Lucintel Forecasts Composites in the Global Defense Industry to Reach $3.0 billion by 2030
Lucintel Forecasts Composites in the Global Defense Industry to Reach $3.0 billion by 2030
Blog Article
According to the recent study the composites in the global defense industry is projected to reach an estimated $3.0 billion by 2030 from $1.4 billion in 2023, at a CAGR of 10.0% from 2024 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 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).
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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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 [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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