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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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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Missile Composites Market

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