Ballistic Composites Market by Fiber Type (Aramid, UHMWPE, S-Glass), Matrix Type (Polymer, Polymer-Ceramic, Metal), Application (Vehicle Armor, Body Armor, Helmet & Face Protection), and Region - Global Forecast to 2021

  • ID: 4263772
  • Report
  • Region: Global
  • 136 Pages
  • Markets and Markets
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The Global Ballistic Composites Market Is Projected to Reach USD 1.80 Billion by 2021, at a CAGR of 7.12% from 2016 to 2021

FEATURED COMPANIES

  • BAE Systems
  • DSM
  • FY Composites OY
  • Gurit
  • Morgan Advanced Materials
  • Royal Ten Cate NV
  • MORE

The major drivers stimulating the growth of the global ballistic composites market are, the increasing demand for low weight, high strength, withstanding high temperatures, and durable materials. However, issues related to higher costs, stringent standards for the manufacture of ballistic composite products and the complexity of ballistic composite designing are the major restraints in the growth of the ballistic composites market. Vehicle armor application accounted for the largest market share in the ballistic composites market, by value in 2015.

The vehicle armor application leads the ballistic composites market in terms of value. Ballistic composites are majorly utilized for the manufacture of vehicle armor as these composites provide protection against ballistic threats. Vehicle armor is equipped with ballistic composites to ensure high level protection against ballistic impacts. Ballistic composites also offer resistance against UV rays, increased protection of vehicles from extreme and unfavorable weather conditions, convenience in mobility of the vehicles and resistance against corrosion caused to naval military vehicles due to their contact with sea water. These excellent performance properties are leading to an increasing demand for ballistic composites in tanks, bullet proof cars, submarines, and aircraft, among others. Asia-Pacific is the fastest-growing market for ballistic composites.

The Asia-Pacific is expected to be the fastest-growing market for ballistic composites during the forecast period. Governments in Southeast Asian countries are targeting the defense industry as a part of their economic development strategy to increase value-added manufacturing activity. This growth of the defense industry is expected to lead to a high demand for ballistic materials such as ballistic composites in defense applications.

Further, there is a high demand for ballistic composites in the region due to the increasing military power and expenditure in emerging superpowers such as China and India. These countries are expanding their count of military aircraft, submarine, and tank fleets at a high rate. This is expected to provide an opportunity for vehicle armor manufacturers to expand the use of ballistic composites.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following three categories:

  • By Company type- Tier 1- 35%, Tier 2- 25%, and Tier 3- 40%
  • By Designation- C Level- 25%, Director Level- 35%, and Others- 40%
  • By Region- North America- 29%, Europe- 24%, Asia-Pacific- 33%, Latin America- 9% and Middle East & Africa- 5%

Research Coverage:

The report covers the global ballistic composites market and the usage of ballistic composites in various applications such as vehicle armor, body armor, helmets and face protection, personal transportation, and commercial spaces. It aims at estimating the market size and future growth potential of this market across different segments such as application, matrix type, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Reasons to buy the report:

The report will help market leaders/new entrants in this market by providing them the closest approximations of the revenues for the overall ballistic composites market and the subsegments. This report will help stakeholders to better understand the competitive landscape and gain more insights, to better position their businesses and market strategies. The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

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FEATURED COMPANIES

  • BAE Systems
  • DSM
  • FY Composites OY
  • Gurit
  • Morgan Advanced Materials
  • Royal Ten Cate NV
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in Ballistic Composites Market
4.2 Ballistic Composites Market, By Application
4.3 Ballistic Composites Market, By Fiber Type and Region
4.4 Ballistic Composites Market, By Matrix Type
4.5 Ballistic Composites Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Demand in Personal Protection
5.2.1.2 Increasing Threat From Growing Internal and External Conflicts
5.2.1.3 Need for Lightweight, Comfortable, and High Strength Materials
5.2.2 Restraints
5.2.2.1 Failure to Provide Complete Protection
5.2.2.2 High Costs and Extremely Stringent Standards of Ballistic Composite Products
5.2.2.3 Complexity of Ballistic Composite Designing
5.2.3 Opportunities
5.2.3.1 Increasing R&D and Mass Production of Ballistic Fibers
5.2.3.2 Evolution and Adoption of New Technologies and Products
5.2.4 Challenges
5.2.4.1 Developing Durable Ballistic Composites According to Different Threats
5.3 Porter’s Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of Substitutes
5.3.4 Threat of New Entrants
5.3.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Per Capita GDP & Per Capita Composites Demand
6.4 Trends in Global Military Spending

7 Ballistic Composites Market, By Fiber Type
7.1 Introduction
7.2 Aramid Fibers
7.3 UHMPE
7.4 Glass
7.5 Others
7.5.1 M5
7.5.2 Hybrid

