Aerospace Materials Market

Aerospace Materials Market

Aerospace Materials Market Forecasts to 2030 - Global Analysis By Aircraft Type (Commercial Aircraft, Military Aircraft, Business Jets, Helicopters, UAVs (Unmanned Aerial Vehicles), Spacecraft and Other Aircraft Types), Material, Application and By Geography

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Published: 2024 ID: SMRC26384

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Aerospace Materials Market is accounted for $40.26 billion in 2024 and is expected to reach $70.83 billion by 2030 growing at a CAGR of 12.8% during the forecast period. Aerospace materials encompass a diverse range of substances engineered for use in aviation and space exploration. These materials possess exceptional strength-to-weight ratios, thermal resistance, and durability to withstand extreme conditions encountered during flight. Aerospace materials are crucial for enhancing aircraft performance, reducing fuel consumption, and ensuring structural integrity in spacecraft and aircraft design, contributing significantly to the advancement of aerospace technology and exploration beyond Earth's atmosphere.

According to IATA (International Air Transport Association), the annual growth of global air traffic in 2020 during Covid declined by approximately 66%. For 2021, the growth rate was positive and stood around 18%, while 2022 forecasts project a 51% growth rate compared to the previous year.

Market Dynamics: 


Growing demand for lightweight materials

Lightweight materials, such as advanced composites and high-strength alloys, are essential for reducing the weight of aircraft components. This reduction in weight enhances fuel efficiency, increases payload capacity, and extends flight range. Moreover, lightweight materials contribute to improved performance and structural integrity, ensuring safety and reliability in aerospace applications. As the aviation industry seeks to optimize operational costs and environmental impact, the demand for lightweight materials continues to surge, driving market growth.


Certification and testing challenges

Certification and testing challenges in aerospace materials involve rigorous processes to ensure compliance with safety and performance standards set by regulatory authorities. These procedures can be time-consuming and costly, delaying product launches and increasing manufacturing expenses. Additionally, the complexity of testing methodologies and the need for specialized equipment may pose barriers to entry for smaller manufacturers, limiting competition and innovation in the market.


Rising government initiatives and investments

Governments worldwide allocate funds towards aerospace programs, defense projects, and space exploration, driving demand for advanced materials. These initiatives incentivize collaboration between industry and academia, leading to the discovery of new materials with enhanced properties. Additionally, government support often includes subsidies, tax incentives, and grants, which reduce production costs and encourage investment in aerospace materials, thus fostering market expansion and technological advancement.


Limited material properties

Limited material properties in aerospace materials arise due to the demanding requirements of aerospace applications, such as extreme temperatures, high stresses, and stringent safety standards. While materials with specific properties exist, achieving a balance of properties like strength, weight, and durability remains a challenge. This limitation can hamper the market by restricting the development of materials suitable for novel aerospace technologies and applications.

Covid-19 Impact

The covid-19 pandemic severely impacted the aerospace materials market due to reduced air travel demand, leading to decreased aircraft production rates and project cancellations. Supply chain disruptions, labor shortages, and financial constraints further exacerbated the market's challenges. However, recovery efforts, government stimulus packages, and the gradual resumption of air travel are expected to gradually revive demand for aerospace materials, albeit at a slower pace than pre-pandemic levels.

The commercial aircraft segment is expected to be the largest during the forecast period

The commercial aircraft segment is estimated to have a lucrative growth, due to their efficiency, and performance. Lightweight composite materials like carbon fiber-reinforced polymers are increasingly used to reduce aircraft weight, improve fuel efficiency, and enhance structural integrity. High-performance alloys such as titanium and aluminum are also utilized for their strength and corrosion resistance. Aerospace materials enable the design and manufacturing of modern commercial aircraft that meet stringent safety standards while optimizing operational costs.

The cabin interiors segment is expected to have the highest CAGR during the forecast period

The cabin interiors segment is anticipated to witness the highest CAGR growth during the forecast period. In cabin interiors of aircraft, aerospace materials play a crucial role in providing comfort, safety, and aesthetics. Lightweight yet durable materials like composite panels and textiles are used for overhead bins and interior components to reduce weight and improve fuel efficiency. Additionally, materials with antimicrobial properties are gaining importance to ensure hygiene and passenger well-being, especially in light of recent health concerns.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to expanding commercial aviation and defense sectors, along with increasing investments in aerospace R&D. Countries like China, Japan, and India are driving this growth with substantial investments in aerospace infrastructure and manufacturing capabilities. Additionally, rising air passenger traffic and the emergence of low-cost carriers in the region are boosting demand for lightweight materials, advanced composites, and high-performance alloys.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, driven by established aerospace industries in the United States and Canada. The region is a global leader in aerospace innovation, with major aircraft manufacturers and suppliers driving demand for advanced materials like carbon composites, titanium alloys, and high-performance metals. Defense spending also plays a significant role, stimulating demand for aerospace materials for military aircraft and defense applications.

