Aerospace Metal Matrix Composites Market
Report code - SRAD184 | Published On : Dec,2018 | Status: Published | No. of Pages: 240

Aerospace Metal Matrix Composites (MMCs) Market by Application Type (Airframe, Engine Components, Landing Gears, Avionics, and Others), by Platform Type (Civil Aviation, Military Aviation, and Space), by Matrix Type (Aluminum, Titanium, and Others), by Reinforcement Type (Silicon Carbide, Aluminum Oxide, and Others), by Reinforcement Form Type (Continuous, Discontinuous, and Others), by Process Type (Solid State Processing, Liquid State Processing, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024

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.

Aerospace Metal Matrix Composites (MMCs) Market: Highlights

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.

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.

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.

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.

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.

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

This report offers high-quality insights and is 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. More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter 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, New product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors 

The global aerospace metal matrix composites market is segmented into the following categories:  

Aerospace MMCs Market, By Platform Type

  • Civil Aircraft
  • Military Aircraft
  • Space

Aerospace MMCs Market, By Application Type

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

Aerospace MMCs Market, By Matrix Type

  • Aluminum
  • Titanium
  • Others

Aerospace MMCs Market, By Reinforcement Type

  • Silicon Carbide
  • Aluminum Oxide
  • Others

Aerospace MMCs Market, By Reinforcement form Type

  • Continuous
  • Discontinuous
  • Others

Aerospace MMCs Market, By Processing Type

  • Solid State Processing
  • Liquid State Processing
  • Others

Aerospace MMCs Market, 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 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 three players)
  • SWOT analysis of key players (up to three players)

Market Segmentation

  • Current market segmentation of any one of the applications by composite 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 sales@stratviewresearch.com


