Ballistic Composites Market by Fiber (Aramid Fiber, Glass, Hybrid Thermoplastic Composites), Matrix (Metal Matrix, Polymer Matrix Composite, Polymer-Ceramic), Application, End-Use - Global Forecast 2024-2030

Ballistic Composites Market by Fiber (Aramid Fiber, Glass, Hybrid Thermoplastic Composites), Matrix (Metal Matrix, Polymer Matrix Composite, Polymer-Ceramic), Application, End-Use - Global Forecast 2024-2030

The Ballistic Composites Market size was estimated at USD 2.06 billion in 2023 and expected to reach USD 2.22 billion in 2024, at a CAGR 8.12% to reach USD 3.57 billion by 2030.

Ballistic composites are used in various military applications, including police jackets, helmets, and body and vehicle armor. Ballistic composite materials absorb the impact energy generated by explosives which are used to develop security systems that are both effective and lighter in weight. The demand for ballistic composites is increasing with the need for protective equipment and vehicle armor solutions. The market expansion is aided by rising demand for lightweight, flexible armor for greater mobility for military personnel. The different regulatory compliances are the significant factors that are inhibiting market growth. The military sector is increasing the defense budgets and investing in producing various ballistic composites, supporting product advancements in the ballistic composites market.

Regional Insights

The ballistic composites market is highly developing in the Americas owing to the high demand for vehicle and body armor solutions from the U.S. and other countries due to rising border conflicts and geopolitical tensions. As per the Stockholm International Peace Research Institute (SIPRI), in 2020, military expenditure was an average of 1.5% of the GDP of American countries. In the EMEA region, continuous advancement and development have increased the demand for ballistic composites in defense areas. The primary drivers of market expansion in the Asia-Pacific area are the growing demand for high-tech materials for body and vehicle armor, rising defense spending, and offset policies in emerging economies. In addition, the major investments by the Asian economies, including China, India, Japan, South Korea, Singapore, and Australia, towards border security and surveillance have significantly increased the demand for ballistic composites in past years.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Ballistic Composites Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Increasing external and internal security threats coupled with rising warfare situation
    • Rising focus on enhancing the survivability of soldiers
    • Growing demand for ballistic composites from the military and law enforcement sector
    • Market Restraints
      • High cost of ballistic composites and design complexities
      • Market Opportunities
        • Development of new raw materials to reduce the weight and enhance product performance
        • Technological advancements and innovations to develop new ballistic devices
        • Market Challenges
          • Strict regulatory compliances for ballistic composites
          • Market Segmentation Analysis
            • Fiber: Expanding usage of ballistic composites with glass fiber for protection of equipments
            • Matrix: Rising preferences for polymer matrix composite for creating helmets and protective garments
            • Application: Expanding adoption of body armor to protect military personnel
            • End-User: Increasing application ballistic composites for army personnel bulletproof helmets
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Ballistic Composites Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Ballistic Composites Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • US Air Force Selects Integris Composites Ballistic Body Armor
              
              Integris Composites USA has recently received a significant order from the U.S. Air Force 582nd Helicopter Group for their patented Cratus Wave ballistic armor. The Cratus Wave armor offers a thinner design than other Level III inserts, reducing heat stress for the wearer. These body armor plates, made of composite materials such as ceramics and high-performance polyethylene, utilize trauma reduction technology.
              
              C-Bond Systems’ Patriot Glass Solutions Division Received USD 169,000 Purchase Order to Install C-Bond Ballistic-Resistant Window Film at San Antonio Police Department
              
              C-Bond Systems' Patriot Glass Solutions Division received an order for USD 169 thousand to install their widely-acclaimed C-Bond Ballistic Resistant Window Film at the San Antonio Police Department. This order represents the reputation and quality of C-Bond and its ballistic technology, which provides security against compliance threats while keeping occupants safe with high-performance ballistic composites and laminates. The installation of this protective window film serves as a powerful reminder of the importance of safety plays in society.
              
              SINTX Technologies Announced its New Utah Armor Facility is Fully Operational
              
              Sintx Technologies announced the opening of its new Utah armor facility. This facility is a foremost producer of high-performance ballistic composites and products and is expected to continue moving the Company forward as one of the industry's most innovative materials science firms. The new facility is equipped with advanced technologies and capabilities that allow Sintx Technologies to produce and fulfill orders for large government and private contracts at a quick timeline. Through this strategic expansion, Sintx Technologies aims to provide its customers with cutting-edge products guaranteed to meet or exceed all expectations for quality and performance standards.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Ballistic Composites Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Ballistic Composites Market, highlighting leading vendors and their innovative profiles. These include Adept Armor, Avient Corporation, Beijing Protech New Material Science Co., Ltd., Composites One LLC, CoorsTek, Inc., CS Composites Solutions Sdn Bhd, CTech-LLC, Dana Safety Supply, Defence Composites Ltd., Dexcraft, DuPont de Nemours, Inc., Final Advanced Materials, FY-Composites Oy, GAB Neumann GmbH, Gaffco, Inc., Gurit Holding AG, Honeywell International Inc., JPS Composite Materials, Kolon Industries, Inc., Koninklijke Ten Cate BV, Krempel GmbH, MKU Limited, Permali Gloucester Ltd., Plastic Reinforcement Fabrics Ltd., RMA Group Co., Ltd., Röchling SE & Co. KG, Solvay S.A., Southern States, LLC, Teijin limited, Venture Ballistic Composites, Veplas Group, and Zhejiang Mengtex Special Materials Technology Co., Ltd..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Ballistic Composites Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Fiber
              • Aramid Fiber
              • Glass
              • Hybrid Thermoplastic Composites
              • Ultra-High-Molecular-Weight Polyethylene
              • Matrix
                • Metal Matrix
                • Polymer Matrix Composite
                • Polymer-Ceramic
                • Application
                  • Body Armor
                    • Body Vest
                    • Protective Under Garment
                    • Shield
                    • Helmets & Face Protection
                    • Vehicle Armor
                      • Air Vehicle Armor
                      • Land Vehicle Armor
                      • Marine Vehicle Armor
                      • End-Use
                        • Airborne
                        • Land
                        • Marine
                        • Region
                          • Americas
                            • Argentina
                            • Brazil
                            • Canada
                            • Mexico
                            • United States
                              • California
                              • Florida
                              • Illinois
                              • New York
                              • Ohio
                              • Pennsylvania
                              • Texas
                              • Asia-Pacific
                                • Australia
                                • China
                                • India
                                • Indonesia
                                • Japan
                                • Malaysia
                                • Philippines
                                • Singapore
                                • South Korea
                                • Taiwan
                                • Thailand
                                • Vietnam
                                • Europe, Middle East & Africa
                                  • Denmark
                                  • Egypt
                                  • Finland
                                  • France
                                  • Germany
                                  • Israel
                                  • Italy
                                  • Netherlands
                                  • Nigeria
                                  • Norway
                                  • Poland
                                  • Qatar
                                  • Russia
                                  • Saudi Arabia
                                  • South Africa
                                  • Spain
                                  • Sweden
                                  • Switzerland
                                  • Turkey
                                  • United Arab Emirates
                                  • United Kingdom
                                  
                                  
                                  Please Note: PDF & Excel + Online Access - 1 Year