Press release
Ballistic Composites Market is set to Witness Huge Demand at a CAGR of 7.00% during the Forecast Period 2028
Industry Analysis
Increased need and demand for lightweight, comfortable, and high strength materials, increasing research and development and mass production of ballistic fibres and increasing threat from growing internal and external conflicts are the major factors attributable to the growth of the ballistic composites market. Ballistic composites are the raw materials that are used in manufacturing law enforcement vests, helmets, and body and vehicle armours. These are lightweight in nature and possess high damage tolerant properties. The ballistic composites are majorly used by law enforcement forces and are restricted to be used by civilians. The ballistic composites are used in projectile components as well such as rockets, bullets, tanks and so on. The ballistic composites provide greater performance over ballistic materials. Also these are lightweight in nature as compared to ballistic materials.
Increasing demand for personal protection care is the root cause fuelling up the ballistic composites market growth rate. Rising expenditure of defence and military equipment to strengthen the defence sector will further create lucrative growth opportunities for the ballistic composites market. Rising technological advancements related to combat weapons and explosives will further induce growth in the demand for ballistic composites. Increasing demand for lightweight and flexible armour to enable easy mobility will also propel growth in the demand for ballistic composite as a raw material. However, complexities involved in designing the protective equipment will pose a major challenge to the growth rate of ballistic composites market. High costs associated with ballistic composites coupled with stringent regulations imposed by the government on ballistic composites will further restrict the scope of growth for this market. Inability of the protective equipment to provide complete protection will further derail the ballistic composites market growth rate.
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