Report Highlights
The global market for advanced aerospace materials is estimated to increase from $29.2 billion in 2024 to reach $42.9 billion by 2029, at a compound annual growth rate (CAGR) of 8.0% from 2024 through 2029.
Report Includes
- 113 data tables and 51 additional tables
- Analyses of global market trends for advanced aerospace materials, with market revenue data for 2023, estimates for 2024, forecasts for 2025 and 2027, and projected CAGRs through 2029
- Size and growth forecasts for the global market, and a corresponding market share analysis by material type, aircraft type, ownership type, and region/country
- Facts and figures pertaining to current trends, market dynamics, technological advances, regulations and standards, and the impact of macroeconomic factors
- Insights derived from the Porter’s Five Forces model, as well as global value/supply chain and PESTLE analyses, and case studies
- Evaluation of recent patent activity and key granted and published patents
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
- Review of emerging trends and technologies, and new developments in advanced aerospace materials
- Analysis of the industry structure, including companies’ market shares and rankings, strategic alliances, M&A activity and a venture funding outlook
- Profiles of major players in the industry, including Solvay, DuPont, Ametek and Constellium
Report Scope
This report provides a thorough qualitative and quantitative assessment of the global market for advanced aerospace materials. It considers 2023 as the base year, and provides revenue forecasts for 2024 to 2029 ($ millions). The report analyzes the market based on type, application, end user and region. Each region is further sub-segmented into key countries. Segmental analysis is broken into:
- Type: Advanced aluminum alloys, advanced composites, titanium alloys, superalloys, advanced steel alloys, ceramic-matrix composites, and advanced adhesives.
- Application: Commercial aircraft, military aircraft, general aviation, and helicopters.
- Commercial aircraft: Passenger aircraft, transport aircraft, and space aircraft.
- End user: Private sector and public sector.
- Region: North America, Europe, Asia-Pacific, and Rest of the World (ROW).
Report Synopsis
| Report Metrics | Details | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||
| Base year market size | $27.8 billion | ||||||||||||||
| Market size forecast | $42.9 billion | ||||||||||||||
| Growth rate | CAGR of 8.0% for the forecast period of 2024-2029 | ||||||||||||||
| Units considered | $ Millions | ||||||||||||||
| Segments covered | Type, Application, End User | ||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World | ||||||||||||||
| Countries covered | U.S., Canada, Mexico, Germany, U.K., France, Italy, Poland, Spain, Russia, the Netherlands, Sweden, Norway, Switzerland, Ireland, Denmark, China, India, Japan, Singapore, Thailand, Vietnam, South Korea, Malaysia, Indonesia, the Philippines, Middle East and Africa, South America | ||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Global surge in air passenger traffic
- Rising government support
- More demand for aircraft and related component replacement
- Expanding use of advanced materials in military aircraft
- Increased space missions and satellite launches
Analyst Credentials
Yukti Chaturvedi– Associate Consultant-Advanced Materials Research
Yukti Chaturvedi has over five years of experience in market research. She has a strong knowledge of plastics, chemicals, consumer goods, and advanced materials research. She has handled end-to-end business by providing strategic recommendations and understanding clients’ requirements thoroughly in the market research industry. She demonstrated excellence in working effectively in critical areas − competitor intelligence, product intelligence, market understanding, industry trend analysis, and customer insights. Academically, she is an MBA graduate in International Business.
Report Highlights
The global market for advanced aerospace materials is expected to grow from $26.4 billion in 2023 to $38.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 8.0% from 2023 to 2028.
Report Highlights
The global market for emerging aerospace materials should grow from $13.2 billion in 2020 to $19.9 billion by 2025, at compound annual growth rate (CAGR) of 8.6% for the period of 2020-2025.
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