In today’s rapidly advancing aerospace industry, the selection and utilization of advanced materials play a crucial role in the design, development, and performance of aircraft and spacecraft. Understanding the trends and statistics within the aerospace materials industry is essential for engineers, manufacturers, and researchers aiming to innovate and stay competitive in this dynamic field. In this blog post, we will delve into the key statistics and insights shaping the aerospace materials industry, providing valuable insights for industry professionals and enthusiasts alike.
The Latest Aerospace Materials Industry Statistics Explained
Global aerospace materials market size was pegged at $25.80 billion in 2017 and is anticipated to reach $36.85 billion in 2025.
The statistic indicates that the global aerospace materials market was valued at $25.80 billion in 2017 and is projected to increase to $36.85 billion by 2025. This suggests a compound annual growth rate (CAGR) over the forecast period. The growth in the aerospace materials market can be attributed to various factors such as the increasing demand for new aircraft, advancements in technology leading to lightweight and high-performance materials, and the expansion of the aerospace industry globally. This growth trend reflects the ongoing investments in research and development within the aerospace sector, highlighting opportunities for material suppliers and manufacturers to capitalize on the rising demand for innovative materials in aircraft production.
In 2018, the aluminium segment dominated the global aerospace materials market by contributing around 35.8% of the global share.
The statistic indicates that in 2018, the aluminium segment played a major role in the global aerospace materials market, accounting for approximately 35.8% of the total market share. This dominance highlights the significant usage and preference for aluminium in the aerospace industry due to its desirable properties such as lightweight, corrosion resistance, and strong structural integrity. The high contribution of the aluminium segment signifies its widespread utilization in various aerospace applications, including aircraft manufacturing, components, and structural elements. Overall, the statistic suggests that aluminium is a key player in the aerospace materials market, underscoring its importance and influence in the industry.
Composites are expected to register the fastest growth in the materials industry of 5.4% during 2019-2025.
The statistic suggests that composites, a type of material consisting of two or more separate components combined to create a new material with enhanced properties, are projected to experience substantial growth in the materials industry between 2019 and 2025. The expected growth rate of 5.4% indicates that composites are anticipated to outperform other materials such as metals, plastics, and ceramics during this period. This growth could be driven by various factors, including increasing demand for lightweight and high-performance materials in industries such as aerospace, automotive, and construction. The strong growth forecast for composites highlights their growing importance and potential for widespread adoption across different sectors in the coming years.
North America is anticipated to grow at a CAGR of 3.7% from 2016 to 2024 in aerospace materials industry.
This statistic indicates that the aerospace materials industry in North America is expected to experience a Compound Annual Growth Rate (CAGR) of 3.7% from 2016 to 2024. This growth rate suggests a steady and consistent increase in the demand for aerospace materials and products within the North American market over the specified time period. Factors contributing to this anticipated growth may include advancements in technology, increasing investments in the aerospace sector, and a rising demand for more efficient and innovative aerospace materials. This statistic reflects a positive outlook for the aerospace materials industry in North America, highlighting potential opportunities for businesses and investors in the region.
Aerospace materials – advanced composites anticipate to grow from roughly $8.5 billion in 2015 to nearly $11.2 billion by 2020.
The statistic indicates that the market value of advanced composites used in aerospace materials is projected to increase from $8.5 billion in 2015 to nearly $11.2 billion by 2020. This growth suggests a positive trend in the aerospace industry, demonstrating an increasing demand for advanced composites due to their superior properties such as high strength-to-weight ratio, corrosion resistance, and flexibility in design. The anticipated growth also reflects advancements in technology and manufacturing processes, as well as the ongoing emphasis on developing lightweight and fuel-efficient aircraft. Overall, this statistic highlights the potential for significant expansion and innovation within the aerospace materials sector in the coming years.
Asia-Pacific aerospace materials market is expected to reach $6.6 billion by 2025.
