Increasing Need For Lightweight, Comfortable And High-Strength Materials Is Expected To Drive Ballistic Composites Market Till 2025: Grand View Research, Inc.
The
global ballistic composites market is expected to reach
USD 2.18 billion by 2025, according to a new report by Grand View Research,
Inc. Unstable geopolitical relations, increasing cross-border tensions have
forced nations to strengthen their defense units. Providing lightweight, efficient
and advanced combat equipment has been on top priorities of most of the
developed as well as developing countries. This has triggered the use of
ballistic composites over the past few years.
Several
factors, like the propensity of the composite armor of supporting the weight of
an externally attached component, anchoring composite armor with a platform,
safeguarding of ballistic weaknesses at panel joints and corners are taken into
consideration while product designing and production are executed.
U.S. ballistic composites market revenue, by product, 2014 - 2025 (USD Million) |
Ballistic
vests are envisioned to deflect bullets from several types of guns, while
armored vehicles must withstand projectiles, shells fired from tanks and
roadside bombs. The layout of ballistic materials thus presents challenges
familiar to any composites manufacturer.
North
America is slated to account for larger market share. Active involvement of the
U.S. military to counter terror threats is expected to fuel the product demand.
Rising pressure on the U.S. government to maintain its military dominance is
also expected to drive the regional market.
The
key value chain components for the ballistic protective equipment market
include raw material suppliers, ballistic equipment manufacturers, and
end-users. The raw material suppliers form the first component in the value
chain and provide various metals, materials, and fabrics required for producing
ballistic protection suits.
Major
companies in the global ballistic composites market include DuPont, Teijin, DSM
and Honeywell International. The market can be characterized by increasing
R&D spending and continuous efforts for new product development.
Browse full
research report on Ballistic Composites Market: www.grandviewresearch.com/industry-analysis/ballistic-composites-market
Further key
findings from the report suggest:
- Asia Pacific is expected to emerge as the
fastest growing market in terms of product technology upgradation. Rising
awareness in this region pertaining the life of deployed soldiers and
vehicles is likely to trigger government budgets allocated for defense.
- North America is likely to emerge the largest
market for ballistic composites on account of favorable government
budgets, policies and regulations pertaining defense initiatives.
- Polymer matrix composite is expected to
experience a significant growth on account of their low cost and simple
fabrication methods. Its significance lies in its ability to grow fatter
and short upon being heated.
- During the forecast period, ballistic
composites market is expected to be majorly driven by armor applications
in body vests and defense vehicles.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has segmented the ballistic composites market on the
basis of product, application and region:
Global
Ballistic Composites Product Outlook (USD Million, 2014 - 2025)
- PMC
- CMC
- MMC
Global
Ballistic Composites Application Outlook (USD Million, 2014 - 2025)
- Armor
- Helmets
& Face Protection
- Others
Global
Ballistic Composites Regional Outlook (USD Million, 2014 - 2025)
- North
America
- U.S
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- Japan
- India
- Middle
East and Africa
- Central
& South America
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-ballistic-composites-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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