Posted By Coherent Market Insights
Posted on October 11, 2021
The global ballistic composites market is estimated at USD 1.28 billion in 2016 and is projected to reach USD 1.80 billion by 2021, at a CAGR of 7.12%, from 2016 to 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.
A detailed report on Global Ballistic Composites Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
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.
Ballistic composites are used in military operations. Military vehicles are reinforced with ballistic composites for better performance. Growing demands for efficient and strong military force in every country around the world, is increasing the demand for ballistic composites, in turn, boosting market growth.
Key Developments:
- In 2019, United Shield, one of the leading manufacturer of personal ballistic and fragmentation protection equipment, had launched the E.R.T shield. This product will be delivered in various US Firearms Units as it satisfies the requirement for a lighter, more versatile ballistic shield without degrading the product’s strength, integrity and toughness.
- In May 2017, DSM had expanded its research and development capabilities of its Dyneema ballistic materials specifically for application in helmets. With this expansion, the company had demonstrated their commitment to support global armor manufacturers who are looking to manufacture next generation hug performance, lightweight helmet designs.
- In August 2014, Gurit, an innovator and developer of the composites industry, had launched its ballistic protection prepeg named PF700 at 2014 Composites Europe. Rising need to reduce the weight of armoured vehicles has increased the demand of ballistic composites. This product launch will help the company to cater to the increasing use of such composites.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Ballistic Composites market Sharing Economy in Market Outlook: Coherent Market Insights appeared first on Gatorledger.
The global ballistic composites market is estimated at USD 1.28 billion in 2016 and is projected to reach USD 1.80 billion by 2021, at a CAGR of 7.12%, from 2016 to 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.
A detailed report on Global Ballistic Composites Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
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.
Ballistic composites are used in military operations. Military vehicles are reinforced with ballistic composites for better performance. Growing demands for efficient and strong military force in every country around the world, is increasing the demand for ballistic composites, in turn, boosting market growth.
Key Developments:
- In 2019, United Shield, one of the leading manufacturer of personal ballistic and fragmentation protection equipment, had launched the E.R.T shield. This product will be delivered in various US Firearms Units as it satisfies the requirement for a lighter, more versatile ballistic shield without degrading the product’s strength, integrity and toughness.
- In May 2017, DSM had expanded its research and development capabilities of its Dyneema ballistic materials specifically for application in helmets. With this expansion, the company had demonstrated their commitment to support global armor manufacturers who are looking to manufacture next generation hug performance, lightweight helmet designs.
- In August 2014, Gurit, an innovator and developer of the composites industry, had launched its ballistic protection prepeg named PF700 at 2014 Composites Europe. Rising need to reduce the weight of armoured vehicles has increased the demand of ballistic composites. This product launch will help the company to cater to the increasing use of such composites.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Ballistic Composites market Sharing Economy in Market Outlook: Coherent Market Insights appeared first on Gatorledger.
