As per Intent Market Research, the Aerospace and Defense Materials Market was valued at USD 20.8 billion in 2023 and will surpass USD 33.8 billion by 2030; growing at a CAGR of 7.2% during 2024 - 2030.
The Aerospace and Defense Materials Market plays a pivotal role in advancing the capabilities of the aerospace and defense sectors. With a focus on durability, lightweight properties, and thermal resistance, materials used in these industries are essential for enhancing aircraft and defense systems' performance and efficiency. Innovations in material science, driven by the increasing demand for fuel-efficient and high-performance systems, continue to expand this market's scope.
As global air travel and defense budgets grow, manufacturers are prioritizing advanced materials that meet stringent regulatory and operational standards. This trend is reshaping the landscape of aerospace and defense materials with a strong emphasis on sustainability, resilience, and performance optimization.
Composites Material Type Is Fastest Growing Owing to Lightweight Properties
Among Material Types, Composites are the fastest-growing subsegment due to their unmatched combination of lightweight properties and structural strength. Composites are extensively used in airframes and other high-stress components to reduce aircraft weight, improve fuel efficiency, and enhance overall performance. Materials such as Carbon Fiber-Reinforced Polymers (CFRP) are increasingly adopted in both commercial and military aircraft for their durability and corrosion resistance.
The demand for composites is particularly strong in next-generation aircraft and spacecraft, where the reduction of weight is critical for achieving energy efficiency and payload optimization. This growth is further supported by advancements in composite manufacturing technologies, making production more cost-effective and scalable.
Airframes Application Is Largest Owing to High Material Demand
In the Application segment, Airframes hold the largest share due to their substantial material requirements. Airframes require a combination of metals, composites, and alloys to ensure structural integrity while minimizing weight. Materials used in airframes must also withstand extreme environmental conditions, including high pressure and temperature variations.
The growing production of commercial and military aircraft, coupled with the trend toward lightweight and fuel-efficient designs, drives the dominance of airframes in material consumption. Moreover, advancements in material coatings and treatments are further improving airframe durability and reducing maintenance costs, solidifying this segment's leadership in the market.
Military Aircraft Aircraft Type Is Largest Owing to Rising Defense Investments
Among Aircraft Types, Military Aircraft are the largest segment, supported by substantial global defense budgets and the increasing need for advanced military capabilities. Military aircraft require high-performance materials to ensure durability, stealth, and resistance to extreme operational conditions, including high speeds and varying altitudes.
The demand for materials in this segment is driven by the development of next-generation fighter jets, unmanned aerial vehicles (UAVs), and strategic bombers. Governments worldwide are investing heavily in modernizing their military fleets, leading to sustained growth in the military aircraft subsegment.
North America Is Largest Region Owing to Aerospace and Defense Dominance
North America dominates the aerospace and defense materials market, driven by its leadership in aircraft production and advanced defense capabilities. The presence of key aerospace manufacturers, such as Boeing, Lockheed Martin, and Northrop Grumman, bolsters the region's position. Additionally, the U.S. government's significant investment in both commercial aviation and military modernization programs ensures a steady demand for high-performance materials.
The region's focus on innovation and sustainability further supports its dominance. Research and development efforts aimed at producing lightweight, high-strength materials that meet environmental and operational standards contribute significantly to North America's leadership in this market.
Leading Companies and Competitive Landscape
The Aerospace and Defense Materials Market is characterized by intense competition among key players, including Toray Industries, Inc., Solvay S.A., Hexcel Corporation, Arconic Inc., and DuPont de Nemours, Inc. These companies focus on innovation, sustainability, and strategic partnerships with OEMs to maintain their competitive edge.
With the rising demand for high-performance materials, market leaders are prioritizing advancements in composites, alloys, and polymers. Investments in production capacity expansion and emerging markets, along with efforts to develop eco-friendly materials, are expected to shape the competitive landscape in the coming years.
List of Leading Companies:
- 3M Company
- Arconic Corporation
- ATI Metals
- Carpenter Technology Corporation
- Constellium SE
- DuPont de Nemours, Inc.
- Hexcel Corporation
- Mitsubishi Chemical Corporation
- Owens Corning
- SABIC (Saudi Basic Industries Corporation)
- SGL Carbon SE
- Solvay S.A.
- Spirit AeroSystems Holdings, Inc.
- Teijin Limited
- Toray Industries, Inc.
Recent Developments:
- Hexcel Corporation launched a new composite material optimized for use in next-generation aircraft and unmanned aerial vehicles.
- Solvay partnered with a major aerospace OEM to develop sustainable polymer solutions for advanced aircraft interiors.
- Toray Industries announced the expansion of its carbon fiber manufacturing facility to meet growing aerospace demand.
- DuPont introduced a high-temperature polymer designed for extreme conditions in aerospace propulsion systems.
- SGL Carbon SE collaborated with a defense contractor to innovate ceramic-based armor solutions for military vehicles.
