Global Missile Composites Market to Reach US$ 141.8 million in 2022

Global Missile Composites Market 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), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022
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.

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The Global Missile Composites Market: Highlights

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.

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.

Missile Composites Market by Component Type

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 2017-222. 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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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 Meggitt PLC, General Dynamics Corporation, Orbital ATK Inc., Kaman Aerospace Corporation, Matrix Composites, Inc., and San Diego Composites, Inc. These composite part fabricators supply the parts to the missile manufacturers, such as Raytheon, Northrop Grumman, and Lockheed Martin. The buyers of the missiles include defense departments, government bodies, navy forces, armed forces, and others.
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
The global missile composites market is segmented into the following categories.

Global Missile Composites Market by Missile Type:
• Ballistic Missile
• Cruise Missile
Global Missile Composites Market by Component Type:
• Rocket Motor Case
• Radome
• Propulsion System
• Equipment Section
• Airframe
• Others
Global Missile Composites Market by Material Type:
• Ceramic Matrix Composites
• Glass Fiber-Reinforced Composites
• Carbon Fiber-Reinforced Composites
• Others
Global Missile Composites Market by Range Type:
• Short Range
• Medium Range
• Long Range
Global Missile Composites Market by Region:

• North America
• Europe
• Asia-Pacific
• Rest of the World

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Category : Aerospace & Defense
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Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

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