Global Aerospace And Defense Materials Market Size & Outlook
Global aerospace and defense materials market, 2018-2030 (US$M)
Related Markets
Global aerospace and defense materials market highlights
- The global aerospace and defense materials market generated a revenue of USD 19,548.3 million in 2023 and is expected to reach USD 27,996.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.3% by 2030.
- In terms of segment, composites accounted for a revenue of USD 7,911.3 million in 2023.
- Titanium is the most lucrative material segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 19,548.3 million |
| Market revenue in 2030 | USD 27,996.7 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Titanium |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aluminum, Titanium, Composites, Superalloys, Steel, Plastics |
Other key industry trends
- In terms of revenue, the North America accounted for 55.5% of the global aerospace and defense materials market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 85.1 million by 2030.
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Aerospace And Defense Materials Market Scope
Aerospace And Defense Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global aerospace and defense materials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace and defense materials market will help companies and investors design strategic landscapes.
Composites was the largest segment with a revenue share of 40.47% in 2023. Horizon Databook has segmented the Global aerospace and defense materials market based on aluminum, titanium, composites, superalloys, steel, plastics covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Aerospace And Defense Materials Material Outlook (Revenue, USD Million, 2018-2030)
- Aluminum
- Titanium
- Composites
- Superalloys
- Steel
- Plastics
- Others
- Global Aerospace And Defense Materials Aircrft Part Outlook (Revenue, USD Million, 2018-2030)
- Aersostructure
- Part
- Cabin Interiors
- Propulsion System
- Equipment, System, and Support
- Satellites
- Construction & Insulation Part
- Global Aerospace And Defense Materials Aircraft Type Outlook (Revenue, USD Million, 2018-2030)
- Commercial
- Business & General Aviation
- Millitary
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global aerospace and defense materials market , including forecasts for subscribers. This global databook contains high-level insights into Global aerospace and defense materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global aerospace and defense materials market size, by regions, 2018-2030 (US$M)
Top 10 countries: Aerospace and defense materials market size, 2023 (US$M)
Global aerospace and defense materials market share, by material, 2023 & 2030 (%, US$M)
Aerospace and defense materials market: Opportunity assessment by country
Global aerospace and defense materials market, by region, 2023 (US$M)
| Material | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 11,235.8 | 11,632.5 | 8,305.8 | 8,776.5 | 10,420.7 | 10,841.7 | 11,301.1 | 11,797.7 | 12,336.1 | 12,923.9 | 13,569.7 | 14,287.5 | 15,081.9 | 4.8% |
| Europe | 4,825.6 | 5,003.4 | 3,626.1 | 3,806.3 | 4,562.3 | 4,755.7 | 4,964.7 | 5,191.3 | 5,438.6 | 5,710.4 | 6,012.5 | 6,346.8 | 6,715.5 | 5.1% |
| Asia Pacific | 2,745.1 | 2,846.3 | 2,062.7 | 2,176.2 | 2,616.1 | 2,779.4 | 2,957.1 | 3,151.2 | 3,364.4 | 3,599.7 | 3,862.2 | 4,154.2 | 4,478.6 | 7.1% |
| Latin America | 217.1 | 222.5 | 156.7 | 164.0 | 194.7 | 201.3 | 208.9 | 217.5 | 226.7 | 236.2 | 246.1 | 256.6 | 267.9 | 4.2% |
| MEA | 982.6 | 1,027.7 | 737.5 | 776.1 | 928.6 | 970.1 | 1,015.3 | 1,063.9 | 1,127.8 | 1,198.9 | 1,276.3 | 1,360.5 | 1,452.8 | 5.9% |
| Overall | 20,006.1 | 20,732.4 | 14,888.8 | 15,699.1 | 18,722.4 | 19,548.3 | 20,447.2 | 21,421.5 | 22,493.5 | 23,669.1 | 24,966.6 | 26,405.6 | 27,996.7 | 5.3% |
Related regional statistics
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