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Ballistic Composites Market

Ballistic Composites Market

Ballistic Composites Market Trends to Witness Rise in Popularity of Polymer Matrix Ballistic Composites

Ballistic Composites Market

Market Snapshot

According to Fact.MR, the ballistic composites market was valued at around US$ 1.5 Bn in 2020, and is projected to expand 1.7X to top US$ 2.5 Bn by 2031. Increasing need and demand for lightweight, comfortable, and high strength protective equipment, mass production of ballistic fibers, and growing demand for environment-friendly components are factors expected to drive market expansion at a CAGR of above 6% through 2031.

Key Points Covered in Ballistic Composites Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • Assessment by Product Grade / Purity / Formulation Standards
  • Assessment of Import Price, Bulk Price, Contractual Price, Producer / Distributor Price
  • Certifications and Compliance Requirements
  • COVID-19 Impact on the Ballistic Composite Sales and How to Navigate
  • Recommendation on Key Winning Strategies

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Consumption Analysis of Ballistic Composites from 2016-2020 Vs Market Outlook for 2021 to 2031

As per Fact.MR – a market research and competitive intelligence provider, over the last 5 years, the global market for ballistic composites expanded at close to 3% CAGR. In 2020, the market was valued at around US$ 1.5 Bn.

Ballistic composites are raw materials used for several military applications such as law enforcement vests, helmets, and body and vehicle armours. Efforts and expenditure for developing effective raw materials to improve product performance and rising focus to improve soldier’s survivability are likely to play a key role in market expansion.

Growing defense expenditure along with rising competition between regional economies to showcase their defense capability and increasing need for better protective equipment are expected to drive market growth.

All these factors create an ideal environment for ballistic composites across the world, and the market is expected to top a valuation of US$ 2.5 Bn by 2031.

Why is Demand for Ballistic Composites Rising in Personal Protection?

Rising demand for ballistic composites in personal protection due to their lightweight and high strength properties is a major driver for the growth of the market. Soldiers are now better protected against new ballistic threats, and the overall weight of body protection has been reduced while comfort has increased.

New military vehicles are no longer purely armoured with steel, and are instead lined with lightweight ballistic materials that increase the distance they can travel without refueling, and also improve maneuverability. Lightweight ballistic composites from fiber manufacturing to commercial products and testing helps in reduction of the weight of military vehicles, providing ease and convenience in mobility. This factor will drive market growth over the coming years.

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How is Increasing R&D and Mass Production of Ballistic Composites Stimulating Market Growth?

A lot of research and development on ballistic composites is conducted at the U.S. Army Natick Soldier Research center in collaboration with fiber and ceramics companies, academic institutions, and other entities, with the goal of developing ever-lighter, higher-performance materials that can improve soldiers’ mobility, performance, and comfort.

Ballistic composite layers of fabric are stacked by using only heat and pressure; the outer layers melt and fuse the stack together into flat panels and moulded parts that have very good impact properties.

Which Region Offers the Largest Opportunity for Ballistic Composite Suppliers?

The Asia Pacific (APAC) region dominates the market with a share of more than 40%. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India. But with growing foreign direct investments for economic development in South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in the automotive sector.

Increase in global automobile production is a major factor leading to high demand for ballistic composites in terms of volume across the globe. The Asia Pacific region is expected to emerge as the fastest-growing regional market over the next ten years. Developing countries in the region are focusing on high-end combat solutions and new technology developments to protect the lives of deployed soldiers and vehicles.

ballistic composites market by FactMR

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Country-wise Analysis

What is the Demand Outlook for Ballistic Composites in the U.S.?

The market in the U.S was valued at US$ 410 Mn in 2020. The U.S. is the growth engine of the market owing to having the world’s largest defense spending, significant investment towards research and development, and presence of a large number of ballistic composite suppliers.

Increased amount of expenditure by the military on the maintenance of security and stringent regulations by the U.S. government prioritizing the safety of the defense forces are behind rapid growth in the country.

