This report provides exclusive insights into the COVID-19 impact on the Aerospace Nanotechnology Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Aerospace Nanotechnology Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Aerospace Nanotechnology Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on aerospace nanotechnology market provides an in-depth analysis of segments and sub-segments in the global as well as regional aerospace nanotechnology market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional aerospace nanotechnology market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global aerospace nanotechnology market. According to the report, the global aerospace nanotechnology market is projected to grow at a CAGR of 5.82% over the forecast period of 2019-2025.
The emergence of nanotechnology has drastically changed the dynamics of several end-user industries. Nanotechnology helps in manufacturing products with superior strength, durability, and lightweight. It has found significant application in the field of aerospace. By using nanotechnology, the manufacturers can develop products with greater strength and reduced weight, which helps to improve the performance of the aircraft. The aerospace nanotechnology market is highly competitive and fragmented in nature. Several well-established companies compete with the new market players for their share of the market. The key players including Airbus SE, Boeing Company, Lockheed Martin Corporation, Lufthansa Technik AG and others are focusing on the development of new manufacturing methods to reduce the production cost.
The increase in adoption of carbon nanotube nanocomposites in manufacturing of airframe is majorly driving the aerospace nanotechnology market. Reinforcing carbon nanotubes in a material improves the strength and durability of that material. This is useful for producing components for aircraft to improve its strength yet keeping its weight to a minimum. Moreover, the increasing investment on nanotechnology to develop lightweight materials is expanding the demand for aerospace nanotechnology. By using nanotechnology the weight of components and the equipment in the aircraft can be reduced, which reduces the overall weight of the aircraft. The reduced weight helps to improve the performance of the aircraft. Furthermore, the increase in the use of nanotechnology to manufacture propulsion systems, nano-sensors, and multiwall carbon nanotubes is supporting the growth of the aerospace nanotechnology market. However, the fluctuating prices of raw materials are the major restraining factor for the growth of the aerospace nanotechnology market. Nevertheless, the growing application of nanotechnology in maritime warfare is expected to offer lucrative opportunities for the key players in the aerospace nanotechnology market.
In terms of region, North America held the highest market share, dominating the global aerospace nanotechnology market. The dominance of the North America region attributed to the growing focus of OEMs, engine manufacturers, and component suppliers to reduce the overall weight of an aircraft and the increase in the adoption of nano and microsatellites. Moreover, the significant presence of global nanotechnology vendors is expected to boost the growth of the aerospace nanotechnology market in North America.
The report on global aerospace nanotechnology market covers segments such as nanomaterial type, and application. On the basis of nanomaterial type, the sub-markets include nanocomposites, nanoparticles, and nanocoatings. On the basis of application, the sub-markets include space & defense, and commercial aviation.
The report provides profiles of the companies in the market such as Airbus SE, Boeing Company, Nanotechnology Company Glonatech SA, Lockheed Martin Corporation, Flight Shield, Lufthansa Technik AG, tripleO Performance Solution, Zyvex Technologies, General Nano, LLC, TOUGHGUARD, LLC., and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of aerospace nanotechnology market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.