Missile Composites Market Report
Missile Composites Market is Segmented by Missile Type (Ballistic Missile and Cruise Missile), by Component Type (Rocket Motor Case, Radome, Propulsion System, Equipment Section, Airframe, and Others), by Material Type (Ceramic Matrix Composites, Glass Fiber-Reinforced Composites, Carbon Fiber-Reinforced Composites, and Others), by Range Type (Short Range, Medium Range, and Long Range), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Missile Composites Market is Segmented by Missile Type (Ballistic Missile and Cruise Missile), by Component Type (Rocket Motor Case, Radome, Propulsion System, Equipment Section, Airframe, and Others), by Material Type (Ceramic Matrix Composites, Glass Fiber-Reinforced Composites, Carbon Fiber-Reinforced Composites, and Others), by Range Type ...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The global missile composites market is likely to exhibit attractive growth opportunities in the entire ecosystem with an expected market size of US$ 141.8 million in 2022. High usage of composites in missiles, increasing procurement for missiles propelled by rising defense budget of the developing economies, and an upgrade of missiles with the adoption of new technologies are some of the key factors proliferating the demand for composites in missiles.
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The global missile composites market is segmented based on missile type as Ballistic Missile and Cruise Missile. Ballistic missile currently accounted for a larger share in the global missile composites market and is projected to maintain its dominance during the forecast period. Increasing procurement of ballistic missiles owing to their precision-striking and long-distance coverage capabilities coupled with the high usage of composite parts is driving the growth of the segment.
Based on the component type, the missile composites market is segmented by Rocket Motor Case, Radome, Propulsion System, Equipment Section, Airframe, and Others. Rocket motor case is projected to remain the most dominant component in the global missile composites market during the forecast period. There are a wide array of factors bolstering the demand for composites in the rocket motor case including their design abilities to withstand high pressure and thermal loads for effective flight and propulsion system of missiles. Composite has been a perennial choice of material in rocket motor case for increasing the range and payload weight capacity.
Based on the material type, the global missile composites market is segmented as Ceramic Matrix Composites, Glass Fiber-Reinforced Composites, Carbon-Fiber Reinforced Composites, and others. Carbon fiber composite is projected to remain the most preferred material type in the global missile composites market during the forecast period. The material type is also likely to witness the highest growth during the same period. Carbon fiber offers many advantages over glass fiber including excellent temperature resistance, high strength-to-weight ratio, and low weight. All the major composite applications of missiles are mainly fabricated using carbon fiber composites.
Among regions, North America is expected to remain the largest market for missile composites during 2017-2022. This high dominance of North America is primarily due to the high procurement of defense equipment including missiles and presence of a large number of manufacturers in the region. Asia-Pacific is likely to witness the highest growth rate during the same period (2017-2022), owing to rising defense budgets. China, India, and South Korea are likely to be the major growth engines of the missile composites market in Asia.
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Trend & Forecast Period
Size in 2022
US$ 141.8 million
North America, Europe, Asia-Pacific, Rest of the World
Figures & Tables
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The global missile composites market is segmented into the following categories.
The supply chain of this market comprises raw material suppliers, composite part fabricators, missile manufacturers, and government defense authorities.
The major composite part fabricators for missiles are-
These composite part fabricators supply the parts to the missile manufacturers, such as-
The buyers of the missiles include defense departments, government bodies, navy forces, armed forces, and others.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
This report, from Stratview Research, studies the global missile composites market over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. The following are the key features of the report:
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The missile composites market size is expected to reach US$ 141.8 million in 2022.
The major composite part fabricators for missiles are Meggitt PLC, General Dynamics Corporation, Orbital ATK Inc., Kaman Aerospace Corporation, Matrix Composites, Inc., and San Diego Composites, Inc.
North America is expected to remain the largest missile composites market during the forecast period of 2017-22.
Asia-pacific is expected to witness the highest growth in the missile composites market in the coming five years.
Carbon fiber composite is expected to remain dominant material type in the missile composites market in the coming years.
Rocket motor case is expected to remain dominant component type in the missile composites market during the forecast period.
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