Visiongain has published a new report entitled Advanced Materials in Aerospace and Defence Report 2024-2034: Forecasts by Industry (Defence, Aerospace), by Defence Industry (Avionics Materials, Laser & Microwave Communications, Optical Systems, Photonics Lasers, Thermal Imaging, Weapon Systems), by Aerospace Industry (High Performance Alloys, Metal Matrix Composites, Precision Optics, Aerospace Coatings), by End-use (Structures & Components, Propulsion System & Equipment, Other), by Type (Nanomaterials, Metamaterials, Biomemtic Materials, Multi-functional Materials, Energy Storage & Generation Materials) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies.

The global advanced materials in aerospace and defence market is estimated to surpass US$20.0 billion in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period 2024-2034.

Aerospace industry segment holds the majority share in the global advanced materials in aerospace and defence market, owing to advancements in composite materials, such as carbon fiber-reinforced polymers, and the adoption of superalloys like GRX-810, which offer superior thermal stability and durability.

The push for more sustainable and cost-effective solutions has led to innovations in aluminum alloys like Aheadd®, providing enhanced thermal properties and potential for replacing heavier metals. Additionally, the integration of advanced materials in unmanned aerial vehicles (UAVs) and next-generation fighter jets further propels market growth. Moreover, government investments in defense modernization programs and increased R&D activities by leading aerospace companies are also significant contributors to the expansion of advanced materials in the defense sector.

How will this Report Benefit you?

Visiongain’s 350-page report provides 138 tables and 209 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the advanced materials in aerospace and defence market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for Advanced Materials in Aerospace and Defence. Get financial analysis of the overall market and different segments and capture higher market share. We believe that there are strong opportunities in this fast-growing advanced materials in aerospace and defence market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.

What are the Current Market Drivers?

Increasing Demand for Lightweight Solutions

The aerospace and defence sectors prioritize weight reduction to improve fuel efficiency, increase payload capacity, and enhance overall performance. Advanced materials like composites, carbon fibre-reinforced polymers (CFRP), and titanium alloys offer superior strength-to-weight ratios compared to conventional steel and aluminum. Lightweight materials are essential in aerospace, as even small weight reductions can have a considerable impact on fuel consumption and operational expenses.

For instance, in June 2023 – Solvay, a global leader in polymer and composite materials, has entered a long-term agreement with Zotefoams, the world’s largest manufacturer of lightweight cross-linked polyolefin block foams and a specialist in innovative technical foams, for the supply of Solef® polyvinylidene fluoride (PVDF). Solef® will be utilized in Zotefoams’ ZOTEK® F high-performance closed-cell crosslinked aerospace foam range. This collaboration aims to address various interior applications in aerospace, including ducting, carpet underlay, environmental control systems, and insulation, prioritizing low weight, high flame retardancy, and cost-effective processability.

Growing Demand for Highly Precise Advanced Materials in the Aerospace Market

The demand for highly precise, complex materials in the aerospace industry is driven by several factors. Sophisticated aircraft designs require materials that enable precise dimensional control and reliable performance, enhancing aerodynamics, structural integrity, and overall efficiency. Advancements in manufacturing techniques, such as automated machining and additive manufacturing (3D printing), necessitate materials that can be accurately crafted and tailored to specific design specifications.

The need for maintaining accurate and repeatable production processes further fuels the demand for advanced materials with high accuracy. For instance, in March 2024, 3DEO, based in Los Angeles, California, announced a strategic partnership and investment with IHI Aerospace Co., Ltd. (IA) of Koutou-ku, Japan. This multi-phase deal aims to enhance the adoption and application of Additive Manufacturing (AM) technologies within IA, integrating advanced AM capabilities with the precision and tradition of Japan’s aerospace manufacturing sector.

Where are the Market Opportunities?

Graphene and Metamaterials offer New Possibilities for Enhancing the Performance of Aerospace and Defence Systems

The aerospace and defence sectors are witnessing ground-breaking advancements in advanced materials, reshaping the design and production of aircraft, spacecraft, and military equipment. Composite materials, exemplified by carbon fibre reinforced polymers (CFRP), offer superior strength-to-weight ratios and corrosion resistance, finding applications in aircraft structures and armour protection. Nanotechnology introduces nanocomposites and nanocoating, enhancing mechanical properties and surface functionalities.

Smart materials like shape memory alloys (SMA) enable adaptive structures, while metamaterials manipulate waves for cloaking and sensing applications. For example, META® pioneers previously unattainable performance levels across various applications through the invention, design, development, and manufacturing of sustainable, high-performance functional materials, components, and systems. Leveraging our extensive technology platform, we empower leading global brands to introduce ground-breaking products to their customers in diverse sectors such as consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy.

Competitive Landscape

The advanced materials in aerospace and defence market is highly competitive, with major players including Arconic Corporation, ATI Inc., Constellium SE, Cytec Solvay Group, Formosa Plastics Corporation, U.S.A., H l Corporation, Huntsman Corporation, Kobe Steel, Ltd., Novelis Inc., SGL Carbon SE, Strata Manufacturing PJSC, Teijin Limited, ThyssenKrupp AG, Toray Composite Materials America, Inc., and VSMPO-AVISMA Corporation. These leading companies are adopting various strategies such as mergers & acquisitions, partnerships, and product launches to expand their market presence and offer innovative security solutions to their customers.

Notes for Editors

If you are interested in a more detailed overview of this report, please send an e-mail to contactus@visiongain.com or call +44 207 336 6100.

About Visiongain

Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

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