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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

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    Report

  • 212 Pages
  • September 2022
  • Region: Global
  • Markets and Markets
  • ID: 5658617

Military and Law Enforcement Sectors Will Drive the Market

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% during the forecast period. 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 armor, 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.

Research Coverage

This report covers the global ballistic composites market and forecasts the market size until 2027. The report includes the market segmentation -Fiber Type (Aramid Fiber, UHMWPE Fiber, S-Glass, and others), Product Type (Vehicle Armor, Body Armor, Helmets & Face Protection, and Others), Platform (Land, Marine, Airborne), By Matrix Type (Polymer Matrix, Polymer-ceramic Matrix, Metal Matrix), Application (Military, Homeland Security, and Others), and Region (Europe, North America, APAC, Latin America, and MEA). Porter’s Five Forces analysis, along with the drivers, restraints, opportunities, and challenges, are discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global ballistic composites market.

The report provides a comprehensive analysis of company profiles listed below:

  • Honeywell International Inc (US)
  • Koninklijke DSM N.V. (Netherlands)
  • BAE Systems (UK)
  • Royal Ten Cate (Netherlands)
  • Morgan Advanced Materials (UK)
  • DuPont de Nemours Inc. (US)
  • Solvay (Belgium)
  • Gurit (Switzerland)
  • Teijin Limited (Japan)
  • Gaffco Ballistics (US)
  • M Cube Technologies Inc. (US)
  • FY-Composites OY (Finland)
  • MKU Limited (India)

Breakup of Primaries

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 - 60%, Tier 2 - 20%, and Tier 3 - 20%
  • By Designation: C Level - 33%, Director Level - 33%, and Managers - 34%
  • By Region: North America - 20%, Europe - 25%, APAC - 25%, Latin America - 10%, and MEA - 20%

Key Benefits of Buying the Report

The report will help market leaders/new entrants in this market in the following ways:

  • This report segments the global ballistic composites market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
  • The report helps stakeholders understand the pulse of the ballistic composites market and provides them with information on key market drivers, restraints, challenges, and opportunities.
  • This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, and acquisitions.

Reasons to Buy the Report

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

Frequently Asked Questions about the Global Ballistic Composites Market

What is the estimated value of the Global Ballistic Composites Market?

The Global Ballistic Composites Market was estimated to be valued at $2 Billion in 2022.

What is the growth rate of the Global Ballistic Composites Market?

The growth rate of the Global Ballistic Composites Market is 8.6%, with an estimated value of $3.1 Billion by 2027.

What is the forecasted size of the Global Ballistic Composites Market?

The Global Ballistic Composites Market is estimated to be worth $3.1 Billion by 2027.

Who are the key companies in the Global Ballistic Composites Market?

Key companies in the Global Ballistic Composites Market include 3M, ArmorWorks, Inc., BAE Systems PLC, Barrday Inc., Coorstek, Inc., DuPont de Nemours, Inc., FY, Composites OY, Gaffco Ballistics and GMS Composites.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Market Scope
Figure 1 Ballistic Composites: Market Segmentation
1.3.1 Regional Scope
1.3.2 Years Considered
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Ballistic Composites Market: Research Methodology
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Primary Interviews: Top Ballistic Composite Manufacturers
2.1.2.2 Breakdown of Primary Interviews
2.1.2.3 Key Industry Insights
2.2 Base Number Calculation
2.2.1 Approach 1: Supply-Side Analysis
2.2.2 Approach 2: Demand-Side Approach
2.3 Forecast Number Calculation
2.3.1 Supply Side
2.3.2 Demand Side
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
2.4.2 Top-Down Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
2.5 Data Triangulation
Figure 5 Ballistic Composites Market: Data Triangulation
2.6 Research Assumptions

