Aerospace & Defense Materials Market by Material (Titanium Alloys, Aluminum Alloys, Composites, Super Alloys, Steel, Others), by Aircraft (Commercial, Military, Business & General Aviation, Others), by By Geography (North America, Europe, Asia-Pacific, Latin America, The Middle East & Africa) Forecast 2024-2032
The Aerospace & Defense Materials Market size was valued at USD 18,411.83 USD Million in 2023 and is projected to reach USD 81,212 USD Million by 2032, exhibiting a CAGR of 5.1 % during the forecast period. Aerospace and defense materials which are very special type of materials used in the manufacturing technique of aircraft, spacecraft, missiles, defense vehicles and other activities related to defense. Therefore, these materials will be chosen based on their original properties, which will enable the aerospace and defense products to operate in a wide range of conditions related to their structural features such as lightweight construction, high strength, durability, heat resistance and corrosion and fatigue resistance. Metals like aluminium, titanium and steel alloys regularly serve the aerospace and defense industries as a result of high strength as compared to weight, rigidity as well as toughness. There are advanced thermal protection nozzles developed for use under conditions of high speeds and extreme temperatures during the re-entry of spacecraft and hypersonic vehicles into the Earth's atmosphere.
Material:
Aircraft:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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