Growth Opportunities for Advanced Materials in Aerospace

The Development of New and Innovative Aircraft/Engine Platforms is Driving the Need for Advanced Materials

•      The aerospace industry is going through a rapid transformation to make it efficient, sustainable, and future-proof. Industry stakeholders are developing new and innovative technologies that support increased efficiency and reduced costs while achieving higher capabilities. Globally, OEMs are developing innovative aircraft/engine platforms that are moving away from conventional design and functionality.
•      To support the development and deployment of these new platforms, advanced components, including materials that meet the desired specifications, are required. This is driving the need to develop and adopt new materials that offer better capabilities than existing materials. Both well-established OEMs and start-ups are increasingly investing in R&D to support the development, testing, and prototyping of such materials. The need for new and innovative materials will continue to increase as the demand for next-generation platforms rises, especially now that the competition in the industry is high.