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Report
Ballistic Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-24 I 140 Pages I IMARC Group
The global ballistic composites market size reached US$ 1.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.59% during 2022-2028.
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 2023-2028. 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?
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
9.2 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
9.3 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
9.4 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
9.5 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
Figure 1: Global: Ballistic Composites Market: Major Drivers and Challenges
Figure 2: Global: Ballistic Composites Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Ballistic Composites Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Ballistic Composites Market: Breakup by Fiber Type (in %), 2022
Figure 5: Global: Ballistic Composites Market: Breakup by Matrix Type (in %), 2022
Figure 6: Global: Ballistic Composites Market: Breakup by Application (in %), 2022
Figure 7: Global: Ballistic Composites Market: Breakup by Region (in %), 2022
Figure 8: Global: Ballistic Composites (Aramids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Ballistic Composites (Aramids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Ballistic Composites (Ultra-High Molecular Weight Polyethylene (UHMWPE)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Ballistic Composites (Ultra-High Molecular Weight Polyethylene (UHMWPE)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Ballistic Composites (S-Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Ballistic Composites (S-Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Ballistic Composites (Other Fiber Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Ballistic Composites (Other Fiber Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Ballistic Composites (Polymer Matrix Composite (PMC)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Ballistic Composites (Polymer Matrix Composite (PMC)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Ballistic Composites (Ceramic Matrix Composite (CMC)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Ballistic Composites (Ceramic Matrix Composite (CMC)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Ballistic Composites (Metal Matrix Composite (MMC)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Ballistic Composites (Metal Matrix Composite (MMC)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Ballistic Composites (Armor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Ballistic Composites (Armor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Ballistic Composites (Helmets and Face Protection) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Ballistic Composites (Helmets and Face Protection) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Ballistic Composites (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Ballistic Composites (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Ballistic Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Ballistic Composites Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: Ballistic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
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
Table 1: Global: Ballistic Composites Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Ballistic Composites Market Forecast: Breakup by Fiber Type (in Million US$), 2023-2028
Table 3: Global: Ballistic Composites Market Forecast: Breakup by Matrix Type (in Million US$), 2023-2028
Table 4: Global: Ballistic Composites Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Ballistic Composites Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Ballistic Composites Market: Competitive Structure
Table 7: Global: Ballistic Composites Market: Key Players
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