MARKET INTRODUCTION
Ballistic Composites are defined as the protective gears and equipment which are quite lighter, thinner and stronger in nature and can possibly save lives at the war field. They are being increasingly demanded by the military and police forces and are used to produce helmets, body armor, vests, and shield, tanks, and others. Ballistic composites offer durability and high-quality protectives to the military sector. The most preferred type of ballistic composite materials are para-aramids, high molecular weight polyethylene, etc.
MARKET DYNAMICS
The ballistic composites market has witnessed a significant growth owing to rising focus over personal protection along with the growing demand for lightweight, comfortable, and high strength materials. Further, rising concerns towards enhancing soldier's survivability are further driving the demand for ballistic composites in the recent past. However, high costs associated with the ballistic composites is projected to hamper the ballistic composites market growth over the projected period. Nevertheless, increasing focus towards R&D and high production of ballistic fibers is further expected to fuel the growth of the market.
MARKET SCOPE
The "Global Ballistic Composites Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ballistic composites market with detailed market segmentation by type, grade, application method, end-use industry and geography. The global ballistic composites market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ballistic composites market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ballistic composites market is segmented on the basis of fiber type, matrix type, and application. On the basis of fiber type, the ballistic composites market is segmented into aramid fibers, UHMPE, glass and others. The ballistic composites market on the basis of the matrix type is classified into polymer matrix composites, polymer-ceramic and metal matrix. The ballistic composites market on the basis of the application is classified into vehicle armor, body armor, helmets and face protection and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ballistic composites market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ballistic composites market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the ballistic composites market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Ballistic composites market in these regions.
MARKET PLAYERS
The reports cover key developments in the ballistic composites market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ballistic composites market are anticipated to lucrative growth opportunities in the future with the rising demand for ballistic composites in the global market. Below mentioned is the list of few companies engaged in the ballistic composites market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ballistic composites market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BAE Systems
- Barrday Corporation
- DSM
- E.I.Dupont De Nemours Inc.
- Gurit
- Honeywell International Inc.
- Morgan Advanced Materials
- Royal Ten Cate NV
- Southern States LLC
- Teijin
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.