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

The global aerospace metal matrix composites market is projected to witness a growth rate of 7.1% annually from 2023 to 2028, with an anticipated size of US$ 298.1 million by 2028, according to an analysis by 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 market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 298.1 million
Growth (CAGR): 7.1% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 7
Number of Tables & Graphs: 100+

Segment Insights on 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 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 the 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 the 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 the 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 the 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, visit:
https://www.stratviewresearch.com/455/Aerospace-Metal-Matrix-Composites-Market.html

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 majorly 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.
- 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 and increasing space exploration activities are the prime drivers for the sustainable demand for metal matrix composites in the aerospace industry.
- MMCs have an excellent track record in the aerospace industry as the material offers numerous advantages, such as a 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 industry including lightweight products, thus attracting the stakeholders of the aerospace industry to invest in this unique material.
- MMCs are increasingly witnessing greater penetration in not only the airframe parts of next-generation aircraft but also in other critical applications, such as landing gears and fan exit guide vanes.
- In the last two decades, researchers and manufacturers in the aerospace industry have paid significant attention and interest to MMCs, owing to their exceptional properties and performance. The metal matrix composites offer an outstanding strength-to-weight ratio, making them particularly well-suited for aerospace applications where weight reduction is of paramount importance to enhance fuel efficiency and overall operational performance.

Top Companies in the Aerospace Metal Matrix Composites Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• 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

Related Reports:

• Metal Matrix Composite Market: https://www.stratviewresearch.com/798/metal-matrix-composite-market.html

• Composites Market: https://www.stratviewresearch.com/919/composites-market.html

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Stratview Research is a global market research firm that highly specializes in 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 take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.