PUBLISHER: Value Market Research | PRODUCT CODE: 1542409
PUBLISHER: Value Market Research | PRODUCT CODE: 1542409
The global demand for Ballistic Composites Market is presumed to reach the market size of nearly USD 4.07 Billion by 2032 from USD 2.02 Billion in 2023 with a CAGR of 8.1% under the study period 2024 - 2032..
The lightweight ballistic composites are the chief raw materials used to create law enforcement vests, body & vehicle armor, and helmets. These are lightweight and have a high level of damage tolerance. Ballistic composites usage is prohibited for civilians and is primarily limited to law enforcement agencies. The ballistic composites are also used in projectile components for rockets, tanks, bullets, and other projectiles. Compared to ballistic materials, ballistic composites give better performance and light-weightedness.
Increasing demand from the military and law enforcement sectors is fueling the growth of the ballistic composites market. Nevertheless, there is a huge demand for high-performance materials, further driving up the price of ballistic composites. The ballistic composites market growth is scaling up due to rising need and demand for comfortable, lightweight, and high-strength materials, the mass manufacturing of ballistic fibres, increasing research & development activities, and the rising threat posed by internal and external conflicts. Moreover, other factors increasing the demand for these composites include surging demand for personal protection care, rising technological development in combat weapons and explosives, and increasing government expenditure on defence and military equipment to enhance the defence sector.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of ballistic composites. The growth and trends of ballistic composites industry provide a holistic approach to this study.
This section of the ballistic composites market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Ballistic Composites market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Ballistic Composites market include Honeywell International Inc., BAE Systems, DSM, Morgan Advanced Materials, Southern States LLC, Barry Corporation, PRF Composite Materials, Gaffco ballistics, M Cubed Technologies Inc., MKU Limited, Royal Ten Cate NV, Gurit, Teijin Limited. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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