3 Executive Summary
Figure 6 Polymer Matrix to Drive Overall Ballistic Composites Market
Figure 7 Vehicle Armor Product Type to Lead Ballistic Composites Market
Figure 8 Aramid Fiber Type to Lead Ballistic Composites Market
Figure 9 Land Platform to Dominate Ballistic Composites Market
Figure 10 Military Application to Drive Overall Ballistic Composites Market
Figure 11 North America to be Largest Ballistic Composites Market

4 Premium Insights
4.1 Attractive Opportunities for Players in Ballistic Composites Market
Figure 12 Military and Law Enforcement Sectors to Drive Ballistic Composites Market
4.2 Ballistic Composites Market, by Application and Region, 2021
Figure 13 Military Was Largest Application and North America Was Largest Region
4.3 Ballistic Composites Market, by Fiber Type
Figure 14 Aramid Fiber Drives Ballistic Composites Market
4.4 Ballistic Composites Market, by Matrix Type
Figure 15 Polymer Matrix to Lead Ballistic Composites Market
4.5 Ballistic Composites Market, by Product Type
Figure 16 Vehicle Armor Product Type to Lead Ballistic Composites Market
4.6 Ballistic Composites Market, by Platform
Figure 17 Land Platform to Dominate Ballistic Composites Market
4.7 Ballistic Composites Market, by Country
Figure 18 China to be Fastest-Growing Market

5 Market Overview
5.1 Market Dynamics
Figure 19 Drivers, Restraints, Opportunities, and Challenges in Ballistic Composites Market
5.1.1 Drivers
5.1.1.1 Increasing Demand for Personnel Protection
5.1.1.2 Upgrades in Battlefield Scenarios
5.1.1.3 Need for Lightweight, Comfortable, and High-Strength Materials
5.1.2 Restraints
5.1.2.1 Failure in Providing Complete Protection
5.1.2.2 High Costs and Extremely Stringent Standards
5.1.2.3 Complexity in Designing
5.1.3 Opportunities
5.1.3.1 R&D and Mass Production of Ballistic Fiber
5.1.3.2 High Growth in Asia-Pacific Region
5.1.3.3 Evolution and Adoption of New Technologies and Products
5.1.4 Challenges
5.1.4.1 Development of Durable Ballistic Composites as Per Threats
5.2 Porter's Five Forces Analysis
Figure 20 Ballistic Composites Market: Porter's Five Forces Analysis
5.2.1 Bargaining Power of Buyers
5.2.2 Bargaining Power of Suppliers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitutes
5.2.5 Intensity of Competitive Rivalry
Table 1 Ballistic Composites Market: Porter's Five Forces Analysis
5.3 Supply Chain Analysis
Table 2 Ballistic Composites Market: Supply Chain
5.4 Pricing Analysis
5.4.1 Average Selling Prices of Key Players, by Application
Figure 21 Average Selling Price, by Application, (Key Players) (USD/KG)
5.5 Average Selling Price
Table 3 Ballistic Composites Average Selling Prices, by Region
5.6 Key Stakeholders and Buying Criteria
5.6.1 Key Stakeholders in Buying Process
Figure 22 Influence of Stakeholders in Buying Process for Top-Three Applications
Table 4 Influence of Stakeholders in Buying Process for Top Three Applications
5.6.2 Buying Criteria
Figure 23 Key Buying Criteria for Top Three Product Types
Table 5 Key Buying Criteria for Top-Three Product Types
5.7 Technology Analysis
5.8 Ballistic Composites Market: Optimistic, Pessimistic, and Realistic Scenarios
Table 6 Ballistic Composites Market: CAGR (By Value) in Realistic, Pessimistic, and Optimistic Scenarios
5.8.1 Optimistic Scenario
5.8.2 Pessimistic Scenario
5.8.3 Realistic Scenario
5.9 Key Conferences and Events in 2022-2023
Table 7 Ballistic Composites Market: Detailed List of Conferences and Events
5.10 Global Regulatory Framework and Its Impact on Ballistic Composites Market
5.10.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 Middle East & Africa: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.11 Ecosystem: Ballistic Composites Market
5.12 Value Chain Analysis: Ballistic Composites Market
Figure 24 Value Chain Analysis
5.13 Patent Analysis
Table 12 Patent Analysis (2019-2022)

