North American ceramic matrix composites (CMCs) market is expected to grow at a CAGR of 8.6% during the forecast period. North America held the largest share of 35.9% in the global CMC market in 2018. The market growth in the region is primarily driven by the high production of aircraft engines and high manufacturing capital in aerospace & defense, coupled with the presence of several small-to-large players in the region. Further, the presence of major aircraft players in the region is offering potential growth opportunities for the market in the region. Along with the presence of major aircraft players, the region significantly invests in military expenditure which as a result, is supporting the market growth. The US and Canada being the major economies of North America spend a substantial amount of the GDP on the military and defense. For instance, as per the Stockholm International Peace Research Institute (SIPRI), the US invested $649 billion in its military spending in 2018.

Some crucial players in the market include General Electric Co., United Technologies Corp., and Axiom Materials, Inc. These players are focusing on R&D operations for CMC applications in several industries. For instance, GE is expanding its CMC production facility to meet the growing demand for jet engines. In March 2018, GE Aviation declared that it is investing an additional $105 million in its Asheville, North Carolina, production facility to meet the growing demand for the CMC components manufactured at the plant. The company won the orders for their next-generation engines such as the GE9X and the CFM LEAP. As part of the investment, the company aims to increase its workforce that will support the development of next-generation engines. 

Research Methodology

The market study of the North American CMC market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. North American CMC Market Research and Analysis, By Product Type
2. North American CMC Market Research and Analysis, By End-Use Industry

The Report covers:

• Comprehensive research methodology of the North American CMC market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American CMC market.
• Insights about market determinants which are stimulating the North American CMC market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.