Metal Matrix Composite Market Scope
Metal matrix composite material consists of metal combined with other substances, it delivers the mechanical and physical properties which conventional metal doesn't have. This material includes different benefits like stiffness, reduced weight, and high strength, the metal matrix composite is the lightweight structural material used in numerous applications like spacecraft, helicopters, aircraft etc. The types of metal matrix composite available are aluminum MMC, magnesium MMC, nickel MMC, refractor MMC, and others.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Materion Corporation (United States), The 3M Company (United States), CPS Technologies Corp. (United States), GKN Sinter Metals Engineering GmbH (Germany), Deutsche Edelstahlwerke GmbH (Germany), Plansee Group (Austria) and ITT Inc (United States) |
CAGR | 11.6% |
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Metal Matrix Composite market throughout the predicted period.
Materion Corporation (United States), The 3M Company (United States), CPS Technologies Corp. (United States), GKN Sinter Metals Engineering GmbH (Germany), Deutsche Edelstahlwerke GmbH (Germany), Plansee Group (Austria) and ITT Inc (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Ferrotec Corporation (United States) and CeramTec GmbH (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Metal Matrix Composite market by Type , by Application (Land Transport, Electronics/Thermal Management, Temperature Control, Industrial and Other) and Region with country level break-up.
On the basis of geography, the market of Metal Matrix Composite has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In
In July 2019, Matrix Composites Inc. has been acquired by energy, transportation, and industrial manufacturing company ITT Inc. Matrix, a specialty aerospace component manufacturer located on the Florida Space Coast, has more than two decades of experience specializing in the manufacture of precision composite components for next-generation, high-growth aircraft, and aircraft engine platforms. ITT's acquisition aligns with its growth strategy focused on enhancing its product portfolio with innovative, technologically differentiated businesses. Matrix Composites will expand ITT Connect and Control Technologies' core aerospace product and technology capabilities.
Influencing Trend:
Increasing Usage of Metal Matrix Composite in Temperature Control
Market Growth Drivers:
Demand for Increased Strength of Conducting Materials used for Maintaining the High Conductivity in Various Applications
Challenges:
Corrosion Related Risks Involved in Metal Matrix Composite Materials
Restraints:
Adverse Environmnetal Impact of Metal Matrix Composite Materials
Opportunities:
Rising Development Activities in Systems Solution Used in Metal Matrix Composite Materials
Key Target Audience
Metal Matrix Composite Manufacturers, Metal Matrix Composite International Traders, Metal Matrix Composite Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others