Germany Aerospace And Defense Materials Market Size & Outlook
Germany aerospace and defense materials market, 2018-2030 (US$M)
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Germany aerospace and defense materials market highlights
- The Germany aerospace and defense materials market generated a revenue of USD 874.2 million in 2023 and is expected to reach USD 1,265.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, composites was the largest revenue generating material in 2023.
- Composites 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 874.2 million |
| Market revenue in 2030 | USD 1,265.4 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Composites |
| 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, Germany accounted for 4.5% 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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Germany 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 41.86% in 2023. Horizon Databook has segmented the Germany 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.
Germany is one of the major markets in Europe for manufacturers of aerospace & defense materials owing to growing innovation, competence, and technological support offered by the key players.
In addition, the economy is expected to record highest flow of foreign direct investments, boosting the aerospace production industry, thereby increasing the demand for aerospace materials over the forecast period.
Rising penetration of composite materials in aerospace & defense materials market in Germany, due to the ascending demand for lightweight materials among aircraft manufacturers, is expected to drive the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany aerospace and defense materials market , including forecasts for subscribers. This country databook contains high-level insights into Germany aerospace and defense materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany aerospace and defense materials market size, by material, 2018-2030 (US$M)
Germany Aerospace And Defense Materials Market Outlook Share, 2023 & 2030 (US$M)
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