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

08-06-2021 06:57 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

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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.

Asia Pacific is the fastest growing market for ballistic composites. China is expected to increase its military spending by 7% from US$ 210 billion to US$ 224.7 billion over the following years. Escalating tensions in the South China Sea between China, Taiwan, Philippines, Vietnam, Malaysia, and Brunei has led to increased defense spending, which has further boosted growth of the ballistic composites market. The Indian Army in 2017, procured 160,000 bulletproof helmets made of Kevlar, which is a para-aramid fiber.

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