The report is titled ‘Ballistic Composites Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the ballistic composites market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The ballistic composites market is expected to grow at a significant rate in the near future.
The ballistic composites market size was valued at US$ 1.8 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2020 to 2028.
Ballistic Composites Market Definition
Ballistic armour can be understood as an inclusive term for a preventive coating of material that safeguards an object or person from projectiles. As a matter of fact, there is no solitary armour system that can guard and preserve against all menaces. This indicates that there are numerous solutions that can be employed solely or in coalition. The usual requirement of the entire system is to disperse the projectile force with minimum wreck to the objective.
Ballistic composites are comprehensively employed owing to their numerous beneficial properties including lightweight, resistive, and damage tolerant attributes. The usage of ballistic composites is essentially witnessed amongst military troops, as the substance is utilized for the manufacturing of diverse military appurtenances like vest, shields, body armor and other elements. Ballistic composites are also employed in helicopters, planes, tanks and other means of transport.
Ballistic Composites Market Dynamics
Development of advanced ballistic composites, in the modern day and age, with improved properties of material used in manufacturing comprising lightweight, resistive, and damage tolerant attributes is majorly driving the demand of ballistic composites across the global markets. Owing to which, the global ballistic composites market is projected to grow substantially in the years to come.
However, at the same time, the complex process of designing and manufacturing ballistic composites is likely to impede the growth of the global ballistic composites market in the forthcoming years. Although, the growing demand of personal protection among the population worldwide is yet expected to boost the growth of the global ballistic composites market in the near future.
Moreover, the rising research and development and mass manufacturing of ballistic fibers is also estimated to propel the market to flourish in the coming years.
Ballistic Composites Market Segmentation
The ballistic composites market is segmented on the basis of fiber type, matrix type, application, and region.
By Fiber Type
Aramid
UHMWPE
Glass
Others
By Matrix Type
Polymer
Polymer-ceramic
Metal
By Application
Vehicle Armor
Body Armor
Helmets & Face Protection
Others
By Region
North America
Latin America
Europe
Africa
Middle East
Asia Pacific
Ballistic Composites Market Key Players
The key participating players of the global ballistic composites market include Honeywell Spectra, DSM Dyneema, BAE Systems, Royal Tencate, Morgan Advanced Materials, DuPont Protection Technologies, Solvay, Gurit, 3M, CoorsTek, Teijin Limited, among others.
MMC Overview on Ballistic Composites Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the Ballistic Composites market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Ballistic Composites
Advantages of Ballistic Composites
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment where one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
1. Global Ballistic Composites Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Ballistic Composites Market Overview
2.1. Introduction
2.1.1. Market Definition
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Ballistic Composites Market Snapshot
2.4. Global Ballistic Composites Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Ballistic Composites Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Porter’s Five Forces Model
2.7. SWOT Analysis
3. Ballistic Composites Assessment and Analysis
3.1. Ballistic Composites Impact Analysis
3.2. Actions to encourage use of Ballistic Composites
5. Global Ballistic Composites Market, By Fiber Type
