The ceramic matrix composites (CMC) market is forecasted to grow by USD 3231.65 mn during 2023-2028, accelerating at a CAGR of 10.93% during the forecast period. The report on the ceramic matrix composites (CMC) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising innovations and government funding in the aerospace industry, technological advancements in the manufacturing processes of CMCs, and growing demand for energy-efficient systems.
Technavio's ceramic matrix composites (CMC) market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
10.34%
CAGR
10.93%
Incremental Value
$3231.65mn
By Application
Aerospace and defense
Automotive
Power and energy
Others
By Product
Oxide
Silicon carbide
Carbon
By Geographical Landscape
North America
Europe
APAC
Middle East and Africa
South America
This study identifies the rise in new CMC product launches as one of the prime reasons driving the ceramic matrix composites (CMC) market growth during the next few years. Also, the growing adoption of chemical vapor infiltration (CVI) and the emergence of fiber-reinforced ceramic composites (FRCCs) will lead to sizable demand in the market.
The report on the ceramic matrix composites (CMC) market covers the following areas:
Ceramic matrix composites (CMC) market sizing
Ceramic matrix composites (CMC) market forecast
Ceramic matrix composites (CMC) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ceramic matrix composites (CMC) market vendors including applied thin films inc., Axiom Materials, CeramTec GmbH, CFC Carbon Co. Ltd., COIC, Compagnie de Saint Gobain, Composites United e V, CoorsTek Inc., General Electric Co., Kyocera Corp., LANCER SYSTEMS, Mitsubishi Chemical Group Corp., Rolls Royce Holdings Plc, Safran SA, SGL Carbon SE, Spirit AeroSystems Inc., Starfire Systems Inc., Ube Corp., Ultramet, YuCMC Co. Ltd., 3M Co., National Composites Centre, and TISICS. Also, the ceramic matrix composites (CMC) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global ceramic matrix composites (CMC) market 2018 - 2022
4.2 Application Segment Analysis 2018 - 2022
4.3 Product Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Application
6.1 Market segments
6.2 Comparison by Application
6.3 Aerospace and defense - Market size and forecast 2023-2028
6.4 Automotive - Market size and forecast 2023-2028
6.5 Power and energy - Market size and forecast 2023-2028
6.6 Others - Market size and forecast 2023-2028
6.7 Market opportunity by Application
7 Market Segmentation by Product
7.1 Market segments
7.2 Comparison by Product
7.3 Oxide - Market size and forecast 2023-2028
7.4 Silicon carbide - Market size and forecast 2023-2028
7.5 Carbon - Market size and forecast 2023-2028
7.6 Market opportunity by Product
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 APAC - Market size and forecast 2023-2028
9.6 Middle East and Africa - Market size and forecast 2023-2028
9.7 South America - Market size and forecast 2023-2028