Missile Composites Market Worth US$ 141.8 million in 2022
Missile Composites Market report is a 159-page study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.
(EMAILWIRE.COM, January 22, 2019 )
Stratview Research has published a new research report on Missile Composites Market. This extensive 159-page report by Stratview Research analyses the growth of Missile Composites Market over the trend period of 2011 to 2015 and forecast period of 2017 to 2022 under the following segments -
• by Missile Type (Ballistic Missile, Cruise Missile, and Others)
• by Component Type (Rocket Motor Case, Radome, and Others)
• by Material Type (Ceramic Matrix Composites, and Others)
• by Range Type (Short, Medium, Long Range)
• and by Region (North America, Europe, Asia-Pacific, and RoW)
Go through the detailed scope: https://www.stratviewresearch.com/toc/293/missile-composites-market.html
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Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/293/missile-composites-market.html
Increasing procurement for missiles propelled by rising defense budget
The missile composites market is likely to exhibit attractive growth opportunities in the entire ecosystem with an expected market size of US$ 141.8 million in 2022. High usage of composites in missiles, increasing procurement for missiles propelled by rising defense budget of the developing economies, and an upgrade of missiles with the adoption of new technologies are some of the key factors proliferating the demand for composites in missiles.
North America to remain the largest market
Among regions, North America is expected to remain the largest market for missile composites during 2017-222. This high dominance of North America is primarily due to the high procurement of defense equipment including missiles and presence of a large number of manufacturers in the region. Asia-Pacific is likely to witness the highest growth rate during the same period (2017-2022), owing to rising defense budgets. China, India, and South Korea are likely to be the major growth engines of the missile composites market in Asia.
Top market players
The supply chain of this market comprises raw material suppliers, composite part fabricators, missile manufacturers, and government defense authorities. The major composite part fabricators for missiles are Meggitt PLC, General Dynamics Corporation, Orbital ATK Inc., Kaman Aerospace Corporation, Matrix Composites, Inc., and San Diego Composites, Inc. These composite part fabricators supply the parts to the missile manufacturers, such as Raytheon, Northrop Grumman, and Lockheed Martin. The buyers of the missiles include defense departments, government bodies, navy forces, armed forces, and others.
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
Stratview Research has published a new research report on Missile Composites Market. This extensive 159-page report by Stratview Research analyses the growth of Missile Composites Market over the trend period of 2011 to 2015 and forecast period of 2017 to 2022 under the following segments -
• by Missile Type (Ballistic Missile, Cruise Missile, and Others)
• by Component Type (Rocket Motor Case, Radome, and Others)
• by Material Type (Ceramic Matrix Composites, and Others)
• by Range Type (Short, Medium, Long Range)
• and by Region (North America, Europe, Asia-Pacific, and RoW)
Go through the detailed scope: https://www.stratviewresearch.com/toc/293/missile-composites-market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/293/missile-composites-market.html
Increasing procurement for missiles propelled by rising defense budget
The missile composites market is likely to exhibit attractive growth opportunities in the entire ecosystem with an expected market size of US$ 141.8 million in 2022. High usage of composites in missiles, increasing procurement for missiles propelled by rising defense budget of the developing economies, and an upgrade of missiles with the adoption of new technologies are some of the key factors proliferating the demand for composites in missiles.
North America to remain the largest market
Among regions, North America is expected to remain the largest market for missile composites during 2017-222. This high dominance of North America is primarily due to the high procurement of defense equipment including missiles and presence of a large number of manufacturers in the region. Asia-Pacific is likely to witness the highest growth rate during the same period (2017-2022), owing to rising defense budgets. China, India, and South Korea are likely to be the major growth engines of the missile composites market in Asia.
Top market players
The supply chain of this market comprises raw material suppliers, composite part fabricators, missile manufacturers, and government defense authorities. The major composite part fabricators for missiles are Meggitt PLC, General Dynamics Corporation, Orbital ATK Inc., Kaman Aerospace Corporation, Matrix Composites, Inc., and San Diego Composites, Inc. These composite part fabricators supply the parts to the missile manufacturers, such as Raytheon, Northrop Grumman, and Lockheed Martin. The buyers of the missiles include defense departments, government bodies, navy forces, armed forces, and others.
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
Contact Information:
Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results