Ballistic Composites Market by Fiber Type (Aramid, UHMWPE, S-Glass), Matrix Type (Polymer, Polymer-Ceramic, Metal), Application (Vehicle Armor, Body Armor, Helmet & Face Protection), and Region - Global Forecast to 2021

The ballistic composites market is projected to reach USD 1.80 Billion by 2021 at a CAGR of 7.12% from 2016 to 2021.  Owing to their superior ballistic properties, the use of composites is becoming crucial in asymmetric warfare, regional disputes, riots, and countering terrorism. Further, ballistic composites’ manufacturers are establishing new ballistic composites manufacturing facilities to meet the high demand for ballistic composites for the military and law-enforcement personnel. In this study, the years considered to estimate the market size of ballistic composites are:

• Base Year – 2015
• Estimated Year – 2016
• Projected Year – 2021
• Forecast Period – 2016 to 2021

2015 has been considered the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

• To define, describe, and forecast the ballistic  composites market, in terms of value, and volume
• To identify and measure the ballistic  composites market by matrix type, by fiber type, application, and region
• To analyze the significant region-specific market trends in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (ME&A) and country-specific trends in major countries such as the U.S., Germany, France, the U.K., China, and Japan, among others
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges, and burning issues)
• To analyze recent market developments such as investments & expansions, new product launches, agreements/partnerships/ joint ventures, and acquisitions in the ballistic  composites market
• To strategically profile and analyze the key market players and their core competencies

Various secondary sources such as such as Factiva, Hoovers, Manta, and others have been used to understand and gain insights into the global ballistic composites market. Experts from top ballistic manufacturing composites companies have been interviewed to verify and collect critical information and to assess the trends in the global ballistic composites market during the forecast period. The top-down, bottom up and data triangulation approaches have been implemented to calculate the exact values of the overall parent and individual market sizes.

To know about the assumptions considered for the study, download the pdf brochure

The market for ballistic composites has a diversified ecosystem including the downstream stakeholders such as manufacturers, vendors, and end users. Some of the key players in the ballistic composites market are Honeywell Spectra (U.S.), DSM Dyneema (Netherlands), BAE Systems (U.K.), Royal Tencate (Netherlands), Morgan Advanced Materials (U.K.), DuPont Protection Technologies (U.S.), Solvay (Belgium), Gurit (Switzerland), 3M (U.S.), CoorsTek (U.S.), and Teijin Limited (Japan), among others. This study focuses on the various types of ballistic composites that are used by end users, such as, military and commercial spaces.

Target audience

• Ballistic  composites manufacturers
• Raw material suppliers
• Distributors & suppliers
• Industry associations

“The study answers several questions for the stakeholders, primarily which market segments they should focus upon during the next two to five years to prioritize their efforts and investments.”

Scope of the Report:

This research report categorizes the global market of ballistic composites based on matrix type, application, and region. It forecasts revenue growth and gives an analysis of trends in each of the submarkets till 2021.

On the basis of Fiber Type,

• Aramid
• UHMPE
• Glass
• Others

On the basis of Matrix Type,

• Polymer
• Polymer-ceramic
• Metal

On the basis of Application,

• Vehicle armor
• Body armor
• Helmets & face protection
• Others

On the basis of Region,

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the companies. The following customization options are available for the report:

Product Analysis

• Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

• Further breakdown of the North American  ballistic composites market
• Further breakdown of the European ballistic  composites market
• Further breakdown of the Asia-Pacific region ballistic  composites market
• Further breakdown of the Latin American ballistic composites market
• Further breakdown of the Middle East & African ballistic composites market

Company Information

• Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Growth Opportunities in Ballistic Composites Market
    4.2 Ballistic Composites Market, By Application
    4.3 Ballistic Composites Market, By Fiber Type and Region
    4.4 Ballistic Composites Market, By Matrix Type
    4.5 Ballistic Composites Market, By Country

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Demand in Personal Protection
                    5.2.1.2 Increasing Threat From Growing Internal and External Conflicts
                    5.2.1.3 Need for Lightweight, Comfortable, and High Strength Materials
           5.2.2 Restraints
                    5.2.2.1 Failure to Provide Complete Protection
                    5.2.2.2 High Costs and Extremely Stringent Standards of Ballistic Composite Products
                    5.2.2.3 Complexity of Ballistic Composite Designing
           5.2.3 Opportunities
                    5.2.3.1 Increasing R&D and Mass Production of Ballistic Fibers
                    5.2.3.2 Evolution and Adoption of New Technologies and Products
           5.2.4 Challenges
                    5.2.4.1 Developing Durable Ballistic Composites According to Different Threats
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Suppliers
           5.3.2 Bargaining Power of Buyers
           5.3.3 Threat of Substitutes
           5.3.4 Threat of New Entrants
           5.3.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends (Page No. - 39)
    6.1 Introduction
    6.2 Trends and Forecast of GDP
    6.3 Per Capita GDP & Per Capita Composites Demand
    6.4 Trends in Global Military Spending

