Dublin, Nov. 24, 2022 (GLOBE NEWSWIRE) — The “global ballistic composites market by fiber type, matrix type (polymer, polymer-ceramic, metal), product (vehicle armor, body armor, helmet and facial protection), platform (Land, Airborne, Maritime), application and region – Forecast to 2027″ has been added to the report from ResearchAndMarkets.com offer.
The global ballistic composites market is expected to grow from USD 2 billion in 2022 to USD 3.1 billion by 2027, growing at a CAGR of 8.6%
The significant growth of ballistic composites is attributed to the increasing demand from military and defense applications. Growing threats from regional conflicts, asymmetric warfare, terrorism and riots increase the need for various protective clothing as well as safe vehicles to protect armed forces, especially in contested regions of the world.
Therefore, military superpowers are focusing on technological advancement and hence expansion of ballistic products by increasing defense budgets and investing in the production of various ballistic composites.
UHMWPE fiber type is the fastest growing ballistic composite fiber type, in terms of value
UHMWPE fibers are experiencing significant growth and have conquered the global ballistic composite market. These fibers are on par with aramid fibers in ballistic protection. They are considered the strongest fibers and widely used in ballistic items such as helmets, vests, plates mainly for personal protection.
The polymer-ceramic matrix type is the fastest growing ballistic composite matrix type, in terms of value
Polymer-ceramic ballistic composites consist of four main components: spall sheet, ceramic, composite structure and adhesive. In a polymer-ceramic matrix ballistic composite, the ceramic (silicon carbide/alumina) is normally placed on the strike face, usually perpendicular to the expected direction of impact. Polymer fibers, such as polyaramid, polyethylene or polypropylene form the composite support.
Curing and structural enhancement of the individual polymer layers is achieved by impregnation and subsequent curing of the adhesive. The chemical bond between the ceramic and composite substrate and/or between the individual polymer layers is very crucial for the performance of the whole system. In addition, splinter protection (fiberglass laminates) is applied to the front side of the ceramic.
Vehicle armor is the fastest growing ballistic composite product type, in terms of value
The ballistic composites market is an emerging market with great opportunities in the military and defense industry. The use of ballistic composites in vehicle armor, body armor, helmets and face protection, and other applications. The vehicle armor product type leads the ballistic composite market. Ballistic composites are widely used for manufacturing vehicle armour, as these composites provide a high level of protection against ballistic threats.
In addition, the use of ballistic composites in the manufacture of vehicle armor gives them properties of light weight and corrosion resistance, which facilitates the handling and ease of maintenance of vehicle armor.
The airborne platform is the fastest growing ballistic composites platform, in terms of value
Airborne includes fixed-wing aircraft, helicopters, and unmanned aerial vehicles (UAVs). There is an increasing demand for aircraft on various aviation platforms for military purposes.
This demand is also attributed to increased military spending by various countries, such as China, Japan, South Korea, and the United States. The drone segment is expected to witness the highest CAGR during the forecast period. The growth of the airborne segment is primarily attributed to the introduction of drones to the battlefield due to changes in the dynamics of warfare.
Homeland security is the fastest growing application of ballistic composites, in terms of value
Bullet resistant body armor is worn by Homeland Security officers in the field to protect against specific ballistic threats. Homeland Security officers use personal protective equipment, including life jackets, ballistic helmets and gloves, to ensure safety during missions. Ballistic helmets are intended to protect the wearer against small arms fire and fragmentation threats.
APAC is fastest growing ballistic composites market
APAC is expected to be the largest market for ballistic composites over the forecasted years. Due to high regional tensions and territorial disputes, military spending is increasing in this region.
Additionally, the region has been identified as a major export market for armour. The respective governments of various countries in this region are signing contracts with western countries for technology transfer and collaboration in the defense sector, which is expected to boost the ballistic composites market in the region.
Competitive landscape
Some of the major players in the ballistic composites market are Honeywell Spectra, DSM Dyneema (Netherlands), BAE Systems (UK), Royal Ten Cate (Netherlands), Morgan Advanced Materials (UK), DuPont Protection Technologies (USA), Solvay (Belgium), Gurit (Switzerland), 3M (USA), CoorsTek (USA), Teijin Limited (Japan) and others.
Summary
- Polymer Matrix to Drive Global Ballistic Composites Market
- Vehicle Armor Product Type to Lead the Ballistic Composites Market
- Aramid Fiber Type to Lead Ballistic Composites Market
- Land platform to dominate the ballistic composites market
- Military application to drive the global ballistic composites market
- North America will be the largest market for ballistic composites
Premium Previews
- Military and law enforcement sectors will drive the ballistic composites market
- The military was the biggest application and North America was the biggest region
- Aramid Fiber Ballistic Composites Market
- Polymer Matrix to Lead the Ballistic Composites Market
- Vehicle Armor Product Type to Lead the Ballistic Composites Market
- Land platform to dominate the ballistic composites market
- China will be the fastest growing market
Market dynamics
Drivers
- Increased demand for personnel protection
- Improvements in battlefield scenarios
- Need for light, comfortable and high-strength materials
Constraints
- Failure to provide comprehensive protection
- High costs and extremely strict standards
- Complexity in design
Opportunities
- R&D and mass production of ballistic fiber
- Strong growth in the Asia-Pacific region
- Evolution and adoption of new technologies and products
Challenges
- Development of durable ballistic composites according to threats
Company Profiles
Key players
- Honeywell International Inc.
- BAE Systems API
- Royal Ten Cate SA
- Royal DSM SA
- Pierre
- DuPont de Nemours, Inc.
- Teijin Ltd.
- Morgan Advanced Materials
- Southern States LLC
- Barday Inc.
- FRP composite materials
- Gaffco ballistics
- M Cubed Technologies, Inc.
- FY-Composites OY
- MKU limited
Other key players
- indian armor
- Polyone Company
- Coorstek, Inc.
- Supermarket composites
- Rochling Group
- Placement
- 3M
- Rheinmetall SA
- Solvay
- Armor Works, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/h8ltek
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Global Ballistic Composites Market
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