Global Aerospace and Defense Composites Market and Technology Forecast to 2029

  • 400703.00 Rs.
  • Published date: January 10, 2022
    • Navi Mumbai, Mumbai, Maharashtra, India [ Ad Id - 148561 | Ad Views - 9 ]
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Composites are lightweight materials composed of materials with significantly different physical as well as chemical properties. They are typically composed of raw materials including a fiber and a matrix. The growth of the overall composites vertical is supported by a requirement of decreased operational expenditure instated by OEMs. The use of lightweight materials decreases the thrust/ propulsion required in the case of various vehicles across platforms, thus reducing the fuel consumption. This in turn reduces the carbon emission hence complying by several environmental norms enforced to reduce carbon footprint.

The overall Aerospace and Defense Composites Market reached US$20.13 bn. The overall market is expected to grow with a CAGR of 8.06% between the period 2021-2029. The total market for Aerospace and Defense Composites is expected to attain a market value of US$46.47 bn.

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