What Are The 5 Top Insights From The Commercial Aircraft Airframe Materials Market Forecast 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Commercial Aircraft Airframe Materials Global Market Report 2023, the commercial aircraft airframe materials market is expected to show significant growth in the forecast period.
Key insights from the commercial aircraft airframe materials market forecast include:
- Market Size
The global commercial aircraft airframe materials market is expected to grow from $5.77 billion in 2022 to $6.24 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The market size of the global commercial aircraft airframe materials is expected to grow to $8.42 billion in 2027 at a CAGR of 7.8%.
- Major Driver
The expansion of commercial aircraft fleet size is likely to contribute to the growth of the commercial aircraft airframe materials market. Commercial aircraft are those that transport people and freight between certain airports on a regular basis. Increasing fleet size necessitates the use of aircraft airframe materials to create an aircraft’s structure, promoting the expansion of commercial aviation airframe materials. For example, according to Boeing’s commercial market estimate for 2021-2040, the worldwide commercial fleet is expected to exceed 49,000 planes by 2040. As a result, the growing fleet size of commercial aircraft is propelling the commercial aviation airframe materials market forward.
View More On The Commercial Aircraft Airframe Materials Market Report 2023 – https://www.thebusinessresearchcompany.com/report/commercial-aircraft-airframe-materials-global-market-report
- Key Trend
Technological progress is a significant trend that is gaining traction in the commercial aviation airframe materials market. Major players in the commercial aircraft airframe materials sector are concentrating on producing technologically sophisticated solutions in order to lead the market. For example, FACC, an Austrian aerospace business, is constructing a high-tech plant near Zagreb, Croatia, in 2022 to create lightweight components for commercial aeroplanes utilising the most advanced fiber-reinforced composite technology.
- Major Players
Major players in the commercial aircraft airframe materials market are Solvay S.A., Constellium SE, Arconic Corporation, Toray Industries Inc., Teijin Limited, Southwest Aluminium, Hexcel Corporation, VSMPO-AVISMA Corporation, ATI Industrial Automation, HITCO Carbon Composites Inc., Kobe Steel Ltd., Alcoa Corporation, AMG Advanced Metallurgical Group NV, and DuPont de Nemours Inc.
- Top Market Segments
The global commercial aircraft airframe materials market is segmented –
1) By Type: Aluminum Alloys, Titanium Alloys, Composites, Steel Alloys
2) By Application: Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft, Other Applications
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The Commercial Aircraft Airframe Materials Global Market Report 2023 provides an in-depth analysis on the commercial aircraft airframe materials market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the commercial aircraft airframe materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
View More Related Reports –
Commercial Services Global Market Report 2023
Commercial Aircraft Global Market Report 2023
Aircraft Cables Global Market Report 2023
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