PUBLISHER: Data Bridge Market Research | PRODUCT CODE: 1393498
PUBLISHER: Data Bridge Market Research | PRODUCT CODE: 1393498
Asia-Pacific aerospace and defense materials market is expected to reach USD 10,433,171.21 thousand by 2030 from USD 6,333,525.16 thousand in 2022, growing at a CAGR of 6.6% in the forecast period of 2023 to 2030.
Asia-Pacific Aerospace and Defense Materials Market, By Product (Aluminium Alloys, Composites, Heat-Resistant Alloys, Plastics And Polymers, Super Alloys, Ceramics, Steel, Nanocomposites, Graphene, and Others), Application (Aircraft Structural Frames/Aerostructure, Propulsion Systems, Components, Cabin Interiors, Satellite, Construction And Insulation Components, and Others), End-Use (Commercial, Military, Business and General Aviation, and Others), Country (China, India, Japan, South Korea, Singapore, Australia, New Zealand, Malaysia, Philippines, Thailand, Indonesia, and Rest of Asia-Pacific) - Industry Trends and Forecast to 2030.
DRIVERS
Rising positive outlook toward lightweight and high strength materials
Rapid growth in the worldwide civil aviation sector
RESTRAINT
Difficulty of integrating advanced materials into aging aircraft
OPPORTUNITIES
Exploration and innovation in cutting-edge high-performance materials
Incorporating additive manufacturing for the efficient fabrication of aerospace and defense parts