Aerospace Metal Matrix Composites Market to Reach US$ 176.1 million in 2024
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  • Aerospace Metal Matrix Composites Market to Reach US$ 176.1 million in 2024

     



    (Transportation-News.com, December 08, 2018 )

    Stratview Research announces the launch of a new research report on 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.



    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.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.



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    The 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 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.



    Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

    Stratview Research

    Ritesh Gandecha

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    sales@stratviewresearch.com

    Source: EmailWire.Com

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