Key players in the market

Some of the key players profiled in the Aerospace Materials Market include Boeing, Airbus, Lockheed Martin, Northrop Grumman, Raytheon Technologies, General Electric Aviation, Safran, Rolls-Royce, BAE Systems, United Technologies Corporation (UTC), Honeywell Aerospace, Mitsubishi Heavy Industries Aerospace, Bombardier Aerospace, Spirit AeroSystems and Embraer.

Key Developments:

In May 2024, Boeing announced the successful completion of its latest modern plant expansion project at its civil aviation composites plant in Tianjin, China. The new factory also incorporates the latest environmentally friendly building concepts, including the use of solar power generation in daily operations, a wastewater and rainwater recycling system, factory-wide LED lighting and toilet water-saving facilities.

In December 2023, Northrop Grumman Corporation successfully conducted a full-scale static test fire of a new solid rocket motor that was developed in less than a year as part of its Solid Motor Annual Rocket Technology Demonstrator (SMART Demo).

Aircraft Types Covered:
• Commercial Aircraft
• Military Aircraft
• Business Jets
• Helicopters
• UAVs (Unmanned Aerial Vehicles)
• Spacecraft
• Other Aircraft Types

Materials Covered:
• Metals
• Composites
• Ceramics
• Elastomers
• Other Materials

Applications Covered:
• Airframe
• Engine Components
• Cabin Interiors
• Propulsion Systems
• Landing Gear
• Satellite Structures
• Rocket Components
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance

