Aerospace and defense materials is a specialized sector within the materials industry dedicated to providing materials designed for aerospace and defense applications. These materials, including metals, composites, ceramics, polymers, and electronic components, must meet stringent performance and safety requirements. They are essential for the construction, maintenance, and operation of aircraft, spacecraft, military vehicles, weaponry, and associated systems. It plays a pivotal role in enabling the development of high-performance and reliable aerospace and defense systems.
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Data Bridge Market Research analyzes the Global Aerospace and Defense Materials Market is expected to reach USD 47,088,723.13 thousand by 2030 from USD 29,513,164.78 thousand in 2022, growing with a substantial CAGR of 6.2% in the forecast period of 2023 to 2030. Rising positive outlook toward lightweight and high strength materials will drive the market growth.
Key Findings of the Study
Various Government Escalating Allocations to Defense Funding
Increased defense budgets drive investments in advanced technologies, leading to increased demand for specialized materials such as composites, alloys, lightweights, and coatings to enhance military hardware performance and durability. Expanding defense budgets allow governments and contractors to invest in next-generation aircraft, naval vessels, ground vehicles, advanced weaponry, requiring lightweight and robust materials such as carbon composites and advanced polymers for construction and maintenance. In addition, the escalating defense funding is driving technological innovations and collaborations within the industry. Governments are partnering with private enterprises, research institutions, and universities to implement materials science and technology innovations. This collaborative approach leads to the development of cutting-edge materials tailored to specific defense needs. The demand for stealth technology has prompted significant advancements in radar-absorbing materials.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2020 - 2015)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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Product (Aluminium Alloys, Composites, Heat-Resistant Alloys, Plastics and Polymers, Super Alloys, Ceramics, Steel, Nanocomposites, Graphene and Others), Application (Aircraft Structural Frames/Aerostructure, Propulsion Systems, Components, Cabin Interiors, Satellite, Construction and Insulation Components and Others), End-Use (Commercial, Military, Business and General Aviation, and Others)
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Countries Covered
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U.S., Canada, Mexico, France, Germany, U.K., Spain, Italy, Russia, Switzerland, Netherlands, Turkey, Belgium and Rest of Europe, China, India, Japan, South Korea, Singapore, Australia & New Zealand, Malaysia, Philippines, Thailand, Indonesia and Rest of Asia-Pacific, Brazil, Argentina, and Rest Of South America, Saudi Arabia, United Arab Emirates, South Africa, Israel, Egypt and Rest of Middle East And Africa
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Market Players Covered
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Hindalco Industries Ltd. (India), Tata Advanced Systems Limited (Subsidiary Of Tata Sons Private Limited) (India), Materion Corporation (U.S.), PARK AEROSPACE CORP. (U.S.), TEIJIN LIMITED. (Japan), TORAY INDUSTRIES, INC. (Japan), INC., 3M (U.S.), Huntsman International LLC. (U.S.), Safran (France), Arkema (France), Solvay (Belgium), Rogers Corporation (U.S.), Alcoa Corporation (U.S.), Arconic (U.S.), Hexcel Corporation (U.S.), Constellium (France), AMG (U.S.), SGL Carbon (Germany), DuPont (U.S.), and SABIC (Saudi Arabia) and among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global aerospace and defense materials market is segmented into three notable segments on the basis of product, application and end-use.
- On the basis of product, the market is segmented into aluminium alloys, composites, heat-resistant alloys, plastics and polymers, super alloys, ceramics, steel, nanocomposites, graphene, and others.
In 2023, the aluminum alloys segment is expected to dominate the global aerospace and defense materials market
In 2023, the aluminum alloys is expected to dominate the market due to their lightweight, high strength, corrosion resistance, and cost-effectiveness, which is crucial in aerospace and defense for fuel efficiency, structural integrity, and affordability, with the highest market share of 29.00%.
- On the basis of application, the market is segmented into aircraft structural frames/aerostructure, propulsion systems, components, cabin interiors, satellite, construction and insulation components, and others.
In 2023, the aircraft structural frames/aerostructure segment is expected to dominate the global aerospace and defense materials market
In 2023, the aircraft structural frames/aerostructure is expected to dominate the market due to its extensive material requirements for airframes, fuselages, and other essential structural components. These materials need to be lightweight, durable, and able to withstand various stresses and environmental conditions, which makes them a critical part of aircraft design and manufacturing and is expected to dominate with the highest market share of 39.31%.