7 Ballistic Composites Market, By Fiber Type (Page No. - 44)
    7.1 Introduction
    7.2 Aramid Fibers
    7.3 UHMPE
    7.4 Glass
    7.5 Others
           7.5.1 M5
           7.5.2 Hybrid

8 Ballistic Composites Market, By Matrix Type (Page No. - 52)
    8.1 Introduction
    8.2 Polymer Matrix Composites
    8.3 Polymer-Ceramic
    8.4 Metal Matrix

9 Ballistic Composites Market, By Application (Page No. - 58)
    9.1 Introduction
    9.2 Vehicle Armor
           9.2.1 Marine Vehicle Armor
           9.2.2 Land Vehicle Armor
           9.2.3 Air Vehicle Armor
    9.3 Body Armor
           9.3.1 Body Vests
           9.3.2 Shields
           9.3.3 Protective Under Garments
    9.4 Helmets & Face Protection
    9.5 Others

10 Regional Analysis (Page No. - 65)
     10.1 Introduction
     10.2 North America
             10.2.1 By Matrix Type
             10.2.2 By Application
             10.2.3 By Country
                        10.2.3.1 Canada
                        10.2.3.2 U.S.
     10.3 Europe
             10.3.1 By Matrix Type
             10.3.2 By Application
             10.3.3 By Country
                        10.3.3.1 France
                        10.3.3.2 Germany
                        10.3.3.3 U.K.
                        10.3.3.4 Russia
                        10.3.3.5 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 By Matrix Type
             10.4.2 By Application
             10.4.3 By Country
                        10.4.3.1 China
                        10.4.3.2 Japan
                        10.4.3.3 India
                        10.4.3.4 Australia
                        10.4.3.5 Rest of Asia-Pacific
     10.5 Latin America
             10.5.1 By Matrix Type
             10.5.2 By Application
             10.5.3 By Country
                        10.5.3.1 Brazil
                        10.5.3.2 Mexico
                        10.5.3.3 Rest of Latin America
     10.6 Middle East & Africa
             10.6.1 By Matrix Type
             10.6.2 By Application
             10.6.3 By Country
                        10.6.3.1 Israel
                        10.6.3.2 Saudi Arabia
                        10.6.3.3 South Africa
                        10.6.3.4 Rest of Middle East & Africa

11 Competitive Landscape (Page No. - 86)
     11.1 Introduction
             11.1.1 Dynamic
             11.1.2 Innovators
             11.1.3 Vanguards
             11.1.4 Emerging
     11.2 Dive Chart Overview
     11.3 Product Offerings
     11.4 Business Strategy

12 Company Profiles (Page No. - 90)
(Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View)*
     12.1 Honeywell International Inc.
     12.2 BAE Systems
     12.3 Royal Ten Cate NV
     12.4 DSM
     12.5 Gurit
     12.6 Dupont
     12.7 Teijin
     12.8 Morgan Advanced Materials
     12.9 Southern States LLC
     12.10 Barrday Corporation
     12.11 PRF Composites
     12.12 Gaffco Ballistics
     12.13 M Cubed Technologies, Inc.
     12.14 FY Composites OY
     12.15 MKU Limited
     12.16 Other Key Players

*Details on Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 126)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details

List of Tables (62 Tables)

