IMARC Group, a leading market research company, has recently releases report titled “Ballistic Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global ballistic composites market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Ballistic Composites Market?
The global ballistic composites market size reached US$ 1.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.77% during 2023-2028.
What are Ballistic Composites?
Ballistic composites refer to materials that are designed to provide protection against ballistic threats, such as bullets and projectiles. These composites are typically made by combining layers of high-strength fibers, such as aramid or ultra-high molecular weight polyethylene, with a resin matrix. The resulting material exhibits excellent ballistic resistance while being lightweight and flexible. The characteristics of ballistic composites include high strength-to-weight ratio, resistance to impact and penetration, and flexibility. These materials can absorb and disperse the energy from a ballistic impact, minimizing the risk of injury. Ballistic composites feature several notable attributes, including flexibility, which allows for their incorporation into various forms of protective equipment, such as bulletproof vests, helmets, and vehicle armor. They also offer excellent durability, chemical resistance, and UV stability. These composites find applications in industries that require protection against ballistic threats such as military and defense sector extensively utilizes ballistic composites for manufacturing body armor, protective helmets, and vehicle armor.
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What Are the Growth Prospects and Trends in the Ballistic Composites Market?
The increasing demand for enhanced safety and security measures is fueling the expansion. Moreover, threats from ballistic incidents persist, industries and organizations are actively seeking effective solutions for protection. In addition, the ongoing need for reliable ballistic resistance in various sectors is driving the market growth of ballistic composites. The rise in global security concerns is contributing to the market growth. Military and defense sectors, law enforcement agencies, and private security firms are increasingly relying on ballistic composites to enhance personnel safety and protect critical infrastructure. The ongoing focus on national security and public safety is catalysing the demand for advanced ballistic protection solutions. Other factors such as continuous R&D activities and ongoing innovations are further driving the growth of the market across the globe.
Who Are the Key Players Operating in the Ballistic Composites Industry?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- BAE Systems plc
- Barrday Inc.
- Gaffco Ballistics Inc.
- Gurit Holding AG
- Honeywell International Inc.
- II-VI Incorporated
- Koninklijke DSM N.V.
- Koninklijke Ten Cate B.V.
- MKU Limited
- Morgan Advanced Materials
- PRF Composite Materials
- Southern States LLC and Teijin Limited.
What is Included in Market Segmentation?
The report has categorized the market based on fiber type, matrix type and application.
Breakup by Fiber Type:
- Aramids
- Ultra-High Molecular Weight Polyethylene (UHMWPE)
- S-Glass
- Others
Breakup by Matrix Type:
- Polymer Matrix Composite (PMC)
- Ceramic Matrix Composite (CMC)
- Metal Matrix Composite (MMC)
Breakup by Application:
- Armor
- Helmets and Face Protection
- Others
Regional Analysis:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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