6 Ballistic Composites Market, by Fiber Type
6.1 Introduction
Figure 25 Aramid Fiber Type Leads Overall Ballistic Composites Market
Table 13 Ballistic Composites Market Size, by Fiber Type, 2020-2027 (USD Million)
Table 14 Ballistic Composites Market Size, by Fiber Type, 2020-2027 (Kiloton)
6.2 Aramid Fiber Ballistic Composites
6.2.1 Extensively Used in Body Armor
Figure 26 North America to Lead Aramid Fiber Ballistic Composites Market
Table 15 Aramid Fiber Ballistic Composites Market Size, by Region, 2020-2027 (USD Million)
Table 16 Aramid Fiber Ballistic Composites Market Size, by Region, 2020-2027 (Kiloton)
6.3 UHMWPE
6.3.1 Strongest Fibers That are Used in Helmets, Vests, and Plates
Figure 27 Europe to Lead UHMWPE Ballistic Composites Market
Table 17 UHMWPE Ballistic Composites Market Size, by Region, 2020-2027 (USD Million)
Table 18 UHMWPE Ballistic Composites Market Size, by Region, 2020-2027 (Kiloton)
6.4 S-Glass
6.4.1 Asia-Pacific Expected to Account for Largest Share
Figure 28 Asia-Pacific Led S-Glass Fiber Ballistic Composites Market
Table 19 S-Glass Fiber Ballistic Composites Market Size, by Region, 2020-2027 (USD Million)
Table 20 S-Glass Fiber Ballistic Composites Market Size, by Region, 2020-2027 (Kiloton)
6.5 Others
6.5.1 M5
6.5.2 Hybrid
Table 21 Other Fiber Ballistic Composites Market Size, by Region, 2020-2027 (USD Million)
Table 22 Other Fiber Ballistic Composites Market Size, by Region, 2020-2027 (Kiloton)

7 Ballistic Composites Market, by Matrix Type
7.1 Introduction
Figure 29 Polymer Matrix Dominates Overall Ballistic Composites Market
Table 23 Ballistic Composites Market Size, by Matrix Type, 2020-2027 (Kiloton)
Table 24 Ballistic Composites Market Size, by Matrix Type, 2020-2027 (USD Million)
7.2 Polymer
7.2.1 Expected to Account for Largest Share of Market
Figure 30 North America to Lead Polymer Matrix Ballistic Composites Market
Table 25 Polymer Matrix: Ballistic Composites Market Size, by Region, 2020-2027 (Kiloton)
Table 26 Polymer Matrix: Ballistic Composites Market Size, by Region, 2020-2027 (USD Million)
7.3 Polymer-Ceramic
7.3.1 Vehicle Armor Driving Demand for Polymer-Ceramic Ballistic Composites
Figure 31 North America to Lead Polymer-Ceramic Matrix Ballistic Composites Market
Table 27 Polymer-Ceramic: Matrix Ballistic Composites Market Size, by Region, 2020-2027 (Kiloton)
Table 28 Polymer-Ceramic: Matrix Ballistic Composites Market Size, by Region, 2020-2027 (USD Million)
7.4 Metal
7.4.1 North America Expected to Account for Major Share
Figure 32 North America Led Metal Matrix Ballistic Composites Market
Table 29 Metal Matrix: Ballistic Composites Market Size, by Region, 2020-2027 (Kiloton)
Table 30 Metal Matrix: Ballistic Composites Market Size, by Region, 2020-2027 (USD Million)

