San Francisco, 15 November 2018 , 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.
Full Research Report On Ballistic Composites Market
Analysis:
www.grandviewresearch.com/industry-analysis/ballistic-composites-market
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 At: 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
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-ballistic-composites-market
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.
For more information: www.grandviewresearch.com/