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Fiber Type
5.1.2. BPS Analysis, By Fiber Type
5.2. Market Revenue (US$Mn) and Forecast, By Fiber Type
5.2.1. Aramid
5.2.2. UHMWPE
5.2.3. Glass
5.2.4. Others
5.3. Global Ballistic Composites Market Attractiveness Index, By Fiber Type
6. Global Ballistic Composites Market, By Matrix Type
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Matrix Type
6.1.2. BPS Analysis, By Matrix Type
6.2. Market Revenue (US$Mn) and Forecast, By Matrix Type
6.2.1. Polymer
6.2.2. Polymer-ceramic
6.2.3. Metal
6.3. Global Ballistic Composites Market Attractiveness Index, By Matrix Type
7. Global Ballistic Composites Market, By Application
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Application
7.1.2. BPS Analysis, By Application
7.2. Market Revenue (US$Mn) and Forecast, By Application
7.2.1. Vehicle armor
7.2.2. Body armor
7.2.3. Helmets & face protection
7.2.4. Others
7.3. Global Ballistic Composites Market Attractiveness Index, By Application
8. Global Ballistic Composites Market, By Region
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Region
8.1.2. BPS Analysis, By Region
8.2. Market Revenue (US$Mn) and Forecast, By Region
8.2.1. North America
8.2.2. Latin America
8.2.3. Europe
8.2.4. Asia Pacific
8.2.5. Middle East
8.2.6. Africa
8.3. Global Ballistic Composites Market Attractiveness Index, By Region
9. North America Ballistic Composites Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market Revenue (US$Mn) and Forecast, By Country
9.2.1. U.S. Ballistic Composites Market
9.2.2. Canada Ballistic Composites Market
9.3. North America Ballistic Composites Market, By Fiber Type
9.3.1. Aramid
9.3.2. UHMWPE
9.3.3. Glass
9.3.4. Others
9.4. North America Ballistic Composites Market, By Matrix Type
9.4.1. Polymer
9.4.2. Polymer-ceramic
9.4.3. Metal
9.5. North America Ballistic Composites Market, By Application
9.5.1. Vehicle armor
9.5.2. Body armor
9.5.3. Helmets & face protection
9.5.4. Others
9.6. North America Ballistic Composites Market Attractiveness Index
9.6.1. By Country
9.6.2. By Fiber Type
9.6.3. By Matrix Type
9.6.4. By Application
10. Latin America Ballistic Composites Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market (US$Mn) Forecast, By Country
10.2.1. Brazil Ballistic Composites Market
10.2.2. Mexico Ballistic Composites Market
10.2.3. Rest Of Latin America Ballistic Composites Market
10.3. Latin America Ballistic Composites Market, By Fiber Type
10.3.1. Aramid
10.3.2. UHMWPE
10.3.3. Glass
10.3.4. Others
10.4. Latin America Ballistic Composites Market, By Matrix Type
10.4.1. Polymer
10.4.2. Polymer-ceramic
10.4.3. Metal
10.5. Latin America Ballistic Composites Market, By Application
10.5.1. Vehicle armor
10.5.2. Body armor
10.5.3. Helmets & face protection
10.5.4. Others
10.6. Latin America Ballistic Composites Market Attractiveness Index
10.6.1. By Country
10.6.2. By Fiber Type
10.6.3. By Matrix Type
10.6.4. By Application
11. Europe Ballistic Composites Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. U.K. Ballistic Composites Market
11.2.2. Germany Ballistic Composites Market
11.2.3. Italy Ballistic Composites Market
11.2.4. France Ballistic Composites Market
11.2.5. Spain Ballistic Composites Market
11.2.6. Russia Ballistic Composites Market
11.2.7. Rest Of Europe Ballistic Composites Market
11.3. Europe Ballistic Composites Market, By Fiber Type
11.3.1. Aramid
11.3.2. UHMWPE
11.3.3. Glass
11.3.4. Others
11.4. Europe Ballistic Composites Market, By Matrix Type
11.4.1. Polymer
11.4.2. Polymer-ceramic
11.4.3. Metal
11.5. Europe Ballistic Composites Market, By Application
11.5.1. Vehicle armor
11.5.2. Body armor
11.5.3. Helmets & face protection
11.5.4. Others
11.6. Europe Ballistic Composites Market Attractiveness Index
11.6.1. By Country
11.6.2. By Fiber Type
11.6.3. By Matrix Type
11.6.4. By Application
12. Asia Pacific Ballistic Composites Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. China Ballistic Composites Market
12.2.2. India Ballistic Composites Market
