According to the recent study the composites in the global defense market is projected to reach an estimated $3 billion by 2030 from $1 billion in 2023 at a CAGR of 10% from 2023 to 2030. Growth in this market is primarily driven by increasing use of lightweight and high-performance materials in defense programs and growing need for lightweight materials in ballistic protection solutions.
Browse 83 figures/charts
and 76 tables in this 175-page report to understand trends, opportunities and
forecast in composites in the global defense market by application (military
aircraft, naval system, land vehicles, arms and ammunition, body armor, and
military hard wall shelter), reinforcement type (carbon composites, glass
composites, aramid composites, and ceramic composites), resin type (thermoset
composites, thermoplastic composites, and ceramic matrix), and region (North
America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that
military aircraft is expected to remain the largest segment, while body armor
is expected to witness the highest growth during the forecast period supported
by the growing demand for lightweight and high strength ballistic protection
materials.
Carbon fiber composite
is expected to remain the largest segment over the forecast period. Aramid
composite is expected to witness the highest growth due to its high-temperature
performance, better wear resistance, and good compressive strength.
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composites
in the global defense market.
North America is
expected to remain the largest market by value and volume. APAC is expected to
witness the highest growth over the forecast period because of growth of new
defense programs in the region.
Solvay, Hexcel
Corporation, Toray Industries, SGL Carbon SE, and Avient Corporation are the
major supplier composites in the global defense industry providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
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About Lucintel
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unmet needs analysis. We are based in
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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