Summary

Overview
Global Aerospace And Defense Materials Market reached US$ 43.8 billion in 2023 and is expected to reach US$ 81.1 billion by 2031, growing with a CAGR of 8.0% during the forecast period 2024-2031.
Global modernization initiatives and defense budgets have a major impact on the market for aerospace and defense products. Governments make investments in the creation of cutting-edge unmanned aerial vehicles (UAVs), missile systems, and military aircraft. As a consequence, they demand materials with improved ballistic protection, stealth, and strength.
Growth in the industry is mostly driven by the rising demand for air travel, particularly in emerging nations. The need for air travel is increasing as the middle class grows and people's disposable budgets increase globally. Due to the growing need for more fuel-efficient, lightweight and environmentally friendly aircraft, commercial airlines are placing more orders for aircraft as a result of this trend.
North America is among the growing regions in the global aerospace and defense materials market covering more than 1/3rd of the market. Aerospace and defense material research and development are concentrated in North America. The area is home to a thriving network of research facilities, technological hubs and universities that work closely with business partners to create innovative materials and technologies.
Dynamics
Increasing Increasing Developments in Technology and Material Innovation
The global aerospace and defense materials market is growing as a result of material innovation and technological developments. New materials with improved qualities are constantly coming to market as a result of the quick advancements in material science, nanotechnology and additive manufacturing. For example, carbon fiber reinforced polymers (CFRP) and other high-strength, lightweight composites with improved strength-to-weight ratios and corrosion resistance have been made possible by improvements in composite materials.
For Instance, in 2023, Hindustan Aeronautics Limited and Safran Helicopter Engines selected Bangalore, India, as the location of their new joint venture business. The primary goal of this endeavor is to create the best possible propulsion system for the 13-ton Indian Multi-Role Helicopter and its naval counterpart, the Deck-Based Multi-Role Helicopter. The company will be fully committed to the design, development, production, sales, and support of helicopter engines. India's first internal engine design and manufacture will occur from this joint venture.
Government Expenditure Increase and Future Space Sector Projects
The space industry uses a lot of aerospace and defense materials because of their single-shell molded construction, which lowers the spacecraft's weight. Government expenditure on space technology is rising, which is propelling the expansion of the aerospace and military materials market even more. In 2020, India's budget for the space department was Rs. 9,500 crores (US$ 1.28 billion); by 2021, however, it had increased to Rs. 13,949 crores (US$ 1.9 billion), a 46.8% increase.
Future space missions are expected to enhance spacecraft demand, which will further drive the expansion of the aerospace and military materials business. The European Space Agency (ESA), for example, lists ExoMars/TGO, Cluster II, Mar Express and other programs as part of its upcoming space initiatives.
The National Aeronautics and Space Administration (NASA) also states that the agency's upcoming space missions, which include Moon 2024, Landsat 9, CYGNSS and others, are expected to boost demand for satellites and spacecraft and thus accelerate the growth of the aerospace and defense materials sector. Consequently, rising government investment as well as upcoming space initiatives will fuel the expansion of the aerospace and materials industries.
Strict Regulation Standards and Disruptions to the Supply Chain
The susceptibility of supply chains to interruptions is a major obstacle confronting the globally market for defense and aerospace materials. The movement of components completed goods and raw materials can be disrupted by occurrences like natural catastrophes, trade disputes, geopolitical conflicts and globally pandemics. It can cause production delays and cost growth.
Additionally, the strict regulations regulating the aerospace and defense materials business are a major impediment to the globally market for these materials. globally aviation authorities and defense agencies enforce strict safety, performance and environmental rules that must be met by aircraft and defense equipment. The development and implementation of new materials and technologies are made more difficult and expensive by these standards, which frequently call for thorough testing, certification and documentation.
Difficulties in Adapting Modern Materials to Older Aircraft
The aviation industry may face many obstacles and limitations due to the incompatibility of modern materials with older aircraft. The main cause of this problem is the quick development of aerospace materials and technology, which can result in a large age difference between older and newer aircraft. Modern materials may not be compatible with the materials and manufacturing techniques used in the design and construction of older aircraft.
It might not have the design elements and structural reinforcement demanded to make advantage of cutting-edge metals, composites or materials. The weight and balance characteristics of an aircraft can be changed by adding new materials. There were specified weight distributions and balancing points used in the design of older airplanes. Think about the drastic temperature changes that occur during every takeoff and landing, which can range from 20°C to -40°C.
Segment Analysis
The global aerospace and defense materials market is segmented based on material, aircraft type, product form, application and region.
Rising Demand for Commercial Aircraft in the Commercial Aviation Industry
The commercial aircraft segment is among the growing regions in the global aerospace and defense materials market covering more than 1/3rd of the market. The global market for aerospace and military materials is significantly impacted by the expansion of the commercial aviation industry. Airlines are growing their fleets and modernizing their current aircraft to fulfill capacity demands and boost operational efficiency in response to the growing demand for air travel by passengers.
Additionally, the growth increases demand for modern materials with qualities like durability, lightweighting and fuel economy, which lower operating costs and have a positive environmental impact. The aerospace industry is seeing expansion due to the constant innovation of manufacturers who are creating materials like lightweight metals, titanium alloys and sophisticated composites that can resist the rigors of flight and still fulfill strict safety and performance requirements.
Geographical Penetration
Growing Government Initiations and Expansion of the Aerospace and Defense Industry in North America
North America has been a dominant force in the global aerospace and defense materials market. North American investment in aerospace and defense materials is being driven by government initiatives and defense modernization plans. To finance research and development initiatives targeted at improving military capabilities and technical dominance, United States, in particular, devotes significant financial resources to defense spending.
North America also enjoys the advantages of a developed aerospace and defense industrial sector, complete with well-established supply networks and a trained labor force. The timely supply of systems and components to OEMs and defense contractors is supported by this infrastructure, which facilitates the effective manufacture and distribution of aerospace and defense products.
The demand for satellites and spacecraft will rise as a result of upcoming space projects in the area, spurring the expansion of the aerospace and military materials industry. The National Aeronautics and Space Administration (NASA), for example, states that the region's prospective space programs include the Near-Earth Object Surveyor (2026), Europa Clipper (2024), Sun Radio Interferometer Space Equipment (2023) and others.
Additionally, industry agreements and contracts are driving the production of both commercial and defense aircraft. For example, the Boeing Company was granted a modification (P00215) to contract for licenses, subscriptions and KC-46A Air Force Production Lot 8 aircraft in August 2022. The also includes fifteen more KC-46A aircraft. 100% of US$ 886,242,124 in foreign military sales are attributed to Israel under this contract.
COVID-19 Impact Analysis
The global market for aerospace and defense materials has been significantly influenced by the COVID-19 pandemic, which has created possibilities as well as problems for industry participants. The commercial aviation industry had a major slowdown due to widespread travel restrictions and lower demand for air travel, which resulted in fewer orders for aircraft and a concomitant reduction in the market for aerospace materials.
The producers of metals, composites and other materials required in the production of airplanes were impacted by this slump as it spread across the supply chain. Suppliers of aerospace and defense materials also encountered increased difficulties as a result of manufacturing and logistical bottlenecks brought on by lockdowns and border closures.
The pandemic also brought to light the significance of military capabilities and crisis resilience, prompting some countries to raise defense budgets to strengthen national security. Some aerospace and defense material producers have benefited from this increase in defense spending, which has partially offset losses in the commercial aircraft industry.
Additionally, the pandemic sped up aircraft design trends toward efficiency and lightweighting, increasing demand for cutting-edge materials that provide improved performance and fuel economy. Due to this, advances in materials science have accelerated, with an emphasis on creating stronger, lighter and more sustainable substances for use in aerospace.
Russia-Ukraine War Impact Analysis
The war between Russia and Ukraine has affected demand dynamics and supply chains in the global aerospace and military materials sector. Due to Ukraine's significant production of high-grade titanium, a crucial component used in the manufacture of aircraft, disturbances in the area have raised worries about possible shortages and price instability. Due to this, aerospace industries all globally are now reevaluating their supply chain plans and looking for alternate sources for titanium and other components.
Furthermore, the strain that geopolitical tensions have placed on budgets for defense across the board has caused swings in the market for defense-related supplies. In response to security concerns, some countries may boost defense capability investments, while others may place a higher priority on diplomatic solutions, which might ultimately result in a short-term decline in the market for defense supplies.
Additionally, production scheduling and inventory management for aerospace and defense firms have been impacted by the increased complexity of planning and procurement procedures brought about by these uncertainties. The war has also highlighted the significance of resilience and diversity in aerospace and defense material supply networks.
By Material
• Aluminum Alloys
• Titanium Alloys
• Nickel-based Alloys
• Steel Alloys
• Super Alloys
• Composites
• Heat-Resistant Alloys
• Plastics And Polymers
• Others
By Aircraft Type
• Commercial Aircraft
• Military Aircraft
• Business and General Aviation
• Spacecrafts
• Helicopters
• Others
By Product Form
• Sheets & Plates
• Bars & Rods
• Tubes & Pipes
• Foils
• Films
• Prepregs
• Others
By Application
• Airframe
• Cabin Interior
• Propulsion
• Aero Engine
• Naval System
• Weapons
• Navigation and Sensors
• Satellites
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Russia
o Rest of Europe
• South America
o Brazil
o Argentina
o Rest of South America
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• On July 14, 2023, Hindustan Aeronautics Limited and Safran Helicopter Engines selected Bangalore, India, as the location of their new joint venture business. The primary goal of this endeavor is to create the best possible propulsion system for the 13-ton Indian Multi-Role Helicopter and its naval counterpart, the Deck-Based Multi-Role Helicopter. The company will be fully committed to the design, development, production, sales, and support of helicopter engines. India's first internal engine design and manufacture will occur from this joint venture.
• On April 14, 2020, Novelis Inc. acquired Aleris Corporation, which had 13 operations in North America, Europe, and Asia. Novelis' product portfolio now includes aircraft, thanks to the purchase of Aleris, a worldwide provider of rolled aluminum products. By diversifying, Novelis was better able to fulfill the rising demand for aluminum from customers and strengthen its strategic position in Asia.