12.2.3. Japan Ballistic Composites Market
12.2.4. Australia and New Zealand Ballistic Composites Market
12.2.5. South Korea Ballistic Composites Market
12.2.6. Rest of Asia Pacific Ballistic Composites Market
12.3. Asia Pacific Ballistic Composites Market, By Fiber Type
12.3.1. Aramid
12.3.2. UHMWPE
12.3.3. Glass
12.3.4. Others
12.4. Asia Pacific Ballistic Composites Market, By Matrix Type
12.4.1. Polymer
12.4.2. Polymer-ceramic
12.4.3. Metal
12.5. Asia Pacific Ballistic Composites Market, By Application
12.5.1. Vehicle armor
12.5.2. Body armor
12.5.3. Helmets & face protection
12.5.4. Others
12.6. Asia Pacific Ballistic Composites Market Attractiveness Index
12.6.1. By Country
12.6.2. By Fiber Type
12.6.3. By Matrix Type
12.6.4. By Application
13. Middle East Ballistic Composites Market Analysis and Forecast, 2020–2028
13.1. Introduction
13.1.1. Annual Growth Rate Comparison, By Country
13.1.2. BPS Analysis, By Country
13.2. Market (US$Mn) Forecast, By Country
13.2.1. GCC Countries Ballistic Composites Market
13.2.2. Israel Ballistic Composites Market
13.2.3. Rest Of Middle East Ballistic Composites Market
13.3. Middle East Ballistic Composites Market, By Fiber Type
13.3.1. Aramid
13.3.2. UHMWPE
13.3.3. Glass
13.3.4. Others
13.4. Middle East Ballistic Composites Market, By Matrix Type
13.4.1. Polymer
13.4.2. Polymer-ceramic
13.4.3. Metal
13.5. Middle East Ballistic Composites Market, By Application
13.5.1. Vehicle armor
13.5.2. Body armor
13.5.3. Helmets & face protection
13.5.4. Others
13.6. Middle East Ballistic Composites Market Attractiveness Index
13.6.1. By Country
13.6.2. By Fiber Type
13.6.3. By Matrix Type
13.6.4. By Application
14. Africa Ballistic Composites Market Analysis and Forecast, 2020–2028
14.1. Introduction
14.1.1. Annual Growth Rate Comparison, By Country
14.1.2. BPS Analysis, By Country
14.2. Market (US$Mn) Forecast, By Country
14.2.1. South Africa Countries Ballistic Composites Market
14.2.2. Egypt Ballistic Composites Market
14.2.3. North Africa Ballistic Composites Market
14.2.4. Rest of Africa Ballistic Composites Market
14.3. Africa Ballistic Composites Market, By Fiber Type
14.3.1. Aramid
14.3.2. UHMWPE
14.3.3. Glass
14.3.4. Others
14.4. Africa Ballistic Composites Market, By Matrix Type
14.4.1. Polymer
14.4.2. Polymer-ceramic
14.4.3. Metal
14.5. Africa Ballistic Composites Market, By Application
14.5.1. Vehicle armor
14.5.2. Body armor
14.5.3. Helmets & face protection
14.5.4. Others
14.6. Africa Ballistic Composites Market Attractiveness Index
14.6.1. By Country
14.6.2. By Fiber Type
14.6.3. By Matrix Type
14.6.4. By Application
15. Competitive Landscape
15.1. Company Profiles
15.1.1. Honeywell Spectra
15.1.1.1. Company Overview
15.1.1.2. Financial Overview
15.1.1.3. Key Developments
15.1.1.4. Strategies
15.1.1.5. Product Analysis
15.1.2. DSM Dyneema
15.1.3. BAE Systems
15.1.4. Royal Tencate
15.1.5. Morgan Advanced Materials
15.1.6. DuPont Protection Technologies
15.1.7. Solvay
15.1.8. Gurit
15.1.9. 3M
15.1.10. CoorsTek
15.1.11. Teijin Limited
16. Acronyms
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
The ballistic composites market size was valued at US$ 1.8 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2020 to 2028
What are the key factors driving the growth of market?
Development of advanced ballistic composites, growing demand of personal protection, and rising research and development and mass manufacturing of ballistic fibers are the key factors driving the growth of market
What segments are covered in market report?
The ballistic composites market is segmented on the basis of fiber type, matrix type, application, and region
What are the key participating players in the market?
The key participating players of the global ballistic composites market include Honeywell Spectra, DSM Dyneema, BAE Systems, Royal Tencate, Morgan Advanced Materials, DuPont Protection Technologies, Solvay, Gurit, 3M, CoorsTek, Teijin Limited, among others.
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