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Defense Aircraft Materials Market Size (2024 - 2029)

The defense aircraft materials market is experiencing growth, driven by increasing defense spending and the rising demand for military aircraft globally. Despite temporary disruptions due to the COVID-19 pandemic, which affected supply chains and raw material availability, the market has rebounded as production rates normalized. The development of new alloys and advancements in fabrication technologies are expected to enhance the properties of military aircraft materials, contributing to the market's expansion.

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Market Size of Defense Aircraft Materials Industry

Defense Aircraft Materials Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 3.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

Defense Aircraft Materials Market Analysis

The defense aircraft materials market is anticipated to register a CAGR of over 3% during the forecast period (2022 - 2031).

The COVID-19 pandemic had a slight impact on the Defense Aircraft Materials Market. For a minor part of 2020, the global lockdown and social distancing norms have led to severe supply chain constraints and a shortage of raw materials across the world. With the gradual relaxation of lockdown and the reduced impact of the pandemic, the supply chain of the materials was restored, and production rates started coming back to normal.

On the other hand, the defense spending and the budgets allocated towards aircraft procurement continued to increase in 2020 and 2021, despite the impact of the pandemic. The growing military conflicts between different countries and the rising demand for military aircraft among major countries are driving the demand for aircraft materials used in various aircraft across the world.

Emerging fabrication technologies and manufacturing processes are envisioned to improve the current properties of the military aircraft materials and foster the impetus for developing new alloys for manufacturing high-performing aircraft parts and airframe structures.

Defense Aircraft Materials Industry Segmentation

A modern military aircraft is composed of several metal alloys and composite structures joined to create the specific structural profile of the airframe and other constituent parts and components that fulfill the specified operational requirements of the aircraft. The market is segmented based on aircraft type into combat and non-combat. The market is also segmented by material type into aluminum alloys, steel, titanium alloys, and composites. The report also covers the market sizes and forecasts for the market in major countries across different regions. The market sizing and forecasts have been provided in value (USD million).

Aircraft Type
Combat
Non-combat
Material Type
Aluminum Alloys
Steel
Titanium Alloys
Composites
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
Turkey
Rest of Middle-East and Africa
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Defense Aircraft Materials Market Size Summary

The defense aircraft materials market is poised for steady growth, driven by increasing defense budgets and the rising demand for military aircraft globally. Despite the initial disruptions caused by the COVID-19 pandemic, which affected supply chains and raw material availability, the market has rebounded as production rates normalized. The ongoing military conflicts and the strategic focus on developing advanced combat aircraft, such as the fifth and sixth-generation models, are significant factors propelling the demand for specialized materials. Countries like the United States, China, and Japan are heavily investing in next-generation aircraft, with a particular emphasis on lightweight and durable composite materials to enhance performance and resilience. This trend is further supported by emerging fabrication technologies that promise to improve the properties of military aircraft materials, fostering innovation in alloys and manufacturing processes.

North America currently leads the defense aircraft materials market, largely due to the United States' substantial military procurement plans and its position as the world's largest military spender. The region's dominance is expected to continue, supported by ongoing research and development in composite materials aimed at producing lightweight and efficient aircraft components. Strategic collaborations and partnerships among key industry players, such as AMG Advanced Metallurgical Group N.V., Solvay SA, and Hexcel Corporation, are enhancing the supply chain's robustness and innovation capacity. While the market remains consolidated due to stringent regulatory policies, the focus on indigenous production and localization of supply chains is likely to encourage new entrants. Investments in research centers and agreements to develop advanced composite materials, as seen in initiatives by companies like Daher and Hindustan Aeronautics Limited, underscore the industry's commitment to meeting the evolving demands of military aviation.

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Defense Aircraft Materials Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size and Forecast by Value - USD million, 2018 - 2027)

    1. 2.1 Aircraft Type

      1. 2.1.1 Combat

      2. 2.1.2 Non-combat

    2. 2.2 Material Type

      1. 2.2.1 Aluminum Alloys

      2. 2.2.2 Steel

      3. 2.2.3 Titanium Alloys

      4. 2.2.4 Composites

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 Germany

        3. 2.3.2.3 France

        4. 2.3.2.4 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 India

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Latin America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Rest of Latin America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 United Arab Emirates

        3. 2.3.5.3 Turkey

        4. 2.3.5.4 Rest of Middle-East and Africa

Defense Aircraft Materials Market Size FAQs

The Defense Aircraft Materials Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

AMG Advanced Metallurgical Group N.V., Solvay SA, Constellium SE, Hexcel Corporation and Toray Industries, Inc. are the major companies operating in the Defense Aircraft Materials Market.

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Defense Aircraft Materials Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)