Zion Market Research

Ballistic Composites Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024


Sarasota, FL -- (SBWIRE) -- 06/14/2018 -- Global Ballistic Composites Market: Overview

Ballistic Composites are the protective gears and equipment which are demanded by use of the military and police forces. These are lighter, thinner and stronger in nature and have the potential to save lives at war field. These are used in the manufacturing of helmets, body armor, vests, and shield, for tanks, helicopters, and planes. Ballistic composites play a major role in the military sector by providing them with durable and high-quality protectives. The most used ballistic composite materials are para-aramids, high molecular weight polyethylene, etc. These strengthen the defense units from any external or internal threat or challenges and provide maximum security and safeguard the lives of the soldiers. Ballistic composites increase the chances of soldier's survivability on the war field and against other challenges.

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Global Ballistic Composites Market: Growth Factors

Major factors fostering the growth of ballistic composites include regional disputes, riots, warfare situations and increasing terrorism across the globe. Expansion of military forces and increasing use of advanced technology in weapon production fosters the growth of ballistic composites market. High dynamic energy absorption, high modulus, strength, excellent thermal properties and other superior features of the ballistic composites is responsible for the growth in the market. Extensive utilization of ballistic composites in vehicle armor for protection of military personnel inside the vehicle and providing a high level of safety has led to the drastic growth of the ballistic composites market in the application segment. However, the high cost of this equipment is expected to hinder the growth of the ballistic composites market.

Global Ballistic Composites Market: Segmentation

The global market for ballistics composites is segmented on basis of matrix type, fiber type, application, and region. In terms of matrix type, the market is fragmented into polymer-ceramic, metal and polymer. Based on fiber type, the market is divided into glass, aramid, UHMPE, and others. On basis of application, the market is categorized into helmets and face protection, vehicle armor, body armor and others. In terms of region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa and Latin America.

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Global Ballistic Composites Market: Regional Analysis

North America is the leading region in the ballistic composite market owing to the high expenditure on the military sector and the stringent regulations of the U.S government regarding the safety of defense forces. Concerns regarding improving the soldier's survivability on war grounds are also having a positive impact on the market sales. Increased demand for advanced technology weapons and gadgets is expected to fuel the growth of the market in these regions. High demand for ballistic composites in the engines and aircraft industry, defense industry and armors sector due to their superior quality is boosting their growth across the globe.

Global Ballistic Composites Market: Competitive Players

Some of the vital players in the global ballistic market include DuPont Protection Technologies, CoorsTek, Honeywell Spectra, BAE Systems, DSM Dyneema, Royal Tencate, Solvay, Morgan Advanced Material, Teijin Limited, and Gurit, among others.

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Global Ballistic Composites Market: Regional Segment Analysis

North America
The U.S.
The UK
The Asia Pacific
Latin America
The Middle East and Africa