South Africa Aerospace And Defense Materials Market Size & Outlook
South Africa aerospace and defense materials market, 2018-2030 (US$M)
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South Africa aerospace and defense materials market highlights
- The South Africa aerospace and defense materials market generated a revenue of USD 172.6 million in 2023 and is expected to reach USD 249.2 million by 2030.
- The South Africa 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.
- 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 172.6 million |
| Market revenue in 2030 | USD 249.2 million |
| Growth rate | 5.4% (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, South Africa 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 Middle East & Africa, South Africa aerospace and defense materials market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 249.2 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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South Africa 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 37.6% in 2023. Horizon Databook has segmented the South Africa 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 aerospace and defense industry in South Africa includes manufacturers of dual-use products that are used in both commercial and defense aircrafts and companies that are engaged in the production of defense equipment using civilian technology.
The development of technology and technical skills in aerospace and defense sector is a major driver, leading to the development of aerospace materials.
Development of the technological innovations and advancement required for manufacturing aircrafts is estimated to drive the production of aircrafts, which is likely to have a positive effect on the aerospace & defense materials market over the forecast period.
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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 South Africa aerospace and defense materials market , including forecasts for subscribers. This country databook contains high-level insights into South Africa aerospace and defense materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa aerospace and defense materials market size, by material, 2018-2030 (US$M)
South Africa Aerospace And Defense Materials Market Outlook Share, 2023 & 2030 (US$M)
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