Market Research Report
Growth Opportunities for Composites in the Global Defense Industry
|Published by||Lucintel||Product code||660253|
|Published||Content info||169 Pages
Delivery time: 1-2 business days
|Growth Opportunities for Composites in the Global Defense Industry|
|Published: June 1, 2018||Content info: 169 Pages||
The future of the composite materials in the global defense industry looks good with opportunities in military aircraft, naval systems, land vehicle, body armor, arms & ammunition, and military hard wall shelter. The composite materials market in the global defense industry is expected to reach an estimated $670 million by 2023 and is forecast to grow at a CAGR of 1.8% from 2018 to 2023. Some of the applications of composites in the defense industry are helicopter rotor blade, ballistic protection plates, control surface, radome, doors, and fuselage. The major growth drivers for this market are increasing use of lightweight and high-performance materials in defense programs and growing need for lightweight materials in ballistic protection solutions.
Emerging trends, which have a direct impact on the dynamics for composites in defense industry, include the adoption of nano-technology in ballistic protection materials and growing focus on stealth technology for military aircrafts.
A total of 81 figures / charts and 78 tables are provided in this 169 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details for composites in defense industry report, download the report brochure.
composites by reinforcement
composites in defense trends
Composites in Defense Industry by Market Segment [Volume (M lbs) and $M shipment analysis for 2012-2023]:
Military Aircraft Structural Components Control Surface Engine Components Helicopter Rotor Blade Others Naval Systems Superstructure Rudder Others Land Vehicles Vehicle Armor Others Body Armor Vest Protection Plate Soldier Helmets Others Arms and Ammunition Military Hard Wall Shelter
Composites in Defense Industry by Reinforcement [Volume (M lbs) and $M shipment analysis for 2012-2023]:
Carbon Composites Glass Composites Ceramic Matrix Composites Aramid Composites
Composites in Defense Industry by Resin [Volume (M lbs) and $M shipment analysis for 2012-2023]:
Thermoset Composites Ceramic Matrix Composites Thermoplastic Composites
Composites in Defense Industry by Region [Volume (M lbs) and $M shipment analysis for 2012-2023]:
North America US Rest of North America Europe France Germany United Kingdom Rest of Europe Asia Pacific China Japan Rest of Asia Pacific Rest of the World Brazil Israel ROW
Some of the companies supplying composite materials for defense industry are Cytec-Solvay, Hexcel, Tencate, Polystrand, and Toray.
Lucintel forecasts that the 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.
By reinforcement type, carbon fiber composite is expected to remain the largest segment over the forecast period. Ceramic matrix composite is expected to witness the highest growth due to its high-temperature performance, better wear resistance, and good compressive strength.
North America is expected to remain the largest market by value and volume. ROW is expected to witness the highest growth over the forecast period because of growth of new defense programs in the region.