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Ballistic Composites Market Size

  • Report ID: GMI6403
  • Published Date: Aug 2023
  • Report Format: PDF

Ballistic Composites Market Size

Ballistic Composites Market size was valued at around USD 1.8 billion in 2022 and is estimated to register a CAGR of 7.5% between 2023 and 2032.  The rise in security threats, terrorism, and armed conflicts has led to a growing demand for advanced ballistic protection materials, including ballistic composites, for military and law enforcement personnel and equipment. The law enforcement sector is increasingly adopting ballistic composites in body armor, helmets, and vehicle protection, driven by the need to enhance officer safety and protection during high-risk operations.

 

Ballistic composites offer a combination of high strength and lightweight characteristics, making them attractive for military and defense applications. They provide enhanced protection without adding excessive weight, which is crucial for mobility and operational effectiveness.
 

The manufacturing process for ballistic composites involves advanced technologies and specialized materials, resulting in relatively high production costs. Ensuring consistent material performance and meeting stringent ballistic protection standards can be challenging for manufacturers. Consistency in ballistic performance is critical for reliable protection. Some ballistic composites contain materials that may have environmental implications during their manufacturing, use, or disposal. Thus, the high-end pricing and risks associated with Ballistic composites may drive down the acceptance rate, further hampering the business growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for ballistic composites was valued at around USD 1.8 billion in 2022 and is estimated to reach USD 3.7 billion by the end of 2032, on account of the rise in security threats, terrorism, and armed conflicts.

Polymer Matrix Composite held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace by 2032. PMCs offer a lightweight alternative to traditional materials, allowing for enhanced mobility and reduced fatigue for personnel wearing protective gear.

U.S. ballistic composites value was USD 0.43 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032 as the nation continues to invest in defense modernization programs, leading to a demand for advanced ballistic protection solutions for military personnel and equipment.

DSM Dyneema, Morgan Advanced Materials plc, 3M Company, Saint-Gobain Performance Plastics Corporation, Koninklijke Ten Cate BV, Gurit Holding AG, MKU Limited, Barrday Inc., TPI Composites, Inc., ArmorSource LLC, Revision Military among others.

Ballistic Composites Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 191
  • Countries covered: 21
  • Pages: 150
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