About Missile Composites
Significant advancement in the missile materials and structures driving the demand for missile composites. Additionally, increasing defense expenditure of developing economies and technological advancement in the composite material propelling the market growth. The composite material is a fusion of two or more different materials, whose quality is higher than that of its constituents. These materials are used in ablative liners, nozzle throat inserts, solid motor cases, and payload adopters of missiles.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.52% |
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the missile composites market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Missile Composites market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Matrix Composites, Inc. (United States), General Dynamics Corporation (United States), Meggitt PLC (United Kingdom), Orbital ATK Inc. (United States), Kaman Aerospace Corporation (United States), San Diego Composites, Inc. (United States), Lockheed Martin Space Systems (United States), MBDA (France) and Airspeed Pty Ltd. (Australia) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Missile Composites market by , Application (Aerospace, Defense and Secuity) and Region.
On the basis of geography, the market of Missile Composites has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Missile, the sub-segment i.e. Cruise Missile will boost the Missile Composites market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Composites, the sub-segment i.e. Ceramic Matrix Composites will boost the Missile Composites market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fiber, the sub-segment i.e. Glass Fiber will boost the Missile Composites market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Radome will boost the Missile Composites market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement in Missile Material and Structures and Growing Adoption for Ballistic Missile
Market Growth Drivers:
Growing Popularity of Composites in Terms of Durability & Light Weight and Increasing Defense Expenditure of Developing Economies
Challenges:
Lack of Awareness on the Emerging Economies
Restraints:
Stringent Government Regulations Regarding the Use of Missiles
Opportunities:
Upgradation of Missiles with New Materials and Miniaturization of Missiles Components
Market Leaders and their expansionary development strategies
In September 2023, INTRACOM DEFENSE (IDE) announced the contract award by RAYTHEON TECHNOLOGIES for the production of electronic modules for the support and sustainment of the surface-to-air Rolling Airframe Missile (RAM). The contract valued at 4.16 million USD, signifies an expansion of the long-lasting successful cooperation between the two companies and solidifies IDE’s position as a key supplier in the global supply chain of RAYTHEON TECHNOLOGIES.
In December 2023, Launch and space systems company Rocket Lab USA Inc. (Long Beach, Calif., U.S.) has revealed new details concerning the design, materials, propulsion and reusability architecture for its next-generation composite Neutron launch vehicle in a virtual event streamed via Rocket Lab’s
Key Target Audience
Missile Composites Providers, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.