According to the recent study the ballistic composites market is projected to reach an estimated $174 million by 2030 from $127 million in 2023 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by growing demand for environment-friendly components, increasing demand for lightweight and flexible armor to enable mobility, and rising demand for innovative gadgets.
Browse 107 figures/charts and 68
tables in this 205-page report is developed to
understand trends, opportunities and forecast in ballistic composites market by
fiber type (aramid fiber, UHMWPE fiber, S-glass fiber, and others), application
(vehicle armour, body armour, helmet, face protection, and others), platform
(land, marine, and airborne), product (polymer matrix composite, ceramic matrix
composite, and metal matrix composite), end use (military, homeland security,
and others), and region (North America, Europe, Asia Pacific, and the Rest of
the World).
Download sample by clicking on
ballistic composites
market.
Lucintel forecasts that
polymer matrix composite will remain the largest segment over the forecast
period due to its properties like low weight, high friction, and temperature
resistance. Ceramix is expected to witness highest growth over the forecast
period.
Vehicle armour is
expected to remain the largest segment due to its benefits like high level of
safety, reducing weight and increasing the strength of the materials. Body
armour is expected to witness highest growth over the forecast period.
North America will
remain the largest region due to the rising advancement in technology, growing
modernization of fighter jet fleet and other military vehicles and growing
investment by the government towards military sector in the region. APAC is expected
to witness highest growth over the forecast period.
Honeywell International,
BAE Systems, Royal Ten Cate, Koninklijke DSM, Gurit Holdings, Dupont De
Nemours, and Teijin are the major suppliers in the ballistic composites market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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