Lucintel's latest market report analyzed that high-speed aircraft and missile composite material provides attractive opportunities in the defense and commercial markets. The high-speed aircraft and missile composite material market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, airframe is the largest segment by subsystem, whereas defense is largest by end use industry.
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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. The airframe segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, 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.
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The High-Speed Aircraft and Missile Composite Material Market is marked by the presence of several big and small players. Some of the prominent players offering high-speed aircraft and missile composite material include ACPT, General Dynamics Mission Systems, Hexcel Corporation, Kaman Corporation, Solvay S.A., Teijin, and Applied Composites Holdings.
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