LUCINTEL FORECASTS COMPOSITES IN THE GLOBAL DEFENSE MARKET TO REACH $3 BILLION BY 2030

According to the recent study the composites in the global defense market is projected to reach an estimated $3 billion by 2030 from $1 billion in 2023 at a CAGR of 10% from 2023 to 2030. Growth in this market is primarily driven by increasing use of lightweight and high-performance materials in defense programs and growing need for lightweight