8 Ballistic Composites Market, By Matrix Type
8.1 Introduction
8.2 Polymer Matrix Composites
8.3 Polymer-Ceramic
8.4 Metal Matrix

9 Ballistic Composites Market, By Application
9.1 Introduction
9.2 Vehicle Armor
9.2.1 Marine Vehicle Armor
9.2.2 Land Vehicle Armor
9.2.3 Air Vehicle Armor
9.3 Body Armor
9.3.1 Body Vests
9.3.2 Shields
9.3.3 Protective Under Garments
9.4 Helmets & Face Protection
9.5 Others

10 Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 By Matrix Type
10.2.2 By Application
10.2.3 By Country
10.2.3.1 Canada
10.2.3.2 U.S.
10.3 Europe
10.3.1 By Matrix Type
10.3.2 By Application
10.3.3 By Country
10.3.3.1 France
10.3.3.2 Germany
10.3.3.3 U.K.
10.3.3.4 Russia
10.3.3.5 Rest of Europe
10.4 Asia-Pacific
10.4.1 By Matrix Type
10.4.2 By Application
10.4.3 By Country
10.4.3.1 China
10.4.3.2 Japan
10.4.3.3 India
10.4.3.4 Australia
10.4.3.5 Rest of Asia-Pacific
10.5 Latin America
10.5.1 By Matrix Type
10.5.2 By Application
10.5.3 By Country
10.5.3.1 Brazil
10.5.3.2 Mexico
10.5.3.3 Rest of Latin America
10.6 Middle East & Africa
10.6.1 By Matrix Type
10.6.2 By Application
10.6.3 By Country
10.6.3.1 Israel
10.6.3.2 Saudi Arabia
10.6.3.3 South Africa
10.6.3.4 Rest of Middle East & Africa

11 Competitive Landscape
11.1 Introduction
11.1.1 Dynamic
11.1.2 Innovators
11.1.3 Vanguards
11.1.4 Emerging
11.2 Dive Chart Overview
11.3 Product Offerings
11.4 Business Strategy

12 Company Profiles
(Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View)*
12.1 Honeywell International Inc.
12.2 BAE Systems
12.3 Royal Ten Cate NV
12.4 DSM
12.5 Gurit
12.6 Dupont
12.7 Teijin
12.8 Morgan Advanced Materials
12.9 Southern States LLC
12.10 Barrday Corporation
12.11 PRF Composites
12.12 Gaffco Ballistics
12.13 M Cubed Technologies, Inc.
12.14 FY Composites OY
12.15 MKU Limited
12.16 Other Key Players

