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Ballistic Composites Market projected to reach USD 1.80 billion by 2021, at a CAGR of 7.12% from 2016 to 2021

Press Release   •   Jun 01, 2017 02:18 GMT

"Ballistic Composites Market projected to reach USD 1.80 billion by 2021, at a CAGR of 7.12% from 2016 to 2021" published in June 2017. It is a professional and in-depth study.

Summary

Market Research Report Storeannounces a new report"Ballistic Composites Market"added to its database.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 major drivers stimulating the growth of the global ballistic composites market are, the increasing demand for low weight, high strength, withstanding high temperatures, and durable materials. However, issues related to higher costs, stringent standards for the manufacture of ballistic composite products and the complexity of ballistic composite designing are the major restraints in the growth of the ballistic composites market.

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Vehicle armor application accounted for the largest market share in the ballistic composites market, by value in 2015.

The vehicle armor application leads the ballistic composites market in terms of value. Ballistic composites are majorly utilized for the manufacture of vehicle armor as these composites provide protection against ballistic threats. Vehicle armor is equipped with ballistic composites to ensure high level protection against ballistic impacts. Ballistic composites also offer resistance against UV rays, increased protection of vehicles from extreme and unfavorable weather conditions, convenience in mobility of the vehicles and resistance against corrosion caused to naval military vehicles due to their contact with sea water. These excellent performance properties are leading to an increasing demand for ballistic composites in tanks, bullet proof cars, submarines, and aircraft, among others.

Asia-Pacific is the fastest-growing market for ballistic composites.

The Asia-Pacific is expected to be the fastest-growing market for ballistic composites during the forecast period. Governments in Southeast Asian countries are targeting the defense industry as a part of their economic development strategy to increase value-added manufacturing activity. This growth of the defense industry is expected to lead to a high demand for ballistic materials such as ballistic composites in defense applications.

Further, there is a high demand for ballistic composites in the region due to the increasing military power and expenditure in emerging superpowers such as China and India. These countries are expanding their count of military aircraft, submarine, and tank fleets at a high rate. This is expected to provide an opportunity for vehicle armor manufacturers to expand the use of ballistic composites.

This study has been validated through primaries conducted with various industry experts, globally.

These primary sources have been divided into the following three categories:

  • By Company type- Tier 1- 35%, Tier 2- 25%, and Tier 3- 40%
  • By Designation- C Level- 25%, Director Level- 35%, and Others- 40%
  • By Region- North America- 29%, Europe- 24%, Asia-Pacific- 33%, Latin America- 9% and Middle East & Africa- 5%
  • The report provides a comprehensive analysis of company profiles, which include:
  • 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)
  • Rheinmetall AG (Germany)
  • 3M (U.S.)
  • CoorsTek (U.S.)
  • Teijin Limited (Japan)
  • Research Coverage:

    The report covers the global ballistic composites market and the usage of ballistic composites in various applications such as vehicle armor, body armor, helmets and face protection, personal transportation, and commercial spaces. It aims at estimating the market size and future growth potential of this market across different segments such as application, matrix type, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

    Reasons to buy the report:

    The report will help market leaders/new entrants in this market by providing them the closest approximations of the revenues for the overall ballistic composites market and the subsegments. This report will help stakeholders to better understand the competitive landscape and gain more insights, to better position their businesses and market strategies. The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

    TABLE OF CONTENTS

    1 INTRODUCTION 14

    1.1 OBJECTIVES OF THE STUDY 14

    1.2 MARKET DEFINITION 14

    1.3 MARKET SCOPE 15

    1.3.1 YEARS CONSIDERED FOR THE STUDY 15

    1.4 CURRENCY 16

    1.5 PACKAGE SIZE 16

    1.6 LIMITATIONS 16

    1.7 STAKEHOLDERS 16

    2 RESEARCH METHODOLOGY 17

    2.1 RESEARCH DATA 17

    2.1.1 SECONDARY DATA 18

    2.1.1.1 Key data from secondary sources 18

    2.1.2 PRIMARY DATA 19

    2.1.2.1 Key data from primary sources 19

    2.1.2.2 Key industry insights 20

    2.1.2.3 Breakdown of primary interviews 20

    2.2 MARKET SIZE ESTIMATION 21

    2.2.1 BOTTOM-UP APPROACH 21

    2.2.2 TOP-DOWN APPROACH 22

    2.3 DATA TRIANGULATION 23

    2.4 RESEARCH ASSUMPTIONS 24

    3 EXECUTIVE SUMMARY 25

    4 PREMIUM INSIGHTS 29

    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN BALLISTIC COMPOSITES MARKET 29

    4.2 BALLISTIC COMPOSITES MARKET, BY APPLICATION 29

    4.3 BALLISTIC COMPOSITES MARKET, BY FIBER TYPE AND REGION 30

    4.4 BALLISTIC COMPOSITES MARKET, BY MATRIX TYPE 30

    4.5 BALLISTIC COMPOSITES MARKET, BY COUNTRY 31

    5 MARKET OVERVIEW 32

    5.1 INTRODUCTION 33

    5.2 MARKET DYNAMICS 33

    5.2.1 DRIVERS 34

    5.2.1.1 Rising demand in personal protection 34

    5.2.1.2 Increasing threat from growing internal and external conflicts 34

    5.2.1.3 Need for lightweight, comfortable, and high strength materials 34

    5.2.2 RESTRAINTS 34

    5.2.2.1 Failure to provide complete protection 34

    5.2.2.2 High costs and extremely stringent standards of ballistic composite products 34

    5.2.2.3 Complexity of ballistic composite designing 35

    5.2.3 OPPORTUNITIES 35

    5.2.3.1 Increasing R&D and mass production of ballistic fibers 35

    5.2.3.2 Evolution and adoption of new technologies and products 35

    5.2.4 CHALLENGES 35

    5.2.4.1 Developing durable ballistic composite according to different threats 35

    5.3 PORTER’S FIVE FORCES ANALYSIS 36

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    Market Research Report Store

    About Market Research Report Store

    Market Research Report Store is one of the most fast-growing and professional online platforms for industry reports, market reports, and professional surveys. Our collection covers more than 100 global markets. We have cooperated with leading publishers and consultant companies to offer the best market intelligence products to our clients with instant access to our database.

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