The Aerospace And Defense Components Global Market Report 2023, provides comprehensive information on the aerospace and defense components market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global aerospace and defense components market size is expected to grow from $53.41 billion in 2022 to $59.83 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aerospace and defense components market size is expected to grow to $80.83 billion in 2027 at a CAGR of 9.9%.
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Technological advancement is a key trend gaining popularity in the aerospace and defense component markets. Major companies operating in the aerospace and defense components market are focused on developing resin technology solutions to strengthen their position. For instance, in July 2021, Toray Composite Materials America, Inc., a US-based leading producer of high-quality advanced composite materials, launched the flexible and highly adaptive prepreg system, Toray 2700. It is uniquely designed to be highly adaptable for automation and high-rate production processes. The aerospace industry can produce high-quality, high-volume, cost-effective composite parts with the help of a patented high-performance resin technology. For high-volume tiny parts like aircraft clips, molded brackets, and wing ribs, they are employed in compression molding. Flexible cure temperatures and less moisture absorption are expected to be supported.
The aerospace and defense components market is segmented:
1) By Product: Aluminum, Titanium, Composites, Superalloys, Steel, Plastics, Other Products
2) By Application: Engine, Aerostructure, Interiors, Equipment, System And Support, Avionics
3) By End User: Commercial, Business And General Aviation, Military, Other Users
North America was the largest region in the aerospace and defense components market in 2022.
The table of contents in TBRC’s aerospace and defense components market report includes:
1. Executive Summary
2. Aerospace And Defense Components Market Characteristics
3. Aerospace And Defense Components Market Trends And Strategies
4. Aerospace And Defense Components Market – Macro Economic Scenario
5. Aerospace And Defense Components Market Size And Growth
….
26. Africa Aerospace And Defense Components Market
27. Aerospace And Defense Components Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aerospace And Defense Components Market
29. Aerospace And Defense Components Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
Arconic Inc.
Toray Composites America Inc.
Huntsman International LLC
Hexcel Corporation
Saudi Basic Industries Corporation
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