TMCnet News
Global Ballistic Composites Market Research Report 2022: Evolution and Adoption of New Technologies and Products - Forecast to 2027DUBLIN, Dec. 6, 2022 /PRNewswire/ -- The "Global Ballistic Composites Market by Fiber Type, Matrix Type (Polymer, Polymer-Ceramic, Metal), Product (Vehicle Armor, Body Armor, Helmet & Face Protection), Platform (Land, Airborne, Marine), Application, and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The global ballistic composites market is expected to grow from USD 2 billion in 2022 to USD 3.1 billion by 2027, at a CAGR of 8.6% The significant growth of ballistic composites is attributed to the increasing demand from military and defense applications. Increased threats from regional conflicts, asymmetric warfare, terrorism, and riots are increasing the need for various protective clothing and also safe vehicles for safeguarding armed forces, especially, in disputed regions across the world. Hence, military superpowers are focusing on technological advancement and thereby expansion of ballistic products by increasing the defense budgets and investing in the production of various ballistic composites. UHMWPE fiber type is the fastest-growing fiber type of ballistic composites, in terms of value UHMWPE fibers are significantly growing and have captured the global ballistic composites market. These fibers are at par with the aramid fibers into ballistic protection. They are considered as the strongest fibers along with extensively used in ballistic items such as helmets, vests, plates mainly for personal protection. Polymer-ceramic matrix type is the fastest-growing matrix type of ballistic composites, in terms of value Polymer-ceramic ballistic composites constitute four main components: spall foil, ceramic, composite structure, and adhesive. In a polymer-ceramic matrix ballistic composite, the ceramic (silicon-carbide/alumina) is normally placed on the strike face, generally, perpendicular to the expected direction of impact. Polymer fibers, such as polyaramide, polyethylene, or polypropylene form the composite backing. The hardening and structural improvement of the individual polymer layers is achieved by impregnation and subsequent curing of the adhesive. The chemical bond between the ceramic and composite substrate and/or between the individual polymer layers is very crucial for the performance of the entire system. Also, spall protection (glass fiber laminates) is applied on the front side of the ceramic. Vehicle armor is the fastest-growing product type of ballistic composites, in terms of value The ballistic composites market is an emerging market with large opportunities in the military & defense industry. The utilization of ballistic composites in vehicle armor, body armr, helmet & face protection, and other applications. The vehicle armor product type leads the ballistic composites market. Ballistic composites are significantly utilized for the manufacturing of vehicle armors as these composites provide a high-level of protection against ballistic threats. Moreover, the use of ballistic composites in the manufacturing of vehicle armor provides them with lightweight and corrosion resistance properties, which helps in easy maneuverability and ease of maintenance of vehicle armors. Airborne platform is the fastest-growing platform of ballistic composites, in terms of value Airborne consists of fixed-wing aircraft, helicopters, and unmanned aerial vehicles (UAVs). There is an increasing demand for aircraft across various aviation platforms for military purposes. This demand is also attributed to the rising military expenditure of various countries, such as China, Japan, South Korea, and the US. The UAVs segment is expected to witness the highest CAGR during the forecast period. The growth of the airborne segment is mainly attributed to the introduction of UAVs on the battlefield due to changes in the dynamics of war. Homeland security is the fastest-growing application of ballistic composites, in terms of value Ballistic-resistant body armors are worn by homeland security officers while in the field to protect against specific ballistic threats. Homeland security officers use personal protective equipment, including body vests, ballistic helmets, and gloves, to ensure safety during missions. Ballistic helmets are intended to protect the wearer against small arms fire and fragmentation threats. APAC is the fastest-growing ballistic composites market APAC is expected to be the largest market for ballistic composites during forecasted years. As a result of high regional tension and disputes over territories, there is an increase in military spending within this region. Also, the region has been identified as a major export market for armors. The respective governments of various countries in this region are signing contracts with western countries for technology transfer and collaboration in the defense sector, which is expected to drive the ballistic composites market in the region. Competitive landscape Some of the key players in the ballistic composites market are Honeywell Spectra, DSM Dyneema (Netherlands), BAE Systems (UK), Royal Ten Cate (Netherlands), Morgan Advanced Materials (UK), DuPont Protection Technologies (US), Solvay (Belgium), Gurit (Switzerland), 3M (US), CoorsTek (US), Teijin Limited (Japan), and others. Executive Summary
Premium Insights
Market Dynamics Drivers
Restraints
Opportunities
Challenges
Company Profiles Key Players
Other Key Players
For more information about this report visit https://www.researchandmarkets.com/r/y77my8 Media Contact: Laura Wood, Senior Manager Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg View original content:https://www.prnewswire.com/news-releases/global-ballistic-composites-market-research-report-2022-evolution-and-adoption-of-new-technologies-and-products---forecast-to-2027-301695692.html SOURCE Research and Markets |