Press release
Defense Composites Market is Forecasted to Reach US$ 0.8 Billion in 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global Defense Composites Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/722/defense-composites-market.html#form
Report Highlights:
Market Size in 2028: US$ 0.8 billion
Growth (CAGR): 4.7% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Defense Composites Market:
The global Defense Composites Market is segmented reinforcement type, resin type, application type, and region
Based on the reinforcement type: The market is segmented into carbon composites, glass composites, aramid composites, and ceramic composites. Carbon composite is anticipated to remain the most preferred material type in the market during the forecast period. The lightweight characteristic combined with high-tensile strength gives carbon fiber a clear advantage over its metal counterparts for many military and defense applications. In addition, an expected increase in production rates of the key military aircraft programs is expected to give additional impetus to the demand for carbon composites during the forecast period.
Based on the resin type: The market is segmented into thermoset composites, thermoplastic composites, and ceramic matrix composites. Thermoplastic composite is expected to witness the highest growth in the market during the forecast period. High-impact resistance, strength, sustainability, ease of production, and re-formability are the major factors driving the growth of thermoplastic composites in the defense industry. On the other hand, thermoset composite is anticipated to remain the most dominant category in the years to come.
To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/722/defense-composites-market.html#form
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis North America is expected to remain the largest market for defense composites during the forecast period. This growth outlook is majorly attributed to the following-
• Major factors such as increasing focus on composite-rich military aircraft, lightweight defense vehicles, and weight reduction in personal protection equipment, such as body armor, tactical helmets, and shields, are fueling the growth of composites in the North American defense industry.
• Asia-Pacific and Europe are also likely to create sizeable opportunities in the coming five years.
Defense Composites Market Drivers:
The Defense Composites Market is driven by several key factors, including:
The increasing demand for lightweight and high-strength materials in military and defense applications is the primary driver of the defense composites market. Apart from this, there are several other factors that drive the global market for defense composites. Such as-
• Rising military and defense spending in developing countries,
• With the increasing demand for unmanned aerial vehicles (UAVs) and drones,
• The shift towards eco-friendly and sustainable materials in defense and military applications.
Top 10 Companies in the Defense Composites Market:
Stratview Research has identified the following companies as the top market players:
• Hexcel Corporation
• Solvay S.A.
• Toray Industries, Inc.
• Teijin Limited
• Owens Corning
• Mitsubishi Chemical Group Corporation
• Sigmatex (UK) Limited
• SGL Carbon SE
• DuPont de Nemours, Inc.
• Lanxess AG
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Defense Composites Market , answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Aerospace & Defense Thermoplastic Composites Market: https://www.stratviewresearch.com/299/aerospace-&-defense-thermoplastic-composites-market.html
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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