Published by Coherent Market Insights
Posted on September 30, 2021
Ballistic composites are the raw materials for several military applications such as law enforcement vests, helmets, and body and vehicle armors. These materials absorb the impact energy caused by explosives. Ballistic composites are predominantly used by military and law enforcement organizations. These composites are restricted to use by civilians, as several countries have rules and regulations barring civilians from possessing armors in most countries.
This in turn, is expected to restrain growth of the market. Advancements in technology related to combat weapons and explosives over the recent past is increasing the threat at the battlefield. This, in turn, is increasing the demand for protective equipment to counter highly enhanced weapons, thus boosting growth of the ballistic composites market. Moreover, increasing demand for lightweight and flexible armor to enable mobility is augmenting market growth.
Top Key Players in Ballistic Composites market: BAE, Systems, Barrday, Corporation, DSM, Dupont, FY, Composites, OY, Gaffco, Ballistics, Gurit, Honeywell, International, Inc., M, Cubed, Technologies, Inc., MKU, Limited, Morgan, Advanced, Materials, PRF, Composites, Royal, Ten, Cate, NV, Southern, States, LLC, and, Teiji.
Regional Analysis For Ballistic Composites Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Ballistic Composites market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Aramids are synthetic high performance fibers that have rigid polymer chains. These fibers offer heat resistant properties, due to which they are widely used in aerospace applications. Growing aerospace industry is expected to boost demand for these fibers. Glass fiber are transparent and are resistant to penetration. They are commonly used to make bulletproof glasses for automobiles and buildings. M5 fiber is used for a special purpose body armor due to its flame and thermal resistance. It is comparatively lighter than other fibers.
Polymer matrix composites (PMC) and polymer ceramics possess good abrasion and corrosion resistance, due to which they are used in brake components, gas ducts, gas turbines, and heat shield systems of aircraft. Metal matrix are more expensive as compared to PMC and polymer ceramics, however, they are used for manufacturing tank and aircraft armors.
North America holds the largest market for ballistic composites. The U.S. government announced a military budget of US$ 824.7 billion in 2018. The large figure is the result of ongoing U.S. operations in Syria, Afghanistan, and Pakistan. Also, modernizing current fighter jet fleet and procurement of other military vehicles such as tanks and combat vehicles is projected to boost the market in the region.
Asia Pacific is the fastest growing market for ballistic composites. China is expected to increase its military spending by 7% from US$ 210 billion to US$ 224.7 billion over the following years. Escalating tensions in the South China Sea between China, Taiwan, Philippines, Vietnam, Malaysia, and Brunei has led to increased defense spending, which has further boosted growth of the ballistic composites market. The Indian Army in 2017, procured 160,000 bulletproof helmets made of Kevlar, which is a para-aramid fiber.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Ballistic Composites market Industry Share, Key Company Profiles, Type, Applications, Size, Trends and Forecast To 2026 appeared first on Gatorledger.
Ballistic composites are the raw materials for several military applications such as law enforcement vests, helmets, and body and vehicle armors. These materials absorb the impact energy caused by explosives. Ballistic composites are predominantly used by military and law enforcement organizations. These composites are restricted to use by civilians, as several countries have rules and regulations barring civilians from possessing armors in most countries.
This in turn, is expected to restrain growth of the market. Advancements in technology related to combat weapons and explosives over the recent past is increasing the threat at the battlefield. This, in turn, is increasing the demand for protective equipment to counter highly enhanced weapons, thus boosting growth of the ballistic composites market. Moreover, increasing demand for lightweight and flexible armor to enable mobility is augmenting market growth.
Top Key Players in Ballistic Composites market: BAE, Systems, Barrday, Corporation, DSM, Dupont, FY, Composites, OY, Gaffco, Ballistics, Gurit, Honeywell, International, Inc., M, Cubed, Technologies, Inc., MKU, Limited, Morgan, Advanced, Materials, PRF, Composites, Royal, Ten, Cate, NV, Southern, States, LLC, and, Teiji.
Regional Analysis For Ballistic Composites Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Ballistic Composites market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Aramids are synthetic high performance fibers that have rigid polymer chains. These fibers offer heat resistant properties, due to which they are widely used in aerospace applications. Growing aerospace industry is expected to boost demand for these fibers. Glass fiber are transparent and are resistant to penetration. They are commonly used to make bulletproof glasses for automobiles and buildings. M5 fiber is used for a special purpose body armor due to its flame and thermal resistance. It is comparatively lighter than other fibers.
Polymer matrix composites (PMC) and polymer ceramics possess good abrasion and corrosion resistance, due to which they are used in brake components, gas ducts, gas turbines, and heat shield systems of aircraft. Metal matrix are more expensive as compared to PMC and polymer ceramics, however, they are used for manufacturing tank and aircraft armors.
North America holds the largest market for ballistic composites. The U.S. government announced a military budget of US$ 824.7 billion in 2018. The large figure is the result of ongoing U.S. operations in Syria, Afghanistan, and Pakistan. Also, modernizing current fighter jet fleet and procurement of other military vehicles such as tanks and combat vehicles is projected to boost the market in the region.
Asia Pacific is the fastest growing market for ballistic composites. China is expected to increase its military spending by 7% from US$ 210 billion to US$ 224.7 billion over the following years. Escalating tensions in the South China Sea between China, Taiwan, Philippines, Vietnam, Malaysia, and Brunei has led to increased defense spending, which has further boosted growth of the ballistic composites market. The Indian Army in 2017, procured 160,000 bulletproof helmets made of Kevlar, which is a para-aramid fiber.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Ballistic Composites market Industry Share, Key Company Profiles, Type, Applications, Size, Trends and Forecast To 2026 appeared first on Gatorledger.
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