Ballistic Composites Market 2018 Size, Share, Renowned Players, Business Insights, Company Profiles, Regional Study, Growth, Application and Forecast to 2026

The Latest Ballistic Composites Market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. 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 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.

𝐁𝐚𝐥𝐥𝐢𝐬𝐭𝐢𝐜 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐚𝐱𝐨𝐧𝐨𝐦𝐲

𝐎𝐧 𝐭𝐡𝐞 𝐛𝐚𝐬𝐢𝐬 𝐨𝐟 𝐟𝐢𝐛𝐞𝐫
Aramid Fibers
UHMPE
Glass
M5
Hybrids

𝐎𝐧 𝐭𝐡𝐞 𝐛𝐚𝐬𝐢𝐬 𝐨𝐟 𝐦𝐚𝐭𝐫𝐢𝐱
Polymer matrix composites (PMC)
Polymer Ceramic
Metal Matrix

𝐌𝐚𝐣𝐨𝐫 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐟𝐨𝐫 𝐢𝐭𝐬 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬, 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬, 𝐚𝐧𝐝 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐨𝐮𝐬 𝐩𝐫𝐨𝐝𝐮𝐜𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐚𝐫𝐞:
BAE Systems, Barrday Corporation, DSM, Dupont, FY Composites OY, Gaffco Ballistics, Gurit, Honeywell International Inc., M Cubed Technologies, Inc., MKU Limited, Morgan Advanced Materials, PRF Composites, Royal Ten Cate NV, Southern States LLC, and Teiji.

𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐨𝐩𝐢𝐧𝐢𝐨𝐧𝐬:
➤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.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:
➤In 2019, United Shield, one of the leading manufacturer of personal ballistic and fragmentation protection equipment, had launched the E.R.T shield. This product will be delivered in various US Firearms Units as it satisfies the requirement for a lighter, more versatile ballistic shield without degrading the product's strength, integrity and toughness.

➤In May 2017, DSM had expanded its research and development capabilities of its Dyneema ballistic materials specifically for application in helmets. With this expansion, the company had demonstrated their commitment to support global armor manufacturers who are looking to manufacture next generation hug performance, lightweight helmet designs.

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𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭𝐬
Research Objectives and Assumptions
Market Purview
Market Dynamics, Regulations, and Trends Analysis
Global Ballistic Composites Market - Impact of Coronavirus (Covid-19) Pandemic
Global Ballistic Composites Market, By Application, 2018- 2026 (US$ Mn)
Global Ballistic Composites Market, By End-Use, 2018- 2026 (US$ Mn)
Global Ballistic Composites Market, By Region, 2018- 2026 (US$ Mn)

𝐓𝐡𝐞 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐬 𝐭𝐨 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐤𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬:
Q.What will the market size be in 2026?
Q.What are the major factors that are expected to drive growth of the global Ballistic composites market during the forecast period?
Q.What are the trends in the global Ballistic composites market?
Q.What are the key factors hampering growth of the global Ballistic composites market?
Q.Which are the key players in the global Ballistic composites market?
Q.What is the current market size?

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