*Details on Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables

Table 1 Trends and Forecast of GDP, 2015-2021 (USD Billion)
Table 2 Per Capita GDP & Per Capita Composite Materials Demand, 2015
Table 3 Ballistic Composites Market Size, By Fiber Type, 2014-2021 (USD Million)
Table 4 Ballistic Composites Market Size, By Fiber Type, 2014-2021 (Kiloton)
Table 5 Aramid Fiber Ballistic Composites Market Size, By Region, 2014-2021 (USD Million)
Table 6 Aramid Fiber Ballistic Composites Market Size, By Region, 2014-2021 (Kiloton)
Table 7 UHMPE Fiber Ballistic Composites Market Size, By Region, 2014-2021 (USD Million)
Table 8 UHMPE Fiber Ballistic Composites Market Size, By Region, 2014-2021 (Kiloton)
Table 9 Glass Fiber Ballistic Composites Market Size, By Region, 2014-2021 (USD Million)
Table 10 Glass Fiber Ballistic Composites Market Size, By Region, 2014-2021 (Kiloton)
Table 11 Other Fiber Ballistic Composites Market Size, By Region, 2014-2021 (USD Million)
Table 12 Other Fiber Ballistic Composites Market Size, By Region, 2014-2021 (Kiloton)
Table 13 Ballistic Composites Market Size, By Matrix Type, 2014-2021 (USD Million)
Table 14 Ballistic Composites Market Size, By Matrix Type, 2014-2021 (Kiloton)
Table 15 Polymer Matrix Ballistic Composites Market Size, By Region, 2014-2021 (USD Million)
Table 16 Polymer Matrix Ballistic Composites Market Size, By Region, 2014-2021 (Kiloton)
Table 17 Polymer-Ceramic Matrix Ballistic Composites Market Size, By Region, 2014-2021 (USD Million)
Table 18 Polymer-Ceramic Matrix Ballistic Composites Market Size, By Region, 2014-2021 (Kiloton)
Table 19 Metal Matrix Ballistic Composites Market Size, By Region, 2014-2021 (USD Million)
Table 20 Metal Matrix Ballistic Composites Market Size, By Region, 2014-2021 (Kiloton)
Table 21 Ballistic Composites Market Size, By Application, 2014-2021 (USD Million)
Table 22 Ballistic Composites Market Size, By Application, 2014-2021 (Kiloton)
Table 23 Vehicle Armor Ballistic Composites Market Size, By Region, 2014-2021 (USD Million)
Table 24 Vehicle Armor Ballistic Composites Market Size, By Region, 2014-2021 (Kiloton)
Table 25 Body Armor Ballistic Composites Market Size, By Region, 2014-2021 (USD Million)
Table 26 Body Armor Ballistic Composites Market Size, By Region, 2014-2021 (Kiloton)
Table 27 Helmets & Face Protection Ballistic Composites Market Size, By Region, 2014-2021 (USD Million)
Table 28 Helmets & Face Protection Ballistic Composites Market Size, By Region, 2014-2021 (Kiloton)
Table 29 Other Ballistic Composites Market Size, By Region, 2014-2021 (USD Million)
Table 30 Other Ballistic Composites Market Size, By Region, 2014-2021 (Kiloton)
Table 31 Ballistic Composites Market Size, By Region, 2014-2021 (USD Million)
Table 32 Ballistic Composites Market Size, By Region, 2014-2021 (Kiloton)
Table 33 North America: Ballistic Composites Market Size, By Matrix Type, 2014-2021 (USD Million)
Table 34 North America: Ballistic Composites Market Size, By Matrix Type, 2014-2021 (Kiloton)
Table 35 North America: Ballistic Composites Market Size, By Application, 2014-2021 (USD Million)
Table 36 North America: Ballistic Composites Market Size, By Application, 2014-2021 (Kiloton)
Table 37 North America: Ballistic Composites Market Size, By Country, 2014-2021 (USD Million)
Table 38 North America: Ballistic Composites Market Size, By Country, 2014-2021 (Kiloton)
Table 39 Europe: Ballistic Composites Market Size, By Matrix Type, 2014-2021 (USD Million)
Table 40 Europe: Ballistic Composites Market Size, By Matrix Type, 2014-2021 (Kiloton)
Table 41 Europe: Ballistic Composites Market Size, By Application, 2014-2021 (USD Million)
Table 42 Europe: Ballistic Composites Market Size, By Application, 2014-2021 (Kiloton)
Table 43 Europe: Ballistic Composites Market Size, By Country, 2014-2021 (USD Million)
Table 44 Europe: Ballistic Composites Market Size, By Country, 2014-2021 (Kiloton)
Table 45 Asia-Pacific: Ballistic Composites Market Size, By Matrix Type, 2014-2021 (USD Million)
Table 46 Asia-Pacific: Ballistic Composites Market Size, By Matrix Type, 2014-2021 (Kiloton)
Table 47 Asia-Pacific: Ballistic Composites Market Size, By Application, 2014-2021 (USD Million)
Table 48 Asia-Pacific: Ballistic Composites Market Size, By Application 2014-2021 (USD Million)
Table 49 Asia-Pacific: Ballistic Composites Market Size, By Country, 2014-2021 (USD Million)
Table 50 Asia-Pacific: Ballistic Composites Market Size, By Country, 2014-2021 (Kiloton)
Table 51 Latin America Ballistic Composites Market Size, By Matrix Type, 2014-2021 (USD Million)
Table 52 Latin America Ballistic Composites Market Size, By Matrix Type, 2014-2021 (Kiloton)
Table 53 Latin America Ballistic Composites Market Size, By Application, 2014-2021 (USD Million)
Table 54 Latin America Ballistic Composites Market Size, By Application, 2014-2021 (Kiloton)
Table 55 Latin America Ballistic Composites Market Size, By Country, 2014-2021 (USD Million)
Table 56 Latin America Ballistic Composites Market Size, By Country, 2014-2021 (Kiloton)
Table 57 Middle East & Africa Ballistic Composites Market Size, By Matrix Type, 2014-2021 (USD Million)
Table 58 Middle East & Africa Ballistic Composites Market Size, By Matrix Type, 2014-2021 (Kiloton)
Table 59 Middle East & Africa: Ballistic Composites Market Size, By Application, 2014-2021 (USD Million)
Table 60 Middle East & Africa: Ballistic Composites Market Size, By Application, 2014-2021 (Kiloton)
Table 61 Middle East & Africa Ballistic Composites Market Size, By Country, 2014-2021 (USD Million)
Table 62 Middle East & Africa Ballistic Composites Market Size, By Country, 2014-2021 (Kiloton)

