Data Bridge Market Research analyses that the Ballistic Composites Market will witness a CAGR of 7.00% for the forecast period of 2021-2028.
Increased need and demand for lightweight, comfortable, and high strength materials, increasing research and development and mass production of ballistic fibres and increasing threat from growing internal and external conflicts are the major factors attributable to the growth of the ballistic composites market. Ballistic composites are the raw materials that are used in manufacturing law enforcement vests, helmets, and body and vehicle armours. These are lightweight in nature and possess high damage tolerant properties. The ballistic composites are majorly used by law enforcement forces and are restricted to be used by civilians. The ballistic composites are used in projectile components as well such as rockets, bullets, tanks and so on. The ballistic composites provide greater performance over ballistic materials. Also these are lightweight in nature as compared to ballistic materials.
Increasing demand for personal protection care is the root cause fuelling up the ballistic composites market growth rate. Rising expenditure of defence and military equipment to strengthen the defence sector will further create lucrative growth opportunities for the ballistic composites market. Rising technological advancements related to combat weapons and explosives will further induce growth in the demand for ballistic composites. Increasing demand for lightweight and flexible armour to enable easy mobility will also propel growth in the demand for ballistic composite as a raw material. However, complexities involved in designing the protective equipment will pose a major challenge to the growth rate of ballistic composites market. High costs associated with ballistic composites coupled with stringent regulations imposed by the government on ballistic composites will further restrict the scope of growth for this market. Inability of the protective equipment to provide complete protection will further derail the ballistic composites market growth rate.
Global Ballistic Composites Market Scope and Market Size
The ballistic composites market is segmented on the basis of type, fibre type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
On the basis of type, the ballistic composites market is segmented into
- polymer matrix composites,
- metal matrix.
On the basis of fibre type, the ballistic composites market is segmented into
- aramid fibres,
On the basis of application, the ballistic composites market is segmented into
- vehicle armour,
- body armour,
- helmets and face protection
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Global Ballistic Composites Market Country Level Analysis
The ballistic composites market is analysed and market size, volume information is provided by country, type, fibre type and application as referenced above.
The countries covered in the Ballistic Composites Market report are the
- Canada and Mexico in North America
- Rest of Europe in Europe
- South Korea
- Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
- Argentina and Rest of South America as part of South America.
Competitive Landscape and Ballistic Composites Market Share Analysis
The ballistic composites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ballistic composites market.
The major players covered in the ballistic composites market report are
- Teijin Aramid B.V.,
- Koninklijke Ten Cate BV.,
- Honeywell International Inc.,
- BAE Systems.,
- Morgan Advanced Materials,
- Southern States, llc,
- Barrday Inc.,
- Plastic Reinforcement Fabrics Ltd,
- Gaffco Ballistics,
- M Cubed Technologies.
- FY-Composites Oy,
- MKU Limited,
- JPS Composite Materials and ITT INC.
- Among other
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Ballistic Composites Market by Product & Procedure type
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