Defence Aircraft Materials Market Development, Revenue, Demand and Forecast to 2022

Materials, mainly metal alloys, which are used by aircraft manufacturers are termed as aircraft materials. Military aircraft should be strong, light weighted, able to fly faster, heat resistant, with increased agility and heavier payloads. Fifth-generation technology aircraft, made of advanced composite materials, and stealth technology are emerging trends for military aircraft, which will drive its demand in the market. The global defence aircraft industry consists of combat and non-combat aircraft. The former ones are designed to destroy opponent’s equipment using their own armament by attack, reconnaissance and surveillance. They are usually developed and procured only by military forces. The later ones are designed for transport and training and are used by military, border patrol enforcement, law enforcement, paramilitary forces, and other special security groups.

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Market Dynamics
The major drivers of the Global Defence Aircraft Materials market is increase in demand of fuel-efficient aircraft, cheaper raw material prices, the rise in global security issues, robust economic growth, increasing demand for low-cost carriers, and advancement in technologies.
Acquisition of quality material, costly maintenance, low-cost production technologies, replacement, and overhaul are some of the major challenges for the Global defence aircraft materials market

Another major challenge is the declining of the global defense expenditure due to defense budget reductions by key defense spending nations. The U.S. government has declared for the reduction in the defense spending till 2022 which has impacted the global defense equipment manufacturer’s market; especially the military aircraft manufactures market, which in turn will impact the global defense aircraft materials market.

Market Segmentation
On the basis of Type, the global defence aircraft materials market is segmented into Aluminium Alloys, Steel Alloys, Titanium Alloys, Super Alloys, Composite Materials and Others. On the basis of aircraft type, it is categorised into Military Aircraft, Commercial Aircraft, Helicopters, Business & General Aviation and Others

Regional/Geographic Analysis
In 2016, North America dominated the defence aircraft materials market and is anticipated to continue its supremacy during the forecast period. The major consumer of aerospace materials in North America, the United States of America’s demand for aerospace materials is expected to increase during the forecast period. The presence of top aircraft manufacturers such as Boeing, Lockheed Martin, and others in the region is the primary reason for high demand for aerospace materials.

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Key Players

The key companies of defence aircraft Materials Market are Constellium, ATI, AMG N.V., Toray Composites America Inc., Boeing, RTI International, Pratt & Whitney, Supply Dynamics, Airbus, SABIC’s Innovative Plastics, Henkel, Aleris, Toray Industries, Alcoa Inc. Cytec Industries Inc., ICF International.

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