8 Ballistic Composites Market, by Product Type
8.1 Introduction
Figure 33 Vehicle Armor to Lead Ballistic Composites Market
Table 31 Ballistic Composites Market Size, by Product Type, 2020-2027 (USD Million)
Table 32 Ballistic Composites Market Size, by Product Type, 2020-2027 (Kiloton)
8.2 Vehicle Armor
8.2.1 Vehicle Armor Made from Ballistic Composites is Lightweight
8.2.2 Marine Vehicle Armor
8.2.3 Land Vehicle Armor
8.2.4 Air Vehicle Armor
Figure 34 North America to Lead Vehicle Armor Market
Table 33 Vehicle Armor Ballistic Composites Market Size, by Region, 2020-2027 (USD Million)
Table 34 Vehicle Armor Ballistic Composites Market Size, by Region, 2020-2027 (Kiloton)
8.3 Body Armor
8.3.1 Aramid Fiber Frequently Employed in Body Armor Applications
Figure 35 Asia-Pacific to Lead Body Armor Market
Table 35 Body Armor Ballistic Composites Market Size, by Region, 2020-2027 (USD Million)
Table 36 Body Armor Ballistic Composites Market Size, by Region, 2020-2027 (Kiloton)
8.3.2 Body Armor: by Application
Table 37 Body Armor Ballistic Composites Market Size, by Application, 2020-2027 (USD Million)
Table 38 Body Armor Ballistic Composites Market Size, by Application, 2020-2027 (Kiloton)
8.3.3 Body Vests
8.3.4 Shields
8.3.5 Protective Undergarments
8.4 Helmets & Face Protection
8.4.1 Use of Ballistic Composites in Helmets Make Them Lighter
Figure 36 Asia-Pacific to Lead Helmets & Face Protection Segment
Table 39 Helmets & Face Protection Ballistic Composites Market Size, by Region, 2020-2027 (USD Million)
Table 40 Helmets & Face Protection Ballistic Composites Market Size, by Region, 2020-2027 (Kiloton)
8.5 Others
Figure 37 Asia-Pacific to Lead Other Product Types Segment
Table 41 Other Ballistic Composites Market Size, by Region, 2020-2027 (USD Million)
Table 42 Other Ballistic Composites Market Size, by Region, 2020-2027 (Kiloton)

9 Ballistic Composites Market, by Platform
9.1 Introduction
Table 43 Ballistic Composites Market Size, by Platform, 2020-2027 (USD Million)
Table 44 Ballistic Composites Market Size, by Platform, 2020-2027 (Kiloton)
Figure 38 Land Platform Dominates Overall Ballistic Composites Market
9.2 Land
9.2.1 Land to Account for Largest Share
Table 45 Land: Ballistic Composites Market Size, by Application 2020-2027 (USD Million)
Table 46 Land: Ballistic Composites Market Size, by Application 2020-2027 (Kiloton)
9.2.2 Unmanned Armored Ground Vehicles
9.2.3 Soldiers & Security Personnel
9.2.4 Base Station
9.3 Marine
9.3.1 Rise in Demand for Maritime Security
Table 47 Marine: Ballistic Composites Market Size, by Application 2020-2027 (USD Million)
Table 48 Marine: Ballistic Composites Market Size, by Application, 2020-2027 (Kiloton)
9.3.2 Destroyers
9.3.3 Frigates
9.3.4 Offshore Support Vessels
9.4 Airborne
9.4.1 Introduction of UAVs due to Changing War Dynamics
Table 49 Airborne: Ballistic Composites Market Size, by Application 2020-2027 (USD Million)
Table 50 Airborne Ballistic Composites Market Size, by Application, 2020-2027 (Kiloton)
9.4.2 Fixed-Wing Aircraft
9.4.3 Helicopters
9.4.4 Unmanned Aerial Vehicles (UAVs)

