The Rise of Ballistic Composites: A Look at the Global Market| MarketsandMarkets™Posted by Jack Martin on May 4th, 2023 Ballistic composites are materials designed to provide protection against ballistic threats such as bullets, shrapnel, and explosives. These composites are made by combining high-strength fibers, such as aramid fibers or high-performance polyethylene fibers, with a matrix material, such as thermoset resins or thermoplastic polymers. 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. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=217827442 Aramid fiber ballistic composites comprise a major share of the ballistic composites market in terms of value and volume. Aramid fiber ballistic composites account for a sizable portion of the ballistic composites market. Aramid fibers are a type of synthetic fiber that has a high strength-to-weight ratio and is resistant to heat, abrasion, and impact. Aramid fibers are often employed as a reinforcing material in the polymer matrix of ballistic composites. The resulting aramid fiber ballistic composites are lightweight and flexible, making them appropriate for a wide range of applications such as body armor, helmets, vehicle armor, and protective barriers. 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. In the worldwide ballistic composites market, polymer matrix ballistic composites held the greatest market share. Polymer matrix composites are a type of composite material made up of a polymer resin matrix reinforced with fibers like carbon or glass. Because of their high strength-to-weight ratio, these composites are suited for ballistic applications. Polymer matrix ballistic composites, in particular, are widely used in the defense and law enforcement sectors for land-based applications like as military vehicles, protective barriers, and personal protective equipment. Vehicle armor product type led the global ballistic composites market in terms of value and volume In terms of both value and volume, the vehicle armor product type led the global ballistic composites market. This is due to a high demand for ballistic composites in the defense and law enforcement sectors for land-based applications such as military vehicles, which require high-performance armor to guard against ballistic threats. Ballistic composite vehicle armor solutions offer a lightweight and robust option for military and law enforcement vehicles, allowing them to operate in high-threat settings while maintaining mobility and speed. Furthermore, as militaries and law enforcement agencies seek to improve their capabilities and protect their personnel and equipment, demand for vehicle armor made from ballistic composites is expected to rise. The Land platform accounted for the largest market share in the global ballistic composites market during the forecast period in terms of value. As there is significant demand for ballistic composites in the defense and law enforcement sectors for vehicles and other land-based applications, land platforms accounted for the largest market share in the global ballistic composites market. Tanks, armored personnel carriers, and transport vehicles require high-performance ballistic materials to protect them from ballistic threats. Ballistic composites are also utilized to protect against potential threats in the building of barriers, fences, and other structures. Military applications dominate the global ballistic composites market during the forecast period in terms of value and volume. Military applications are likely to dominate the worldwide ballistic composites market during the forecast period. The military industry is a key user of ballistic composites, and this trend is projected to continue due to the increased emphasis on lightweight and high-strength materials for personal protection, vehicle armor, and other applications. The military industry demands ballistic composites that provide high-performance ballistic protection against a variety of threats such as bullets, shrapnel, and explosive devices. Ballistic composites are also employed in military vehicles such as tanks and armored personnel carriers to give better protection against ballistic threats. North America is expected to account for the largest market share in the ballistic composites market during the forecast period. North America is predicted to hold the greatest market share for ballistic composites. The region is well-represented by key industrial players, and there is tremendous demand for ballistic composites in the defense and law enforcement sectors. The United States, in particular, has the world's highest defense budget and is a major consumer of ballistic composites for military and law enforcement purposes. Ballistic composites provide a compelling alternative to fulfill the growing demand for lightweight and high-strength materials to guard against ballistic threats. Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=217827442 However, other regions such as Europe and Asia-Pacific are also expected to grow significantly in the ballistic composites market, driven by increasing demand in defense, law enforcement, and aerospace industries. 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. 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