Competitive Landscape
The major global players in the market include Toray Industries Inc., Solvay S.A., Hexcel Corporation, Teijin Carbon Europe GmbH, ATI, Arconic, Constellium, Thyssenkrupp Aerospace, Mitsubishi Chemical Group and DuPont de Nemours, Inc.
Why Purchase the Report?
• To visualize the global aerospace and defense materials market segmentation based on material, aircraft type, product form, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of aerospace and defense materials market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The global aerospace and defense materials market report would provide approximately 70 tables, 81 figures and 197 Pages.
Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
Emerging Companies

ページTOPに戻る

Table of Contents

1. Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
3.1. Snippet by Material
3.2. Snippet by Aircraft Type
3.3. Snippet by Product Form
3.4. Snippet by Application
3.5. Snippet by Region
4. Dynamics
4.1. Impacting Factors
4.1.1. Drivers
4.1.1.1. Increasing Developments in Technology and Material Innovation
4.1.1.2. Government Expenditure Increase and Future Space Sector Projects
4.1.2. Restraints
4.1.2.1. Strict Regulation Standards and Disruptions to the Supply Chain
4.1.2.2. Difficulties in Adapting Modern Materials to Older Aircraft
4.1.3. Opportunity
4.1.4. Impact Analysis
5. Industry Analysis
5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion
6. COVID-19 Analysis
6.1. Analysis of COVID-19
6.1.1. Scenario Before COVID
6.1.2. Scenario During COVID
6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion
7. By Material
7.1. Introduction
7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
7.1.2. Market Attractiveness Index, By Material
7.2. Aluminum Alloys*
7.2.1. Introduction
7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Titanium Alloys
7.4. Nickel-based Alloys
7.5. Steel Alloys
7.6. Super Alloys
7.7. Composites
7.8. Heat-Resistant Alloys
7.9. Plastics And Polymers
7.10. Others
8. By Aircraft Type
8.1. Introduction
8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aircraft Type
8.1.2. Market Attractiveness Index, By Aircraft Type
8.2. Commercial Aircraft*
8.2.1. Introduction
8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Military Aircraft
8.4. Business and General Aviation
8.5. Spacecrafts
8.6. Helicopters
8.7. Others
9. By Product Form
9.1. Introduction
9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
9.1.2. Market Attractiveness Index, By Product Form
9.2. Sheets & Plates*
9.2.1. Introduction
9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Bars & Rods
9.4. Tubes & Pipes
9.5. Foils
9.6. Films
9.7. Prepregs
9.8. Others
10. By Application
10.1. Introduction
10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.1.2. Market Attractiveness Index, By Application
10.2. Airframe*
10.2.1. Introduction
10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Cabin Interior
10.4. Propulsion
10.5. Aero Engine
10.6. Naval System
10.7. Weapons
10.8. Navigation and Sensors
10.9. Satellites
10.10. Others
11. By Region
11.1. Introduction
11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
11.1.2. Market Attractiveness Index, By Region
11.2. North America
11.2.1. Introduction
11.2.2. Key Region-Specific Dynamics
11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aircraft Type
11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.2.7.1. U.S.
11.2.7.2. Canada
11.2.7.3. Mexico
11.3. Europe
11.3.1. Introduction
11.3.2. Key Region-Specific Dynamics
11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aircraft Type
11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.3.7.1. Germany
11.3.7.2. UK
11.3.7.3. France
11.3.7.4. Russia
11.3.7.5. Spain
11.3.7.6. Rest of Europe
11.4. South America
11.4.1. Introduction
11.4.2. Key Region-Specific Dynamics
11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aircraft Type
11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.4.7.1. Brazil
11.4.7.2. Argentina
11.4.7.3. Rest of South America
11.5. Asia-Pacific
11.5.1. Introduction
11.5.2. Key Region-Specific Dynamics
11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aircraft Type
11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.5.7.1. China
11.5.7.2. India
11.5.7.3. Japan
11.5.7.4. Australia
11.5.7.5. Rest of Asia-Pacific
11.6. Middle East and Africa
11.6.1. Introduction
11.6.2. Key Region-Specific Dynamics
11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aircraft Type
11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
12. Competitive Landscape
12.1. Competitive Scenario
12.2. Market Positioning/Share Analysis
12.3. Mergers and Acquisitions Analysis
13. Company Profiles
13.1. Toray Industries Inc.*
13.1.1. Company Overview
13.1.2. Product Portfolio and Description
13.1.3. Financial Overview
13.1.4. Key Developments
13.2. Solvay S.A.
13.3. Hexcel Corporation
13.4. Teijin Carbon Europe GmbH
13.5. ATI
13.6. Arconic
13.7. Constellium
13.8. Thyssenkrupp Aerospace
13.9. Mitsubishi Chemical Group
13.10. DuPont de Nemours, Inc.
LIST NOT EXHAUSTIVE
14. Appendix
14.1. About Us and Services
14.2. Contact Us