The market for defense aircraft materials is heavily boosted by the rising demand of fuel efficient aircrafts. The usage of composites or titanium alloys reduce the weight of the aircrafts, which in turn enhances the aircraft fuel efficiency. The increase in fuel efficiency of defense aircrafts, is increasing the interest among the military forces to adopt composite materials or other lightweight materials for defense aircraft materials. Thus, the growing need for fuel efficient aircrafts is boosting the growth of market for defense aircraft materials over the years. The advancement of defense technologies across the globe has developed lightweight, high strength materials for the manufacture of aircrafts. These lightweight materials such as composites, titanium alloys among others are low cost and cheaper than aluminum alloys or steel alloys. The low cost, lightweight materials is driving the market for defense aircrafts materials.

The major restraining factor for the growth of market for defense aircraft material is the high cost involved in maintenance, repair and overhaul of composite materials, or various alloys used in the defense aircrafts. The alloys or composites are manufactured with different expensive materials such as titanium, aluminum, and stainless steel, fiber reinforced plastics, and epoxy among others. The maintenance of these materials incur huge costs, due to which, the defense forces in the emerging nations are limiting their purchase of aircrafts with these materials. Thus, impacting negatively on the growth of the market in future.

The defense aircraft material market is expected to surge over the period due to growing defense budgets in countries such as Mexico, Germany, Russia, China, India, South Korea and Saudi Arabia among others. The growing defense budget is demanding for advanced aircraft materials in order to support the military forces with the latest aircrafts. The increasing defense budget across the globe is estimated to bolster the market for defense aircraft materials in the coming years.

The market for defense aircraft material market is segmented on basis of material type, aircraft types and geography. The different types of materials used in defense aircrafts are aluminum alloys, super alloys, steel alloys, composite materials, and titanium alloys among others. The aluminum alloys segment dominated the market in the past years, but the increasing use of composites is replacing the aluminum alloys from the aerospace industry. However, due to low fatigue and high strength capabilities, aluminum alloys will still be preferred over composite materials. The various defense aircrafts used by the defense forces across the globe are fighter aircrafts, transport aircrafts, military cargo aircrafts, helicopters, and unmanned aerial vehicles.

Geographically, the market for defense aircraft material is categorized based on five regions across the globe as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The constant focus on development of robust technologies in order to strengthen the defense forces, North America is investing huge amounts, which has led the region to dominate the market. Moreover, due to the presence of major defense contractors in the United States, the demand for defense aircraft materials is also increasing in the region. Countries in Asia Pacific such as China, India, Japan, and South Korea among others are also focusing on development and procurement of advanced defense aircraft materials. This factor is helping the region to grow at a faster rate over the period over other regions globally.

The defense aircraft material market is a diversified market with a huge number of key players present in the market. The leading players in defense aircraft material market includes Supply Dynamics, Inc. (United States), Constellium NV (Netherlands), AMG Advanced Metallurgical Group N.V. (Netherlands), ICF International Inc. (United States), Saudi Basic Industries Corporation (Saudi Arabia), Henkel AG & Co. KGaA (Germany), Aleris International Inc. (United States), Pratt & Whitney (United States), Boeing (United States), and RTI International (United States) among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Defense Aircraft Material Market

Pre Book