Military Composites Market by Fiber Type (Glass, Carbon), Resin Type (Thermoset, Thermoplastic), Platform (Land, Airborne, Naval, Space), Application (Armor, Weapon, Airframe & Containers, Transportation Parts & Assemblies, Others) & Region - Global Forecast to 2022
Military composites are used in number of applications for their low weight, long life and ability to help protect people and equipment from harm. Aerial drones, armored fighting vehicles, submarines and body armor contain composite material. The manufacturers of composites are signing supply agreements with various end-use industries to secure their position in the military composites market. The increasing use of composites in military aircraft is the major factor driving the growth of the military composites market. Moreover, the presence of major military manufacturers and mass production of military parts using different composites are driving the growth of the military composites market. In February 2017, Honeywell recently announced that its Gold Shield ballistic composite materials are being used by Glagio do Brasil to create ballistic protective vests for Brazil’s second largest police force, located in the state of Minas Gerais.
The report provides in-depth analysis of the Military Composites Market. It provides information about the current trends in the market with respect to type, platform, application and, the geographic market scenario.
It throws light on the current market trends, the drivers and restraints of this market and the challenges faced in the market along with the burning issues that will impact the growth of this market.
The report provides information about the trends of the segments including military composite type, platform, application across geographies and about the top players in the global market.
The report also provides competitive situations and trends in the global scenario. There is a brief outline of the important contracts, collaborations, partnerships, agreements, mergers & acquisitions, and new product launches that occurred in Military Composites market in the last three years along with upcoming events.
The report provides information about the geographic life cycle analysis of Military Composites and the opportunities that exist across various regions. The regions considered for the report are North America, Latin America, Asia-Pacific, Africa, Europe, and the Middle East.
Growth opportunities and latent adjacency in Military Composites Market