The statistic ‘Asia-Pacific aerospace materials market is expected to reach $6.6 billion by 2025’ indicates the projected size of the aerospace materials market in the Asia-Pacific region by the year 2025. This forecast suggests a significant growth opportunity in the aerospace industry within the Asia-Pacific region, driven by factors such as increasing demand for air travel, expanding aerospace manufacturing activities, and technological advancements in aerospace materials. The projected market value of $6.6 billion signifies the potential revenue and investment opportunities available in this sector, highlighting the region’s promising prospects for aerospace material suppliers, manufacturers, and other stakeholders in the coming years.
The commercial aircraft segment accounted for the largest share of the aerospace materials market in 2019.
This statistic indicates that in 2019, the commercial aircraft segment represented the largest portion of the aerospace materials market as compared to other segments such as military aircraft, spacecraft, and others. This suggests that the demand for materials used in commercial aircraft manufacturing, such as aluminum, titanium, composite materials, and alloys, was higher than those needed for other aerospace applications. The dominance of the commercial aircraft segment in the aerospace materials market highlights the significance of the commercial aviation sector in driving the overall demand and consumption of materials within the aerospace industry, reflecting the robustness and growth potential of this particular market segment.
The market for aerospace materials is expected to grow at a CAGR of around 6.22% during the forecast period of 2020 – 2025.
This statistic indicates that the market for aerospace materials is projected to exhibit a Compound Annual Growth Rate (CAGR) of approximately 6.22% over the period from 2020 to 2025. The CAGR reflects the smooth growth rate that would have been necessary for the market to reach its forecasted size if it had grown at a steady rate. This growth rate suggests that there is a positive outlook for the aerospace materials industry, with increasing demand and opportunities for expansion expected in the coming years. Investors, businesses, and stakeholders in the aerospace materials sector can use this statistic to make informed decisions about resource allocation, investment strategies, and market positioning to capitalize on the expected growth in the industry.
The global aerospace composites market size was valued at $13.90 billion in 2018.
The statistic ‘The global aerospace composites market size was valued at $13.90 billion in 2018’ indicates the total market value of composite materials used in the aerospace industry worldwide in that specific year. Aerospace composites refer to materials that are specifically engineered for use in aircraft and spacecraft due to their lightweight, high strength, and resistance to harsh environmental conditions. The market size figure of $13.90 billion reflects the monetary value of the composite materials sold or utilized in the aerospace sector during that year, serving as an important indicator of the scale and economic significance of composites in the aerospace industry. This statistic is crucial for understanding the market trends, growth potential, and overall economic impact of aerospace composites within the global industry landscape.
Aerospace plastics held 7% of total market share in 2016 and is anticipated to witness significant gains up to 2024.
The statistic suggests that aerospace plastics comprised 7% of the total market share in 2016, indicating their existing presence in the industry. Furthermore, the statement implies an optimistic outlook for the future of aerospace plastics, predicting significant growth and market expansion up to the year 2024. This anticipated growth may be driven by factors such as technological advancements, increasing demand for lightweight and durable materials in the aerospace sector, as well as potential cost savings associated with using plastics. Overall, this statistic highlights the current relevance and promising prospects for aerospace plastics within the industry.
High-Performance Alloys contributed to 18.7% of global market value in 2018.
The statistic that “High-Performance Alloys contributed to 18.7% of global market value in 2018” indicates that these specialized alloys accounted for nearly one-fifth of the total market value in that year. High-performance alloys are materials that exhibit superior mechanical properties, such as high strength, corrosion resistance, and temperature stability, making them ideal for demanding applications in industries such as aerospace, automotive, and energy. This high contribution to the global market value suggests that there is a significant demand for these advanced materials and underscores their importance in various industrial sectors worldwide.
The Latin America aerospace materials market was valued at $161.2 Million in 2016.
The statistic indicates that the Latin America aerospace materials market had a total value of $161.2 million in the year 2016. This value represents the combined revenue generated from the sale of aerospace materials within the Latin American region during that year. As an essential component of the aerospace industry, these materials include metals, composites, polymers, and other substances used in the manufacturing and maintenance of aircraft and spacecraft. The market value not only serves as a measure of the economic activity within the aerospace materials sector in Latin America but also reflects the level of demand for these materials by aerospace companies operating in the region.
