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The defense aircraft materials market size is forecast to increase by USD 381.4 million, at a CAGR of 4.5% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by the relentless pursuit of advanced technologies and innovative materials to enhance the performance, durability, and sustainability of military aircraft. Stealth technology remains a key focus, with composite materials, such as carbon fiber reinforced polymers, playing a crucial role in reducing thermal signatures and improving aerodynamic efficiency. Thermal stability is another critical factor, with polymer matrix composites and advanced ceramics offering superior resistance to high temperatures. Additive manufacturing is revolutionizing the production process, enabling the creation of complex geometries and lightweight structures using materials like titanium alloys and aluminum alloys.
Electromagnetic shielding and radiation shielding are essential for protecting aircraft from external threats, with materials like high-strength steel and cryogenic materials providing effective solutions. Recyclable materials and sustainable materials are gaining traction, with a growing emphasis on life cycle assessment and acoustic absorption. Design optimization and material selection are paramount, with a focus on maximizing structural integrity, corrosion resistance, and damage tolerance. Creep resistance, impact resistance, and vibration damping are also crucial factors, ensuring the longevity and reliability of defense aircraft. For instance, a leading aircraft manufacturer reported a 15% increase in sales due to the adoption of advanced materials in their latest aircraft model.
The market is expected to grow by over 5% annually, reflecting the ongoing demand for advanced, high-performance materials in the defense sector.
The defense aircraft materials industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The combat segment is estimated to witness significant growth during the forecast period.
Combat aircraft play a pivotal role in aerial threat defense, enabling both aerial combat and ground-support functions. Major defense powers, including the US, China, India, France, and Russia, are investing in the development of fifth- and sixth-generation combat aircraft to revolutionize aerial warfare strategies. One notable example is the F-35 Joint Strike Fighter (JSF), which utilizes high-strength alloys for enhanced corrosion resistance. Constellium SE supplies the 7050 and 7140 alloys used in the F-35's fuselage and wings. Additionally, the company provides Airware 2297 and 2098 alloys to Boeing for the F-18 and Lockheed Martin for the F-16, contributing to their structural integrity.
The market is expected to grow by over 5% annually, driven by the demand for advanced materials such as composite materials, polymer matrix composites, advanced ceramics, and lightweight alloys. These materials offer benefits like improved aerodynamic efficiency, thermal stability, electromagnetic shielding, and recyclability, among others. The integration of additive manufacturing, surface treatments, and damage tolerance further enhances the performance and durability of combat aircraft. For instance, carbon fiber composites offer high-strength-to-weight ratios and excellent creep resistance, while titanium alloys provide superior fatigue resistance and radiation shielding. Overall, the market is witnessing significant advancements in material science and technology, leading to the development of more efficient, lightweight, and durable combat aircraft.
The Combat segment was valued at USD 890.20 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 47% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in North America is currently dominating the global landscape, driven by significant investments in defense spending from key players like the US and Canada. In 2020, the US allocated USD778 billion for defense, accounting for 39% of the total defense budget worldwide. This figure represents a consistent yearly increase, with the US currently spending over 3% of its GDP on defense. Canada, meanwhile, spends 1.39% of its GDP on defense and has plans to boost its defense budget to USD32 billion in the coming years. The US Department of Defense (DoD) has been at the forefront of research and development in advanced aerospace materials, leading to innovations such as stealth technology and lightweight composites.
For instance, the development of advanced composite materials, including carbon fiber and polymer matrix composites, has enabled aircraft to execute missions with minimal detection and loss of personnel and aircraft. These materials offer superior thermal stability, aerodynamic efficiency, and electromagnetic shielding. Additive manufacturing, metal matrix composites, and surface treatments are other emerging trends in the market. These technologies contribute to damage tolerance, creep resistance, impact resistance, vibration damping, and other essential properties for high-performance aircraft. Furthermore, the industry is focusing on sustainable materials and life cycle assessment to reduce environmental impact and improve overall efficiency. According to recent estimates, The market is expected to grow by over 5% annually in the coming years.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The defense aircraft materials market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the defense aircraft materials market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, defense aircraft materials market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Acnis international - Nickel-based alloys, a specialized material category, caters to defense applications due to their exceptional high-strength and modulus properties. These materials effectively resist high-impact damage, ensuring maximum survivability for defense aircraft operations.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Defense Aircraft Materials Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
137 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 381.4 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.23 |
Key countries |
US, China, Russia, India, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this defense aircraft materials market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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