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.
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.
North America is the largest market for composites. The major international players are exploring opportunities in the region owing to raw materials, and high demand from various end-use industries. Demand of ballistic composite in North America is growing due to the rising demand from military and law-enforcement sectors and heavy spending on research and military programs. The presence of a large number of ballistic composites manufacturers makes the region the most promising market for ballistic composites.
The key players in the market include Honeywell International Inc. (US), BAE Systems plc (UK), Royal Ten Cate N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Gurit Holdings (Switzerland), Dupont De Nemours, Inc. (US), Teijin Ltd. (Japan), Morgan Advanced Materials (UK), and Southern States, LLC (US), among many others.
