Ballistic Composites Market worth $3.1 billion by 2027 | Key players BAE Systems plc (UK), Royal Ten Cate N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Gurit Holdings (Switzerland).

According to recent market research the "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.

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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.

Even though fibers play a major role in determining the stiffness and strength of ballistic composites, the choice of the matrix determines maximum service temperature, viable processing approaches, and long-term durability. Currently, Polymer matrix ballistic composites employ thermoset as well as thermoplastic resins reinforced with various ballistic fibers, such as aramid, UHMWPE, and S-glass. The dominance of polymer matrix is due to the high demand for thermoset and thermoplastic polymer resins in ballistic composites for vests, protective garments, and helmets. Polymer ballistic composites are considered the material of choice for body armor due to their low weight, high friction, and temperature resistance properties.

Ballistic composites are significantly utilized for the manufacturing of vehicle armors as these composites provide a high-level of protection against ballistic threats. Moreover, the use of ballistic composites in the manufacturing of vehicle armor provides them with lightweight and corrosion resistance properties, which helps in easy manoeuvrability and ease of maintenance of vehicle armors. The demand for vehicle armor is expected to be driven by several military programs, such as the HMMWV Modernized Expanded Capacity Vehicle (MECV), the Joint Light Tactical Vehicle (JLTV) - and a replacement for the M113 Armored Personnel Carrier, and the Ground Combat Vehicle (GCV).

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The Land segment accounts for the largest share in terms of value and volume in the overall ballistic composites market. The land segment includes unmanned armored ground vehicles, soldiers & security personnel, and base stations. The airborne segment includes fixed-wing aircraft, helicopters, and unmanned aerial vehicles, and the marine segment includes destroyers, frigates, corvettes, offshore support vessels (OSVs), aircraft carriers, submarines, and unmanned surface vehicles. The growth of land platform is attributed to the increasing procurement of armoured vehicles for military purposes.

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 many 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. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the composites market. These players have taken different organic and inorganic developmental strategies over the past five years.

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Honeywell International Inc. operates its business through various business segments, namely, aerospace; Honeywell building technologies; performance materials and technologies; and safety and productivity solutions. It offers its products to end users such as home professionals, aerospace & defense, vehicles, buildings, industrial, oil & gas, personal safety & scanning, and mobile productivity. It manages its ballistic composite business through the aerospace business segment.

Koninklijke DSM N.V. is a chemical company and a prominent player in the ballistic composites market and a key supplier of premium quality ultra-high molecular weight polyethylene fiber named DSM Dyneema. The Dyneema fiber supplied by DSM is majorly used in manufacturing ballistic composite products such as body vests and helmets, among others. The company has several business segments such as materials, innovations, nutrition, and corporate activities, and caters to the rising need for ballistic composites through the materials business segment.

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