Global Ballistic Composites Market By Overview
Ballistic Composites are the protective gears and equipment which are demanded by use of the military and police forces. These are lighter, thinner and stronger in nature and have the potential to save lives at war field. These are used in the manufacturing of helmets, body armor, vests, and shield, for tanks, helicopters, and planes. Ballistic composites play a major role in the military sector by providing them with durable and high-quality protective. The most used ballistic composite materials are para-aramids, high molecular weight polyethene, etc. These strengthen the defence units from any external or internal threat or challenges and provide maximum security and safeguard the lives of the soldiers. Ballistic composites increase the chances of soldier's survivability on the war field and against other challenges.
Global Ballistic Composites Market By Dynamics
Major factors fostering the growth of ballistic composites include regional disputes, riots, warfare situations and increasing terrorism across the globe. Expansion of military forces and increasing use of advanced technology in weapon production fosters the growth of ballistic composites market. High dynamic energy absorption, high modulus, strength, excellent thermal properties and other superior features of the ballistic composites is responsible for the growth in the global market. Extensive utilization of ballistic composites in vehicle armour for protection of military personnel inside the vehicle and providing a high level of safety has led to the drastic growth of the ballistic composites market in the application segment. One of the major factors driving the market is the increasing demand from the defence and aerospace industries. The oil and gas industry dominated the market and is expected to grow during the forecast period, owing to the increasing oil and gas activities across the world. Increasing R&D and mass production of ballistic fibres will also help the target market to grow in future. However, the high cost of this equipment is expected to hinder the growth of the ballistic composites market. Complexity in the designing ballistic composite will hamper the target market to grow shortly. The rise in defence expenditures and budgets of many countries and the demand for lightweight materials for protection against ballistic threats are likely to act as opportunities in the future.
Global Ballistic Composites Market By Segmentation
The ballistic composites market is segmented based on the product, fibre type, matrix type, application, and region.
Based on fibre type, the global ballistic composites market is segmented into the aramids, ultra-high-molecular-weight polyethene (UHMPWPE), s-glass, and others. The aramid fibre segment is expected to hold the largest market share due to its growing use in helmets, vests and shields. Based on the matrix type, the global market is classified into polymer, polymer-ceramic, and metal. Polymer matrix used in ballistic applications has low weight, high friction, and temperature resistance properties. Polymer matrix ballistic composites are considered the material of choice for various applications such as body vest, protective garments, and helmets. Owing to the advantageous properties offered, polymer matrix composites were estimated to be the largest segment of the ballistic composites market. Based on application, the target market is bifurcated into vehicle armour, body armour, helmet and face protection, and others. Vehicle armours go into ground vehicles, sea vehicles, and helicopters. Increasing warfare across the world is increasing the demand for military vehicles required in warships, which is likely to increase the demand for vehicle armour during the forecast period.
Based on the region the ballistic composites market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the ballistic composites market due to the growing aerospace and defence industrial activities and the increasing need to bring down the cost, lower carbon dioxide emissions, and fuel consumption. Asia Pacific Ballistic Composites market is projected to register a high CAGR over the forecast period. Developing countries in the region are eventually focusing on high-end combat solutions and new technology development with the rising awareness of the life of deployed soldiers and vehicles.
Ballistic Composites Market, By Fiber Type:
- Aramids
- Ultra-High-Molecular Weight Polyethylene (UHMPWPE)
- S-Glass
- Others
Ballistic Composites Market, By Matrix Type:
- Polymer
- Polymer-Ceramic
- Metal
Ballistic Composites Market, By Application:
- Vehicle Armor
- Body Armor
- Helmet and Face Protection
- Others
Ballistic Composites Market, By Region:
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-
- North America
- North America Ballistic Composites Market, By Fiber Type
- North America Ballistic Composites Market, By Matrix Type
- North America Ballistic Composites Market, By Application
- North America Ballistic Composites Market, By Country
- U.S.
- Canada
- Europe
- Europe Ballistic Composites Market, By Fiber Type
- Europe Ballistic Composites Market, By Matrix Type
- Europe Ballistic Composites Market, By Application
- Europe Ballistic Composites Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Ballistic Composites Market, By Fiber Type
- Asia Pacific Ballistic Composites Market, By Matrix Type
- Asia Pacific Ballistic Composites Market, By Application
- Asia Pacific Ballistic Composites Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Ballistic Composites Market, By Fiber Type
- Latin America Ballistic Composites Market, By Matrix Type
- Latin America Ballistic Composites Market, By Application
- Latin America Ballistic Composites Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Ballistic Composites Market, By Fiber Type
- Middle East & Africa Ballistic Composites Market, By Matrix Type
- Middle East & Africa Ballistic Composites Market, By Application
- Middle East & Africa Ballistic Composites Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
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Global Ballistic Composites Market By Key Players
The key players operating the ballistic composites market involves Honeywell International Inc., BAE Systems, Royal Ten Cate NV, DSM, Gurit, Dupont, Teijin, Morgan Advanced Materials, Southern States LLC, Barrday Corporation. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, In January 2020, Honeywell Unveils Spectra Shield® 6166 For Increased Protection in Hard Body Armor.
Global Ballistic Composites Market By Company Profile
- Honeywell International Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- BAE Systems
- Royal Ten Cate NV
- DSM
- Gurit
- Dupont
- Teijin
- Morgan Advanced Materials
- Southern States LLC
- Barrday Corporation
“*” marked represents similar segmentation in other categories in the respective section
Global Ballistic Composites Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Ballistic Composites Strategies
- Key Questions this Study will Answer
- Market Snippet, By Fiber Type
- Market Snippet, By Matrix Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Fiber Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Aramids
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Ultra-High-Molecular Weight Polyethylene (UHMPWPE)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- S-Glass
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Matrix Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Polymer
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Polymer-Ceramic
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Metal
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Vehicle Armor
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Body Armor
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Helmet and Face Protection
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Fiber Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Matrix Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Fiber Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Matrix Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Fiber Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Matrix Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Fiber Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Matrix Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Fiber Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Matrix Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Honeywell International Inc.
- Company Overview
- Product and Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- BAE Systems
- Royal Ten Cate NV
- DSM
- Gurit
- Dupont
- Teijin
- Morgan Advanced Materials
- Southern States LLC
- Barrday Corporation
- Honeywell International Inc.
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The ballistic composites market accounted for US$ 2 billion in 2019 and is projected to register a moderate CAGR of 6.50% over the forecast period.
The market report has been segmented on the fibre type, matrix type, application, and region.
The Ballistic Composites Market is witnessing a rise in demand due to increased military and defense investments globally, with a growing focus on lightweight and high-strength materials. Emerging trends include the development of advanced composite materials for enhanced ballistic protection.
Ballistic Composites Market include the rising need for improved protection in military and law enforcement applications, technological advancements in composite materials, and the increasing threat of global security challenges.
North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to dominate the Ballistic Composites Market, driven by increasing defense budgets, modernization efforts, and geopolitical tensions in the region.
The prominent player operating in the global Ballistic Composites market includes Honeywell International Inc., BAE Systems, Royal Ten Cate NV, DSM, Gurit, Dupont, Teijin, Morgan Advanced Materials, Southern States LLC, Barrday Corporation.