Missile Composites Market size of US$ 141.8 million in the forecast period (2017-2022)

The report on the Missile Composites Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2017-2022. The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Missile Composites Market is expected to inflate at a size of US$ 141.8 million by the forecast period (2017 – 2022).

As per the report, the market is segmented by:
•by Missile Type (Ballistic Missile, Cruise Missile, and Others) – Ballistic missile will remain the most dominant segment in Missile Type.
•by Component Type (Rocket Motor Case, Radome, and Others) – Rocket motor case will remain the most dominant component.
•by Material Type (Ceramic Matrix Composites, and Others) – Carbon fiber composite will remain the most preferred material type in the market.
•by Range Type (Short, Medium, Long Range)
●and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

Table Of Contents: https://www.stratviewresearch.com/toc/293/missile-composites-market.html

Highlights of the Report:
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 2017-222. 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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Key Players of the Market
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.

Features of the Report
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. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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This release was published on openPR.