Lucintel's latest market report analyzed that composites in the global defense industry provides attractive opportunities in the military aircraft, naval system, land vehicles, body armor, arms and ammunition, and military hard wall shelters market. The composites in the global defense industry market is expected to reach $836.4 billion by 2027 with a CAGR of 7.7%. In this market, military aircraft is the largest segment by application, whereas carbon fiber composite is largest by reinforcement type. The advanced composite materials as armor protection and focus on mobile capability of military shelters provides strategic growth path in this market.
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Based on application, the composites in the global defense industry is segmented into military aircraft, naval system, land vehicles, arms and ammunition, body armor, and military hard wall shelter. The military aircraft segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, while body armor is expected to witness the highest growth during the forecast period supported by the growing demand for lightweight and high strength ballistic protection materials.
Browse in-depth TOC on “Composites in the Global Defense Industry”
76 – Tables
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The Composites in the Global Defense Industry is marked by the presence of several big and small players. Some of the prominent players offering composites in the global defense industry include Cytec Solvay Group, Hexcel Corporation, Tencate Advanced Composites, SGL Carbon SE, Polystrand Inc. (Polyone), Bond Laminates (LANXESS), Toray Industries Inc., and Teijin Limited.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
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