PUBLISHER: BCC Research | PRODUCT CODE: 1389891
PUBLISHER: BCC Research | PRODUCT CODE: 1389891
The global market for advanced aerospace materials is expected to grow from $26.4 billion in 2023 to $38.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 8.0% from 2023 to 2028.
The Americas market for advanced aerospace materials is expected to grow from $13.0 billion in 2023 to $17.3 billion by the end of 2028, at a CAGR of 6.0% from 2023 to 2028.
The European market for advanced aerospace materials is expected to grow from $9.7 billion in 2023 to $16.1 billion by the end of 2028, at a CAGR of 10.5% from 2023 to 2028.
This report examines the emerging materials in the aerospace industry. Definitive and detailed estimates and forecasts of the global market are provided, followed by a detailed analysis of each material, application and regions. The report also focuses on the regulations, relevant industry organizations and government-supported programs impacting this market. Regionally, the focus of the study will be the markets of the Americas, Europe and Asia-Pacific. BCC Research has not considered the rest of the world in its research scope because the major contributions and developments in emerging materials in the aerospace sector is from the Americas, Europe and Asia-Pacific only.
The scope of the advanced aerospace materials industry is continually expanding as new discoveries are made and as researchers and industries explore innovative ways to harness the unique properties of advanced materials and manufacturing technologies. This report, however, concentrates on emerging materials that are currently in commercial use or are likely to be commercialized by 2028. Other applications that, while promising, are not likely to make it out of the laboratory by 2028 are not covered in depth. Sales value estimates are based on prices in the supply chain. Market-driving forces and industry structures are examined. International aspects are analyzed for all global regions.
This study reviews the following material categories, along with relevant market and production information, technological descriptions and issues, key applications and major market factors. This report organizes material type into the following segments -
The following applications for advanced aerospace materials are also examined, with market breakdowns for each by region -
There are several technologies of interest-including those that could someday capture significant market share-that have not yet developed to the point of achieving significant market share. Listed below are some technologies that are similar to the target materials but do not meet the definition of advanced aerospace materials considered in this study.
The market analysis completed in support of this study was developed over two phases. The initial phase of the analysis included a review of each of the advanced aerospace materials under study, as well as a review of the industry trends and factors likely to impact or affect their market development and growth potential. Regional markets were in many cases variable for this study. In the second phase, the focus of the analysis was on sales of advanced aerospace materials with respect to a specific end use. Market calculations were originally developed based on trade volumes for each of the categories considered, to the extent that this data was available. Market values were then developed using typical pricing for each of the advanced aerospace materials categories that were considered.
Within this framework, it should be noted that the study did not consider the ultimate final end-product value. For example, BCC Research do not quantify the value of an airplane that is sold by Boeing to American Airlines. Instead, we consider the value of the specific relevant materials that are included in the airplane, based on their purchase cost by Boeing. The market values shown are normalized to 2022 U.S. dollars, and they discount the effects of past or future inflation on market values.
Once the initial technology-level data was developed, application-level data was cross-referenced against the technology data. Applications were also investigated based on future anticipated deployment and potential for changes in leading and secondary technologies over time. We further developed country-level splits based on a combination of regional and national level sales and revenue data. In some cases, country-level splits were estimated for segments where national-level data was limited or unavailable. All estimates were completed based on the available technology- and application-level data, and then benchmarked against other data collected, where available.
Figure A : Research Methodology Used in This Report