Aerospace Metal Matrix Composites Market is Forecasted to Reach US$ 298.1 Million in 2028, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global aerospace metal matrix composites market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2022: US$ 193.2 million

Market Size in 2028: US$ 298.1 million

Growth (CAGR): 7.1% during 2023-2028

Leading Application Type: Airframe

Leading Platform Type: Civil Aircraft

Leading Matrix Type: Aluminum

Leading Reinforcement Type: Silicon Carbide

Leading Reinforcement Form Type: Continuous

Leading Process Type: Solid State Processing

Leading Region: North America

Forecast Period: 2023-2028

Trend Period: 2017-2021

Base Year: 2022

Number of Segments Covered: 7

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Aerospace Metal Matrix Composites Market:

The global aerospace metal matrix composites market is segmented based on platform type, application type, matrix type, reinforcement type, reinforcement form type, process type, and region.

Based on application type –

·        The aerospace metal matrix composites market is segmented into airframes, engine components, landing gears, avionics, and others. 

·        Airframe is expected to remain the largest application type in the market, whereas avionics is likely to remain the fastest during the forecast period. The airframe is subject to repetitive loading and unloading cycles, which can lead to fatigue failure over time.

·        MMC has demonstrated good fatigue resistance, extending the operational lifespan of aircraft. MMC also offers a high strength-to-weight ratio, high structural integrity, excellent corrosion resistance, and high-temperature performance, which makes it highly attractive for airframe applications.

Based on platform type –

·        The market is segmented into civil aircraft, military aircraft, and space. 

·        Civil aircraft is anticipated to remain the largest and fastest-growing aircraft type in the market during the forecast period. Increasing the production rate of key aircraft programs, the introduction of fuel-efficient aircraft, the entry of new aircraft programs, and growing fleet size are key factors fuelling market growth during the forecast period.

·        Landing gears are manufactured using metal matrix composites in the best-selling aircraft B787. Also, the growing utilization of metal matrix composites in the space industry is poised to stimulate market expansion. Key applications in this category include space shuttle orbiters, Hubble space telescopes, communication systems, and spacecraft structures.

Based on matrix type –

·        The market is segmented into aluminum, titanium, and others. 

·        Aluminum is expected to persist as the foremost matrix type in the market during the forecast period. It is often favored in the aerospace industry due to its low weight and cost-effectiveness properties.

·        Titanium is expected to remain the fastest-growing matrix type in the market during the forecast period owing to its numerous advantages, such as its high-strength-to-weight ratio, high tensile and compressive strength, low coefficient of thermal expansion, and high fatigue resistance.

Based on reinforcement type –

·        The market is segmented into silicon carbide, aluminum oxide, and others. 

·        Silicon carbide is poised to uphold its prominent status as the dominant reinforcement type in the market during the forecast period owing to its lightweight, high strength and stiffness, high-temperature resistance, abrasion, fatigue, and corrosion resistance properties.

Based on reinforcement form type –

·        The market is segmented into continuous, discontinuous, and particulate. 

·        Continuous reinforcement is projected to remain dominant in the market during the forecast period, as it provides a high level of strength and stiffness to the composite material, which is crucial for structural components in aircraft that need to withstand high loads and stresses.

To know the most attractive segments, click here for a free sample of the report:

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Which region shows the most promising growth forecast and opportunity?

The analysis suggests that North America is expected to remain the dominant market for aerospace metal matrix composites during the forecast period. This growth outlook is mainly attributed to the following:

-      The USA is likely to remain the growth engine of the region’s market as it is the manufacturing hub of the aerospace industry with the presence of raw material suppliers, metal matrix composite suppliers, tier players, OEMs, airlines, space agencies, private space companies, aircraft leasing companies, and MRO players.

Likewise, Asia-Pacific is estimated to remain the fastest-growing market for metal matrix composites in the foreseeable future. Emerging economies, such as China and India, in the region are investing heavily in the aerospace industry.

Aerospace Metal Matrix Composites Market Drivers:

Some of the key drivers listed in the report are given below.

-      Increasing production of composite-rich aircraft coupled with rising demand for lightweight yet durable parts.

-      Increasing space exploration activities are the prime drivers for the sustainable demand for metal matrix composites in the aerospace industry.

Competitive Landscape: Top Companies in the Aerospace Metal Matrix Composites Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

-         3M

-        AMETEK, Inc.

-        CPS Technologies Corporation

-        DWA Aluminium Composite USA, Inc.

-        Materion Corporation

-        Plansee SE.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the aerospace metal matrix composites market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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About us –

Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

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