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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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Ballistic Composite Market

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