Press release
Ballistic Composite Market Future Developments, Upcoming Trends, And Top-Vendor Landscape 2022 To 2028
Precision Business Insights published a research report on “Ballistic Composites Market by Application (Body Armor, Vehicle Armor, Helmets & Face Protection, Others), By Type (Polymer-Ceramic, Metal Matrix, Polymer Matrix Composites,) Fiber Type (UHMPE, Aramid Fibers, Glass, Others) - Global/Region/Country Forecast to 2028”.Law enforcement jackets, helmets, and body and vehicle armour are all made from ballistic composites. These are low in weight and have a high level of damage tolerance. Ballistic composites are primarily used by law enforcement agencies and are not intended for civilian usage. Ballistic composites are also employed in projectile components including rockets, bullets, as well as tanks. Ballistic composites outperform ballistic materials in terms of performance. In comparison to ballistic materials, these are also lighter.
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The use of ballistic composite in military and defence applications is increasing. Because of its light weight and excellent strength, this material has seen an increase in demand throughout time. Defense spending has surged in both developed and rising economies, also including China and India. These countries spend a considerable portion of their overall earnings on defence goods. The need for ballistic composite in these economies is increasing as defence spending rises. Ballistic composites have been utilised extensively in armour vehicles and body armour equipment such as armour vests and helmets. Ballistic composites have heat resistance capabilities, which contribute to an increase in demand for ballistic composites in conflict zones and other undesirable situations. The market for ballistic composites is predicted to increase at a steady rate throughout the forecast period, thanks to the increasing usage of these goods by military and law enforcement sectors. Over the previous 18 months, almost every industry in the world has suffered a setback. This can be ascribed to severe disruptions in their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns and other limitations imposed by governments all over the world. The same may be said for the global market for ballistic composites. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since the general economic situation of most people has been badly impacted by the pandemic.
In terms of type, the ballistic composites market is segregated into polymer-ceramic, polymer matrix composites, and metal matrix. In terms of fibre type, the ballistic composites market is categorized into UHMPE, aramid fibres, glass and others. Other’s segment is sub-divided into hybrid and M5. In terms of application, the ballistic composites market is classified into body armour, vehicle armour, helmets and face protection and others.
North America currently dominates the ballistic composites market, and this trend is expected to continue during the forecast period. The government's strong military spending has resulted in the country's dominance. Another aspect promoting market expansion in this region is the government's execution of strong safety measures. During the projected period, Asia-Pacific will have the highest compound annual growth rate. This is due to the compulsion to concentrate on high-end fighting solutions and new technology development.
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Some of the major key players in the Ballistic Composite Market are BAE Systems plc, Koninklijke Ten Cate bv, Honeywell International Inc., Koninklijke DSM N.V., E. I. du Pont de Nemours and Company
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We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.
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