- On the basis of end-use, the market is segmented into commercial, military, business and general aviation, and others. In 2023, the commercial segment is expected to dominate the market with the highest market share of 48.95%.
Major Players
Data Bridge Market Research analyzes Alcoa Corporation (U.S.), Safran (France), Arconic (U.S.), Hexcel Corporation (U.S.), and TEIJIN LIMITED (Japan) as the major market players in market.
Market Development
- In July 2023, Safran Helicopter Engines (a subsidiary of Safran) and Hindustan Aeronautics Limited (HAL) established a joint venture in Bangalore, India, dedicated to designing, producing, and supporting helicopter engines, with a focus on India's 13-ton IMRH and DBMRH naval helicopter programs. This marks India's first in-house engine design and manufacturing initiative. The collaboration supports the aerospace strategic roadmap between India and France, aligning with the "Aanirbhar Bharat" vision for defense technology self-reliance. The partnership builds upon the longstanding relationship between the two companies, leveraging HAL's manufacturing experience and Safran Helicopter Engines' expertise in turboshaft engine design. In addition to their successful history, the joint venture will explore new business opportunities in aviation.
- In June 2023, Constellium was awarded the "Best Performer Award" by Airbus for its exceptional performance in quality, delivery, and adaptability in the Material & Parts category. This recognition highlights the strong industrial maturity of Constellium's aerospace facilities in France, particularly in Montreuil-Juigné and Issoire. The company supplies Airbus with a wide range of advanced aluminum products, including its proprietary Airware alloy. Ingrid Joerg, President of Aerospace and Transportation at Constellium, expressed gratitude for the recognition and emphasized the commitment to maintaining their outstanding performance. Airbus acknowledged Constellium's continuous efforts to improve quality and supply chain performance through SQIP projects.
- In May 2023, Arconic agreed to be acquired by funds managed by Apollo Global Management, Inc. in an all-cash transaction valued at approximately 5.2 USD billion. Arconic shareholders will receive 30.00 USD per share in cash, representing a 36% premium to the company's closing stock price in February 2023. After the transaction's completion, Arconic will become a private company, no longer trading on the New York Stock Exchange. Apollo plans strategic investments, including upgrading production capabilities, technology, and environmental initiatives, to support Arconic's growth in sustainable aluminum markets worldwide. The acquisition aims to strengthen Arconic's position and long-term goals with the backing of Apollo's expertise.
- In October 2022, Arkema announced a new series of recycled high performance polyamides. They are produced under the Virtucycle program at Arkema's custom recycling center In Italy, partially or fully recycled Rilsan polyamide 11, Rilsamid polyamide 12, and Pebax polymers, which are now being commercialized. This helped the company to expand its product portfolio.
- In June 2020, Constellium entered a 10-year contract with Airbus to supply various advanced aluminum products for all Airbus programs. The deal encompasses items like wing skin panels, fuselage panel sheets, and pre-machined plates for structural components. Constellium will continue to provide its proprietary aluminum-lithium alloy solutions, known as Airware. This agreement solidifies the enduring partnership between Constellium and Airbus, highlighting Constellium's leadership in advanced aluminum solutions. The company has received recognition from Airbus for its product quality and operational performance in the past. Products will be sourced from Constellium's facilities in France and the U.S.
Regional Analysis
On the basis of country, the market is segmented into U.S., Canada, Mexico, France, Germany, U.K., Spain, Italy, Russia, Switzerland, Netherlands, Turkey, Belgium and Rest of Europe, China, India, Japan, South Korea, Singapore, Australia & New Zealand, Malaysia, Philippines, Thailand, Indonesia and Rest of Asia-Pacific, Brazil, Argentina, and Rest Of South America, Saudi Arabia, United Arab Emirates, South Africa, Israel, Egypt and Rest of Middle East And Africa.
As per Data Bridge Market Research analysis:
North America is expected to dominate the global aerospace and defense materials market
North America is expected to dominate the market due to a concentration of major aerospace and defense companies, substantial government investments, research and development, and a robust commercial aviation sector, contributing to market leadership.
Asia-Pacific is expected be fastest growing region in global aerospace and defense materials market
Asia-Pacific region is expected to be fastest growing region due to the increasing demand from emerging markets and expansion.
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