List of Figures

Figure 1 Ballistic Composite Market Segmentation
Figure 2 Ballistic Composites Market: Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Ballistic Composites Market: Data Triangulation
Figure 6 Polymer Matrix to Drive Overall Ballistic Composites Market Between 2016 and 2021
Figure 7 Vehicle Armor Application to Lead Ballistic Composites Market
Figure 8 Aramid Fiber to Lead Ballistic Composites Market During Forecast Period
Figure 9 North America Estimated to Be Largest Ballistic Composites Market
Figure 10 High Demand From Military Application Driving Ballistic Composites Market, 2016-2021
Figure 11 Vehicle Armor to Be the Fastest-Growing Application of Ballistic Composites Market, 2016-2021
Figure 12 Aramid Fiber Drives the Ballistic Composites Market
Figure 13 Polymer Matrix to Lead Ballistic Composites Market During Forecast Period
Figure 14 China to Be the Fastest-Growing Market During Forecast Period
Figure 15 Factors Governing the Ballistic Composites Market
Figure 16 Porter’s Five Forces Analysis: Ballistic Composites Market
Figure 17 Trends and Forecast of GDP, 2016-2021 (USD Billion)
Figure 18 Per Capita GDP & Per Capita Composites Demand
Figure 19 Country-Wise Military Spending, 2015 vs 2016
Figure 20 Aramid Fiber Leads Overall Ballistic Composites Market
Figure 21 North America to Lead Aramid Fiber Ballistic Composites Market
Figure 22 Europe to Lead UHMPE Ballistic Composites Market
Figure 23 Polymer Matrix to Lead Overall Ballistic Composites Market
Figure 24 Asia-Pacific Leads Polymer Matrix Ballistic Composites Market
Figure 25 Vehicle Armor Application Leads Ballistic Composites Market
Figure 26 China to Witness Highest CAGR in Ballistic Composites Market
Figure 27 Ballistic Composites Market Snapshot: U.S. is the Most Lucrative Market in North America
Figure 28 Ballistic Composites Market Snapshot: France is the Most Lucrative Market in Europe
Figure 29 Ballistic Composites Market Snapshot: China is the Most Lucrative Market in Asia-Pacific
Figure 30 Dive Chart
Figure 31 Honeywell International Inc.: Company Snapshot
Figure 32 BAE Systems : Company Snapshot
Figure 33 Royal Ten Cate NV : Company Snapshot
Figure 34 DSM : Company Snapshot
Figure 35 Gurit : Company Snapshot
Figure 36 Dupont : Company Snapshot
Figure 37 Teijin : Company Snapshot
Figure 38 Morgan Advanced Materials : Company Snapshot
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BAE Systems
  • DSM
  • FY Composites OY
  • Gurit
  • Morgan Advanced Materials
  • Royal Ten Cate NV
  • MORE

The global ballistic composites market is projected to reach USD 1.80 Billion by 2021, at a CAGR of 7.12%, from 2016 to 2021. The increasing demand for ballistic composites in personal protection due to its light weight and high strength properties is a major reason for the growth of the global ballistic composites market.

The global ballistic composites market is segmented into fiber type, matrix type, application, and region. The ballistic composites market, by fiber type is further segmented into aramid fiber, UHMWPE fiber, and S-Glass fiber. In 2015, aramid fiber had the largest market share in terms of value and volume owing to the high demand from helmets, vests, and shields applications.

The ballistic composites market by matrix type includes polymer matrix, polymer-ceramic matrix, and metal matrix types. The global ballistic composites market by matrix type is driven by polymer matrix in terms of both, value and volume. There is a high demand for polymer matrix for various applications such as helmets, and body vests, among others due to their unique properties such as low in weight, high friction, temperature resistance properties along with high toughness and impact & flexural strength.

The major applications of ballistic composites are vehicle armor, body armor, and helmets & face protection.  There is a high demand for ballistic composites in vehicle armor as these composites are used in the manufacture of vehicle armor, offers the vehicles with high level protection against ballistic threats from bullets, missiles, and other ammunition. Also, the light weight property of the composites helps in reduction of the weight of military vehicles, providing ease and convenience in mobility.

North America is estimated to lead the ballistic composites market from 2016 to 2021 due to the rising demand for ballistic composites from the military and law-enforcement sectors and, heavy spending on research and military programs.  The region is the most promising market for ballistic composites due to the presence of a large number of ballistic composites manufacturers. These factors are expected to continue to drive the ballistic composites market in North America between 2016 and 2021. However, the market in the Asia-Pacific is expected to be the fastest-growing between 2016 and 2021 owing to high military expenditure and growing demand for advanced ballistic materials for body and vehicle armor.

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  • BAE Systems
  • Barrday Corporation
  • DSM
  • Dupont
  • FY Composites OY
  • Gaffco Ballistics
  • Gurit
  • Honeywell International Inc.
  • M Cubed Technologies, Inc.
  • MKU Limited
  • Morgan Advanced Materials
  • PRF Composites
  • Royal Ten Cate NV
  • Southern States LLC
  • Teijin
Note: Product cover images may vary from those shown
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