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.
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 report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/ballistic-composites-market
Further key Findings from the Study 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: https://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
o U.S
·
Europe
o Germany
o UK
o France
·
Asia Pacific
o China
o Japan
o India
·
Middle East and Africa
·
Central & South America
View press release of this research
report by Grand View Research:
https://www.grandviewresearch.com/press-release/global-ballistic-composites-marketAbout 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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