Ballistic Composites Market Trends, Growth Factors and Opportunity Till 2027

May 8, 2023 josephfinch61

IMARC Group, a leading market research company, has recently releases report titled “Ballistic Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” The study provides a detailed analysis of the industry, including the global ballistic composites market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Ballistic Composites Market?

Report Attributes	Details
Market Size in 2021	US$ 1.5 Billion
Market Forecast in 2027	US$ 2.1 Billion
Growth rate (2022 to 2027)	CAGR of 5.87%
Base Year of the Analysis	2021
Forecast Period	2022-2027

What are Ballistic Composites?

Ballistic composites represent high-performance fibers capable of absorbing the shock and impact energy caused by explosions. They comprise of layered structural composites with polymer matrix reinforced with glass, carbon, para-aramid fibers, etc., for enhanced strength and stiffness. Ballistic composites are generally utilized as raw materials to manufacture helmets, vests, body and vehicle armours, shields, etc. They provide various advantages, including resistance to heat and corrosion, high thermal conductivity, durability, etc. Consequently, ballistic composites find extensive applications across several industries, such as defence, automotive, aviation, aerospace, etc.

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What Are the Growth Prospects and Trends in the Ballistic Composites Market?

The increasing incidences of armed conflicts, violence, terrorism, etc., across the globe are among the primary factors driving the ballistic composites market. Moreover, the rising need for military modernization to improve national security is further catalyzing the market growth. In addition to this, the rapid development of next-generation weaponry systems to support and improve the survivability and efficiency of the troops is also bolstering the market growth. Furthermore, ballistic composites are gaining traction in the ground, air, and marine vessels to increase combat efficiencies against external and overhead artillery and machine gunfire, which is acting as another growth-inducing factor. Besides this, the launch of lightweight, comfortable, and user-friendly variants to offer enhanced protection against ballistic threats, such as bullets and flying debris, is expected to propel the ballistic composites market in the coming years.

Who Are the Key Players Operating in the Ballistic Composites Industry?

The competitive landscape of the industry has also been examined along with the profiles of the key players.

BAE Systems plc
Barrday Inc.
Gaffco Ballistics Inc.
Gurit Holding AG
Honeywell International Inc.
II-VI Incorporated
Koninklijke DSM N.V.
Koninklijke Ten Cate B.V.
MKU Limited
Morgan Advanced Materials
PRF Composite Materials
Southern States LLC and Teijin Limited.

What is Included in Market Segmentation?

The report has categorized the market based on fiber type, matrix type and application.

Breakup by Fiber Type:

Aramids
Ultra-High Molecular Weight Polyethylene (UHMWPE)
S-Glass
Others

Based on Matrix Type:

Polymer Matrix Composite (PMC)
Ceramic Matrix Composite (CMC)
Metal Matrix Composite (MMC)

Analysed by Application:

Armor
Helmets and Face Protection
Others

Regional Analysis:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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