Table 1 Trends and Forecast of GDP, 2015–2021 (USD Billion)
Table 2 Per Capita GDP & Per Capita Composite Materials Demand, 2015
Table 3 Ballistic Composites Market Size, By Fiber Type, 2014–2021 (USD Million)
Table 4 Ballistic Composites Market Size, By Fiber Type, 2014–2021 (Kiloton)
Table 5 Aramid Fiber Ballistic Composites Market Size, By Region, 2014–2021 (USD Million)
Table 6 Aramid Fiber Ballistic Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 7 UHMPE Fiber Ballistic Composites Market Size, By Region, 2014–2021 (USD Million)
Table 8 UHMPE Fiber Ballistic Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 9 Glass Fiber Ballistic Composites Market Size, By Region, 2014–2021 (USD Million)
Table 10 Glass Fiber Ballistic Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 11 Other Fiber Ballistic Composites Market Size, By Region, 2014–2021 (USD Million)
Table 12 Other Fiber Ballistic Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 13 Ballistic Composites Market Size, By Matrix Type, 2014–2021 (USD Million)
Table 14 Ballistic Composites Market Size, By Matrix Type, 2014–2021 (Kiloton)
Table 15 Polymer Matrix Ballistic Composites Market Size, By Region, 2014–2021 (USD Million)
Table 16 Polymer Matrix Ballistic Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 17 Polymer-Ceramic Matrix Ballistic Composites Market Size, By Region, 2014–2021 (USD Million)
Table 18 Polymer-Ceramic Matrix Ballistic Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 19 Metal Matrix Ballistic Composites Market Size, By Region, 2014–2021 (USD Million)
Table 20 Metal Matrix Ballistic Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 21 Ballistic Composites Market Size, By Application, 2014–2021 (USD Million)
Table 22 Ballistic Composites Market Size, By Application, 2014–2021 (Kiloton)
Table 23 Vehicle Armor Ballistic Composites Market Size, By Region, 2014–2021 (USD Million)
Table 24 Vehicle Armor Ballistic Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 25 Body Armor Ballistic Composites Market Size, By Region, 2014–2021 (USD Million)
Table 26 Body Armor Ballistic Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 27 Helmets & Face Protection Ballistic Composites Market Size, By Region, 2014–2021 (USD Million)
Table 28 Helmets & Face Protection Ballistic Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 29 Other Ballistic Composites Market Size, By Region, 2014–2021 (USD Million)
Table 30 Other Ballistic Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 31 Ballistic Composites Market Size, By Region, 2014–2021 (USD Million)
Table 32 Ballistic Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 33 North America: Ballistic Composites Market Size, By Matrix Type, 2014–2021 (USD Million)
Table 34 North America: Ballistic Composites Market Size, By Matrix Type, 2014–2021 (Kiloton)
Table 35 North America: Ballistic Composites Market Size, By Application, 2014–2021 (USD Million)
Table 36 North America: Ballistic Composites Market Size, By Application, 2014–2021 (Kiloton)
Table 37 North America: Ballistic Composites Market Size, By Country, 2014–2021 (USD Million)
Table 38 North America: Ballistic Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 39 Europe: Ballistic Composites Market Size, By Matrix Type, 2014–2021 (USD Million)
Table 40 Europe: Ballistic Composites Market Size, By Matrix Type, 2014–2021 (Kiloton)
Table 41 Europe: Ballistic Composites Market Size, By Application, 2014–2021 (USD Million)
Table 42 Europe: Ballistic Composites Market Size, By Application, 2014–2021 (Kiloton)
Table 43 Europe: Ballistic Composites Market Size, By Country, 2014–2021 (USD Million)
Table 44 Europe: Ballistic Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 45 Asia-Pacific: Ballistic Composites Market Size, By Matrix Type, 2014–2021 (USD Million)
Table 46 Asia-Pacific: Ballistic Composites Market Size, By Matrix Type, 2014–2021 (Kiloton)
Table 47 Asia-Pacific: Ballistic Composites Market Size, By Application, 2014–2021 (USD Million)
Table 48 Asia-Pacific: Ballistic Composites Market Size, By Application 2014–2021 (USD Million)
Table 49 Asia-Pacific: Ballistic Composites Market Size, By Country, 2014–2021 (USD Million)
Table 50 Asia-Pacific: Ballistic Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 51 Latin America Ballistic Composites Market Size, By Matrix Type, 2014–2021 (USD Million)
Table 52 Latin America Ballistic Composites Market Size, By Matrix Type, 2014–2021 (Kiloton)
Table 53 Latin America Ballistic Composites Market Size, By Application, 2014–2021 (USD Million)
Table 54 Latin America Ballistic Composites Market Size, By Application, 2014–2021 (Kiloton)
Table 55 Latin America Ballistic Composites Market Size, By Country, 2014–2021 (USD Million)
Table 56 Latin America Ballistic Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 57 Middle East & Africa Ballistic Composites Market Size, By Matrix Type, 2014–2021 (USD Million)
Table 58 Middle East & Africa Ballistic Composites Market Size, By Matrix Type, 2014–2021 (Kiloton)
Table 59 Middle East & Africa: Ballistic Composites Market Size, By Application, 2014–2021 (USD Million)
Table 60 Middle East & Africa: Ballistic Composites Market Size, By Application, 2014–2021 (Kiloton)
Table 61 Middle East & Africa Ballistic Composites Market Size, By Country, 2014–2021 (USD Million)
Table 62 Middle East & Africa Ballistic Composites Market Size, By Country, 2014–2021 (Kiloton)

List of Figures (38 Figures)