10 Ballistic Composites Market, by Application
10.1 Introduction
Table 51 Ballistic Composites Market Size, by Application, 2020-2027 (USD Million)
Table 52 Ballistic Composites Market Size, by Application, 2020-2027 (Kiloton)
Figure 39 Military Application Dominates Overall Ballistic Composites Market
10.2 Military
10.2.1 Increase in Geopolitical Tensions in Emerging Economies
Table 53 Ballistic Composites Market Size in Military, by Region, 2020-2027 (USD Million)
Table 54 Ballistic Composites Market Size in Military, by Region, 2020-2027 (Kiloton)
10.3 Homeland Security
10.3.1 Personal Protective Equipment to Provide Safety During Missions
Table 55 Ballistic Composites Market Size in Homeland Security, by Region, 2020-2027 (USD Million)
Table 56 Ballistic Composites Market Size in Homeland Security, by Region, 2020-2027 (Kiloton)
10.4 Others
Table 57 Ballistic Composites Market Size in Other Applications, by Region, 2020-2027 (USD Million)
Table 58 Ballistic Composites Market Size in Other Applications, by Region, 2020-2027 (Kiloton)

11 Ballistic Composites Market, by Region
11.1 Introduction
Figure 40 China to Register Highest CAGR During Forecast Period
Table 59 Ballistic Composites Market Size, by Region, 2020-2027 (Kiloton)
Table 60 Ballistic Composites Market Size, by Region, 2020-2027 (USD Million)
11.2 North America
Figure 41 North America: Ballistic Composites Market Snapshot
11.2.1 By Matrix Type
Table 61 North America: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (Kiloton)
Table 62 North America: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (USD Million)
11.2.2 By Product Type
Table 63 North America: Ballistic Composites Market Size, by Product Type, 2020-2027 (Kiloton)
Table 64 North America: Ballistic Composites Market Size, by Product Type, 2020-2027 (USD Million)
11.2.3 By Platform
Table 65 North America: Ballistic Composites Market Size, by Platform, 2020-2027 (Kiloton)
Table 66 North America: Ballistic Composites Market Size, by Platform, 2020-2027 (USD Million)
11.2.4 By Application
Table 67 North America: Ballistic Composites Market Size, by Application, 2020-2027 (Kiloton)
Table 68 North America: Ballistic Composites Market Size, by Application, 2020-2027 (USD Million)
11.2.5 By Country
Table 69 North America: Ballistic Composites Market Size, by Country, 2020-2027 (Kiloton)
Table 70 North America: Ballistic Composites Market Size, by Country, 2020-2027 (USD Million)
11.2.5.1 US
11.2.5.2 High Consumption of Ballistic Composites in Military and Next-Generation Aircraft
Table 71 US: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (Kiloton)
Table 72 US: Ballistic Composites Market Size, Matrix Type, 2020-2027 (USD Million)
11.2.5.3 Canada
11.2.5.3.1 Increasing Focus on Development of Ballistic Composites for Vehicle Armor
Table 73 Canada: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (Kiloton)
Table 74 Canada: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (USD Million)
11.3 Europe
Figure 42 Europe: Ballistic Composites Market Snapshot
11.3.1 Europe: Ballistic Composites Market, by Matrix Type
Table 75 Europe: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (Kiloton)
Table 76 Europe: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (USD Million)
11.3.2 Europe: Ballistic Composites Market, by Platform
Table 77 Europe: Ballistic Composites Market Size, by Platform, 2020-2027 (Kiloton)
Table 78 Europe: Ballistic Composites Market Size, by Platform, 2020-2027 (USD Million)
11.3.3 Europe: Ballistic Composites Market, by Application
Table 79 Europe: Ballistic Composites Market Size, by Application, 2020-2027 (Kiloton)
Table 80 Europe: Ballistic Composites Market Size, by Application, 2020-2027 (USD Million)
11.3.4 Europe: Ballistic Composites Market, by Product Type
Table 81 Europe: Ballistic Composites Market Size, by Product Type, 2020-2027 (Kiloton)
Table 82 Europe: Ballistic Composites Market Size, by Product Type, 2020-2027 (USD Million)
11.3.5 Europe: Ballistic Composites Market, by Country
Table 83 Europe: Ballistic Composites Market Size, by Country, 2020-2027 (Kiloton)
Table 84 Europe: Ballistic Composites Market Size, by Country, 2020-2027 (USD Million)
11.3.5.1 Germany
11.3.5.1.1 Largest Supplier of Armored Vehicles
Table 85 Germany: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (Kiloton)
Table 86 Germany: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (USD Million)
11.3.5.2 France
11.3.5.2.1 Significant Ballistic Composites Market in Region
Table 87 France: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (Kiloton)
Table 88 France: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (USD Million)
11.3.5.3 UK
11.3.5.3.1 Increase in Demand for High-Performance Materials
Table 89 UK: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (Kiloton)
Table 90 UK: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (USD Million)
11.3.5.4 Russia
11.3.5.4.1 Increase in Military Spending in Russia
Table 91 Russia: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (Kiloton)
Table 92 Russia: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (USD Million)
11.3.5.5 Rest of Europe
11.4 Asia-Pacific
