The global ballistic composites market is
expected to reach USD 2.18 billion by 2025, according to a new report by Grand
View Research, Inc. Unstable geopolitical relations, increasing cross-border
tensions have forced nations to strengthen their defense units. Providing
lightweight, efficient and advanced combat equipment has been on top priorities
of most of the developed as well as developing countries. This has triggered
the use of ballistic composites over the past few years.
Several factors, like
the propensity of the composite armor of supporting the weight of an externally
attached component, anchoring composite armor with a platform, safeguarding of
ballistic weaknesses at panel joints and corners are taken into consideration
while product designing and production are executed.
Ballistic vests are
envisioned to deflect bullets from several types of guns, while armored
vehicles must withstand projectiles, shells fired from tanks and roadside
bombs. The layout of ballistic materials thus presents challenges familiar to
any composites manufacturer.
North America is slated
to account for larger market share. Active involvement of the U.S. military to
counter terror threats is expected to fuel the product demand. Rising pressure
on the U.S. government to maintain its military dominance is also expected to
drive the regional market.
The key value chain
components for the ballistic protective equipment market include raw material
suppliers, ballistic equipment manufacturers, and end-users. The raw material
suppliers form the first component in the value chain and provide various
metals, materials, and fabrics required for producing ballistic protection suits.
Major companies in the
global ballistic composites market include DuPont, Teijin, DSM and Honeywell
International. The market can be characterized by increasing R&D spending
and continuous efforts for new product development.
Access Research Report of Ballistic composites Market @ https://www.grandviewresearch.com/industry-analysis/ballistic-composites-market
Further key Findings from the Study Suggest:
· Asia Pacific is expected to emerge as the
fastest growing market in terms of product technology upgradation. Rising
awareness in this region pertaining the life of deployed soldiers and vehicles
is likely to trigger government budgets allocated for defense.
· North America is likely to emerge the
largest market for ballistic composites on account of favorable government
budgets, policies and regulations pertaining defense initiatives.
· Polymer matrix composite is expected to
experience a significant growth on account of their low cost and simple
fabrication methods. Its significance lies in its ability to grow fatter and
short upon being heated.
· During the forecast period, ballistic
composites market is expected to be majorly driven by armor applications in body
vests and defense vehicles.
Grand View Research has
segmented the ballistic composites market on the basis of product, application
and region:
Global Ballistic Composites Product Outlook (USD Million,
2014 - 2025)
·
PMC
·
CMC
·
MMC
Global Ballistic Composites Application Outlook (USD
Million, 2014 - 2025)
·
Armor
·
Helmets & Face Protection
·
Others
Global Ballistic Composites Regional Outlook (USD
Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Middle East and Africa
·
Central & South America
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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