Ballistic Composites Market Growth, Share And Comprehensive Analysis By 2024-2031 | BAE Systems, Barrday Corporation, DSM

The Ballistic Composites Market is estimated for 2024 for the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Ballistic composites are advanced composite materials used in protective armors, vehicles, and shelters to provide protection from small arms fire and shrapnel or fragmentation from exploding ordnances. They find major usage in defense applications for protection of soldiers.

Market Dynamics:

The ballistic composites market is witnessing high growth owing to rising defense spending around the world. The increasing threats of terror attacks and cross-border conflicts are prompting many countries to increase their defense budgets. According to Stockholm International Peace Research Institute (SIPRI), global military expenditure rose to nearly $2 trillion in 2020. Additionally, advances in lightweight ballistic materials are propelling the demand for ballistic composites from the defense industry. Ballistic composites provide enhanced protection compared to metal or ceramic counterparts while having lower weight. Their light weight enables greater mobility for soldiers and crews. Furthermore, ongoing research & development activities for development of advanced materials with improved ballistic resistance is expected to present lucrative opportunities for market players over the forecast period.

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Top Key Players are Covered in this Report:

★ 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
★ Teiji.

Market Segmentation:

By Fiber:

★ Aramid Fibers
★ UHMPE
★ Glass
★ M5
★ Hybrids
★ Others

By Matrix:

★ Polymer matrix composites (PMC)
★ Polymer Ceramic
★ Metal Matrix

By Applications:

★ Vehicle Armor
★ Body Armor
★ Helmets & Facial Protection
★ Others

Key Region/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Major Drivers of Demand for Ballistic Composites From Defense Industry

The ballistic composites market has experienced significant growth due to increased demand for protective equipment from defense organizations globally. Defense agencies around the world are procuring ballistic protective gear such as armored vehicles, body armor, helmets, and shields made using advanced ballistic composite materials to shield soldiers from bomb blasts and bullets. As geo-political tensions and terrorist activities continue to rise, more countries are bolstering their military capabilities by investing heavily in procuring personal protective equipment as well as combat and utility vehicles equipped with composite ballistic armor. This massive spending on defense modernization programs by leading economies like the US, China, and India is a key factor driving the ballistic composites industry.

Increasing Threat of Illegal Arms and Criminal Activities Propels Law Enforcement Adoption

With the growing proliferation of illegal firearms as well as rising organized crime, the risks faced by law enforcement and special response teams have increased significantly in many nations. This has fueled the demand for ballistic-rated protective gear among police forces. Moreover, recent incidents of urban terrorism have prompted police departments to augment their tactical equipment and gear with ballistic-resistant apparel,Insert here riot shields, and vehicle armor manufactured using sophisticated ballistic fiber composites. The need for military-grade protection against such lethal threats without compromising mobility is driving law enforcement procurement of specialized ballistic equipment reinforced with advanced composite materials.

Stringent Environmental Regulations Hamper Market Growth

The production of ballistic composites involves extensive use of thermoset polymer resin matrices and reinforcing fibers that release volatile organic compounds (VOCs) during manufacturing. However, stringent environmental norms limiting industrial emissions have been a key challenge for ballistic composite manufacturers. The resin and hardener mixtures used in resin transfer molding (RTM) and other fabrication techniques for composites release harmful VOCs into the atmosphere. While efforts are ongoing to develop low-VOC resins and green manufacturing processes, ballistic grade materials involve the use of epoxy and other resins that are difficult to make compliant with existing pollution control standards. Complying with diverse and evolving environmental regulations across regions adds to production costs and complexities for ballistic composite suppliers.

Opportunity for Development of Bio-Based Green Ballistic Materials

The rising environmental concerns and sustainability demands across industries provide an opportunity for ballistic composite manufacturers to develop eco-friendly bio-based material alternatives. Research is currently focused on utilizing green resins and natural fibers from agricultural waste in the production of ballistic armor. For example, natural fibers from hemp, flax, pineapple leaves, and coconut coir possess high strength-to-weight properties and could potentially replace traditional glass and carbon fibers. Similarly, bio-based epoxy resins and polyurethane matrices derived from plant oils offer the mechanical performance required for ballistic applications while addressing sustainability. Commercialization of such bio-composite ballistic materials can help companies gain a competitive edge in the industry and meet future green procurement requirements from defense and law enforcement organizations.

Growth of Additive Manufacturing to Revolutionize Ballistic Armor Design

The increasing adoption of additive manufacturing (AM) across sectors is expected to significantly impact ballistic armor production. 3D printing technologies allow for near-net shape manufacturing of complex geometries with optimized material distribution impossible through conventional techniques. Leading armor developers are leveraging AM to design intricate truss architectures, tailored fiber orientations, gradient material properties within a single component for enhanced blast dispersion and projectile defeat capabilities. 3D printed porous metallic structures can be over-molded or bonded with thermoset composite skins to produce next-generation multi-material ballistic shields with advanced functionality and reduced weight. The design freedoms of additive techniques will revolutionize ballistic armor systems, driving the demand for novel composite formulations compatible with these advanced manufacturing routes.

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global Ballistic Composites market?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the Ballistic Composites market economy globally?

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Ballistic Composites Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.