According to Fact.MR, the ballistic composites market was valued at around US$ 1.5 Bn in 2020, and is projected to expand 1.7X to top US$ 2.5 Bn by 2031. Increasing need and demand for lightweight, comfortable, and high strength protective equipment, mass production of ballistic fibers, and growing demand for environment-friendly components are factors expected to drive market expansion at a CAGR of above 6% through 2031.
The latest market research report analyzes Ballistic Composites Market demand by Different segments. Providing business leaders with insights On Ballistic Composites And how they can increase their market share.
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Key Market Segments in Ballistic Composites Industry Research
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Matrix
- Polymer Matrix Composites
- Polymer-Ceramic
- Metal Matrix
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Fiber
- Aramid Fibers
- UHMPE
- Glass
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Application
- Vehicle Armour Ballistic Composites
- Body Armour Ballistic Composites
- Helmets and Face Protection Ballistic Composites
The latest industry analysis and survey on Ballistic Composites provides sales outlook in 20+ countries, across key categories. Insights and outlook on Ballistic Composites market drivers, trends, and influencing factors are also included in the study.
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This report gives you access to decisive data such as:
- Demand of Ballistic Composites Market & Growth drivers
- Factors limiting Ballistic Composites market growth
- Current key trends of Ballistic Composites Market
- Market Size of Ballistic Composites and Ballistic Composites Sales projections for the coming years
The report also offers key trends of Ballistic Composites market and an in-depth analysis of how the projected growth factors will shape the Ballistic Composites market dynamics in the coming years of the forecast period.
Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Ballistic Composites Market that are developing the current market scenario and which will be lucrative for the future demand of Ballistic Composites Market.
Competitive Landscape
Major players with a prominent share in the market are focusing on expanding their customer base.
- In 2016, Morgan Advanced Materials (U.K.) manufactured new ballistic shields for military and law enforcement applications. The product is light in weight and offers protection to the unprotected parts of soldiers.
- In 2019, United Shield, one of the leading manufacturers of personal ballistic and fragmentation protection equipment, launched the E.R.T shield. This product will be delivered in various U.S. firearm units as it satisfies the requirement for a lighter, more versatile ballistic shield without degrading the product’s strength, integrity, and toughness.
The Demand of Ballistic Composites Market study includes the current market scenario on the global platform and also Sales of Ballistic Composites Market development during the forecast period.
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The Market insights of Ballistic Composites will improve the revenue impact of businesses in various industries by:
- Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Ballistic Composites Market
- Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Ballistic Composites market and offers solutions
- Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
- Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
- Helping leading companies make strategy recalibrations ahead of their competitors and peers
- Offers insights into promising synergies for top players aiming to retain their leadership position in the market & supply side analysis of Ballistic Composites market .
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