Ballistic Composites Market

Ballistic Composites Market Analysis by Polymer Matrix Composites and Polymer-Ceramic, Metal Matrix for Vehicle Armour and Body Armour Ballistic Composites from 2023 to 2033

Analysis of Ballistic Composites Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Ballistic Composites Market Growth Outlook (2023–2033)

Based on the recent report published by Fact.MR, the global ballistic composites market is estimated to be valued at US$ 1.8 billion in 2023.

In the defense industry, ballistic composites are utilized in the production of body armor, helmets, vehicle armor, and other protective equipment to enhance the safety of military personnel.

The aerospace industry also utilizes ballistic composites for applications such as cockpit doors, armoring for aircraft structures, and other components that require protection against projectiles, wide applications are likely to create a plethora of growth opportunities for the ballistic composites market.

Report Attributes Details

Ballistic Composites Market Size (2022A)

US$ 1.7 Billion

Estimated Market Value (2023E)

US$ 1.8 Billion

Forecasted Market Value (2033F)

US$ 3.2 Billion

Global Market Growth Rate (2023–2033)

6.1% CAGR

North America Market Share (2022)


Key Companies Profiled

  • ArmorSource
  • BAE Systems
  • DSM
  • DuPont
  • Honeywell International Inc.
  • Teijin Limited

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Historic to Future Growth Outlook

Ballistic composites refer to a class of materials specifically designed to provide protection against ballistic threats, such as bullets, shrapnel, and other projectiles. These composites are engineered to have high strength, impact resistance, and lightweight properties, making them ideal for applications that require effective ballistic protection without compromising mobility or performance.

The use of ballistic composites is expanding beyond the defense sector into law enforcement and security applications. Police forces, security agencies, and first responders are adopting lightweight ballistic protection solutions to enhance personal safety and tactical capabilities. The growing focus on officer safety and the need for advanced protection against firearms and other threats are driving the demand for ballistic composites in this sector.

  • Growth Factors for Short Term (2023–2026): The sports and recreation sector has recognized the benefits of ballistic composites, and using them in the production of helmets, body armor, and other protective gear for activities such as motorsports, cycling, and extreme sports, is likely to drive the market in the coming years.
  • Factors for Medium-Term Growth (2026–2029): Replacement of conventional armored steel material with ballistic composites material is poised to create new opportunities for the manufacturers as these materials helps in easy installment better and mobility of additional battle fighting equipment.
  • Long Term Growth Opportunities (2029–2033): The development of efficient raw materials to enhance product performance and a growing emphasis on increasing soldier survivability are going to play a significant role in market expansion.

Based on the Fact.MR market report, the ballistic composites market expanded at a CAGR of 4.3% between 2018 and 2022 and is expected to grow at a CAGR of 6.1% between 2023 and 2033.

Market Dynamics Outlook

“Expanding Horizons: Ballistic Composites Meet Growing Demand in Defense and Security Sectors”

The ballistic composites market is strongly influenced by the growth of the defense industry, which has a direct impact on the demand for advanced ballistic protection solutions.

  • The increasing sales of arms and military services by the 100 largest companies in the industry, reaching US$ 592 billion in 2021, highlight the significant market potential for ballistic composites.

As defense budgets continue to rise globally, governments and defense organizations are investing in modernizing their military capabilities, including the procurement of advanced ballistic protection systems and equipment. This, in turn, drives the demand for ballistic composites. These composites play a critical role in providing lightweight and high-performance solutions for personal protection, armored vehicles, and aircraft applications.

The constant evolution of modern warfare and the emergence of new threats require enhanced protection for military personnel. Ballistic composites offer superior strength, impact resistance, and lightweight properties compared to traditional materials like steel. They enable the development of body armor, helmets, and vehicle armor that provide an effective defense against ballistic projectiles while minimizing the weight burden on soldiers and improving mobility.

Furthermore, the growth of the defense industry extends beyond national defense forces. Private security firms, law enforcement agencies, and peacekeeping missions also require advanced ballistic protection solutions. This broadens the market potential for ballistic composites, driving innovation and development in the industry.

Hence, the growing defense industry, as evidenced by the increasing sales of arms and military services, plays a pivotal role in driving the demand for ballistic composites.

“Factors Restraining the Ballistic Composites Market Growth”

Ballistic composites are relatively expensive compared to traditional materials like steel. The production and processing of these advanced materials involve specialized techniques and equipment, which contribute to higher manufacturing costs. The higher cost of ballistic composites limits their adoption, especially in price-sensitive markets.

The ballistic composites market is subject to various regulations and standards, particularly in industries such as defense and aerospace. Meeting stringent regulatory requirements is a complex process that requires significant testing, certifications, and compliance procedures. These regulatory challenges to pose barriers to entry and hinder the growth of smaller manufacturers in the market.

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Country-wise Insights

Why Demand for Ballistic Composites is Rising across the US?

The market for ballistic composites is dominated by the United States. Over the forecast period, it is expected that the market is likely to reach a valuation of US$ 440.5 million by 2023 end.

The growing participation in sports in the United States is a significant driver for the ballistic composites market. As sports participation increases, athletes and sports enthusiasts prioritize their safety and seek effective protective gear. Ballistic composites provide lightweight yet high-performance protection against impact and potential projectile threats. They are used in the production of helmets, body armor, and other protective equipment for sports such as motorsports, cycling, and extreme sports.

The growing sports participation in the US leads to increased competition among sports equipment manufacturers. To cater to the needs of athletes, manufacturers are constantly innovating and developing new technologies. The integration of ballistic composites in sports protective gear is an example of such innovation, providing a competitive edge to manufacturers and driving market growth.

Hence, the growing sports participation in the United States fuels the demand for advanced protective gear, leading to increased adoption of ballistic composites.

How Growing China’s Defense Sector Drives Ballistic Composites Market Growth?

China's market value is predicted to reach a valuation of US$ 510.0 million by 2033. The rapid growth of China's shipbuilding and defense sector is a significant driver for the ballistic composites market.

  • With the eight Chinese arms companies reporting a 6.3% increase in arms sales, totaling US$ 109 billion, it is evident that China's defense industry is expanding at a remarkable pace.
  • One key development contributing to this growth is the emergence of China's State Shipbuilding Corporation (CSSC) as the world's largest military shipbuilder. Following a merger between two existing companies, CSSC achieved arms sales of US$ 11.1 billion in 2021.

This significant milestone highlights China's ambition to strengthen its naval capabilities and modernize its fleet, creating a substantial demand for ballistic composites.

Ballistic composites play a crucial role in military shipbuilding, offering lightweight yet highly protective solutions. These composites are used in the construction of armor panels, ballistic-resistant structures, and other critical components that enhance the survivability of naval vessels. As China expands its naval fleet and invests in advanced military shipbuilding, the demand for ballistic composites is expected to grow significantly.

Additionally, the defense sector's focus on improving personnel protection and reducing the weight burden on naval assets further drives the need for advanced materials like ballistic composites. These composites provide effective ballistic protection while maintaining mobility and maneuverability, crucial for naval operations.

The continuous expansion of China's shipbuilding and defense sector, as evident from the rising arms sales and the establishment of CSSC as the largest military shipbuilder, creates a substantial market for ballistic composites.

Category-wise Insights

Why Demand for Polymer Matrix Composites is High?

The demand for Polymer Matrix Composites (PMCs) is high as they offer a remarkable combination of lightweight properties and a high strength-to-weight ratio. This characteristic makes them highly attractive in industries where weight reduction is critical, such as aerospace, automotive, and sporting goods. The use of PMCs allows for significant weight savings without compromising on structural integrity or performance.

PMCs provide designers and engineers with a high degree of design flexibility. They are molded into complex shapes and geometries, enabling the production of components with intricate designs. Additionally, PMCs offer the ability to tailor their mechanical properties, such as stiffness, strength, and impact resistance, to meet specific application requirements. This versatility makes them suitable for a wide range of industries and applications.

PMCs exhibit excellent fatigue resistance, allowing them to withstand repetitive loading and cyclic stress without failure. This property is advantageous in industries where components are subjected to dynamic and cyclic loading conditions, such as aerospace, wind energy, and automotive sectors. The fatigue resistance of PMCs contributes to their longevity and durability.

Why Aramid Fiber Matrix is Gaining Traction?

Aramid fibers, such as those used in Kevlar, possess exceptional strength-to-weight ratios. They are stronger than steel on a weight-to-strength basis, making them an ideal choice for applications that require high strength combined with lightweight properties. This characteristic is particularly valuable in industries such as aerospace, defense, and automotive, where weight reduction is crucial for improved performance and fuel efficiency.

Aramid fibers have remarkable resistance to impact and abrasion. They exhibit outstanding toughness, absorbing and dissipating energy effectively. This property makes them highly desirable for applications that require protection against ballistic threats, such as body armor and vehicle armor. Aramid fiber-reinforced composites offer superior impact resistance, providing reliable protection and ensuring the safety of personnel and assets.

The increasing emphasis on safety and personal protection is driving the demand for high-performance materials in the production of PPE. Aramid fibers, with their exceptional strength, impact resistance, and heat resistance, are preferred choices for manufacturing bulletproof vests, helmets, gloves, and other protective gear. The growing demand for PPE, especially in defense, law enforcement, and industrial sectors, is boosting the adoption of aramid fiber matrix composites.

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Key Strategies Followed by Key Manufacturers

Leading ballistic composites manufacturers are ArmorSource, BAE Systems, Barrday Corporation, DSM, DuPont, Elmon, FY Composites OY, Gaffco ballistics, Gurit, Honeywell International Inc., MKU Limited, Morgan Advanced Materials, PRF Composite Materials, Royal Ten Cate NV, Southern States LLC, Teijin Limited and many more.

Manufacturers are concentrating on creating formulations that adhere to environmental regulations. Manufacturers are investing a sizeable portion of their profit in product R&D due to ongoing pressure from government organizations to comply with environmental regulations. Additionally, manufacturers are making collaborative efforts to upgrade the performance of the product by improving physical & mechanical properties

Fact.MR has provided detailed information about the price points of key manufacturers of ballistic composites positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Ballistic Composites Industry Research

  • By Fiber :

    • Polymer Matrix Composites
    • Polymer Ceramic
    • Metal Matrix
  • By Matrix :

    • Aramid Fiber
    • UHM-PE
    • Glass
  • By Application :

    • Vehicle Armour
    • Body Armour
    • Helmets and face protection
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

What was the performance of Ballistic Composites Market in 2022?

The global ballistic composites market grew and reached a valuation of US$ 1.7 billion in 2022.

What was the Market Growth Rate in the Last 5 Years?

The global ballistic composites market experienced a growth rate of 4.4% during 2018 and 2022.

How much Share does North America Hold in the Global Market for Ballistic Composites?

North America holds a 40.1% market share in the global ballistic composites market.

Which Fiber Type is Expected for Maximum Growth During the Forecast Period?

Between the years 2023 and 2033, it is expected that the consumption of polymer matrix for ballistic composites is likely to increase.

How many shares do Tier-1 Manufacturers Hold in Global Ballistic Composites Market?

Tier 1 manufacturers are expected to capture a 54.3% share of the global ballistic composites market.

Ballistic Composites Market

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