Ballistic Composites Market by Fiber, Matrix, Application, End-Use

List of Tables

[189 Pages Report] The Ballistic Composites Market size was estimated at USD 2.06 billion in 2023 and expected to reach USD 2.22 billion in 2024, at a CAGR 8.12% to reach USD 3.57 billion by 2030.

Ballistic composites are used in various military applications, including police jackets, helmets, and body and vehicle armor. Ballistic composite materials absorb the impact energy generated by explosives which are used to develop security systems that are both effective and lighter in weight. The demand for ballistic composites is increasing with the need for protective equipment and vehicle armor solutions. The market expansion is aided by rising demand for lightweight, flexible armor for greater mobility for military personnel. The different regulatory compliances are the significant factors that are inhibiting market growth. The military sector is increasing the defense budgets and investing in producing various ballistic composites, supporting product advancements in the ballistic composites market.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.06 billion
Estimated Year [2024]	USD 2.22 billion
Forecast Year [2030]	USD 3.57 billion
CAGR (%)	8.12%

Fiber: Expanding usage of ballistic composites with glass fiber for protection of equipments

The application of the aramid fiber segment is increasing in the defense sector owing to its extensive use in helmets, shields, and vest protection applications. Bonded with high-quality resins, ballistic composites with glass fiber fabrics are used for equipment protection, especially for vehicles and enclosed spaces exposed to projectiles. Hybrid composite laminates based on the aramid and ultra-high-molecular-weight polyethylene (UHMWPE) fibers provide a good ballistic performance due to the good mechanical properties of aramid fibers with the significant impact resistance of polyethylene fibers.

Matrix: Rising preferences for polymer matrix composite for creating helmets and protective garments

The metal matrix composites (MMCs) segment is significantly increasing for military applications due to its lightweight features. Polymer matrix composite is in high demand due to low weight, temperature resistance properties, and high friction. Polymer matrix composites are widely used in helmets, protective garments, and body vests owing to their simple fabrication methods. Polymer-ceramic composites have a variety of applications in diverse engineering areas where they are subjected to high mechanical and thermal loads, including a ballistic protection structure.

Application: Expanding adoption of body armor to protect military personnel

Body armor includes protective clothes developed to absorb and deflect physical attacks and protect military personnel. Military personnel can comfortably wear helmets for a longer period of time owing to the use of lightweight ballistic composites. Face protection is offered by fixing the visors and shields to the helmet, ensuring maximum protection against the impact of the bullet and other ballistic threats caused by explosions. Increasing warfare increases the demand for military vehicles required in warships, expanding the need for vehicle armor. Composite materials have gradually crept into armor systems for naval vessels and land combat vehicles. Land combat vehicles are protected by armor sufficient to withstand heavy machine gun fire and overhead artillery fire.

End-User: Increasing application ballistic composites for army personnel bulletproof helmets

The introduction of unmanned aerial vehicles (UAVs) on the battleground due to changes in the dynamics of war increased the demand for airborne segments, which consist of fixed-wing aircraft, helicopters, and UAVs. Ballistic composites are utilized for various army personnel bulletproof helmets, vests, and other armor systems and in producing land-based shelters. There is a surge in buying ballistic protection systems for maritime platforms due to increased terrorist threats.

Regional Insights

The ballistic composites market is highly developing in the Americas owing to the high demand for vehicle and body armor solutions from the U.S. and other countries due to rising border conflicts and geopolitical tensions. As per the Stockholm International Peace Research Institute (SIPRI), in 2020, military expenditure was an average of 1.5% of the GDP of American countries. In the EMEA region, continuous advancement and development have increased the demand for ballistic composites in defense areas. The primary drivers of market expansion in the Asia-Pacific area are the growing demand for high-tech materials for body and vehicle armor, rising defense spending, and offset policies in emerging economies. In addition, the major investments by the Asian economies, including China, India, Japan, South Korea, Singapore, and Australia, towards border security and surveillance have significantly increased the demand for ballistic composites in past years.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Ballistic Composites Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Ballistic Composites Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Ballistic Composites Market, highlighting leading vendors and their innovative profiles. These include Adept Armor, Avient Corporation, Beijing Protech New Material Science Co., Ltd., Composites One LLC, CoorsTek, Inc., CS Composites Solutions Sdn Bhd, CTech-LLC, Dana Safety Supply, Defence Composites Ltd., Dexcraft, DuPont de Nemours, Inc., Final Advanced Materials, FY-Composites Oy, GAB Neumann GmbH, Gaffco, Inc., Gurit Holding AG, Honeywell International Inc., JPS Composite Materials, Kolon Industries, Inc., Koninklijke Ten Cate BV, Krempel GmbH, MKU Limited, Permali Gloucester Ltd., Plastic Reinforcement Fabrics Ltd., RMA Group Co., Ltd., Rochling SE & Co. KG, Solvay S.A., Southern States, LLC, Teijin limited, Venture Ballistic Composites, Veplas Group, and Zhejiang Mengtex Special Materials Technology Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Ballistic Composites Market to forecast the revenues and analyze trends in each of the following sub-markets:

