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Airtech Europe
Airtech Europe
Techtextil NA & TexProcess

22nd December 2018

Growth Opportunities for Composites in the Global Defense Industry


Report summary

The future of the composite materials in the global defense industry looks good with opportunities in military aircraft, naval systems, land vehicle, body armor, arms & ammunition, and military hard wall shelter. The composite materials market in the global defense industry is expected to reach an estimated $670 million by 2023 and is forecast to grow at a CAGR of 1.8% from 2018 to 2023. Some of the applications of composites in the defense industry are helicopter rotor blade, ballistic protection plates, control surface, radome, doors, and fuselage. The major growth drivers for this market are increasing use of lightweight and high-performance materials in defense programs and growing need for lightweight materials in ballistic protection solutions.

Emerging trends, which have a direct impact on the dynamics for composites in defense industry, include the adoption of nano-technology in ballistic protection materials and growing focus on stealth technology for military aircrafts.

A total of 81 figures / charts and 78 tables are provided in this 169 -page report to help in your business decisions.

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Growth Opportunities for Composites in the Global Defense Industry

169 pages, print format

Publication date: June 2018

Publisher: Lucintel

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