Global Aerospace and Defense Materials Market Size, Share, Growth Analysis, By Material Type, By Application, By Equipment Type

Description

Aerospace and Defense Materials Market size was valued at USD 36.42 billion in 2021 and is poised to grow from USD 39.01 billion in 2022 to USD 67.42 billion by 2030, at a CAGR of 7.08% during the forecast period (2023-2030).

The aerospace and defense materials market are thriving due to various factors like escalating defense expenditures, surging demand for commercial aircraft, technological advancements, and the necessity for lightweight, high-performance materials. The consistent rise in defense budgets driven by geopolitical tensions and the modernization of military equipment presents opportunities within the aerospace and defense materials market. Furthermore, there's an increasing emphasis on developing sustainable and environmentally friendly materials. With stricter environmental regulations and growing environmental concerns, aerospace and defense manufacturers are embracing materials with lower carbon footprints. This includes the utilization of bio-based materials, recyclable composites, and lightweight alloys. Shifting towards sustainable materials not only addresses environmental issues but also brings cost-saving advantages like improved fuel efficiency and reduced maintenance expenses.

Segments covered in this report

The global aerospace and defense materials market is segmented by equipment type, application, material type, and region.By material type, it can be segmented into metals, composites, plastic and others. Based on application, the market is segmented into commercial aerospace, military aerospace, and defense. Based on equipment type, the market can be segmented into aircraft, missiles and rockets, satellites and spacecrafts, defense electronics, and ground support equipment. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers:

Expansion of global air passenger traffic

The escalating expansion of global air passenger traffic is generating heightened demand for new aircraft, consequently propelling the requirement for advanced aerospace materials. This surge in demand has prompted a concentrated effort on improving fuel efficiency, curbing emissions, and enhancing overall aircraft performance. Consequently, lightweight materials such as composites are gaining greater prominence in the manufacturing of aircraft.

Restraints:

complexities in its supply chain

The aerospace and defense materials sector encounters complexities in its supply chain, characterized by multiple suppliers and stringent quality control measures. Effectively sourcing and managing reliable, high-quality materials, especially for specialized applications, presents a challenging endeavor. Disruptions within the supply chain have the potential for substantial impacts on production schedules, resulting in escalated costs. Therefore, ensuring the resilience and efficiency of the supply chain is imperative for the industry's overall success.

Market Trends:

Integration of Composite Materials

A noteworthy trend in the market involves the widespread adoption of advanced composite materials. These materials exhibit exceptional strength-to-weight ratios, corrosion resistance, and durability, rendering them well-suited for diverse applications within the aerospace and defense sectors. The incorporation of composites into aircraft structures contributes to weight reduction, resulting in enhanced fuel efficiency and overall performance. Commonly employed materials in the aerospace and defense industries include carbon fiber composites, fiberglass composites, and aramid fiber composites.

Product Code: SQMIG20A2167

Executive Summary
- Market Overview
- Wheel of Fortune
Research Methodology
- Information Procurement
- Secondary & Primary Data Sources
- Market Size Estimation
- Market Assumptions & Limitations
Parent Market Analysis
- Market Overview
- Market Size
- Market Dynamics
  - Drivers
  - Opportunities
  - Restraints
  - Challenges
Key Market Insights
- Technology Analysis
- Pricing Analysis
- Supply Chain Analysis
- Value Chain Analysis
- Ecosystem of the Market
- IP Analysis
- Trade Analysis
- Startup Analysis
- Raw Material Analysis
- Innovation Matrix
- Pipeline Product Analysis
- Macroeconomic Indicators
- Top Investment Analysis
- Key Success Factor
- Degree of Competition
Market Dynamics & Outlook
- Market Dynamics
  - Drivers
  - Opportunities
  - Restraints
  - Challenges
- Regulatory Landscape
- Porters Analysis
  - Competitive rivalry
  - Threat of Substitute Products
  - Bargaining Power of Buyers
  - Threat of New Entrants
  - Bargaining Power of Suppliers
- Skyquest Special Insights on Future Disruptions
  - Political Impact
  - Economic Impact
  - Social Impact
  - Technical Impact
  - Environmental Impact
  - Legal Impact
Global Aerospace and Defense Materials Market by Material Type
- Market Overview
- Metals
- Composites
- Plastic
- and others.
Global Aerospace and Defense Materials Market by Application
- Market Overview
- Commercial aerospace
- Military aerospace and Defense.
Global Aerospace and Defense Materials Market by Equipment Type
- Market Overview
- Aircraft
- Missiles and Rockets
- Satellites and Spacecrafts
- Defense Electronics
- and Ground Support Equipment.
Global Aerospace and Defense Materials Market Size by Region
- Market Overview
- North America
  - USA
  - Canada
- Europe
  - Germany
  - Spain
  - France
  - UK
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - South Korea
  - Rest of Asia-Pacific
- Latin America
  - Brazil
  - Rest of Latin America
- Middle East & Africa (MEA)
  - GCC Countries
  - South Africa
  - Rest of MEA
Competitive Landscape
- Top 5 Player Comparison
- Market Positioning of Key Players, 2021
- Strategies Adopted by Key Market Players
- Top Winning Strategies
  - By Development
  - By Company
  - By Year
- Recent Activities in the Market
- Key Companies Market Share (%), 2021
Key Company Profiles
- Alcoa Corporation (US)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Toray Industries, Inc. (Japan)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Hexcel Corporation (US)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Constellium SE (France)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Teijin Limited (Japan)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- ATI (Allegheny Technologies Incorporated) (US)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Solvay S.A. (Belgium)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Aleris Corporation (US)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- TenCate Advanced Composites (Netherlands)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Cytec Solvay Group (Belgium)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Mitsubishi Chemical Carbon Fiber and Composites, Inc. (Japan)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- BASF SE (Germany)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- SGL Carbon SE (Germany)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- DuPont de Nemours, Inc. (US)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Reliance Industries Limited (India)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Owens Corning (US)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Kaman Corporation (US)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Materion Corporation (US)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- Norsk Titanium AS (Norway)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments
- TATA Advanced Materials Limited (India)
  - Company Overview
  - Business Segment Overview
  - Financial Updates
  - Key Developments

Global Aerospace and Defense Materials Market Size, Share, Growth Analysis, By Material Type, By Application, By Equipment Type - Industry Forecast 2023-2030