The Middle East and Africa aerospace materials market is expected to register a CAGR of 5.44% during the forecast period 2021-2026.
This statistic indicates that the aerospace materials market in the Middle East and Africa region is projected to experience a Compound Annual Growth Rate (CAGR) of 5.44% over the period from 2021 to 2026. A CAGR of 5.44% suggests a steady growth trend in the market’s value over the specified period. This growth rate reflects increasing demand for aerospace materials in the region, likely driven by factors such as technological advancements, expanding aviation industry, and increasing investments in aerospace infrastructure. The forecasted CAGR provides valuable insights for industry stakeholders, investors, and policymakers to anticipate market trends and make informed decisions.
In China, the demand for aerospace materials is expected to grow at a CAGR of around 10.4% during 2020-2025.
The statistic states that in China, the demand for aerospace materials is projected to experience a Compound Annual Growth Rate (CAGR) of approximately 10.4% over the period from 2020 to 2025. This indicates a consistent annual increase in the demand for materials used in the aerospace industry in China. Such growth could be attributed to factors such as increasing investments in the aerospace sector, expanding aviation infrastructure, technological advancements, and rising demand for air travel leading to the need for more aircraft production and maintenance. The forecasted growth rate suggests a positive outlook for the aerospace materials market in China, presenting opportunities for suppliers, manufacturers, and other industry stakeholders to capitalize on this evolving market dynamics.
In India, the Aerospace materials market was valued at USD 1.1 billion in 2019.
The statistic ‘In India, the Aerospace materials market was valued at USD 1.1 billion in 2019’ indicates the total financial worth of the market dedicated to acquiring materials specifically for the aerospace industry within India during the year 2019. This figure reflects the significant investment and economic activity within the aerospace materials sector in India at that time. It suggests that there is a substantial demand for aerospace materials in the country, which could be driven by factors such as a growing aerospace industry, technological advancements, and increasing investments in aviation and space exploration. The value of USD 1.1 billion signifies the scale and importance of the aerospace materials market to India’s economy and industrial landscape in 2019.
Global aerospace lightweight materials market is expected to reach $37.15 billion by 2028.
The statistic that the global aerospace lightweight materials market is projected to reach $37.15 billion by 2028 indicates a significant growth opportunity in the aerospace industry. This forecast suggests an increasing demand for lightweight materials such as advanced composites, aluminum alloys, and titanium in the manufacturing of aircraft and spacecraft. The trend towards lightweight materials is driven by their ability to enhance fuel efficiency, reduce emissions, and improve overall performance of aerospace vehicles. Factors such as technological advancements, growing air travel demand, and focus on sustainability are expected to propel the market growth in the coming years, making it an attractive sector for investment and innovation.
The carbon fiber in the aerospace materials market is poised to grow at a CAGR of around 12.1% by 2028.
This statistic indicates the projected compound annual growth rate (CAGR) of carbon fiber in the aerospace materials market up to the year 2028. A CAGR of around 12.1% suggests a consistent increase over the specified period, indicating a strong growth trend in the use of carbon fiber within the aerospace industry. This growth rate reflects the increasing demand for lightweight and durable materials in aerospace applications, as carbon fiber offers high strength-to-weight ratio and superior performance characteristics. The market is expected to expand significantly as more companies adopt carbon fiber technologies for aircraft manufacturing, resulting in a substantial growth opportunity for manufacturers and suppliers operating in this sector.
In 2018, interior application dominated the aerospace materials market by holding 50% of the total share.
In 2018, the aerospace materials market saw a significant dominance of interior application, accounting for 50% of the total market share. This statistic indicates that the materials specifically used for the interior components of aircraft, such as seating, cabin furnishings, and insulation, were in high demand and drove a substantial portion of the market revenue. This dominance suggests a strong focus on enhancing passenger comfort, safety, and overall experience within the aerospace industry during that period. The importance of interior application in the aerospace materials market highlights the significance of catering to both functional and aesthetic needs in aircraft design and manufacturing.
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