According to the recent study the composites in the global defense industry is projected to reach an estimated $836.4 billion by 2027 from $618.4 billion in 2021, at a CAGR of 7.7% from 2021 to 2027. 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 industry 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).
Download sample report by clicking on below link
https://www.lucintel.com/composites-in-defense-industry.aspx
“Military aircraft market is expected to
remain the largest segment during the forecast period.”
Based on application,
the composites in the global defense industry is segmented into military aircraft,
naval system, land vehicles, arms and ammunition, body armor, and military hard
wall shelter. Lucintel forecasts that the military aircraft market is expected
to remain the largest segment due to 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.
“Within the composites in the global defense industry, the carbon
fiber composite segment is expected to remain the largest reinforcement type.”
Based on reinforcement
type the carbon fiber composite segment is expected to witness the highest
growth over the forecast period.
“North America will dominate the composites in the global defense
industry in near future.”
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.
Download Brochure of this report by clicking on https://www.lucintel.com/composites-in-defense-industry.aspx.
Major players of
composites in the global defense industry are adopting various growth
strategies like new product launches, expansions, merger and acquisitions,
partnerships, agreements, and collaborations to expand their presence in this
market. Cytec Solvay Group, Hexcel Corporation, Tencate Advanced Composites,
SGL Carbon SE, Polystrand Inc. (Polyone), Bond Laminates (LANXESS), Toray
Industries Inc., and Teijin Limited are among the major 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 click on this link https://www.lucintel.com/composites-in-defense-industry.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer
solutions for you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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