Dublin, Dec. 30, 2024 (GLOBE NEWSWIRE) -- The "Aerostructure Materials Market Size, Share & Trends Analysis Report By Material (Composites, Alloys & Super Alloys), By End-use (Commercial, Unmanned Aerial Vehicles, Business & General Aviation), By Region, And Segment Forecasts, 2024 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global aerostructure materials market size was estimated at USD 82.63 billion in 2023 and is projected to grow at a CAGR of 7.2% from 2024 to 2030
This growth is attributed to the increasing preference for sustainable and efficient aerostructure to decrease the overall weight of an aircraft and reduce fuel consumption. Additionally, the growing number of regulations and standards to reduce carbon emissions is further increasing aircraft manufacturers' inclination toward eco-friendly aerostructure materials, thereby, fueling the market growth. 
The market is also witnessing increased demand for aircraft globally, which is driving product growth. Growing demand for aircraft is based on rising passenger traffic, increased per capita income of consumers, and increasing trend of cargo transport. Additionally, increased defense budgets and modernization programs boost the demand for advanced military aircraft. Furthermore, technological advancement in terms of material and manufacturing processes, such as the use of composites and 3D printing is resulting in cost reduction and enhanced performance. Thereby, proving new opportunities to the market.
Advanced materials and manufacturing techniques for aerostructure materials production can be expensive. Moreover, compliance with stringent aviation safety and environmental regulations can further increase costs and complexity for manufacturers. These factors can limit the adoption of this product among small-scale manufacturers.
However, the development and adoption of electric and hybrid-electric aircraft are expected to attract new opportunities for innovative Aerostructure Materials. Increasing demand for maintenance, repair, and overhaul (MRO) services for existing fleets can drive growth in the aftermarket segment. In addition to this, increasing focus on sustainability and green aviation can drive demand for eco-friendly materials and designs in the sector.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
Companies Featured
- AAR Corporation
- AIRBUS
- Spirit Aerosystems, Inc.
- Collins Aerospace
- Saab
- SAFRAN
- FACC AG
- ST Engineering
- Kaman Corporation
- GKN AEROSPACE
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 109 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $82.63 Billion |
| Forecasted Market Value (USD) by 2030 | $133.38 Billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook, 2023 (USD Million)
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Aerostructure Materials Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Aerostructure Materials Market - Value Chain Analysis
3.3. Aerostructure Materials Market - Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunity Analysis
3.3.4. Market Challenge Analysis
3.4. Regulatory Framework
3.5. Aerostructure Materials Market - Business Environment Analysis
3.5.1. PESTLE Analysis
3.5.2. Porter's Five Forces Analysis
3.6. Market Disruption Analysis
Chapter 4. Aerostructure Materials Market: Material Estimates & Trend Analysis
4.1. Key Takeaways
4.2. Material Movement Analysis & Market Share, 2023 & 2030
4.3. Aerostructure Materials Market By Material, 2018 - 2030 (USD Million)
4.4. Composites
4.4.1. Composite Aerostructure Materials Market Estimates & Forecasts, 2018 & 2030 (USD Million)
4.5. Alloys & Super Alloys
4.6. Metals
Chapter 5. Aerostructure Materials Market: End Use Estimates & Trend Analysis
5.1. Key Takeaways
5.2. End Use Movement Analysis & Market Share, 2023 & 2030
5.3. Aerostructure Materials Market By End Use, 2018 - 2030 (USD Million)
5.4. Commercial
5.5. Military
5.6. Unmanned Aerial Vehicles
5.7. Business & General Aviation
5.8. Advanced Air Mobility
Chapter 6. Aerostructure Materials Market: Regional Estimates & Trend Analysis
6.1. Key Takeaways
6.2. Regional Market Share Analysis, 2023 & 2030
6.3. Market Estimates & Forecasts by Region, 2018 - 2030 (USD Million)
Chapter 7. Supplier Intelligence
7.1. Kraljic Matrix
7.2. Engagement Model
7.3. Negotiation Strategies
7.4. Sourcing Best Practices
7.5. Vendor Selection Criteria
7.6. List of Raw Material Suppliers
Chapter 8. Competitive Analysis
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company Categorization
8.3. Company Market Positioning
8.4. Company Heat Map Analysis
8.5. Company Listings
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
For more information about this report visit https://www.researchandmarkets.com/r/il5hh1
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