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The objective of the Aerospace Metal Matrix Composites (MMCs) Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Aerospace Metal Matrix Composites (MMCs) Market.
Market Insights – The Aerospace Metal Matrix Composites (MMCs) Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Aerospace Metal Matrix Composites (MMCs) Market are-
Materion Corporation,
AMETEK Inc.,
Powdermet Inc.,
Alvant Ltd.,
Triton Systems Inc.,
DWA Aluminium Composites USA, Inc.,
Gamma Alloys,
The 3M Company,
CPS Technologies Corp.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aerospace Metal Matrix Composites (MMCs) Market value and growth drivers over the trend period of 2019-24. According to the report -
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.
Segment Analysis:
Based on 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.
Based on Region:
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.
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Critical Questions Answered in the Report
l What are the key trends in the global Aerospace Metal Matrix Composites (MMCs) Market?
l How the Aerospace Metal Matrix Composites (MMCs) Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Aerospace Metal Matrix Composites (MMCs) Market?
l What are the key strategies adopted by the major vendors to lead in the Aerospace Metal Matrix Composites (MMCs) Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Aerospace Metal Matrix Composites (MMCs) Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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