Italy Aerospace And Defense Materials Market Size & Outlook
Italy aerospace and defense materials market, 2018-2030 (US$M)
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Italy aerospace and defense materials market highlights
- The Italy aerospace and defense materials market generated a revenue of USD 183.3 million in 2023 and is expected to reach USD 267.8 million by 2030.
- The Italy market is expected to grow at a CAGR of 5.6% 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 183.3 million |
| Market revenue in 2030 | USD 267.8 million |
| Growth rate | 5.6% (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, Italy accounted for 0.9% 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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Italy 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 42.61% in 2023. Horizon Databook has segmented the Italy 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.
Italy boasts of a large aerospace and defense industry, ranks among top 10 in the world and the 4th largest in Europe, at present. Aerospace and defense industry is the largest manufacturing sector in Italy and is significant in terms of innovation as well as technological advancements.
Italy is a major global player and retains a leading edge in niche technologies in the production of commercial and military aircraft, business jets, unmanned aerial vehicles (UAVs), and design and assembly of various aircraft parts made of aluminum, titanium, and composites.
Aerospace and defense material market in Italy faces economic challenges due to the country’s high fiscal debt, which has forced the government to significantly reduce public expenditure. This has placed constraints on the country’s military expenditure and reduced the spending on the procurement of defense aircraft and equipment.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy aerospace and defense materials market , including forecasts for subscribers. This country databook contains high-level insights into Italy aerospace and defense materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy aerospace and defense materials market size, by material, 2018-2030 (US$M)
Italy Aerospace And Defense Materials Market Outlook Share, 2023 & 2030 (US$M)
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