According to the recent study the high-speed aircraft and missile composite material market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by increasing defense spending on hypersonic and supersonic aircraft and missiles and growing requirement for better operational efficiency driving the demand for composite materials.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in high-speed aircraft and missile composite material market by subsystem (airframe, propulsion, avionics, electrical system, control system, weapon system, undercarriage, and others), material (fiber, resin, and ceramic matrix composites), manufacturing process (automated fiber placement, compression molding, additive manufacturing, and others), end use industry (defense, commercial and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Airframe market is expected to remain the largest segment during the forecast period.”

Based on subsystem, the high-speed aircraft and missile composite material market is segmented into airframe, propulsion, avionics, electrical system, control system, weapon system, undercarriage, and others. Lucintel forecasts that the airframe market is expected to remain the largest segment due to the huge usage of plastic and metal composites in the major units that include wings, fuselage, stabilizers, flight control surfaces, and landing gear structure of aircraft and missiles.

“Within the high-speed aircraft and missile composite material market, the defense segment is expected to remain the largest end use industry”

Based on end use industry the defense segment is expected to witness the highest growth over the forecast period due to the augmenting usage of high speed aircrafts and missiles in military and defense industry thereby driving the demand for composite materials as well.

“Europe will dominate the high-speed aircraft and missile composite material market in near future”

Europe will remain the largest region due to the growing concern about national safety, presence of big aerospace and defence companies and continuous development of new hybrid composites in the region.

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Major players of high-speed aircraft and missile composite material market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. ACPT, General Dynamics Mission Systems, Hexcel Corporation, Kaman Corporation, Solvay S.A., Teijin, and Applied Composites Holdings are among the major high-speed aircraft and missile composite material providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/high-speed-aircraft-and-missile-composite-material-market.aspx or [email protected]