Figure 1 Ballistic Composite Market Segmentation
Figure 2 Ballistic Composites Market: Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Ballistic Composites Market: Data Triangulation
Figure 6 Polymer Matrix to Drive Overall Ballistic Composites Market Between 2016 and 2021
Figure 7 Vehicle Armor Application to Lead Ballistic Composites Market
Figure 8 Aramid Fiber to Lead Ballistic Composites Market During Forecast Period
Figure 9 North America Estimated to Be Largest Ballistic Composites Market
Figure 10 High Demand From Military Application Driving Ballistic Composites Market, 2016–2021
Figure 11 Vehicle Armor to Be the Fastest-Growing Application of Ballistic Composites Market, 2016–2021
Figure 12 Aramid Fiber Drives the Ballistic Composites Market
Figure 13 Polymer Matrix to Lead Ballistic Composites Market During Forecast Period
Figure 14 China to Be the Fastest-Growing Market During Forecast Period
Figure 15 Factors Governing the Ballistic Composites Market
Figure 16 Porter’s Five Forces Analysis: Ballistic Composites Market
Figure 17 Trends and Forecast of GDP, 2016–2021 (USD Billion)
Figure 18 Per Capita GDP & Per Capita Composites Demand
Figure 19 Country-Wise Military Spending, 2015 vs 2016
Figure 20 Aramid Fiber Leads Overall Ballistic Composites Market
Figure 21 North America to Lead Aramid Fiber Ballistic Composites Market
Figure 22 Europe to Lead UHMPE Ballistic Composites Market
Figure 23 Polymer Matrix to Lead Overall Ballistic Composites Market
Figure 24 Asia-Pacific Leads Polymer Matrix Ballistic Composites Market
Figure 25 Vehicle Armor Application Leads Ballistic Composites Market
Figure 26 China to Witness Highest CAGR in Ballistic Composites Market
Figure 27 Ballistic Composites Market Snapshot: U.S. is the Most Lucrative Market in North America
Figure 28 Ballistic Composites Market Snapshot: France is the Most Lucrative Market in Europe
Figure 29 Ballistic Composites Market Snapshot: China is the Most Lucrative Market in Asia-Pacific
Figure 30 Dive Chart
Figure 31 Honeywell International Inc.: Company Snapshot
Figure 32 BAE Systems : Company Snapshot
Figure 33 Royal Ten Cate NV : Company Snapshot
Figure 34 DSM : Company Snapshot
Figure 35 Gurit : Company Snapshot
Figure 36 Dupont : Company Snapshot
Figure 37 Teijin : Company Snapshot
Figure 38 Morgan Advanced Materials : Company Snapshot

The global ballistic composites market is projected to reach USD 1.80 Billion by 2021, at a CAGR of 7.12%, from 2016 to 2021. The increasing demand for ballistic composites in personal protection due to its light weight and high strength properties is a major reason for the growth of the global ballistic composites market.

The global ballistic composites market is segmented into fiber type, matrix type, application, and region. The ballistic composites market, by fiber type is further segmented into aramid fiber, UHMWPE fiber, and S-Glass fiber. In 2015, aramid fiber had the largest market share in terms of value and volume owing to the high demand from helmets, vests, and shields applications.

The ballistic composites market by matrix type includes polymer matrix, polymer-ceramic matrix, and metal matrix types. The global ballistic composites market by matrix type is driven by polymer matrix in terms of both, value and volume. There is a high demand for polymer matrix for various applications such as helmets, and body vests, among others due to their unique properties such as low in weight, high friction, temperature resistance properties along with high toughness and impact & flexural strength.

The major applications of ballistic composites are vehicle armor, body armor, and helmets & face protection.  There is a high demand for ballistic composites in vehicle armor as these composites are used in the manufacture of vehicle armor, offers the vehicles with high level protection against ballistic threats from bullets, missiles, and other ammunition. Also, the light weight property of the composites helps in reduction of the weight of military vehicles, providing ease and convenience in mobility.

North America is estimated to lead the ballistic composites market from 2016 to 2021 due to the rising demand for ballistic composites from the military and law-enforcement sectors and, heavy spending on research and military programs.  The region is the most promising market for ballistic composites due to the presence of a large number of ballistic composites manufacturers. These factors are expected to continue to drive the ballistic composites market in North America between 2016 and 2021. However, the market in the Asia-Pacific is expected to be the fastest-growing between 2016 and 2021 owing to high military expenditure and growing demand for advanced ballistic materials for body and vehicle armor.

The global ballistic composites market is growing rapidly, in terms of value and volume. However, a few factors act as restraints in the growth of the ballistic composites market. Issues related to higher manufacturing costs and complexity in designing ballistic composite products are the major restraints in the growth of the ballistic composites market.

Companies such as Royal Ten Cate NV (Netherlands), Morgan Advanced Materials (U.K.), BAE Systems (U.K.), DSM (Netherlands), are the key players in the global ballistic composites market. They have been adopting various organic and inorganic growth strategies such as agreements/partnerships/joint ventures, new product launches, investments & expansions, and acquisitions to enhance their shares in the global ballistic composites market. Also, these key players have broad product offerings for the ballistic composites market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst