The US ceramic matrix composites (CMCs) market is expected to grow at a CAGR of 8.4% during the forecast period. The US is considered to hold the major share in the US CMC market owing to its adoption in various applications such as aerospace and defense, power generation applications, aircraft applications, space applications, and others. The aerospace industry in the US is the largest across the globe as per the International Trade Administration (ITA). The US aerospace manufacturers are quite competitive internationally. In 2018, the industry contributed $151 billion in export sales to the US economy. At the end of 2018, the inward stock of foreign direct investment (FDI) into the US aerospace manufacturing industry totaled nearly $22 billion. There is a huge scope for CMCs in the aerospace industry in commercial aircraft, military aircraft, and space segments. This leads to the demand for lightweight materials in the industry and the capability of CMC components for performing better at high temperatures. 

One of the CMC part manufacturers in the region is GE Aviation. The company in 2017 announced its plan of having more than 750 US employees dedicated to its CMC industry by 2020. In just 10 years, the company has spent over $1.5 billion for bringing advanced CMC technology to market. Further, in March 2018, GE Aviation invested around $105 million in its CMC components manufacturing plant in Asheville, North Carolina, US, for meeting the growing product demand.

The players in the market include General Electric Co., United Technologies Corp., and Axiom Materials, Inc. These players are adopting several strategies to expand market share and gain a competitive advantage over their competitors. For instance, In November 2019, Pratt & Whitney, a manufacturer of commercial and military jet engines and a division of United Technologies Corp., declared that it will open a new ceramic matrix composites (CMCs) research & development (R&D) facility in Carlsbad, California, US. With the addition of this 60,000 square-foot R&D facility, the company will offer novel CMC materials to both their commercial and military customers. 

Research Methodology

The market study of the US 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. US CMC Market Research and Analysis, By Product Type
2. US CMC Market Research and Analysis, By End-Use Industry

The Report covers:

• Comprehensive research methodology of the US 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 US CMC market.
• Insights about market determinants which are stimulating the US CMC market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.