UK Aerospace And Defense Materials Market Size & Outlook
UK aerospace and defense materials market, 2018-2030 (US$M)
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UK aerospace and defense materials market highlights
- The UK aerospace and defense materials market generated a revenue of USD 1,310.8 million in 2023 and is expected to reach USD 1,833.5 million by 2030.
- The UK market is expected to grow at a CAGR of 4.9% 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 1,310.8 million |
| Market revenue in 2030 | USD 1,833.5 million |
| Growth rate | 4.9% (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, UK accounted for 6.7% 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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UK 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 39.6% in 2023. Horizon Databook has segmented the UK 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.
Aerospace and defense industry plays a vital role in the UK’s economy, demonstrating the country’s position as a technological power. With the rise in production rate and new records for aircraft deliveries, the industry is poised for growth over the forecast period.
The industry is expected to witness growth due to an increase in defense spending in the wake of recent attacks. Increased demand for military aircraft from the Middle East due to growing terrorist threats is expected to boost the aircraft production, resulting into increased product demand.
The UK has invested in innovation and built on its deep-rooted institutional knowledge to ensure that it is home to a highly developed aerospace sector, enabling it to attract investments both domestically and internationally on high-value work packages.
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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 UK aerospace and defense materials market , including forecasts for subscribers. This country databook contains high-level insights into UK aerospace and defense materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK aerospace and defense materials market size, by material, 2018-2030 (US$M)
UK Aerospace And Defense Materials Market Outlook Share, 2023 & 2030 (US$M)
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