The global aerospace and defense materials market size is estimated to reach USD 27.99 billion by 2030, registering to grow at a CAGR of 5.5% from 2025 to 2030 . Increasing investment in modernization along with expansion of combat aircraft fleet in countries, such as India and China is expected to drive the growth.
The market is expected to benefit from the strong demand for aircraft in the foreseeable future. The number of commercial and cargo fleets around the world is expected to double over the forecast period. The huge surge in passenger and freight traffic is also anticipated to contribute significantly to the increase in aircraft production and demand for aerospace & defense materials.
The aerospace & defense industry has been a long-term promoting factor for the development and application of advanced materials. Leading manufacturers are increasingly adopting a variety of advance materials such as carbon fiber composites and titanium alloys. These materials play an important role in reducing the overall weight and increasing fuel efficiency of an aircraft.
The market players often enter into long-term supply contracts with aircraft manufacturers. The material manufacturers provide highly customized solutions to the component and aircraft manufacturer. Aircraft manufacturers are often involved in monitoring the materials throughout the value chain from design to component manufacturing to ensure the quality.
The market is expected to benefit from the strong demand for aircraft in the foreseeable future. The number of commercial and cargo fleets around the world is expected to double over the forecast period. The huge surge in passenger and freight traffic is also anticipated to contribute significantly to the increase in aircraft production and demand for aerospace & defense materials.
The aerospace & defense industry has been a long-term promoting factor for the development and application of advanced materials. Leading manufacturers are increasingly adopting a variety of advance materials such as carbon fiber composites and titanium alloys. These materials play an important role in reducing the overall weight and increasing fuel efficiency of an aircraft.
The market players often enter into long-term supply contracts with aircraft manufacturers. The material manufacturers provide highly customized solutions to the component and aircraft manufacturer. Aircraft manufacturers are often involved in monitoring the materials throughout the value chain from design to component manufacturing to ensure the quality.
Aerospace And Defense Materials Market Report Highlights
- Titanium is expected to have the fastest growth rate of 6.2%, in terms of revenue, over the forecast period owing to its exceptional compatibility with composites.
- The aerostructure segment accounted for the largest market revenue share of 51.5% in 2024. According to the International Air Transport Association (IATA), passenger numbers are expected to double over the next two decades.
- Commercial aircraft accounted for 55.1% of the overall revenue in 2024, owing to the tremendous growth in commercial passenger and freight traffic, coupled with improved trade relations worldwide.
- North America held the largest revenue share with 55.3% in 2024, owing to the presence of huge aircraft parts manufacturing industry in the region
- Major market players focus on mergers and acquisitions to expand their business and technological capabilities. They prioritize R&D of low cost materials that provide high strength
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
- Competitive Landscape: Explore the market presence of key players worldwide
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
The leading players in the Aerospace and Defense Materials market include:
- Huntsman International LLC
- Toray Composites America, Inc.
- VSMPO-AVISMA
- Arconic Inc.
- Kobe Steel, Ltd
- Allegheny Technologies
- Cytec Solvay Group
- Hexcel Corporation
- Novelis
- Constellium N.V
- SGL Carbon
- thyssenkrupp Aerospace
- Formosa Plastics Corporation, U.S.A
- Strata Manufacturing PJSC
- Teijin Limited
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Aerospace & Defense Materials Market Variables, Trends & Scope
Chapter 4. Aerospace & Defense Materials Market: Material Estimates & Trend Analysis
Chapter 5. Aerospace & Defense Materials Market: Aircraft Parts Estimates & Trend Analysis
Chapter 6. Aerospace & Defense Materials Market: Application Estimates & Trend Analysis
Chapter 7. Aerospace & Defense Materials Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Huntsman International LLC
- Toray Composites America, Inc.
- VSMPO-AVISMA
- Arconic Inc.
- Kobe Steel, Ltd
- Allegheny Technologies
- Cytec Solvay Group
- Hexcel Corporation
- Novelis
- Constellium N.V
- SGL Carbon
- thyssenkrupp Aerospace
- Formosa Plastics Corporation, U.S.A
- Strata Manufacturing PJSC
- Teijin Limited
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 106 |
Published | October 2024 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 20.45 Billion |
Forecasted Market Value ( USD | $ 27.99 Billion |
Compound Annual Growth Rate | 5.5% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |