Dublin, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The "Aerospace and Defense Materials - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Aerospace and Defense Materials Market to Reach $34.4 Billion by 2030
The global market for Aerospace and Defense Materials estimated at US$28.5 Billion in the year 2022, is projected to reach a revised size of US$34.4 Billion by 2030, growing at a CAGR of 2.4% over the analysis period 2022-2030. Composites, one of the segments analyzed in the report, is projected to record 2.7% CAGR and reach US$14.3 Billion by the end of the analysis period. Growth in the Aluminum Alloys segment is estimated at 2.2% CAGR for the next 8-year period.
Competition in the satellite industry is multifaceted, with a diverse range of operators owning and operating small satellites, as evidenced by market data from 2021. The competitive landscape is further highlighted by the strong, active, niche, or trivial presence of 119 players worldwide in 2023, reflecting the industry's dynamism.
Notable startups in satellite technology contribute to the innovation ecosystem. Market outlooks indicate growth prospects in satellite manufacturing and launch systems, driven by technological advancements and emerging trends reshaping the industry's future. However, challenges such as the risk of collisions with space debris loom large amidst the recent massive growth in the satellite sector. Ongoing market activities underscore the continued momentum and evolution within the industry, with several world brands playing key roles in shaping its trajectory.
The U.S. Market is Estimated at $9.3 Billion, While China is Forecast to Grow at 7.1% CAGR
The Aerospace and Defense Materials market in the U.S. is estimated at US$9.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0% and 1.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 769 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $28.5 Billion |
| Forecasted Market Value (USD) by 2030 | $34.4 Billion |
| Compound Annual Growth Rate | 2.4% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Slow Recovery in Commercial Aviation Sector Presents Opportunities
- Global Commercial Aircraft New Deliveries by Aircraft Type (2022-2041)
- Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2040
- Global Aircraft Deliveries by Region: 2021-2040
- Spurt in Air Passenger Traffic and Need for Modern Aircraft Presents Growth Opportunities
- Passenger Traffic as Share of 2019 by Country for 2021-2025
- Number of Scheduled Passengers Boarded by Airlines Worldwide industry (In Million) for Years 2018 Through 2023
- Spending Patterns in the Defense Sector to Strengthen Growth Prospects
- Global Military Expenditure in US$ Billion (2016-2021)
- World Steps Up Military Spending in the Wake of the Russia Ukraine War
- Rising Demand for Fixed Wing Fighter Aircraft Bodes Well
- Military Aircraft Supply Chain to Benefit from the Unfortunate State of Global Geo-Political Affairs: Military Spending by Top Countries in 2022 (In US$ Billion
- Growth of Low-Cost Carriers: An Opportunity for Aerospace Materials Market
- LCC Short Haul Market as % of Total Seat Capacity by Region
- Business & General Aviation Segment Poised to Lead Future Growth in the Aerospace Materials Market
- Global Private Jet Aircraft Industry in US$ Billion: 2021 & 2028
- Global General Aviation Market: Revenue Share (in %) by Aircraft Type: 2023e
- Smart Materials & 3D Printing Gain Spotlight
- List of Select 3D Printing Materials for Aerospace Applications
- Aging Aircraft Expand Opportunities for Engineering Materials
- Aging Aircraft & the Ensuing Need to Ensure Airworthiness of Older Airplanes to Spur Opportunities in the MRO Services Market: Average Age (in Years) of Globally Operating Aircraft Fleet for 2020 & 2030
- Aerospace Industry to Scale New Heights with Innovative, Green Materials
- Composites: The Dominant Aerospace Material Category
- Challenges and Future prospects
- Promising Composites for Aerospace Applications
- Progressive Expansion in Use Case Results in Composites Evolving as Mainstream Aerospace Material
- Composites Make Up for About Half of Total Weight of Modern Aircraft: Percentage Breakdown of Structural Weight Composition by Material for Airbus 350XWB and Boeing 787
- Evolution of Composite Materials as % of Aircraft Mass for Select Fighter Aircrafts
- Players Introduce Innovations in Composites Space
- Nanocomposites Evolve into Advanced Solutions in Aircraft Construction
- Carbon Continues to Make Gains as Best-in-Class Aerospace Composites Material
- Asian Companies Dominate Aerospace-Grade Carbon Fiber Production
- Carbon Fiber Composites Find Favor in Aircraft Interiors
- Emergence of New & Unconventional Composites for Use in Aircraft Interiors
- Demand for Polymer Matrix Composites Gain Momentum
- Aerospace Tapes: An Innovative Product
- Composites not the Panacea for Better Aircraft Manufacture as There are Few Disadvantages As Well
- Growing Use of Composites in Airframes Challenge MRO Providers to Seek for Improved Tools and Techniques
- Graphene: The Next Generation Material for Aerospace Industry
- Developments in Aerospace Graphene Materials Space
- Established Role of Aluminium in Aircraft Manufacturing Renders Improved Outlook for Aluminium Alloys
- New Aluminum Alloys to Emerge for Aircraft Manufacture
- Demand for 7000 series Al-Zn Alloys Gains Momentum
- Newer Titanium Alloys Gain Traction in Aerospace Application for Engine Parts and Airframes
- Superalloys Emerge as Key Manufacturing Materials for Aircraft Engines
- Nickel Alloys Combine Immense Strength and Extreme Temperature Tolerance
- Steel Alloys Lend Traction in Producing Long-Lasting Fasteners & Landing Gear Bolts
- Use of Magnesium Based Alloys Witness a Surge
- Aircraft Electrical Systems: The Stronghold Application for Copper & Copper Alloys
FOCUS ON SELECT PLAYERS(Total 196 Featured)
- Alcoa Corporation
- 3M Company
- Arkema Group
- AMG Advanced Metallurgical Group N.V.
- Aperam SA
- Arconic, Inc.
- Arnold Magnetic Technologies
- Advanced Composites, Inc.
- Alcast Technologies Ltd.
- Argosy International Inc.
- Avdel (India) Pvt. Ltd.
- Aluminum Die Cast Co., Inc.
- AirMetals, Inc.
- Atlas Composite Technologies Ltd.
- Avient Corp.
For more information about this report visit https://www.researchandmarkets.com/r/wl79x2
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