Report Scope:
Report Features |
Description |
Market Size (2023) |
USD 20.8 Billion |
Forecasted Value (2030) |
USD 33.8 Billion |
CAGR (2024 – 2030) |
7.2% |
Base Year for Estimation |
2023 |
Historic Year |
2022 |
Forecast Period |
2024 – 2030 |
Report Coverage |
Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments |
Segments Covered |
Aerospace and Defense Materials Market by Material Type (Composites, Metals, Alloys, Polymers, Ceramics), Application (Airframes, Engines, Interiors, Propulsion Systems, Armor Systems), Aircraft Type (Commercial Aircraft, Military Aircraft, Spacecraft, Helicopters) |
Regional Analysis |
North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) |
Major Companies |
3M Company, Arconic Corporation, ATI Metals, Carpenter Technology Corporation, Constellium SE, DuPont de Nemours, Inc., Mitsubishi Chemical Corporation, Owens Corning, SABIC (Saudi Basic Industries Corporation), SGL Carbon SE, Solvay S.A., Spirit AeroSystems Holdings, Inc. |
Customization Scope |
Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements |
1. Introduction |
1.1. Market Definition |
1.2. Scope of the Study |
1.3. Research Assumptions |
1.4. Study Limitations |
2. Research Methodology |
2.1. Research Approach |
2.1.1. Top-Down Method |
2.1.2. Bottom-Up Method |
2.1.3. Factor Impact Analysis |
2.2. Insights & Data Collection Process |
2.2.1. Secondary Research |
2.2.2. Primary Research |
2.3. Data Mining Process |
2.3.1. Data Analysis |
2.3.2. Data Validation and Revalidation |
2.3.3. Data Triangulation |
3. Executive Summary |
3.1. Major Markets & Segments |
3.2. Highest Growing Regions and Respective Countries |
3.3. Impact of Growth Drivers & Inhibitors |
3.4. Regulatory Overview by Country |
4. Aerospace And Defense Materials Market, by Material Type (Market Size & Forecast: USD Million, 2022 – 2030) |
4.1. Composites |
4.2. Metals |
4.3. Alloys |
4.4. Polymers |
4.5. Ceramics |
4.6. Others |
5. Aerospace And Defense Materials Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030) |
5.1. Airframes |
5.2. Engines |
5.3. Interiors |
5.4. Propulsion Systems |
5.5. Armor Systems |
5.6. Others |
6. Aerospace And Defense Materials Market, by Aircraft Type (Market Size & Forecast: USD Million, 2022 – 2030) |
6.1. Commercial Aircraft |
6.2. Military Aircraft |
6.3. Spacecraft |
6.4. Helicopters |
6.5. Others |
7. Aerospace And Defense Materials Market, by End-Use Industry (Market Size & Forecast: USD Million, 2022 – 2030) |
7.1. Aerospace |
7.2. Defense |
7.3. Space Exploration |
8. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030) |
8.1. Regional Overview |
8.2. North America |
8.2.1. Regional Trends & Growth Drivers |
8.2.2. Barriers & Challenges |
8.2.3. Opportunities |
8.2.4. Factor Impact Analysis |
8.2.5. Technology Trends |
8.2.6. North America Aerospace And Defense Materials Market, by Material Type |
8.2.7. North America Aerospace And Defense Materials Market, by Application |
8.2.8. North America Aerospace And Defense Materials Market, by Aircraft Type |
8.2.9. North America Aerospace And Defense Materials Market, by End-Use Industry |
8.2.10. By Country |
8.2.10.1. US |
8.2.10.1.1. US Aerospace And Defense Materials Market, by Material Type |
8.2.10.1.2. US Aerospace And Defense Materials Market, by Application |
8.2.10.1.3. US Aerospace And Defense Materials Market, by Aircraft Type |
8.2.10.1.4. US Aerospace And Defense Materials Market, by End-Use Industry |
8.2.10.2. Canada |
8.2.10.3. Mexico |
*Similar segmentation will be provided for each region and country |
8.3. Europe |
8.4. Asia-Pacific |
8.5. Latin America |
8.6. Middle East & Africa |
9. Competitive Landscape |
9.1. Overview of the Key Players |
9.2. Competitive Ecosystem |
9.2.1. Level of Fragmentation |
9.2.2. Market Consolidation |
9.2.3. Product Innovation |
9.3. Company Share Analysis |
9.4. Company Benchmarking Matrix |
9.4.1. Strategic Overview |
9.4.2. Product Innovations |
9.5. Start-up Ecosystem |
9.6. Strategic Competitive Insights/ Customer Imperatives |
9.7. ESG Matrix/ Sustainability Matrix |
9.8. Manufacturing Network |
9.8.1. Locations |
9.8.2. Supply Chain and Logistics |
9.8.3. Product Flexibility/Customization |
9.8.4. Digital Transformation and Connectivity |
9.8.5. Environmental and Regulatory Compliance |
9.9. Technology Readiness Level Matrix |
9.10. Technology Maturity Curve |
9.11. Buying Criteria |
10. Company Profiles |
10.1. 3M Company |
10.1.1. Company Overview |
10.1.2. Company Financials |
10.1.3. Product/Service Portfolio |
10.1.4. Recent Developments |
10.1.5. IMR Analysis |
*Similar information will be provided for other companies |
10.2. Arconic Corporation |
10.3. ATI Metals |
10.4. Carpenter Technology Corporation |
10.5. Constellium SE |
10.6. DuPont de Nemours, Inc. |
10.7. Hexcel Corporation |
10.8. Mitsubishi Chemical Corporation |
10.9. Owens Corning |
10.10. SABIC (Saudi Basic Industries Corporation) |
10.11. SGL Carbon SE |
10.12. Solvay S.A. |
10.13. Spirit AeroSystems Holdings, Inc. |
10.14. Teijin Limited |
10.15. Toray Industries, Inc. |
11. Appendix |
A comprehensive market research approach was employed to gather and analyze data on the Aerospace and Defense Materials Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Aerospace and Defense Materials Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.
Secondary Research
Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.
Primary Research
Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the Aerospace and Defense Materials ecosystem. The primary research objectives included:
- Validating findings and assumptions derived from secondary research
- Gathering qualitative and quantitative data on market trends, drivers, and challenges
- Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
- Assessing the supply-side landscape, including technological advancements and recent developments
Market Size Assessment
A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Aerospace and Defense Materials Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:
- Identification of key industry players and relevant revenues through extensive secondary research
- Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
- Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources
Data Triangulation
To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.
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