Defense Composites Market to offer a healthy CAGR of 2.2% during 2020-25
February 11, 2020
Defense Composites Market Overview:
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.
Report Overview:
This new report from Stratview Research analyses the Defense Composites Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Get a free sample of the report here:
https://www.stratviewresearch.com/Request-Sample/722/defense-composites-market.html
Defense Composites Market Segment Insights:
Military aircraft: The growth engine
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.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/722/defense-composites-market.html
A highly/moderately/fragment consolidated Market
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.
Regional Hegemony of North America & the dominance of Carbon Composites
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.
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.
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