Aerospace And Defense Materials Market To Reach $27.99 Billion By 2030

Aerospace And Defense Materials Market Growth & Trends

The global aerospace and defense materials market size is estimated to reach USD 27.99 billion by 2030, registering to grow at a CAGR of 5.5% from 2025 to 2030 according to a new report by Grand View Research, Inc. Increasing investment in modernization along with expansion of combat aircraft fleet in countries, such as India and China is expected to drive the growth.

The market is expected to benefit from the strong demand for aircraft in the foreseeable future. The number of commercial and cargo fleets around the world is expected to double over the forecast period. The huge surge in passenger and freight traffic is also anticipated to contribute significantly to the increase in aircraft production and demand for aerospace & defense materials.

The aerospace & defense industry has been a long-term promoting factor for the development and application of advanced materials. Leading manufacturers are increasingly adopting a variety of advance materials such as carbon fiber composites and titanium alloys. These materials play an important role in reducing the overall weight and increasing fuel efficiency of an aircraft.

The market players often enter into long-term supply contracts with aircraft manufacturers. The material manufacturers provide highly customized solutions to the component and aircraft manufacturer. Aircraft manufacturers are often involved in monitoring the materials throughout the value chain from design to component manufacturing to ensure the quality.

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Aerospace And Defense Materials Market Report Highlights

• Titanium is expected to have the fastest growth rate of 6.2%, in terms of revenue, over the forecast period owing to its exceptional compatibility with composites.

• The aerostructure segment accounted for the largest market revenue share of 51.5% in 2024. According to the International Air Transport Association (IATA), passenger numbers are expected to double over the next two decades.

• Commercial aircraft accounted for 55.1% of the overall revenue in 2024, owing to the tremendous growth in commercial passenger and freight traffic, coupled with improved trade relations worldwide.

• North America held the largest revenue share with 55.3% in 2024, owing to the presence of huge aircraft parts manufacturing industry in the region

• Major market players focus on mergers and acquisitions to expand their business and technological capabilities. They prioritize R&D of low cost materials that provide high strength

Aerospace And Defense Materials Market Segmentation

Grand View Research has segmented the global aerospace and defense materials market based on material, aircraft parts, application, and region:

Aerospace And Defense Materials Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Aluminum

• Titanium

• Composites

• Superalloys

• Steel

• Plastic

• Others

Aerospace And Defense Materials Aircraft Parts Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Aerostructure

• Components

• Cabin Interiors

• Propulsion System

• Equipment, System, & Support

• Satellites

• Construction & Insulation Components

Aerospace And Defense Materials Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Commercial

• Business & General Aviation

• Military

• Others

Aerospace And Defense Materials Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Czech Republic

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players in Aerospace And Defense Materials Market

• Huntsman International LLC

• Toray Composites America, Inc.

• VSMPO-AVISMA

• Arconic Inc.

• Kobe Steel, Ltd

• Allegheny Technologies

• Cytec Solvay Group

• Hexcel Corporation

• Novelis

• Constellium N.V

• SGL Carbon

• thyssenkrupp Aerospace

• Formosa Plastics Corporation, U.S.A

• Strata Manufacturing PJSC

• Teijin Limited