Global Ballistic Composites Market, By Type (Polymer Matrix Composites, Polymer-Ceramic and Metal Matrix), Fibre Type (Aramid Fibres, Ultra-High-Molecular Polyethylene (UHMPE), Glass and Others), Application (Vehicle Armour, Body Armour, Helmets and Face Protection and Others) – Industry Trends and Forecast to 2030.
Ballistic Composites Market Analysis and Size
A lot of research and development activities is conducted at the U.S. Army Natick Soldier Research center on ballistic composites in collaboration with fiber and ceramics companies, and other entities, to develop higher-performance and lighter materials that can increase soldiers’ performance, mobility, and comfort. Therefore, increasing need for lightweight, comfortable, and high strength protective equipment is expected to increase the market growth.
Data Bridge Market Research analyses that the ballistic composites market is expected to reach USD 3.09 billion by 2030, which is USD 1.73 billion in 2022, registering a CAGR of 7.50% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Ballistic Composites Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 - 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Polymer Matrix Composites, Polymer-Ceramic and Metal Matrix), Fibre Type (Aramid Fibres, Ultra-High-Molecular Polyethylene (UHMPE), Glass and Others), Application (Vehicle Armour, Body Armour, Helmets and Face Protection and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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DSM (Netherlands), DuPont.(U.S.), TenCate Protective Fabrics (Netherlands), Honeywell International Inc. (U.S.), Teijin limited (Japan), SOLVAY (Belgium), Morgan Advanced Materials (U.K.), BAE Systems (U.S.), ArmorSource, LLC (U.S.), Craig International Ballistics Pty Ltd. (Australia), ELMON (Greece), MKU Limited (India), JPS Composite Materials (U.S.), Southern States, LLC (U.S.), Gaffco Ballistics (U.S.), FY-Composites (Finland), Barrday Inc. (Canada)
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Market Opportunities
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Market Definition
Ballistic composites are high-performance fibers which are capable of absorbing shock caused by explosions. They contain layered structural composites with polymer matrix reinforced with para-aramid fibers, glass, and carbon to offer enhanced stiffness and strength. These composites are used as raw materials to produce vests, shields, helmets, vehicle and body armors.
Ballistic Composites Market Dynamics
Drivers
- Increasing terror activities and cross border battle
Increasing cross border battle and growing terrorist attacks have enforced military organizations to procure ballistic composite based equipment for military personnel security and safety. For instance, Koninklijke TenCate was awarded by the U.S. government in 2019, which is manufacturing enhanced small arms protection insert (ESAPI). ESAPI is a ceramic trauma plate which mainly produce by ballistic composite and used in bulletproof vests to protect from high velocity armor-piercing rounds. These investments on ballistic protection plates are likely to increase the demand for the by ballistic composite and drive the market's growth.
- Growing demand for polymer matrix composite
Polymer matrix composite is high in demand due to features such as low weight, temperature resistance properties and high friction. These composites are used in helmets, protective garments, and body vests. Polymer matrix composite are widely used owing to their simple fabrication methods. As a result of favourable and advantageous properties of polymer matrix composites, increase the demand for the ballistic composites and expected to prople the market growth rate.
Opportunities
- Increasing demand for ballistic composites in the defense sector
The substantial investments by various countries government in the defense sector will help in the future growth of the ballistic composite market. The increasing expenditure on defence has allowed governments in many nations to spend money on the cutting-edge, protective gear and lightweight equipmnet for their armed personnel. Ballistic composites are used in defence applications such as maritime cordage and hull reinforcement, ballistic-rated body armor fabric. As a result of this, the substantial government investment in the defense sector will create lucrative opportunities for the growth of the ballistic composites market.
- Surging product launches
The surging product launches and other innovations by major market players will further offer various growth opportunities in the market. For instance, United Shield, one of the leading manufacturers of personal ballistic protection equipment, launched the E.R.T shield in 2019. This product will be distributed in various U.S. firearm units because it satisfies the requirement for a more versatile and lighter ballistic shield without degrading the product’s integrity, strength and toughness.
Restraints/ Challenge
- High cost and high gear weight associated with ballistic protection equipment
The high cost of ballistic protection equipment has reduced the demand for the ballistic composite which is expected to hamper the growth of the ballistic composite during the forecast period. Moreover, high gear weight also affects the soldier's mobility, negatively affecting the demand for the ballistic composites and further restraining the industry growth.
This ballistic composites market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ballistic composites market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2022, BAE Systems received a contract from the U.S. Army to perform sustainment and technical support services for its M993 Multiple Launch Rocket System carriers and fleet of Bradley Fighting Vehicles. Under the contract, Sustainment System Technical Support (SSTS) and System Technical Support (STS) teams will provide logistics and on-going engineering services to keep the family of Bradley Fighting Vehicles prepared to support Soldiers’ missions.
- In 2022, BAE Systems received a contract from the U.S. Navy to drydock and perform modernization and maintenance work on the amphibious assault ship named USS Kearsarge (LHD 3). Under this contract, the maintenance availability of USS Kearsarge will start in April. Starting and the 843-foot-long ship will be drydocked for a year at BAE Systems’ Norfolk shipyard.
Global Ballistic Composites Market Scope
The ballistic composites market is segmented on the basis of type, fibre type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Polymer Matrix Composites
- Polymer-Ceramic
- Metal Matrix
Fibre Type
- Aramid Fibres
- Ultra-High-Molecular Polyethylene (UHMPE)
- Glass
- Others
Application
- Vehicle Armour
- Body Armour
- Helmets and Face Protection
- Others
Ballistic Composites Market Regional Analysis/Insights
The ballistic composites market is analyzed and market size insights and trends are provided by country, type, fibre type and application as referenced above.
The countries covered in the ballistic composites market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to dominate the ballistic composites market in terms of revenue growth and market share because of high investment in military and defence spending by the government in this region. Furthermore, implementing stringent safety measures by the government is another major factor that will further increase the market growth in this region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the new technology development and the induced focus on high-end combat solutions in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ballistic Composites Market Share Analysis
The ballistic composites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ballistic composites market.
Some of the major players operating in the ballistic composites market are:
- DSM (Netherlands)
- DuPont. (U.S.)
- TenCate Protective Fabrics (Netherlands)
- Honeywell International Inc. (U.S.)
- Teijin limited (Japan)
- SOLVAY (Belgium)
- Morgan Advanced Materials (U.K.)
- BAE Systems (U.S.)
- ArmorSource, LLC (U.S.)
- Craig International Ballistics Pty Ltd. (Australia)
- ELMON (Greece)
- MKU Limited (India)
- JPS Composite Materials (U.S.)
- Southern States, LLC (U.S.)
- Gaffco Ballistics (U.S.)
- FY-Composites (Finland)
- Barrday Inc. (Canada)
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