Figure 43 Asia-Pacific: Ballistic Composites Market Snapshot
11.4.1 Ballistic Composites Market, by Matrix Type
Table 93 Asia-Pacific: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (USD Million)
Table 94 Asia-Pacific: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (Kiloton)
11.4.2 Ballistic Composites Market, by Platform
Table 95 Asia-Pacific: Ballistic Composites Market Size, by Platform, 2020-2027 (USD Million)
Table 96 Asia-Pacific: Ballistic Composites Market Size, by Platform, 2020-2027 (Kiloton)
11.4.3 Ballistic Composites Market, by Application
Table 97 Asia-Pacific: Ballistic Composites Market Size, by Application, 2020-2027 (USD Million)
Table 98 Asia-Pacific: Ballistic Composites Market Size, by Application, 2020-2027 (Kiloton)
11.4.4 Ballistic Composites Market, by Product Type
Table 99 Asia-Pacific: Ballistic Composites Market Size, by Product Type, 2020-2027 (USD Million)
Table 100 Asia-Pacific: Ballistic Composites Market Size, by Product Type 2020-2027 (Kiloton)
11.4.5 Ballistic Composites Market, by Country
Table 101 Asia-Pacific: Ballistic Composites Market Size, by Country, 2020-2027 (USD Million)
Table 102 Asia-Pacific: Ballistic Composites Market Size, by Country, 2020-2027 (Kiloton)
11.4.5.1 China
11.4.5.1.1 Significant Increase in Military Spending to Drive Market
Table 103 China: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (USD Million)
Table 104 China: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (Kiloton)
11.4.5.2 Japan
11.4.5.2.1 Increase in Military Budgets to Counter Threats to Drive Market
Table 105 Japan: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (USD Million)
Table 106 Japan: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (Kiloton)
11.4.5.3 India
11.4.5.3.1 Most Attractive International Market for Ballistic Composite Manufacturers
11.4.5.4 Australia
11.4.5.4.1 Defense Programs to Open New Investment Avenues
11.4.5.5 Rest of Asia-Pacific
11.5 Latin America
11.5.1 Ballistic Composites Market, by Matrix Type
Table 107 Latin America: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (USD Million)
Table 108 Latin America: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (Kiloton)
11.5.2 Ballistic Composites Market, by Platform
Table 109 Latin America: Ballistic Composites Market Size, by Platform, 2020-2027 (USD Million)
Table 110 Latin America: Ballistic Composites Market Size, by Platform, 2020-2027 (Kiloton)
11.5.3 Ballistic Composites Market, by Application
Table 111 Latin America: Ballistic Composites Market Size, by Application, 2020-2027 (USD Million)
Table 112 Latin America: Ballistic Composites Market Size, by Application, 2020-2027 (Kiloton)
11.5.4 Ballistic Composites Market, by Product Type
Table 113 Latin America: Ballistic Composites Market Size, by Product Type, 2020-2027 (USD Million)
Table 114 Latin America: Ballistic Composites Market Size, by Product Type 2020-2027 (Kiloton)
11.5.5 Ballistic Composites Market, by Country
Table 115 Latin America: Ballistic Composites Market Size, by Country, 2020-2027 (USD Million)
Table 116 Latin America: Ballistic Composites Market Size, by Country, 2020-2027 (Kiloton)
11.5.5.1 Brazil
11.5.5.1.1 High Demand for Ballistic Composites in Vehicle Armor Segment
Table 117 Brazil: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (USD Million)
Table 118 Brazil: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (Kiloton)
11.5.5.2 Mexico
11.5.5.2.1 Increase in Demand for Ballistic Composites due to Growing Defense Sector
11.5.5.3 Rest of Latin America
11.6 Middle East & Africa
11.6.1 Ballistic Composites Market, by Matrix Type
Table 119 Middle East & Africa: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (Kiloton)
Table 120 Middle East & Africa: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (USD Million)
11.6.2 Ballistic Composites Market, by Product Type
Table 121 Middle East & Africa: Ballistic Composites Market Size, by Product Type, 2020-2027 (Kiloton)
Table 122 Middle East & Africa: Ballistic Composites Market Size, by Product Type, 2020-2027 (USD Million)
11.6.3 Ballistic Composites Market, by Platform
Table 123 Middle East & Africa: Ballistic Composites Market Size, by Platform, 2020-2027 (Kiloton)
Table 124 Middle East & Africa: Ballistic Composites Market Size, by Platform, 2020-2027 (USD Million)
11.6.4 Ballistic Composites Market, by Application
Table 125 Middle East & Africa: Ballistic Composites Market Size, by Application, 2020-2027 (Kiloton)
Table 126 Middle East & Africa: Ballistic Composites Market Size, by Application, 2020-2027 (USD Million)
11.6.5 Ballistic Composites Market, by Country
Table 127 Middle East & Africa: Ballistic Composites Market Size, by Country, 2020-2027 (Kiloton)
Table 128 Middle East & Africa: Ballistic Composites Market Size, by Country, 2020-2027 (USD Million)
11.6.5.1 Israel
11.6.5.1.1 Government Initiatives to Drive Market
Table 129 Israel: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (Kiloton)
Table 130 Israel: Ballistic Composites Market Size, by Matrix Type, 2020-2027 (USD Million)
11.6.5.2 Saudi Arabia
11.6.5.3 South Africa
11.6.5.4 Rest of Middle East & Africa

12 Competitive Landscape
12.1 Introduction
12.2 Market Share Analysis
Figure 44 Share of Top Companies in Ballistic Composites Market
Table 131 Degree of Competition: Ballistic Composites Market
12.3 Market Ranking
Figure 45 Ranking of Top Five Players
12.4 Market Evaluation Framework
Table 132 Ballistic Composites Market: Deals, 2018-2022
Table 133 Ballistic Composites Market: Others, 2018-2022
Table 134 Ballistic Composites Market: New Product Developments, 2018-2022
12.5 Revenue Analysis of Top Market Players
12.6 Company Evaluation Matrix
Table 135 Company Footprint
Table 136 Company Fiber Type Footprint
Table 137 Company Platform Type Footprint
Table 138 Company Matrix Type Footprint
Table 139 Company Product Type Footprint
Table 140 Company Region Footprint
12.6.1 Strength of Product Portfolio
Figure 46 Product Portfolio Analysis of Top Players
12.6.2 Business Strategy Excellence
Figure 47 Business Strategy Excellence of Top Players
12.7 Company Evaluation Quadrant (Tier 1)
12.7.1 Terminology/Nomenclature
12.7.1.1 Stars
12.7.1.2 Pervasive Players
12.7.1.3 Participants
12.7.1.4 Emerging Leaders
Figure 48 Ballistic Composites Market (Global): Competitive Leadership Mapping, 2020
12.7.1.5 Competitive Benchmarking of Key Startups/SMEs
Table 141 Ballistic Composites Market: Detailed List of Key Startups/SMEs
Table 142 Ballistic Composites Market: Competitive Benchmarking of Key Startups/SMEs
12.8 Small and Medium-Sized Enterprises (SMEs) Evaluation Matrix
12.9 Startups/Small and Medium-Sized Enterprises (SMEs) Evaluation Matrix
12.9.1 Progressive Companies
12.9.2 Responsive Companies
12.9.3 Dynamic Companies
12.9.4 Starting Blocks
Figure 49 Ballistic Composites Market: Small and Medium-Sized Enterprises Mapping, 2021

