Ballistic Composites Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-25

Ballistic composites are used as protective materials in military applications such as law enforcement vests, helmets, and body and vehicle armors. The primary function of these materials is to absorb the impact energy caused by explosives. The entire ballistic composites market is predominantly used by military and law enforcement organizations. The rules and regulations around the use of ballistic composites that bar civilian from possessing armors in most countries, has restricted growth of the market. Due to technological advances in combat weapons and explosives, threats on the battlefront are changing. This has boosted the need for protective equipment to counter these highly enhanced weapons. Moreover, increasing demand for lightweight and flexible armor to allow mobility has augmented market growth. A major challenge the industry faces is keeping up with growing weapon advancements.

Ballistic Composites Market Taxonomy

On the basis of fiber

  • Aramid Fibers
    • Para-Aramid
    • Meta-Aramid
  • Glass
  • M5
  • Hybrids
  • Others

On the basis of matrix

  • Polymer matrix composites (PMC)
    • Reinforced plastics
    • Advanced composites
  • Polymer ceramic
  • Metal Matrix

On the basis of application

  • Vehicle Armor
    • Marine Vehicle
    • Land Vehicle
    • Air Vehicle
  • Body Armor
    • Body Vests
    • Shields
    • Protective Under Garments
  • Helmets & Facial Protection
  • Others

Aramids are synthetic high performance fibers that have rigid polymer chains. They are heat resistant and are used for aerospace applications. UHMPE is used for high resistance applications. Glass fiber are transparent and are resistant to penetration. They are commonly used to make bulletproof glasses for automobiles and buildings. M5 fiber is used for a special purpose body armor due to its flame and thermal resistance.. It is comparatively lighter than other fibers.

Polymer matrix composites (PMC) and polymer ceramics possess good abrasion and corrosion resistance, due to which they are used in brake components, gas ducts, gas turbines, and heat shield systems of aircraft. Metal Matrix are more expensive than compared to PMC and polymer ceramics, however, they are used for tank and aircraft armors.

Ballistic composites are used in military operations. Military vehicles are reinforced with ballistic composites for better performance.

Ballistic Composites Market Outlook

  • North America is the largest market for ballistic composites. The Trump administration announced a military budget of US$ 824.7 billion for the fiscal year 2018. The large figure is the result of ongoing U.S. operations in Syria, Afghanistan, and Pakistan. Also, modernizing current fighter jet fleet and procurement of other military vehicles such as tanks, combat vehicles is projected to boost the market in the region.
  • Asia Pacific is the fastest growing market for ballistic composites. China is expected to increase its military spending by 7% from US$210 billion to US$224.7 billion over the following years. Escalating tensions in the South China Sea between China, Taiwan, Philippines, Vietnam, Malaysia and Brunei has led to increased defense spending which has boosted the ballistic composites market. The Indian Army in 2017 procured 160,000 bulletproof helmets made of Kevlar which is a para-aramid fiber.
  • European countries that are a part of NATO are slated to spend 4.3% more on defense budget, which is a result of mounting friction between Russia and NATO members. Moreover, major arms and defense vehicle manufacturers are present in this region. Dassault, Sukhoi, Lockheed Martin, BAE Systems, Boeing, and Thales are major arms manufacturing companies having operations in Europe.
  • Latin America has a small arms industry. Most of the arms are imported from Europe and North America. Although the military spending in this region is low, illegal arms trafficking is rampant. The region accounts for 9% of the global population with 27% homicide cases.
  • Middle East is a nascent market for armored vehicles with only Saudi Arabia a major player. Saudi Arabia is the third largest spender in defense after the U.S. and China. African militaries lack vehicles and armor made from ballistic composites and rely on older technology models.

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, and Teiji are some of the major players in the global ballistic composite market.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.