Ballistic composites Market Is Predicted To Reach $2.18 Billion By 2025: Grand View Research, Inc.
The
global ballistic composites market is expected to reach
USD 2.18 billion by 2025, according to a new report by Grand View Research,
Inc. Unstable geopolitical relations, increasing cross-border tensions have
forced nations to strengthen their defense units. Providing lightweight,
efficient and advanced combat equipment has been on top priorities of most of
the developed as well as developing countries. This has triggered the use of
ballistic composites over the past few years.
Several
factors, like the propensity of the composite armor of supporting the weight of
an externally attached component, anchoring composite armor with a platform,
safeguarding of ballistic weaknesses at panel joints and corners are taken into
consideration while product designing and production are executed.
Ballistic
vests are envisioned to deflect bullets from several types of guns, while
armored vehicles must withstand projectiles, shells fired from tanks and
roadside bombs. The layout of ballistic materials thus presents challenges
familiar to any composites manufacturer.
North
America is slated to account for larger market share. Active involvement of the
U.S. military to counter terror threats is expected to fuel the product demand.
Rising pressure on the U.S. government to maintain its military dominance is
also expected to drive the regional market.
The key
value chain components for the ballistic protective equipment market include
raw material suppliers, ballistic equipment manufacturers, and end-users. The
raw material suppliers form the first component in the value chain and provide
various metals, materials, and fabrics required for producing ballistic
protection suits.
Major
companies in the global ballistic composites market include DuPont, Teijin, DSM
and Honeywell International. The market can be characterized by increasing
R&D spending and continuous efforts for new product development.
Full
Research Report On Global Ballistic composites Market Analysis:
www.grandviewresearch.com/industry-analysis/ballistic-composites-market
www.grandviewresearch.com/industry-analysis/ballistic-composites-market
Further
key findings from the report suggest:
- Asia Pacific is expected
to emerge as the fastest growing market in terms of product technology
upgradation. Rising awareness in this region pertaining the life of
deployed soldiers and vehicles is likely to trigger government budgets
allocated for defense.
- North America is likely to
emerge the largest market for ballistic composites on account of favorable
government budgets, policies and regulations pertaining defense
initiatives.
- Polymer matrix composite
is expected to experience a significant growth on account of their low
cost and simple fabrication methods. Its significance lies in its ability
to grow fatter and short upon being heated.
- During the forecast
period, ballistic composites market is expected to be majorly driven by
armor applications in body vests and defense vehicles.
View more
reports of this category by Grand View Research at:
www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has segmented the ballistic composites market on the
basis of product, application and region:
Global
Ballistic Composites Product Outlook (USD Million, 2014 - 2025)
- PMC
- CMC
- MMC
Global
Ballistic Composites Application Outlook (USD Million, 2014 - 2025)
- Armor
- Helmets
& Face Protection
- Others
Global
Ballistic Composites Regional Outlook (USD Million, 2014 - 2025)
- North
America
- U.S
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- Japan
- India
- Middle
East and Africa
- Central
& South America
View press
release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-ballistic-composites-market
www.grandviewresearch.com/press-release/global-ballistic-composites-market
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more
information: www.grandviewresearch.com
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