A composite material is a combination of two or more different materials, whose quality is superior to that of its constituents. Composite materials are used not only in a wide range of structural applications but also in electrical, thermal, and various other applications. In modern warfare, combat soldiers, their support equipment, vehicles, and other military hardware require personnel and ballistic armor systems for protection against a variety of enemy threats such as bullets, projectiles, fragments, rockets, and missiles. Ballistic resistant amours are also widely used for the protection of aircraft and armored vehicles, which are   prone to attack by high velocity armor piercing projectiles, where a very high degree of ballistic protection is essential. For such applications, armors made of extremely hard ceramics as outer facings backed with high-strength metal alloys and composite materials are used. Widely popular armors are made of Kevlar reinforced polymer composites. Several advanced composite materials used for several missile applications. Composite materials are used in solid motor case, pressure vessel, interstages, payload adopter, ablative liners, and nozzle throat inserts of missiles.

Global Missile Composites Market Segmentation:

Based on missile, the missile composites market can be segmented into ballistic and cruise missile. In terms of fiber, the missile composites market can be classified in to glass fiber and carbon fiber. Based on component, the market can be classified into rocket motor case, propulsion system, radomes, equipment section, airframe, and others. The rocket motor case segment held a major share of the global missile composites market in 2017. This is due to the design abilities of composites to withstand high pressure and thermal loads for effective flight and propulsion systems of missiles. Composite has been a perfect choice of material in rocket motor cases for increasing the range and payload weight capacity of missiles. In terms of composite, the missile composites market can be divided into ceramic matrix composites, carbon fiber reinforced composites, advanced composites, and others.  

In missiles, composites were first used in fiberglass-epoxy radomes of subsonic missiles and filament-wound rocket motor cases of strategic missiles. Missile composites offer flexibility in design to manufacturers to develop complicated parts with great shapes. Composite materials are efficient and the correct choice of materials, which can satisfy all the demands of the missile industry. Recent advancements and developments in composite technology using fiber-reinforced polymer composites have had a significant effect on the missile industry. 

Global Missile Composites Market: Regional Outlook

In terms of region, global missile composites market can be segmented into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe constituted a prominent market share of the global missile composites market in 2017. Europe and North America cumulatively accounted for more than 60% share of the global missile composites market in 2017. The market in Asia Pacific is estimated to expand at a rapid pace during forecast period, in terms of both value and volume. This is owing to expansion in the missile industry in the region. China, India, and Japan are prominent countries of the missile composites market in Asia Pacific. The market in Europe is anticipated to see considerable growth in the coming years. An increase in demand for missile composites in Europe can be attributed to the rapidly growing concern about national safety. North America is an emerging region of the missile composites market, led by the presence of many manufacturers in the region. The U.S. is a major country of the missile composites market in North America. Demand for missile composites is expected to increase in the U.S. and Canada during the forecast period, owing to a rise in demand for developing advanced missiles. The missile composites market in North America, Europe, and Asia Pacific is estimated to expand at a rapid pace, while that in Latin America and Middle East & Africa is projected to expand at a moderate pace during the forecast period. 

Global Missile Composites Market: Key Players

Prominent companies operating in the global missile composites market include Lockheed Martin Space Systems, General Dynamics Ordnance and Tactical Systems, San Diego Composites, Inc.(SDC),  MBDA, and Airspeed Pty Ltd. In October 2015, SDC was presented a Special Commendation from NASA for its contributions to the development of the 3D-MAT material used on Orion spacecraft. The 3D-MAT material is an advanced TPS that is an enabling technology for future exploratory space missions.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Missile Composites Market

Pre Book