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Ballistic Composite Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Ballistic composites have been used in projectile components such as in rockets or bullets that are fired from weapons. This type of composite material has been used with gravitational force only. The global ballistic composite market is expected to see a steady growth rate during the forecast period.

Ballistic composite witnesses growing usage in military and defense applications. This material is light weight and has high strength and owing to these features witnesses growing demand over time. Developed as well as emerging economies such as India and China have increased their budgetary allocation for defense spending, These countries spend a large portion of their total earning in defense materials. Rising investment in defense products increases the demand for ballistic composite in these economies. Ballistic composites have been substantially used in armor vehicles, body armor equipment such as armor vests, helmets, and others. Ballistic composites offer heat resistant properties and these features help to increase the demand for ballistic composites in war field and in any adverse situation. With the rising usability of these products by military and law enforcement departments, the market prospects of ballistic composites is expected to experience a steady growth rate during the forecast period.

Ballistic composites are able to absorb moisture and this limits its efficiency while being used as armor products. Hence, ballistic composites are more sensitive to the environment than glass and other materials and this factor hinders the growth prospect of this market. Moreover, ballistic composite products are relatively costly and this is also likely to retrain the growth prospect of this market over the forecast period.

The global ballistic composite market is segmented into four types on the basis of fiber type and the segments are Aramid, UHMPE, glass, and others. Aramid fiber held the dominant market share and this segment is expected to be the fastest growing over the forecast period. Aramid fiber offers high strength and has heat resistant properties as well. This fiber is long and made from synthetic. As this is made from synthetic, it provides high tension, strength, and good thermal condition which increase its applicability in body armor products.

Based on matrix type, the global ballistic composite market is segmented into three types - polymer, polymer ceramic, and metal. Ballistic composite based on polymer matrix held the leading market share in 2016. This type of matrix offers high friction, low weight, and temperature resistance properties. These features increase its applicability in body armor equipment such as helmet, body protective garments, and others. These features will help to boost the market share of the global ballistic composite market during the forecast period.

According to application, the global ballistic composite market is segregated into four types - vehicle armor, helmet and face protection, body armor, and others. Vehicle armor held the largest market share in the global ballistic composite market. This type of vehicle armor provides protection against ballistic impact and provides greater safety to military personnel. These products find their maximum application during wartime as military personnel can be protected with the help of these products.

On the basis of geographic locations, the global ballistic composite market is divided into five regions. These include North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. North America held the largest share in the global ballistic composite market owing to the high investment in military spending and implementation of safety measures by the U.S. government. The U.S. military uses large amounts of ballistic composites as military equipment to save the lives of military personnel and this is expected to drive the demand for ballistic composites in this region during the forecast period.

Some of the key market players in the ballistic composite market include Honeywell International Inc., Royal Ten Cate NV, Morgan Advanced Materials, Barrday Corporation, and Southern States LLC.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
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