Global Ballistic Composites Market Insights Forecasts to 2032

• The Global Ballistic Composites Market Size was valued at USD 1.93 Billion in 2022.
• The Market is Growing at a CAGR of 8.4% from 2022 to 2032
• The Worldwide Ballistic Composites Market Size is expected to reach USD 4.32 Billion by 2032
• Asia Pacific is expected to grow the fastest during the forecast period

 

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The Global Ballistic Composites Market size is anticipated to exceed USD 4.32 Billion by 2032, growing at a CAGR of 8.4% from 2022 to 2032. The ballistic composites market is expanding due to rising requirements from law enforcement and the military sectors. However, the surge in demand for ballistic composite materials is owing to the high demand for highly effective performance materials.          

 

Market Overview

Ballistic composites are powerful fibers that can absorb shock from fires and explosions They are made up of layered structural composite materials with a polymer matrix strengthened with para-aramid fibers, glass, and carbon for increased strength and stiffness. These materials are used to make vests, helmets, shields, vehicle and body armors. Polymers, metals, and polymer-ceramics are examples of ballistic composites. Each of these components is used depending on the specific kind of product required. The defense field is a major consumer of ballistic composites. Products for the land segment account for the greatest number of ballistic composites manufactured. Because of the benefits it provides, polymer is the main ballistic composite material. Polymers are stronger and more resistant to temperature as well as chemical corrosion. Polymers are also more flexible, lightweight, and easy to operate than metals. Aside from military uses, ballistic composites have applications in products used by homeland security for peacekeeping, dealing with explosives, and dealing with terrorist attacks.   

 

Report Coverage

This research report categorizes the market for the global ballistic composites market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the ballistic composites market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the ballistic composites market.

 

Driving Factors

Polymer matrix composites are in high demand due to characteristics such as low weight, temperature resistance, and high friction. These materials are used in helmets, protective clothing, and body vests. Polymer matrix composites are widely used due to their ease of fabrication. Because of the favorable and advantageous properties of polymer matrix composites, there is an increase in demand for ballistic composites, which is projected to boost the market growth rate. Increasing criminal activity and terrorist activity have pumped up demand for ballistic body and vehicle armor for use by politicians, businessmen, bureaucrats, famous athletes, entertainment celebrities, and others. Because ballistic composite armor is lighter and adheres to the highest international safety standards, there has been an increase in demand for composite materials in protective clothing for individuals and transportation. A number of manufacturers are concentrating on adding composite armor to civilian vehicles developed by automobile manufacturers such as the Mercedes-Benz and Lexus cars.

 

Restraining Factors

The substantial expense of ballistic protection equipment has impacted demand for ballistic composite, which is projected to impede growth throughout the forecast period. Furthermore, high gear weight reduces the soldier's mobility, reducing demand for ballistic composites and further limiting industry growth.

 

Market Segmentation

The Global Ballistic Composites Market share is classified into matrix type, fiber type, and product.

 

• The polymer segment is expected to grow at the fastest pace in the global ballistic composites market during the forecast period.    

The global ballistic composites market is categorized by matrix type into polymer, polymer-ceramic, and metal. Among these, the polymer segment is expected to grow at the fastest pace in the global ballistic composites market during the forecast period. Polymer's popularity can be attributed to features such as low weight, high friction, and temperature resistance, which make it a widely used product. PMC is used in a variety of applications, including protective clothing, helmets, and body vests. 

   

• The aramid fibers segment is expected to grow at the fastest pace in the global ballistic composites market during the forecast period.           

Based on the fiber type, the global ballistic composites market is divided into aramid fibers, UHMPE, glass, and others. Among these, the aramid fibers segment is expected to grow at the fastest pace in the global ballistic composites market during the forecast period. Aramid fiber has been utilized for a variety of purposes in the military and homeland security due to its superior properties including flexibility, strength, durability, stability, lightweight, and durability against heat, temperature, and moisture. It is used to make a variety of products, including vehicle armour, body armor, helmets, and facial protection. Because of their lightweight and corrosion-resistant properties, aramid fiber-based ballistic composites will likely increase in popularity.            

 

• The vehicle armor segment dominated the largest share of the global ballistic composites market in 2022.

Based on the product, the global ballistic composites market is divided vehicle armor, body armor, helmet & face protection. Among these, the vehicle armor segment dominated the largest share of the global ballistic composites market in 2022. Ballistic composites are used in vehicle armor to provide high levels of defense against ballistic influences and to protect the lives of military personnel who travel in these vehicles. Because these materials provide a high level of safety, they are often employed in vehicle armor applications.

 

Regional Segment Analysis of the Global Ballistic Composites Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America dominated the largest revenue share of the global ballistic composites market in 2022.  

 

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North America dominated the largest revenue share of the global ballistic composites market in 2022. Due to high demand from the United States and other countries, North America is the largest consumer of ballistic composite. Vehicle armor, body armor, and helmets are among the major product types of ballistic composites in the North American market. Technological advancements, laws and regulations, and government standards are some of the primary drivers propelling the North American ballistic composites market.   

 

Asia Pacific is expected to grow at the fastest pace in the global ballistic composites market during the forecast period. With a growing awareness of the lives of deployed soldiers and vehicles, developing nations in the region are subsequently focusing on high-end combat solutions and new technology development. The APAC economy is mainly impacted by the economic dynamics of countries such as China and India, but with increasing foreign direct investment for South East Asia's economic development, the present situation is changing. South East Asian countries are experiencing rapid growth in the automotive sector. The growing demand for bulletproof armored vehicles due to safety concerns is propelling the market forward globally.    

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global ballistic composites market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Honeywell International Inc. 
• SOLVAY  
• BAE Systems plc  
• Royal Ten Cate N.V.   
• ArmorSource, LLC
• Koninklijke DSM N.V.  
• Gurit Holdings  
• Dupont De Nemours, Inc.  
• Teijin Ltd.  
• Morgan Advanced Materials
• Southern States, LLC
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In July 2022, BAE Systems plc has signed a contract with the US Army to provide operations, maintenance, and management services for The Defense Supercomputing Resource Center (DSRC), as well as program-wide services for high-performance computer (HPC) customers.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Ballistic Composites Market based on the below-mentioned segments:

 

Global Ballistic Composites Market, By Matrix Type

• Polymer
• Polymer-Ceramic
• Metal

 

Global Ballistic Composites Market, By Fiber Type

• Aramid Fibers
• UHMPE
• Glass
• Others

 

Global Ballistic Composites Market, By Product

• Vehicle Armor
• Body Armor
• Helmet & Face Protection

 

Global Ballistic Composites Market, By Platform

• Land
• Airborne
• Marine

 

Global Ballistic Composites Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa