Global Ballistic Composites Market Expected To Grow At A CAGR Of Approximately 6.5% During 2020–2026

09-Oct-2020 | Zion Market Research

As per analysts at Zion Market Research, the global ballistic composites market is predicted to augment at a CAGR of over 6.5% during the forecasted period 2020–2026. One of the main factors compelling the market is the surging demand from the aerospace and defense industries. The oil & gas industry ruled the market and is likely to grow over the estimated period, due to the mounting oil and gas activities globally. The augment in defense expenditures and budgets of several countries, and the demand for weightless materials for protection against ballistic threats are expected to boost the market in the future.

Some of the major players in the market are BAE Systems; Honeywell International Inc.; DSM; Royal Ten Cate NV; Dupont; Gurit; Morgan Advanced Materials; Teijin; Barrday Corporation; Southern States LLC; Gaffco Ballistics; PRF Composites; FY Composites OY; M Cubed Technologies, Inc.; ArmorSource; MKU Limited; and Elmon.

Increasing Demand For Vehicle Armors To Accelerate Growth Of The Global Ballistic Composites Market

The vehicle armors go into sea vehicles, ground vehicles, and helicopters. The escalating warfare globally is surging the demand for military vehicles needed in warships, which is predicted to boost the demand for vehicle armor over the estimated period. The composite materials have steadily crept into armor systems for land combat vehicles and naval vessels. They have displaced aluminum, steel, and even titanium alloys, partially owing to enhanced ballistic efficiencies close to the noteworthy advancements in particular strength and stiffness made in structural materials, plus being lightweight. Land combat vehicles have external armor kits that consist of glass fiber reinforced support plates. In the area of vehicle armor, the ballistic composites have presented several benefits such as decreased the weight of a vehicle, surged mobility, lowered number of components needed to armor, augmented fuel efficiency, and prolonged life of the vehicle.

The global ballistic composites market is bifurcated on the basis of type, fiber type, application, and regional analysis. Based on the type, the market is divided into polymer-ceramic, metal matrix, and polymer matrix composites. Based on the fiber type, the market type is divided into UHMPE, aramid fibers, glass, and others (M5 and hybrid). Based on the application, the market is divided into vehicle armor, body armor, helmets & face protection, and others. The vehicle armor segment is subdivided into land vehicle armor, marine vehicle armor, and air vehicle armor. The body armor segment is subdivided into shields, body vests, and protective undergarments.

North American Region Predicted To Rule The Global Ballistic Composites Market

Based on geographical analysis, the global ballistic composites market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region ruled the global market in terms of share, owing to the augmenting aerospace & defense industrial activities and the surging need to reduce the cost, fuel consumption, and carbon dioxide emissions. The U.S. is the chief consumer of ballistic composites. By the end of 2025, the Navy forces might surge by 16,900, the Air Force by 13,700, and the Marine Corps by 1,400, increasing the entire active-duty military to 1,365,500 personnel. These aspects are expected to surge the market size significantly in the region during the forecast period.

Browse the full “Ballistic Composites Market - By Type (Polymer-Ceramic, Metal Matrix, and Polymer Matrix Composites), By Fiber Type (UHMPE, Aramid Fibers, Glass, and Others), By Application (Vehicle Armor, Body Armor, Helmets & Face Protection, and Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/ballistic-composites-market

The global ballistic composites market is segmented as follows:

By type:

  • Polymer-Ceramic
  • Polymer Matrix Composites
  • Metal Matrix

By fiber type:

  • UHMPE
  • Aramid Fibers
  • Glass
  • Others
    • Hybrid
    • M5

By application:

  • Vehicle Armor
    • Land Vehicle Armor
    • Marine Vehicle Armor
    • Air Vehicle Armor
  • Body Armor
    • Shields
    • Body Vests
    • Protective Under Garments
  • Helmets & Face Protection
  • Others

By region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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