Dublin, April 26, 2024 (GLOBE NEWSWIRE) -- The "Global Aluminum Wire with a Focus on Aerospace Market Outlook 2023-2036" report has been added to ResearchAndMarkets.com's offering.
The global market for aluminum wire with a focus on aerospace is projected to grow at the CAGR of 6.34% over the forecast period, i.e., 2024-2036
The growth of the market is set to be dominated by surging demand to recycle aluminum, along with growing adoption of cutting-edge technology. Additionally, the market is also set to rise owing to growing demand for air freight, and rising use of aluminum wire in space exploration. The market is poised to capture the revenue of about USD 10 billion by the end of 2036, up from a revenue of more than USD 5 billion in the year 2023.
The global aluminum wire with a focus on aerospace market is segmented into numerous segments which includes alloy type, aerospace application, aerospace grade requirement, and cable type. By aerospace application, the market is further segmented into commercial aircraft [airplane], military aircraft, satellites, rockets, and drones & unmanned aerial vehicles. Out of these, the military aircraft segment is predicted to generate the largest market revenue of over USD 3 billion by the end of 2036, up from a revenue of close to USD 1 billion in the years 2023. This growth is set to be dominated by rising demand for military aircraft.
On the basis of region, the global aluminum wire with a focus on aerospace market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Asia Pacific is set to rise at a CAGR of 7.77% over the forecast period. This is because of the growing number of passengers travelling by plane.
Companies Featured
- Rusal
- Kaiser Aluminum Corporation
- Constellium Group
- Emirates Global Aluminium PJSC
- Aluminium Corporation
- Vedanta Limited
- Hindalco Industries Ltd.
- MWS Wire Industries Inc.
- Southwire Company LLC
- SWAN Corporation
Key Topics Covered:
1. An Outline of the Global Aluminum Wire With a Focus on Aerospace Industry Market With a Focus on Aerospace Industry
1.1 Market Definition
1.2 Market Segmentation
1.3 Alloy Type Overview
2 Assumptions and Abbreviations
3 Research Methodology & Approach
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4 Global Economic Outlook: Challenges for Global Recovery and its Impact on the Global Aluminum Wire With a Focus on Aerospace Industry Market
5 Summary of the Report for Key Decision Markers
6 Market Opportunities
7 Market Dynamics
8 Major Roadblocks
9 Market Trends
10 Government Regulations and Standards: How they would aid business?
11 Industry Risk Analysis
12 Decarbonization Strategy and Carbon Credit Benefits for Market Players
13 Top End Users Companies for Aluminum Wires
14 Uses of Aluminum Wire Across Each of the Aerospace Segments
15 Competitive Positioning of Japanese Aluminum Wire Manufacturers
16 Technologies Used in Aerospace Industry and Use of Aluminum Wire
17 Startup Analysis in the Aerospace Industry
18 Strategic Development
19 Industry Supply Chain Analysis
20 Industry SWOT Analysis
21 End User Analysis
22 Industry Growth Outlook w.r.t. Aluminum Wire With a Focus on Aerospace Industry Market
23 Competitive Positioning: Strategies to Differentiate a Company from Its Competitor
24 Competitive Model: A Detailed Inside View for Investors
24.1 Major Company Product Mapping
24.2 Company Market Share (2022)
24.3 Business Profile of Key Enterprise
For more information about this report visit https://www.researchandmarkets.com/r/1wlxhi
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