Defense Aircraft Materials Market by Type and Geography - Forecast and Analysis 2022-2026

The defense aircraft materials market share is expected to increase by USD 284.57 million from 2021 to 2026, at a CAGR of 3.44%.

This defense aircraft materials market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers defense aircraft materials market segmentations by type (combat and non-combat) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The defense aircraft materials market report also offers information on several market vendors, including Acnis international, Allegheny Technologies Inc., AMG Advanced Metallurgical Group NV, Arconic Inc., Avion Alloys Inc., Constellium SE, Continental Steel and Tube Co., DuPont de Nemours Inc., Hexcel Corp., Kinetic Die Casting Co. Inc., Kobe Steel Ltd., LKALLOY, Luxfer MEL Technologies, Medini, Novelis Inc., Rogers Corp., Solvay SA, Teijin Ltd., thyssenkrupp Materials (UK) Ltd., Toray TCAC Holding B.V., and W. L. Gore and Associates Inc. among others.

What will the Defense Aircraft Materials Market Size be During the Forecast Period?

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Defense Aircraft Materials Market: Key Drivers, Trends, and Challenges

The increased demand for aircraft materials is notably driving the defense aircraft materials market growth, although factors such as the complex production technology of defense aircraft may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the defense aircraft materials industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Defense Aircraft Materials Market Driver

The increased demand for aircraft materials is one of the key drivers supporting the defense aircraft materials market growth. Manufacturers of aircraft are constantly attempting to lower aircraft weight in order to enhance fuel economy. This aspect is encouraging the large-scale use of composites in aircraft manufacture since they give a high strength-to-weight ratio, high temperature, and are fracture resistance compared to other materials. Due to their advantageous features, composites such as ceramic and metal matrix composites, fiber-reinforced polymers, carbon-carbon composites, and others are widely used in the aircraft manufacturing business. As several countries look to modernize their defense aircraft fleet, demand for aircraft materials has also increased over the past decade. These factors will contribute to market growth during the forecast period.

Key Defense Aircraft Materials Market Trend

Performance and cost benefits of defense aircraft materials key defense aircraft materials market trends that is contributing to the market growth. Fuel efficiency has always been the central concern for any transportation industry domain, and it holds pivotal importance in the aerospace and defense industry. The quest to reduce the cost of flying and increase operation profitability has led to the development of lightweight and high-performing materials that have helped the aerospace and defense industry reach new heights. More than 80% of the total titanium alloys in the aerospace and defense industry are utilized in engines. Composites are being used in fuselage, wings, and other interiors as well as exterior structures. This has helped the airliners to boost their profitability by reducing fuel consumption by significant amounts as compared to conventional aircraft. As a result, demand for lightweight materials has significantly increased, which will contribute to market growth during the forecast period.

Key Defense Aircraft Materials Market Challenge

The complex production technology of defense aircraft is one of the factors hindering the defense aircraft materials market growth. Fighter aircraft are complex machines that require numerous systems to work together and have low failure rates. Every stage of the process requires a significant amount of labor, but the assembly and systems integration phases take the longest. Although automation can reduce resource dependency in activities such as casting, machining, and joining, it still takes a pair of human eyes and hands to ensure that a bug-free product is produced, as we have not yet reached the point where a fighter jet can roll off a production line with no human hands touching it. Therefore, no single step can be identified as the most time-consuming, although the systems integration and assembly procedures are generally time-consuming and thus hinder the market growth during the forecast period.

This defense aircraft materials market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global defense aircraft materials market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the defense aircraft materials market during the forecast period.

Who are the Major Defense Aircraft Materials Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Acnis international
• Allegheny Technologies Inc.
• AMG Advanced Metallurgical Group NV
• Arconic Inc.
• Avion Alloys Inc.
• Constellium SE
• Continental Steel and Tube Co.
• DuPont de Nemours Inc.
• Hexcel Corp.
• Kinetic Die Casting Co. Inc.
• Kobe Steel Ltd.
• LKALLOY
• Luxfer MEL Technologies
• Medini
• Novelis Inc.
• Rogers Corp.
• Solvay SA
• Teijin Ltd.
• thyssenkrupp Materials (UK) Ltd.
• Toray TCAC Holding B.V.
• W. L. Gore and Associates Inc.

 

This statistical study of the defense aircraft materials market encompasses successful business strategies deployed by the key vendors. The defense aircraft materials market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Allegheny Technologies Inc. - Through the energy segment, the company offers oil, gas and specialty energy. 
• Allegheny Technologies Inc. - The company is involved in offering nickel based alloys materials which has been designed for defense applications where high strength and modulus is required to face high impact damage resistance for maximum survivability for defense aircraft operations. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The defense aircraft materials market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Defense Aircraft Materials Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the defense aircraft materials market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Defense Aircraft Materials Market?

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35% of the market's growth will originate from North America during the forecast period. The US is the key market for defense aircraft materials market in North America. Market growth in this region will be slower than the growth of the market in other regions.

The US robust defense aircraft buying plans will facilitate the defense aircraft materials market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic severely impacted most North American countries, which resulted in the temporary closure of various industries, including those manufacturing defense aircraft materials. However, by 2021, the demand for defense aircraft materials rebounded as regional end-user activities picked up due to the large-scale COVID-19 vaccination drives. These factors will thus drive the growth of the market during the forecast period.

What are the Revenue-generating Type Segments in the Defense Aircraft Materials Market?

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The defense aircraft materials market share growth by the combat segment will be significant during the forecast period. Combat aircraft are essential for aerial threat defense because they can perform both aerial combat and ground-support operations. Global defense superpowers such as the US, China, India, France, and Russia are vying to rethink modern aerial warfare strategies by supporting the indigenous development of fifth-generation and sixth-generation combat aircraft. Thus, the demand for combat aircraft greatly outnumbers the demand for non-combat aircraft. These factors are anticipated to drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the defense aircraft materials market size and actionable market insights on post COVID-19 impact on each segment.

 

Defense Aircraft Materials Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 3.44%
Market growth 2022-2026	$ 284.57 million
Market structure	Fragmented
YoY growth (%)	3.68
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	North America at 35%
Key consumer countries	US, China, India, Russia, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Acnis international, Allegheny Technologies Inc., AMG Advanced Metallurgical Group NV, Arconic Inc., Avion Alloys Inc., Constellium SE, Continental Steel and Tube Co., DuPont de Nemours Inc., Hexcel Corp., Kinetic Die Casting Co. Inc., Kobe Steel Ltd., LKALLOY, Luxfer MEL Technologies, Medini, Novelis Inc., Rogers Corp., Solvay SA, Teijin Ltd., thyssenkrupp Materials (UK) Ltd., Toray TCAC Holding B.V., and W. L. Gore and Associates Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Defense Aircraft Materials Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive defense aircraft materials market growth during the next five years
• Precise estimation of the defense aircraft materials market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the defense aircraft materials industry across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of defense aircraft materials market vendors

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