Czech Republic Aerospace And Defense Materials Market Size & Outlook
Czech Republic aerospace and defense materials market, 2018-2030 (US$M)
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Czech Republic aerospace and defense materials market highlights
- The Czech Republic aerospace and defense materials market generated a revenue of USD 152.4 million in 2023 and is expected to reach USD 219.0 million by 2030.
- The Czech Republic market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, composites was the largest revenue generating material in 2023.
- Titanium is the most lucrative material segment registering the fastest growth during the forecast period.
Aerospace and defense materials market data book summary
| Market revenue in 2023 | USD 152.4 million |
| Market revenue in 2030 | USD 219.0 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Titanium |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aluminum, Titanium, Composites, Superalloys, Steel, Plastics |
| Key market players worldwide | Huntsman Corp, Toray Industries Inc, Arconic, Kobe Steel Ltd, Allegheny & Western Railway, Cytec Industries, Hexcel Corp, Novelis, Constellium SE Class A, SGL Group, Thyssenkrupp AG, Formosa Plastics Group, Teijin Ltd, Strata Investment Holdings plc, VSMPO-AVISMA |
Other key industry trends
- In terms of revenue, Czech Republic accounted for 0.8% of the global aerospace and defense materials market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK aerospace and defense materials market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 267.8 million by 2030.
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Aerospace And Defense Materials Market Scope
Aerospace And Defense Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
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Czech Republic 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 57.48% in 2023. Horizon Databook has segmented the Czech Republic 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.
Aerospace & defense industry in the Czech Republic has witnessed substantial growth in the last decade with country’s economic growth as local companies have contributed to both domestic and international projects.
The industry provides cutting-edge technology, which enables the international expansion of regional players. Strong investments in research by manufacturers leading to development of advanced composites and the entry of major international aerospace companies in recent years, such as GE Aviation, Bell Helicopter and Honeywell have spurred the overall market growth.
Continued investments in research by manufacturers, particularly in carbon fiber composites, to decrease aircraft weight and increase its efficiency are expected to propel the demand for aerospace materials in the Czech Republic.
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Our clientele includes a mix of aerospace and defense materials market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Czech Republic aerospace and defense materials market , including forecasts for subscribers. This country databook contains high-level insights into Czech Republic aerospace and defense materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Czech Republic aerospace and defense materials market size, by material, 2018-2030 (US$M)
Czech Republic Aerospace And Defense Materials Market Outlook Share, 2023 & 2030 (US$M)
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