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PUBLISHER: IMARC | PRODUCT CODE: 1561529
PUBLISHER: IMARC | PRODUCT CODE: 1561529
Ballistic Composites Market Report by Fiber Type (Aramids, Ultra-High Molecular Weight Polyethylene, S-Glass, and Others), Matrix Type (Polymer Matrix Composite, Ceramic Matrix Composite, Metal Matrix Composite ), Application, and Region 2024-2032
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The global ballistic composites market size reached US$ 1.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032.
Ballistic composites are high-performance fibers capable of absorbing shock and impact energy caused by explosions. They consist of layered structural composites with polymer matrix reinforced with glass, carbon and para-aramid fibers to provide enhanced strength and stiffness. These composites are commonly used as raw materials to manufacture vests, helmets, shields and body and vehicle armors. They exhibit various advantageous properties, such as resistance to heat and corrosion, high thermal conductivity and durability. As a result, they find extensive applications across various industries, such as defense, automotive, aviation and aerospace.
Ballistic Composites Market Trends:
The market is primarily being driven by an alarming increase in the instances of armed conflicts, violence and terrorism across the globe. Moreover, the escalating need for military modernization to enhance national security is providing a thrust to the market growth. With the development of next-generation weaponry systems, governments and defense organizations, especially of developing nations, are rapidly adopting novel ballistic composites to support and improve the survivability of the fight troops. Ballistic composites are also widely used for ground, marine and air vessels to improve combat efficiencies against overhead and external artillery and machine gunfire. Additionally, various product innovations, such as the development of Improved Outer Tactical Vest (IOTV), Deltoid and Auxiliary Protector System (DAPS), Enhanced Small Arms Protective Insert (ESAPI) and Enhanced Side Ballistic Inserts (ESBI), are acting as other growth-inducing factors. These novel composites are lightweight, comfortable and user-friendly and provide enhanced protection against ballistic threats, such as bullets, flying debris and shrapnel.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global ballistic composites market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on fiber type, matrix type and application.
Breakup by Fiber Type:
- Aramids
- Ultra-High Molecular Weight Polyethylene (UHMWPE)
- S-Glass
- Others
Breakup by Matrix Type:
- Polymer Matrix Composite (PMC)
- Ceramic Matrix Composite (CMC)
- Metal Matrix Composite (MMC)
Breakup by Application:
- Armor
- Helmets and Face Protection
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BAE Systems plc, Barrday Inc., Gaffco Ballistics Inc., Gurit Holding AG, Honeywell International Inc., II-VI Incorporated, Koninklijke DSM N.V., Koninklijke Ten Cate B.V., MKU Limited, Morgan Advanced Materials, PRF Composite Materials, Southern States LLC and Teijin Limited.
Key Questions Answered in This Report:
- How has the global ballistic composites market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global ballistic composites market?
- What are the key regional markets?
- What is the breakup of the market based on the fiber type?
- What is the breakup of the market based on the matrix type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global ballistic composites market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112024A4448
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Ballistic Composites Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Fiber Type
- 6.1 Aramids
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Ultra-High Molecular Weight Polyethylene (UHMWPE)
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 S-Glass
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Matrix Type
- 7.1 Polymer Matrix Composite (PMC)
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Ceramic Matrix Composite (CMC)
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Metal Matrix Composite (MMC)
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Application
- 8.1 Armor
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Helmets and Face Protection
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Others
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 BAE Systems plc
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Barrday Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Gaffco Ballistics Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Gurit Holding AG
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Honeywell International Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 II-VI Incorporated
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Koninklijke DSM N.V.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Koninklijke Ten Cate B.V.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 SWOT Analysis
- 14.3.9 MKU Limited
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Morgan Advanced Materials
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.11 PRF Composite Materials
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Southern States LLC
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.13 Teijin Limited
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.13.4 SWOT Analysis
- 14.3.1 BAE Systems plc
Product Code: SR112024A4448
List of Figures
- Figure 1: Global: Ballistic Composites Market: Major Drivers and Challenges
- Figure 2: Global: Ballistic Composites Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Ballistic Composites Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Ballistic Composites Market: Breakup by Fiber Type (in %), 2023
- Figure 5: Global: Ballistic Composites Market: Breakup by Matrix Type (in %), 2023
- Figure 6: Global: Ballistic Composites Market: Breakup by Application (in %), 2023
- Figure 7: Global: Ballistic Composites Market: Breakup by Region (in %), 2023
- Figure 8: Global: Ballistic Composites (Aramids) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Ballistic Composites (Aramids) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Ballistic Composites (Ultra-High Molecular Weight Polyethylene (UHMWPE)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Ballistic Composites (Ultra-High Molecular Weight Polyethylene (UHMWPE)) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Ballistic Composites (S-Glass) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Ballistic Composites (S-Glass) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Ballistic Composites (Other Fiber Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Ballistic Composites (Other Fiber Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Ballistic Composites (Polymer Matrix Composite (PMC)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Ballistic Composites (Polymer Matrix Composite (PMC)) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Ballistic Composites (Ceramic Matrix Composite (CMC)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Ballistic Composites (Ceramic Matrix Composite (CMC)) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Ballistic Composites (Metal Matrix Composite (MMC)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Ballistic Composites (Metal Matrix Composite (MMC)) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Ballistic Composites (Armor) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Ballistic Composites (Armor) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Ballistic Composites (Helmets and Face Protection) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Ballistic Composites (Helmets and Face Protection) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Ballistic Composites (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Ballistic Composites (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: North America: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: North America: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: United States: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: United States: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Canada: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Canada: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Asia-Pacific: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Asia-Pacific: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: China: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: China: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Japan: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Japan: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: India: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: India: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: South Korea: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: South Korea: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Australia: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Australia: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Indonesia: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Indonesia: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Others: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Others: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Europe: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Europe: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Germany: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Germany: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: France: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: France: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: United Kingdom: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: United Kingdom: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Italy: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Italy: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Spain: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Spain: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Russia: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Russia: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Others: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Others: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Latin America: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Latin America: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Brazil: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Brazil: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Mexico: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Mexico: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Others: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Others: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Middle East and Africa: Ballistic Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Middle East and Africa: Ballistic Composites Market: Breakup by Country (in %), 2023
- Figure 76: Middle East and Africa: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Global: Ballistic Composites Industry: SWOT Analysis
- Figure 78: Global: Ballistic Composites Industry: Value Chain Analysis
- Figure 79: Global: Ballistic Composites Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Ballistic Composites Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Ballistic Composites Market Forecast: Breakup by Fiber Type (in Million US$), 2024-2032
- Table 3: Global: Ballistic Composites Market Forecast: Breakup by Matrix Type (in Million US$), 2024-2032
- Table 4: Global: Ballistic Composites Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 5: Global: Ballistic Composites Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Ballistic Composites Market: Competitive Structure
- Table 7: Global: Ballistic Composites Market: Key Players
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