Japan Aerospace And Defense Materials Market Size & Outlook
Japan aerospace and defense materials market, 2018-2030 (US$M)
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Japan aerospace and defense materials market highlights
- The Japan aerospace and defense materials market generated a revenue of USD 581.6 million in 2023 and is expected to reach USD 904.9 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.5% 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 581.6 million |
| Market revenue in 2030 | USD 904.9 million |
| Growth rate | 6.5% (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, Japan accounted for 3.0% 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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Japan 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 45.86% in 2023. Horizon Databook has segmented the Japan 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 market for aerospace materials in Japan is characterized by the presence of a large number of aircraft manufacturers and huge investment in research & development, along with high levels of military research investment for the development of specialized and advanced factors in airplane design, which is likely to boost the demand for aerospace & defense materials over the forecast period.
Major aerospace manufacturers in Japan such as Mitsubishi Heavy Industries (MHI), Kawasaki Heavy Industries (KHI), and Fuji Heavy Industries (FHI) supply aircraft parts for the Boeing 787 and Boeing 777.
Thus, aircraft parts manufacturing for commercial aircraft is influenced by the demand for Boeing aircrafts. The market has witnessed an increase in the entry of new players in the defense sector with the 50-year ban on exports of military equipment being lifted in 2014.
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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 Japan aerospace and defense materials market , including forecasts for subscribers. This country databook contains high-level insights into Japan aerospace and defense materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan aerospace and defense materials market size, by material, 2018-2030 (US$M)
Japan Aerospace And Defense Materials Market Outlook Share, 2023 & 2030 (US$M)
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