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Ballistic Composites Market Trends

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

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Ballistic Composites Market Trends

Ongoing research and development efforts are focused on improving the ballistic performance of composites. Manufacturers are exploring advanced materials, nanocomposites, and multi-layer structures to enhance protection levels. The integration of advanced technologies, such as sensors, communications, and monitoring systems, into ballistic composites is gaining traction. These smart composites offer added functionality and information for situational awareness. End-users are increasingly seeking customized and tailored ballistic protection solutions to meet specific operational requirements.

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.