13 Company Profiles
(Business Overview, Products/Solutions/Services Offered, New Product/Technology Developments, Deals, Analyst's View)*
13.1 Key Players
13.1.1 Honeywell International Inc.
Table 143 Honeywell International Inc.: Company Overview
Figure 50 Honeywell International Inc.: Company Snapshot
13.1.2 BAE Systems PLC
Table 144 BAE Systems PLC: Company Overview
Figure 51 BAE Systems PLC: Company Snapshot
13.1.3 Royal Ten Cate N.V.
Table 145 Royal Ten Cate N.V.: Company Overview
13.1.4 Koninklijke DSM N.V.
Table 146 Koninklijke DSM N.V.: Company Overview
Figure 52 Koninklijke DSM N.V.: Company Snapshot
13.1.5 Gurit
Table 147 Gurit: Company Overview
Figure 53 Gurit: Company Snapshot
13.1.6 DuPont de Nemours, Inc.
Table 148 DuPont de Nemours, Inc.: Company Overview
Figure 54 DuPont de Nemours, Inc.: Company Snapshot
13.1.7 Teijin Ltd.
Table 149 Teijin Ltd.: Company Overview
Figure 55 Teijin Ltd.: Company Snapshot
13.1.8 Morgan Advanced Materials
Table 150 Morgan Advanced Materials: Company Overview
Figure 56 Morgan Advanced Materials: Company Snapshot
13.1.9 Southern States LLC
Table 151 Southern States, LLC: Company Overview
13.1.10 Barrday Inc.
Table 152 Barrday Inc.: Company Overview
13.1.11 PRF Composite Materials
Table 153 PRF Composite Materials: Company Overview
13.1.12 Gaffco Ballistics
Table 154 Gaffco Ballistics: Company Overview
13.1.13 M Cubed Technologies, Inc.
Table 155 M Cubed Technologies, Inc.: Company Overview
13.1.14 FY-Composites OY
Table 156 FY-Composites OY: Company Overview
13.1.15 MKU Limited
Table 157 MKU Limited: Company Overview
13.2 Other Key Players
13.2.1 Indian Armour
13.2.2 Polyone Corporation
13.2.3 Coorstek, Inc.
13.2.4 GMS Composites
13.2.5 Rochling Group
13.2.6 Plasan
13.2.7 3M
13.2.8 Rheinmetall AG
13.2.9 Solvay
13.2.10 ArmorWorks, Inc.
*Details on Business Overview, Products Offered, Recent Developments, Deals, Analyst's View Might Not be Captured in Case of Unlisted Companies

14 Appendix
14.1 Discussion Guide
14.2 Knowledgestore: The Subscription Portal
14.3 Customization Options

Executive Summary

Companies Mentioned

  • 3M
  • ArmorWorks, Inc.
  • BAE Systems PLC
  • Barrday Inc.
  • Coorstek, Inc.
  • DuPont de Nemours, Inc.
  • FY-Composites OY
  • Gaffco Ballistics
  • GMS Composites
  • Gurit
  • Honeywell International Inc.
  • Indian Armour
  • Koninklijke DSM N.V.
  • M Cubed Technologies, Inc.
  • MKU Limited
  • Morgan Advanced Materials
  • Plasan
  • Polyone Corporation
  • PRF Composite Materials
  • Rheinmetall AG
  • Rochling Group
  • Royal Ten Cate N.V.
  • Solvay
  • Southern States LLC
  • Teijin Ltd.

Methodology

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