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Ballistic Composites Market | BAE Systems, Barrday Corporation, DSM, Dupont, FY Composites OY

08-03-2021 07:23 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

Ballistic Composites Market

Ballistic Composites Market

Ballistic composites are the raw materials for several military applications such as law enforcement vests, helmets, and body and vehicle armors. These materials absorb the impact energy caused by explosives. Ballistic composites are predominantly used by military and law enforcement organizations. These composites are restricted to use by civilians, as several countries have rules and regulations barring civilians from possessing armors in most countries. This in turn, is expected to restrain growth of the market. Advancements in technology related to combat weapons and explosives over the recent past is increasing the threat at the battlefield. This, in turn, is increasing the demand for protective equipment to counter highly enhanced weapons, thus boosting growth of the ballistic composites market. Moreover, increasing demand for lightweight and flexible armor to enable mobility is augmenting market growth.

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Ballistic Composites Market Taxonomy

On the basis of fiber

Aramid Fibers
Para-aramid
Meta-aramid
UHMPE
Glass
M5
Hybrids
Others

On the basis of matrix

Polymer matrix composites (PMC)
Reinforced Plastics
Advanced Composites
Polymer Ceramic
Metal Matrix

On the basis of application

Vehicle Armor
Marine Vehicle
Land Vehicle
Air Vehicle
Body Armor
Body Vests
Shields
Protective Under Garments
Helmets & Facial Protection
Others

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Ballistic composites are used in military operations. Military vehicles are reinforced with ballistic composites for better performance. Growing demands for efficient and strong military force in every country around the world, is increasing the demand for ballistic composites, in turn, boosting market growth.

North America holds the largest market for ballistic composites. The U.S. government announced a military budget of US$ 824.7 billion in 2018. The large figure is the result of ongoing U.S. operations in Syria, Afghanistan, and Pakistan. Also, modernizing current fighter jet fleet and procurement of other military vehicles such as tanks and combat vehicles is projected to boost the market in the region.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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