Ballistic Composites Market worth $3.1 billion by 2027- Exclusive Report by MarketsandMarkets™ The report "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 - Global Forecast to 2027", size is expected to grow from USD 2.0 billion in 2022 to USD 3.1 billion by 2027, at a CAGR of 8.6% during the forecast period. The ballistic composites industry is growing due to the increase in the demand for high performance materials with properties such as high strength to weight ratio, good tensile strength, and offer a high level of convenience in mobility to the warriors wearing them. Aramid fiber ballistic composites comprise a major share of the ballistic composites market in terms of value and volume. The aramid fiber ballistic composites have superior attributes, such as high strength, high heat resistance, and durability. Owing to its properties, aramid fiber ballistic composites are used in different product types, such as vehicle armors, body armors, helmets & face protection, personnel transportation, and others. There is a high demand for aramid fiber ballistic composites in add-on armor panels and spall liners of defense vehicles. Get PDF Brochure for Research Insights at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=217827442 The polymer matrix ballistic composites accounted for the largest market share in the global ballistic composites market during the forecast period in terms of value and volume. Even though fibers play a major role in determining the stiffness and strength of ballistic composites, the choice of the matrix determines maximum service temperature, viable processing approaches, and long-term durability. Currently, Polymer matrix ballistic composites employ thermoset as well as thermoplastic resins reinforced with various ballistic fibers, such as aramid, UHMWPE, and S-glass. The dominance of polymer matrix is due to the high demand for thermoset and thermoplastic polymer resins in ballistic composites for vests, protective garments, and helmets. Polymer ballistic composites are considered the material of choice for body armor due to their low weight, high friction, and temperature resistance properties. Vehicle armor product type led the global ballistic composites market in terms of value and volume
Ballistic Composites Market.pdf
May 10, 2023
The global ballistic composites market is expected to grow significantly due to increasing demand from the defense and aerospace sectors. Asia-Pacific region is projected to witness the highest growth rate during the forecast period, attributed to the rising investments in defense and security infrastructure.
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