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    Ballistic Composites Market Report

    Ballistic Composites Market Report
    Report code - SRAD248 Delivery - 2 Weeks
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    Ballistic Composites Market Size, Share, Trend, Forecast, & Industry Analysis – See more...

    Impact of COVID-19 on Ballistic Composites Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Ballistic Composites Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Ballistic composites market is likely to witness an impressive CAGR of 7.6% during the forecast period. The growing demand for ballistic composites in personal safety owing to their high strength and lightweight properties drives the ballistic composites market globally.

    Ballistic Composites Market - Snapshot

    Growth

    7.6% for the next five years

    Major Fiber Type

    Aramid

    Major Matrix Type

    Polymer

    Dominant Application Type

    Vehicle armor

    Region with the highest demand

    North America

    Key Players

    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, and Gaffco Ballistics Inc.

    Segments' Analysis

    Ballistic-Composites-Market-Dominant-Segments

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    Ballistic Composites Market Share: By Fiber Type

    Based on the fiber type, 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 2018, and is expected to remain dominant during the forecast period owing to its extensive use in the helmets, shields, and vest protection applications.

    Ballistic Composites Market Share: By Matrix Type

    Based on the matrix type, the market is segmented as 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 matrix are extensively used in applications such as helmets and body vests.

    Ballistic Composites Market Share: By Application Type

    Based on the 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 the vehicles from missiles, bullets, grenades and other ammunitions.  Further, the lightweight property of composite materials in the military vehicles leads to better fuel efficiency and ease in mobility.

    Ballistic Composites Market Share: By Region

    In terms of regions, 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 towards research and development, and presence of a large number of 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.

    Ballistic-Composites-Market-By-Region

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    Market Scope & Segmentation

    Ballistic composites are light in weight and durable in nature and are highly resistant to damages. 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.

    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.

    Ballistic Composites Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The ballistic composites market is segmented into the following categories. 

    Ballistic Composites Market Size, Share, & Forecast, by Fiber Type:

    • Aramid Fibers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • UHMPE Fibers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Glass Fibers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Ballistic Composites Market Size, Share, & Forecast, by Matrix Type:

    • Polymer Matrix Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polymer-Ceramic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metal Matrix (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Ballistic Composites Market Size, Share, & Forecast, by Application Type:

    • Vehicle Armor 
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Marine Vehicle Armor, Land Vehicle Armor, and Air Vehicle Armor)
    • Body Armor
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Body Vests, Shields, and Protective Under Garments)
    • Helmets & Face Protection (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Ballistic Composites Market Size, Share, & Forecast, 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)