Table of Contents

1 Executive Summary  
2 Preface   
 2.1 Abstract  
 2.2 Stake Holders 
 2.3 Research Scope 
 2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
 2.5 Research Sources 
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions
3 Market Trend Analysis 
 3.1 Introduction 
 3.2 Drivers  
 3.3 Restraints 
 3.4 Opportunities 
 3.5 Threats  
 3.6 Application Analysis
 3.7 Emerging Markets 
 3.8 Impact of Covid-19 
4 Porters Five Force Analysis 
 4.1 Bargaining power of suppliers
 4.2 Bargaining power of buyers
 4.3 Threat of substitutes
 4.4 Threat of new entrants
 4.5 Competitive rivalry 
5 Global Aerospace Materials Market, By Aircraft Type
 5.1 Introduction 
 5.2 Commercial Aircraft 
 5.3 Military Aircraft 
 5.4 Business Jets 
 5.5 Helicopters 
 5.6 UAVs (Unmanned Aerial Vehicles)
 5.7 Spacecraft 
 5.8 Other Aircraft Types
6 Global Aerospace Materials Market, By Material
 6.1 Introduction 
 6.2 Metals  
  6.2.1 Aluminum Alloys
  6.2.2 Titanium Alloys
  6.2.3 Steel Alloys
  6.2.4 Nickel Alloys
  6.2.5 Superalloys
 6.3 Composites 
  6.3.1 Carbon Fiber Reinforced Polymers (CFRP)
  6.3.2 Glass Fiber Reinforced Polymers (GFRP)
  6.3.3 Aramid Fiber Reinforced Polymers (AFRP)
 6.4 Ceramics  
 6.5 Elastomers 
 6.6 Other Materials 
7 Global Aerospace Materials Market, By Application
 7.1 Introduction 
 7.2 Airframe  
 7.3 Engine Components
 7.4 Cabin Interiors 
 7.5 Propulsion Systems 
 7.6 Landing Gear 
 7.7 Satellite Structures 
 7.8 Rocket Components
 7.9 Other Applications 
8 Global Aerospace Materials Market, By Geography
 8.1 Introduction 
 8.2 North America 
  8.2.1 US 
  8.2.2 Canada 
  8.2.3 Mexico 
 8.3 Europe  
  8.3.1 Germany 
  8.3.2 UK 
  8.3.3 Italy 
  8.3.4 France 
  8.3.5 Spain 
  8.3.6 Rest of Europe
 8.4 Asia Pacific 
  8.4.1 Japan 
  8.4.2 China 
  8.4.3 India 
  8.4.4 Australia 
  8.4.5 New Zealand
  8.4.6 South Korea
  8.4.7 Rest of Asia Pacific
 8.5 South America 
  8.5.1 Argentina
  8.5.2 Brazil 
  8.5.3 Chile 
  8.5.4 Rest of South America
 8.6 Middle East & Africa
  8.6.1 Saudi Arabia
  8.6.2 UAE 
  8.6.3 Qatar 
  8.6.4 South Africa
  8.6.5 Rest of Middle East & Africa
9 Key Developments  
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
 9.2 Acquisitions & Mergers
 9.3 New Product Launch
 9.4 Expansions 
 9.5 Other Key Strategies
10 Company Profiling  
 10.1 Boeing  
 10.2 Airbus  
 10.3 Lockheed Martin 
 10.4 Northrop Grumman 
 10.5 Raytheon Technologies
 10.6 General Electric Aviation
 10.7 Safran  
 10.8 Rolls-Royce 
 10.9 BAE Systems 
 10.10 United Technologies Corporation (UTC)
 10.11 Honeywell Aerospace
 10.12 Mitsubishi Heavy Industries Aerospace
 10.13 Bombardier Aerospace
 10.14 Spirit AeroSystems 
 10.15 Embraer  
List of Tables   
1 Global Aerospace Materials Market Outlook, By Region (2022-2030) ($MN)
2 Global Aerospace Materials Market Outlook, By Aircraft Type (2022-2030) ($MN)
3 Global Aerospace Materials Market Outlook, By Commercial Aircraft (2022-2030) ($MN)
4 Global Aerospace Materials Market Outlook, By Military Aircraft (2022-2030) ($MN)
5 Global Aerospace Materials Market Outlook, By Business Jets (2022-2030) ($MN)
6 Global Aerospace Materials Market Outlook, By Helicopters (2022-2030) ($MN)
7 Global Aerospace Materials Market Outlook, By UAVs (Unmanned Aerial Vehicles) (2022-2030) ($MN)
8 Global Aerospace Materials Market Outlook, By Spacecraft (2022-2030) ($MN)
9 Global Aerospace Materials Market Outlook, By Other Aircraft Types (2022-2030) ($MN)
10 Global Aerospace Materials Market Outlook, By Material (2022-2030) ($MN)
11 Global Aerospace Materials Market Outlook, By Metals (2022-2030) ($MN)
12 Global Aerospace Materials Market Outlook, By Aluminum Alloys (2022-2030) ($MN)
13 Global Aerospace Materials Market Outlook, By Titanium Alloys (2022-2030) ($MN)
14 Global Aerospace Materials Market Outlook, By Steel Alloys (2022-2030) ($MN)
15 Global Aerospace Materials Market Outlook, By Nickel Alloys (2022-2030) ($MN)
16 Global Aerospace Materials Market Outlook, By Superalloys (2022-2030) ($MN)
17 Global Aerospace Materials Market Outlook, By Composites (2022-2030) ($MN)
18 Global Aerospace Materials Market Outlook, By Carbon Fiber Reinforced Polymers (CFRP) (2022-2030) ($MN)
19 Global Aerospace Materials Market Outlook, By Glass Fiber Reinforced Polymers (GFRP) (2022-2030) ($MN)
20 Global Aerospace Materials Market Outlook, By Aramid Fiber Reinforced Polymers (AFRP) (2022-2030) ($MN)
21 Global Aerospace Materials Market Outlook, By Ceramics (2022-2030) ($MN)
22 Global Aerospace Materials Market Outlook, By Elastomers (2022-2030) ($MN)
23 Global Aerospace Materials Market Outlook, By Other Materials (2022-2030) ($MN)
24 Global Aerospace Materials Market Outlook, By Application (2022-2030) ($MN)
25 Global Aerospace Materials Market Outlook, By Airframe (2022-2030) ($MN)
26 Global Aerospace Materials Market Outlook, By Engine Components (2022-2030) ($MN)
27 Global Aerospace Materials Market Outlook, By Cabin Interiors (2022-2030) ($MN)
28 Global Aerospace Materials Market Outlook, By Propulsion Systems (2022-2030) ($MN)
29 Global Aerospace Materials Market Outlook, By Landing Gear (2022-2030) ($MN)
30 Global Aerospace Materials Market Outlook, By Satellite Structures (2022-2030) ($MN)
31 Global Aerospace Materials Market Outlook, By Rocket Components (2022-2030) ($MN)
32 Global Aerospace Materials Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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