The Ballistic Composites Market is Segmented by Fiber Type (Aramid Fiber, UHMPE Fiber, Glass Fiber, and Others), by Matrix Type (Polymer Matrix, Polymer-Ceramic, and Metal Matrix), by Application Type (Vehicle Armor, Body Armor, Helmets & Face Protection, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Ballistic Composites Market is Segmented by Fiber Type (Aramid Fiber, UHMPE Fiber, Glass Fiber, and Others), by Matrix Type (Polymer Matrix, Polymer-Ceramic, and Metal Matrix), by Application Type (Vehicle Armor, Body Armor, Helmets & Face Protection, and Others), and by Region ...
The ballistic composites market is estimated to grow from USD 2.1 billion in 2022 to USD 3.27 billion by 2028 at a CAGR of 7.47% during the forecast period.
Ballistic composites are lightweight, durable, and highly resistant to damage. With the increase in demand for environment-friendly components, the use of such composites has also increased over time now.
Ballistic composites are made up of different fabric options such as aramid fibers, glass fibers, UHMPE fibers, and others. They are used in different application areas such as vehicle armor, body armor, face protection, helmets, and others.
Ballistic Composites Market Overview
Market Size in 2028
USD 3.27 Billion
Market Size in 2022
USD 2.1 Billion
Market Growth (2023-2028)
CAGR of 7.47%
Base Year of Study
2022
Trend Period
2017-2021
Forecast Period
2023-2028
Market Dynamics
The global ballistic composites market is expected to rise owing to some growth factors including-
Growing demand from the defence and aerospace industries – The defense and aerospace sectors are major consumers of ballistic composites. The increasing demand for lightweight and high-performance components in both industries is driving the demand for ballistic composites globally.
Rising awareness for personal protection – The growing awareness for personal protection in people pushes the demand for helmets, body armor, vehicle armor, etc. The ever increasing use of armor and helmets requires ballistic composites since they have to be lightweight yet strong and durable.
Growing popularity of sporting activities - The growing popularity of sporting activities that involve the use of firearms, such as hunting and target shooting, is also driving the demand for ballistic composites.
Increasing terror activities and cross-border battles - Increasing cross-border battles such as the ongoing Russia-Ukraine war, etc. and growing terrorist attacks like the 2022 Gaza–Israel clash, Kabul airport attack, etc. have enforced military organizations to procure ballistic composite-based equipment for military personnel security and safety.
The market is segmented as aramid fiber, UHMPE fiber, glass fiber, and others. The aramid fiber segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period owing to its extensive use in helmets, shields, and vest protection applications.
By Matrix Type
The market is segmented as a polymer matrix, polymer-ceramic, and metal matrix. The polymer matrix segment is expected to remain dominant during the forecast period owing to its exceptional properties such as lightweight, temperature-resistant, low friction, and high durability. Polymer matrices are extensively used in applications such as helmets and body vests.
By Application Type
The ballistic composites market is segmented as vehicle armor, body armor, helmets & face protection, and others. The vehicle armor segment leads the market as there is an enormous need to protect vehicles from missiles, bullets, grenades, and other ammunition. Further, the lightweight property of composite materials in military vehicles leads to better fuel efficiency and ease of mobility.
By Region
North America is estimated to lead the ballistic composites market during the forecast period. The USA is the growth engine of the region’s market owing to the world’s largest defense spending, significant investment in research and development, and the presence of many ballistic composite suppliers. Asia-Pacific is expected to witness the highest growth during the forecast period owing to increasing defense budget, offset policies in countries such as India, rising tension among the countries in the region, and growing demand for advanced materials for body and vehicle armor.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The ballistic composites market is segmented into the following categories.
By Fiber Type:
Aramid Fibers
UHMPE Fibers
Glass Fibers
Others
By Matrix Type:
Polymer Matrix Composites
Polymer-Ceramic
Metal Matrix
By Application Type:
Vehicle Armor
(Application Type Analysis: Marine Vehicle Armor, Land Vehicle Armor, and Air Vehicle Armor)
Body Armor
(Application Type Analysis: Body Vests, Shields, and Protective Under Garments)
Helmets & Face Protection
Others
By Region:
North America (Country Analysis: the USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Ballistic Composites Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to 3 players)
SWOT analysis of key players (up to 3 players)
Market Segmentation
Current market segmentation of any one of the fiber types by application type.
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com
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Ballistic composites are lightweight, durable, and highly resistant to damage. With the increase in demand for environment-friendly components, the use of such composites has also increased over time now.
Ballistic composites are made up of different fabric options such as aramid fibers, glass fibers, UHMPE fibers, and others. They are used in different application areas such as vehicle armor, body armor, face protection, helmets, and others.
Honeywell International Inc., BAE Systems plc, Koninklijke Ten Cate bv, Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, Morgan Advanced Materials, Southern States, LLC, Barrday Corporation, PRF Composite Materials, Gaffco Ballistics Inc. are among the key players in the market.
