According to a market report by Lucintel, the future of the high-speed aircraft and missile composite material market looks promising with opportunities in the defense and commercial markets. The global high-speed aircraft and missile composite material market is expected to grow with a CAGR of 2% to 4% from 2023 to 2028. The major drivers for this market are increasing defense spending on hypersonic and supersonic aircraft and missiles and growing requirement for better operational efficiency driving the demand for composite materials.
In this market, airframe, propulsion, avionics, electrical system, control system, weapon system, and undercarriage are the major segments by subsystem type. Lucintel forecasts that airframe will remain the largest segment over the forecast period due to the huge usage of plastic and metal composites in the major units that include wings, fuselage, stabilizers, flight control surfaces, and landing gear structure of aircraft and missiles.
Within this market, defense is expected to remain the largest segment due to the augmenting usage of high speed aircraft and missiles in military and defense industry, thereby driving the demand for composite materials as well.
Europe will remain the largest region due to the growing concern about national safety, presence of big aerospace and defence companies and continuous development of new hybrid composites in the region.
ACPT, General Dynamics Mission Systems, Hexcel Corporation, Kaman Corporation, Solvay S.A., Teijin, and Applied Composites Holdings are the major suppliers in the global high-speed aircraft and missile composite material market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global high-speed aircraft and missile composite material market by subsystem, material, manufacturing process, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global High-Speed Aircraft and Missile Composite Material Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global high-speed aircraft and missile composite material market by subsystem, material, manufacturing process, end use industry, and region, as follows:
High-Speed Aircraft and Missile Composite Material Market by Subsystem [Value ($B) Shipment Analysis from 2017 to 2028]:
· Airframe
· Propulsion
· Avionics
· Electrical System
· Control System
· Weapon System
· Undercarriage
· Others
High-Speed Aircraft and Missile Composite Material Market by Material [Value ($B) Shipment Analysis from 2017 to 2028]:
· Fiber
· Resin
· Ceramic Matrix Composites
High-speed aircraft and missile composite material Market by Manufacturing Process [Value ($B) Shipment Analysis from 2017 to 2028]:
· Automated Fiber Placement
· Compression Molding
· Additive Manufacturing
· Others
High-Speed Aircraft and Missile Composite Material Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
· Defense
· Commercial
· Others
High-Speed Aircraft and Missile Composite Material Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global High-Speed Aircraft and Missile Composite Material Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel 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.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the high-speed aircraft and missile composite material market by subsystem (airframe, propulsion, avionics, electrical system, control system, weapon system, undercarriage, and others), material (fiber, resin, and ceramic matrix composites), manufacturing process (automated fiber placement, compression molding, additive manufacturing, and others), end use industry (defense, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and what has its impact been on the industry?