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    Aerospace Metal Matrix Composites Market | Covid-19 Impact Analysis

    Aerospace Metal Matrix Composites Market | Covid-19 Impact Analysis

    Aerospace Metal Matrix Composites Market | Covid-19 Impact Analysis
    Report code - SRAD184 Published On : Dec,2018 No. of Pages: 240
    Aerospace Metal Matrix Composites (MMCs) Market Size, Share, Trend, Forecast, & Compet See more...
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    Impact of COVID-19 on Aerospace Metal Matrix Composites Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aerospace Metal Matrix Composites Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Aerospace Metal Matrix Composites (MMCs) Market Insights

    The insistent need of the aerospace industry to augment the performance of civil, military, and spacecraft is constantly driving the development of high-performance structural materials. Composite materials have earned significant traction in the aerospace industry, owing to its excellent track record of more than five decades. However, the inadequacy of a single or group of materials to fulfill all the stringent requirements of aerospace industry along with keeping a check on both economy and performance has led to an increased focus towards new materials including metal matrix composites. In the last two decades, researchers and manufacturers in the aerospace industry have paid significant attention and interests on MMCs, owing to their exceptional properties and performance.

    The global aerospace MMCs market is projected to grow at a healthy rate over the next five years to reach US$ 176.1 million in 2024. Increasing production of composites-rich aircraft coupled with a rising demand for lightweight yet durable parts and increasing space exploration activities are the prime drivers for the sustainable demand for MMCs in the aerospace industry. MMCs have an excellent track record in the automotive industry as the material offers numerous advantages, such as high strength-to-weight ratio, excellent corrosion resistance, excellent fatigue strength, lightweight, and excellent durability, over its rivals including cast iron. The material is a suitable claimant addressing many challenges of the industry including lightweight products, thus, attracting the stakeholders of the aerospace industry to invest in this unique material. MMCs are increasingly witnessing a greater penetration in not only airframe parts of the next-generation aircraft, but also in other critical applications, such as landing gears and fan exit guide vanes.

    Aerospace Metal Matrix Composites Market Forecast

     

    Aerospace Metal Matrix Composites (MMCs) Market Share Analysis

    Aerospace Metal Matrix Composites Market Share

    Aerospace Metal Matrix Composites (MMCs) Market Share by Platform Type

    The market is segmented based on the platform type as space, civil, and military aviation. Civil aircraft is likely to remain the growth engine of the market during the forecast period. Increasing production rate of the best-selling aircraft program: B787, wherein landing gears are manufactured using MMCs is likely to drive the market for the civil aviation segment during the forecast period. Increasing penetration of MMCs in avionics and recent advancements including the development of robotic arms by TISICS Ltd. are likely to drive the spacecraft segment during the forecast period.

    Aerospace Metal Matrix Composites (MMCs) Market Share by Application Type

    Based on the application type, airframe is likely to remain the most dominant segment during the forecast period, whereas avionics is likely to remain the fastest-growing segment. Increasing collaboration among market stakeholders, such as Boeing and TISICS Inc. with the help of AMRC to produce titanium composite actuator rods for applications including landing gears, wings, and engines for commercial aircraft assemblies, is likely to increase the penetration of MMCs in the aerospace industry in years to come.

    Aerospace Metal Matrix Composites (MMCs) Market Share by Matrix Type

    Based on the matrix type, aluminum is projected to remain the most dominant matrix type in the market in the coming five years, whereas titanium is expected to remain the fastest-growing matrix. Titanium MMCs offer numerous advantages, such as high strength-to-weight ratio, lightweight, high tensile and compressive strength, low coefficient of thermal expansion, and high fatigue resistance. Aluminum is the most widely used MMCs in the aerospace industry, owing to its exceptional properties, which led to its applications in fabricating airframe and interior components.

    Regional Insights

    In terms of region, North America is projected to remain the largest as well as the fastest-growing market worldwide during the forecast period. The USA is likely to remain the growth engine of the region’s market as it is manufacturing hub of the aerospace industry with the presence of major raw material suppliers, metal matrix composite suppliers, tier players, OEMs, airlines, space agencies, private space companies, aircraft leasing companies, and MRO players. Europe is projected to remain the second-largest market for aerospace MMCs during the forecast period. The UK and Russia are the two major contributors to the European market, owing to significant investment in the R&D activities, especially for the aerospace industry.

    Key Players

    The supply chain of this market comprises raw material suppliers, composite manufacturers, component manufacturers/ tier players, space companies, aircraft, and spacecraft OEMs, aircraft leasing companies, and MRO companies. The key players in the aerospace MMCs market are Materion Corporation, AMETEK Inc., Powdermet Inc., Alvant Ltd., Triton Systems Inc., DWA Aluminium Composites USA, Inc., Gamma Alloys, The 3M Company, and CPS Technologies Corp.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 176.1 million

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, France, Germany, the UK, Russia, China, Japan, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Aerospace Metal Matrix Composites (MMCs) Market Size, Share & Forecast by Aircraft Type:

    • Civil Aircraft
    • Military Aircraft
    • Space

    Aerospace Metal Matrix Composites (MMCs) Market Size, Share & Forecast by Application Type:

    • Airframe
    • Engine Components
    • Avionics
    • Landing Gear
    • Other Components

    Aerospace Metal Matrix Composites (MMCs) Market Size, Share & Forecast by Matrix Type:

    • Aluminum
    • Titanium
    • Others

    Aerospace Metal Matrix Composites (MMCs) Market Size, Share & Forecast by Reinforcement Type:

    • Silicon Carbide
    • Aluminum Oxide
    • Others

    Aerospace Metal Matrix Composites (MMCs) Market Size, Share & Forecast by Reinforcement form Type:

    • Continuous
    • Discontinuous
    • Others

    Aerospace Metal Matrix Composites (MMCs) Market Size, Share & Forecast by Processing Type:

    • Solid State Processing
    • Liquid State Processing
    • Others

     Aerospace Metal Matrix Composites (MMCs) Market Size, Share & Forecast by Region:

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: France, Germany, the UK, Russia and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Latin America, the Middle East, and Others)

     

    Report Features

    This report, from Stratview Research, studies the aerospace metal matrix composites market over the trend period of 2013 to 2018 and forecast period of 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the component types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the size of the Aerospace Metal Matrix Composites (MMCs) Market in the foreseeable years?

    Driven by a number of factors like increasing space exploration activities, the Aerospace Metal Matrix Composites (MMCs) Market is projected to reach an estimated value US$ 176.1 million in 2024.

    Who are the key players in the Aerospace Metal Matrix Composites (MMCs) Market?

    Materion Corporation, AMETEK Inc., Powdermet Inc., Alvant Ltd., Triton Systems Inc., DWA Aluminium Composites USA, Inc., Gamma Alloys, The 3M Company, and CPS Technologies Corp. are among the key players in the Aerospace Metal Matrix Composites (MMCs) Market.

    Which region/country is expected to remain the largest Aerospace Metal Matrix Composites (MMCs) Market?

    North America is projected to remain the largest market for aerospace metal matrix composites during the forecast period of 2019-2024. The USA is likely to remain the growth engine of the regions market.

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