List of Figures

List of Tables

Disclaimer

Copyright

Abbreviation

Currency Exchange

About Us

Report Scope

Report Objectives

Research Methodology

Secondary Research

Key Information Gathered from Secondary Research

Primary Research

Key Information Gathered from Primary Research

Breakdown of Primary Interviews by Region, Designation, and Value Chain Node

Data Analysis and Triangulation

1.      Executive Summary

2.      Aerospace Metal Matrix Composites (MMCs) Market - Overview and Market Forces

2.1.               Introduction

2.2.               Market Classification

2.2.1.                       By Application Type

2.2.2.                       By Platform Type

2.2.3.                       By Matrix Type

2.2.4.                       By Reinforcement Type

2.2.5.                       By Reinforcement Form Type

2.2.6.                       By Processing Type

2.2.7.                       By Region

2.3.               Market Drivers

2.4.               Market Constraints

2.5.               Supply Chain Analysis

2.6.               Industry Life Cycle Analysis

2.7.               PEST Analysis: Impact Assessment of Changing Business Environment

2.8.               Porter’s Five Forces Analysis

2.8.1.                       Bargaining Power of Suppliers

2.8.2.                       Bargaining Power of Constraints

2.8.3.                       Threat of New Entrants

2.8.4.                       Threat of Substitutes

2.8.5.                       Competitive Rivalry

2.9.               SWOT Analysis

3.      Aerospace Metal Matrix Composites (MMCs) Market Analysis - By Application Type

3.1.               Strategic Insights

3.2.               Airframe: Aerospace MMCs Market Trend and Forecast (US$ Million)

3.3.               Engine Components: Aerospace MMCs Market Trend and Forecast (US$ Million)

3.4.               Landing Gears: Aerospace MMCs Market Trend and Forecast (US$ Million)

3.5.               Avionics: Aerospace MMCs Market Trend and Forecast (US$ Million)

3.6.               Others: Aerospace MMCs Market Trend and Forecast (US$ Million)

4.      Aerospace Metal Matrix Composites (MMCs) Market Analysis - By Platform Type

4.1.               Strategic Insights

4.2.               Civil Aircraft MMCs Market Trend and Forecast (US$ Million)

4.3.               Military Aircraft MMCs Market Trend and Forecast (US$ Million)

4.4.               Spacecraft Metal MMCs Market Trend and Forecast (US$ Million)

5.      Aerospace Metal Matrix Composites (MMCs) Market Analysis - By Matrix Type

5.1.               Strategic Insights

5.2.               Aerospace Aluminum MMCs Market Trend and Forecast (US$ Million)

5.3.               Aerospace Titanium MMCs Market Trend and Forecast (US$ Million)

5.4.               Aerospace Other MMCs Market Trend and Forecast (US$ Million)

6.      Aerospace Metal Matrix Composites (MMCs) Market Analysis - By Reinforcement Type

6.1.               Strategic Insights

6.2.               Aerospace Silicon Carbide-Reinforced MMCs Market Trend and Forecast (US$ Million)

6.3.               Aerospace Aluminum Oxide-Reinforced MMCs Market Trend and Forecast (US$ Million)

6.4.               Aerospace Other Reinforcement-based MMCs Market Trend and Forecast (US$ Million)

7.      Aerospace Metal Matrix Composites (MMCs) Market Analysis - By Reinforcement Form Type

7.1.               Strategic Insights

7.2.               Continuous Fiber Reinforced MMCs Market Trend and Forecast (US$ Million)

7.3.               Discontinuous Fiber Reinforced MMCs Market Trend and Forecast (US$ Million)

7.4.               Other MMCs Market Trend and Forecast (US$ Million)

8.      Aerospace Metal Matrix Composites (MMCs) Market Analysis – Processing Type

8.1.               Strategic Insights

8.2.               Solid State Process: Aerospace MMCs Market Trend and Forecast (US$ Million)

8.3.               Liquid State Process: Aerospace MMCs Market Trend and Forecast (US$ Million)

8.4.               Other Processes: Aerospace MMCs Market Trend and Forecast (US$ Million)

9.      Aerospace Metal Matrix Composites (MMCs) Market Analysis - By Region

9.1.               Strategic Insights

9.2.               North American Aerospace MMCs Market Analysis

9.2.1.                       North American Aerospace MMCs Market T&F, by Country (US$ Million)

9.2.1.1.                                 The USA: Aerospace MMCs Market T&F (US$ Million)

9.2.1.2.                                 Canada: Aerospace MMCs Market T&F (US$ Million)

9.2.1.3.                                 Mexico: Aerospace MMCs Market T&F (US$ Million)

9.3.               European Aerospace MMCs Market Analysis

9.3.1.                       European Aerospace MMCs Market T&F, by Country (US$ Million)

9.3.1.1.                                 Germany: Aerospace MMCs Market T&F (US$ Million)

9.3.1.2.                                 France: Aerospace MMCs Market T&F (US$ Million)

9.3.1.3.                                 The UK: Aerospace MMCs Market T&F (US$ Million) 

9.3.1.4.                                 Russia: Aerospace MMCs Market T&F (US$ Million)

9.3.1.5.                                 Rest of Europe: Aerospace MMCs Market T&F (US$ Million)

9.4.               Asia-Pacific’s Aerospace MMCs Market Analysis

9.4.1.                       Asia-Pacific’s Aerospace MMCs Market T&F, by Country (US$ Million)

9.4.1.1.                                 China: Aerospace MMCs Market T&F (US$ Million)

9.4.1.2.                                 Japan: Aerospace MMCs Market T&F (US$ Million)

9.4.1.3.                                 Singapore: Aerospace MMCs Market T&F (US$ Million)

9.4.1.4.                                 Rest of APAC: Aerospace MMCs Market T&F (US$ Million)

9.5.               Rest of World’s (RoW) Aerospace MMCs Market Analysis

9.5.1.                       RoW’s Aerospace MMCs Market T&F, by Sub-Region (US$ Million)

9.5.1.1.                                 The Middle East: Aerospace MMCs Market T&F (US$ Million)

9.5.1.2.                                 Latin America: Aerospace MMCs Market T&F (US$ Million)

9.5.1.3.                                 Others: Aerospace MMCs Market T&F (US$ Million)

10. Competitive Analysis

10.1.          Strategic Insights

10.2.          Product Portfolio Analysis

10.3.          Geographical Presence

10.4.          New Product Launches

10.5.          Strategic Alliances: Mergers and Acquisitions, Joint Ventures, Collaborations etc.

10.6.          Expert Opinion

10.7.          Market Share Analysis

11. Strategic Growth Opportunities

11.1.          Strategic Insights

11.2.          Market Attractive Analysis

11.2.1.                   Market Attractiveness by Application Type

11.2.2.                   Market Attractiveness by Platform Type

11.2.3.                   Market Attractiveness by Matrix Type

11.2.4.                   Market Attractiveness by Reinforcement Type

11.2.5.                   Market Attractiveness by Reinforcement Form Type

11.2.6.                   Market Attractiveness by Processing Type

11.2.7.                   Market Attractiveness by Region

11.2.8.                   Market Attractiveness by Country

11.3.          Growth Matric Analysis

11.4.          Emerging Trends

11.5.          Key Success Factors

12. Company Profiles of Key Players

12.1.          Materion Corporation

12.2.          The 3M Company

12.3.          AMETEK Inc.

12.4.          Alvant Ltd.

12.5.          TISICS Ltd.

12.6.          Powdermet, Inc.

12.7.          DWA Aluminium Composites USA

12.8.          Gamma Alloys

12.9.          CPS Technologies Corp.

12.10.      Triton Systems, Inc.



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