Defense Composites Market Insights
Defense Composites Market is likely to witness a CAGR of 2.2% during the forecast period. Increasing usage of lightweight and high-performance materials in defense programs and growing need for lightweight advanced materials in ballistic-protection solutions are the major factors driving the growth of the global defense composites market.
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Defense Composites Market - Snapshot
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Growth
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2.2% for the next five years
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Major Type
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Military aircraft
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Dominant Reinforcement Type
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Carbon composites
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Region with the highest demand
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North America
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Key Players
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Cytec-Solvay Group, Hexcel Corporation, TenCate Advanced Composites, SGL Carbon SE, Polystrand, Inc., Bond Laminates, Toray Industries Inc., and Teijin Limited.
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Market Share Analysis
Defense Composites Market Share: By Type
Based on the type, the global defense composites market is segmented into military aircraft, naval systems, land vehicle, arms & ammunition, and military hard wall shelter. Military aircraft is expected to remain the largest segment of the defense composites market during the forecast period. Growing focus towards stealth technology and improve fuel efficiency of aircraft are the major factors propelling the demand for composites in the military aircraft segment.
Defense Composites Market Share: By Reinforcement Type
Based on the reinforcement type, the defense composites market has been segmented as carbon composites, glass composites, aramid composites, and ceramic composites. Carbon composites are likely to remain the largest segment, whereas ceramic composites are expected to register the highest growth during the forecast period.
Defense Composites Market Share: By Region
In terms of regions, North America is expected to remain the largest market for defense composites during the forecast period. The US is the growth engine of the North American defense composites market, owing to the presence of major defense and military products & service providing companies, tier players, and raw material suppliers.
Defense Composites Market: Key Players
Some of the major defense composite manufacturers are Cytec-Solvay Group, Hexcel Corporation, TenCate Advanced Composites, SGL Carbon SE, Polystrand, Inc., Bond Laminates, Toray Industries Inc., and Teijin Limited.
Market Scope & segmentation
Defense Composites are now highly in use for land systems, naval vessels, UAVs, weapons, and military aircraft. These are known to offer a lesser impact to the environment in comparison to systems made up of metal.
Defense Composites can be carbon composites, glass composites, ceramic composites, and aramid composites. Different types of resins such as thermoset composites, ceramic matrix composites, and thermoplastic composites are used for the defense composites.
This report studies the market covering a period of 12 years of trend and forecast. 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.
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Defense Composites Market Report - Features
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Market Segmentation
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4
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Regions Covered
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4
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Countries/Sub-Regions Covered
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15
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No. of Figures & Tables
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>150
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Company Profiles
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8
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The defense composites market is segmented into the following categories.
Defense Composites Market Size, Share, & Forecast, by Type:
- Military Aircraft
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Type Analysis: Structural Components, Control Surface, Engine Components, Helicopter Rotor Blade, and Others)
- Naval Systems
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Type Analysis: Superstructure, Rudder, and Others)
- Land Vehicle
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Type Analysis: Vehicle Armor and Other Carriers)
- Body Armor
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Type Analysis: Vest Protection Plate, Soldier Helmets, and Others)
- Arms & Ammunition (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Military Hard Wall Shelter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Defense Composites Market Size, Share, & Forecast, by Reinforcement Type:
- Carbon Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Glass Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Ceramic Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aramid Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Defense Composites Market Size, Share, & Forecast, by Resin Type:
- Thermoset Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Ceramic Matrix Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Thermoplastic Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Defense Composites Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is 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. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the types by resin type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