Fiber
- Aramid Fiber
- Glass
- Hybrid Thermoplastic Composites
- Ultra-High-Molecular-Weight Polyethylene

Matrix
- Metal Matrix
- Polymer Matrix Composite
- Polymer-Ceramic

Application
- Body Armor
  - Body Vest
  - Protective Under Garment
  - Shield

Helmets & Face Protection
Vehicle Armor
- Air Vehicle Armor
- Land Vehicle Armor
- Marine Vehicle Armor

End-Use
- Airborne
- Land
- Marine

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Ballistic Composites Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Ballistic Composites Market?

3. What are the technology trends and regulatory frameworks in the Ballistic Composites Market?

4. What is the market share of the leading vendors in the Ballistic Composites Market?

5. Which modes and strategic moves are suitable for entering the Ballistic Composites Market?

Product Code: MRR-030C42D3ED95

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing external and internal security threats coupled with rising warfare situation
  - 5.1.1.2. Rising focus on enhancing the survivability of soldiers
  - 5.1.1.3. Growing demand for ballistic composites from the military and law enforcement sector
- 5.1.2. Restraints
  - 5.1.2.1. High cost of ballistic composites and design complexities
- 5.1.3. Opportunities
  - 5.1.3.1. Development of new raw materials to reduce the weight and enhance product performance
  - 5.1.3.2. Technological advancements and innovations to develop new ballistic devices
- 5.1.4. Challenges
  - 5.1.4.1. Strict regulatory compliances for ballistic composites
5.2. Market Segmentation Analysis
- 5.2.1. Fiber: Expanding usage of ballistic composites with glass fiber for protection of equipments
- 5.2.2. Matrix: Rising preferences for polymer matrix composite for creating helmets and protective garments
- 5.2.3. Application: Expanding adoption of body armor to protect military personnel
- 5.2.4. End-User: Increasing application ballistic composites for army personnel bulletproof helmets
5.3. Market Trend Analysis
- 5.3.1. High military expenditure and ongoing development of ballistic protection products to accelerate the use of ballistic composites in the Americas
- 5.3.2. Growing focus on designing and developing high-end combat solutions in the APAC region
- 5.3.3. Significant presence of manufacturers coupled with improvements in protective armored products in the EMEA region
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis

6. Ballistic Composites Market, by Fiber

6.1. Introduction
6.2. Aramid Fiber
6.3. Glass
6.4. Hybrid Thermoplastic Composites
6.5. Ultra-High-Molecular-Weight Polyethylene

7. Ballistic Composites Market, by Matrix

7.1. Introduction
7.2. Metal Matrix
7.3. Polymer Matrix Composite
7.4. Polymer-Ceramic

8. Ballistic Composites Market, by Application

8.1. Introduction
8.2. Body Armor
8.3. Helmets & Face Protection
8.4. Vehicle Armor

9. Ballistic Composites Market, by End-Use

9.1. Introduction
9.2. Airborne
9.3. Land
9.4. Marine

10. Americas Ballistic Composites Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Ballistic Composites Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Ballistic Composites Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. US Air Force Selects Integris Composites Ballistic Body Armor
- 13.3.2. C-Bond Systems' Patriot Glass Solutions Division Received USD 169,000 Purchase Order to Install C-Bond Ballistic-Resistant Window Film at San Antonio Police Department
- 13.3.3. SINTX Technologies Announced its New Utah Armor Facility is Fully Operational
- 13.3.4. NT Armor Launched into the U.S. Market at the 2023 SHOT Show in Las Vegas
- 13.3.5. Avon Protection Announced Sale of Armor Assets to CoorsTek
- 13.3.6. Avient Expands Long Fiber Composites Portfolio Using Recycled Content
- 13.3.7. Teijin Aramid Introduced Woven Matrix Concept to Simplify Production of Ballistic Protection Solutions
- 13.3.8. TenCate Advanced Armour and KIM Technologies Signed Partnership to Manufacture Composite Armour Systems in Turkey
- 13.3.9. Avient Announced Agreement to Acquire DSM Protective Materials (Dyneema) and Plans to Explore Sale of Distribution
- 13.3.10. Adept Armor Introduced the First Future-Proofed Armor Plate, the Colossus
- 13.3.11. BDC Capital Provides Mezzanine Funding to NP Aerospace
- 13.3.12. Teijin Aramid and Clariter developed a carbon neutral solution for recycling of Endumax

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio