India Aerospace And Defense Materials Market Size & Outlook
India aerospace and defense materials market, 2018-2030 (US$M)
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India aerospace and defense materials market highlights
- The India aerospace and defense materials market generated a revenue of USD 261.0 million in 2023 and is expected to reach USD 411.9 million by 2030.
- The India market is expected to grow at a CAGR of 6.7% 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 261.0 million |
| Market revenue in 2030 | USD 411.9 million |
| Growth rate | 6.7% (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, India accounted for 1.3% 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 Asia Pacific, China aerospace and defense materials market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 480.9 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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India 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 45.1% in 2023. Horizon Databook has segmented the India 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.
The Indian aerospace and defense industry is currently witnessing a significant growth on the back of rising defense expenditure by the Indian government and the growth of the civil aviation sector. The passenger traffic has increased tremendously in the past five years at a rate of 15 percent annually.
Furthermore, the number of international travelers from India has also witnessed a notable increase in the recent past, which indicates a positive growth outlook for airline services in India in the near future. These factors are expected to pose high growth opportunities for aerospace and defense materials over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the India aerospace and defense materials market , including forecasts for subscribers. This country databook contains high-level insights into India aerospace and defense materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India aerospace and defense materials market size, by material, 2018-2030 (US$M)
India Aerospace And Defense Materials Market Outlook Share, 2023 & 2030 (US$M)
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