Furthermore, many of the military programs such as the Joint Light Tactical Vehicle (JLTV) and Armored Multipurpose Vehicle (AMPV) carried out by U.S. authorities will spearhead market scope over coming period.

What are the Growth Opportunities for Ballistic Composites Providers across China?

By 2031, China is expected to have a market value of roughly US$ 490 Mn. Escalating tensions in the South China Sea between China, Taiwan, the Philippines, Vietnam, Malaysia, and Brunei have led to increased defense spending, which has further boosted growth of the ballistic composites industry.

Induced focus on high-end combat solutions and new technology development are some of the key factors that have driven demand for ballistic composites in China.

Category-wise Insights

Why are Polymer Matrix Composites Gaining Immense Popularity?

Polymer matrix composites accounted for the largest market share of around 50% in 2020, and are expected to experience significant growth on account of their low cost and simple fabrication methods. Their significance lies in the ability to grow fatter and shorter upon being heated.

Features such as low weight, high friction, and temperature resistance properties make polymer an extensively used product. Polymer matrix composites are employed in applications such as protective garments, helmets, and body vests. Polymer matrix composites are widely used due to their low cost and simple fabrication methods.

Most car manufacturers have executed investigations to insert natural fiber polymer composites in their products. Polymer matrix composites, on being exposed to heat, expand a little instead of melting. The advantageous properties offered by polymer matrix composites account for their significant share in the ballistic composites market.

How is Demand for Use in Vehicle Armours Stimulating the Market Growth?

Vehicle armours go into ground vehicles, sea vehicles, and helicopters. Vehicle armours are equipped with ballistic composites to ensure high-level protection against ballistic impacts and to provide high protection to the lives of the military personnel in these vehicles.  Soldiers and security personnel are in constant need of easy mobility while wearing protective vests, coupled with intensive protection.

Owing to the high level of safety provided using these materials, they are widely utilized for vehicle armour application. Commercial and industrial building constructions are likely to include these composites in buildings to secure them from minor threats.

Increasing warfare across the world is driving demand for military vehicles required in warships, which is likely to increase demand for vehicle armours over the years to come.

How Has COVID-19 Impacted Demand for Ballistic Composites?

The COVID-19 outbreak has exposed several challenges for the defense sector. Production facilities and supply chains have been affected. Demand for defense equipment and related services are down. Supply-side shocks are perhaps some of the most visible effects of the pandemic’s impact on the defense sector.

Companies that are located in countries badly affected by the virus or those that are dependent on supply chains located in affected countries are the immediate victims of the pandemic.

Countries have effectively shut down their production units, putting a strain on equipment manufacturers. Major countries such as the U.S. and India procure raw materials and electronic components from China, and the supply chain of many equipment and product manufacturers have been affected. 2021 is projected to be better, with the market regaining its original traction by 2022.

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Competitive Landscape

Major players with a prominent share in the market are focusing on expanding their customer base.

  • In 2016, Morgan Advanced Materials (U.K.) manufactured new ballistic shields for military and law enforcement applications. The product is light in weight and offers protection to the unprotected parts of soldiers.
  • In 2019, United Shield, one of the leading manufacturers of personal ballistic and fragmentation protection equipment, launched the E.R.T shield. This product will be delivered in various U.S. firearm units as it satisfies the requirement for a lighter, more versatile ballistic shield without degrading the product’s strength, integrity, and toughness.

Ballistic Composites Market Report Scope

Report Attribute


Forecast Period


Historical Data Available for


Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

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

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Brazil
  • Mexico
  • Argentina
  • GCC
  • South Africa

Key Market Segments Covered

  • Matrix
  • Fiber
  • Application
  • Region

Key Companies Profiled

  • BAE Systems
  • Barrday Corporation
  • Honeywell International Inc.
  • FY Composites OY
  • PRF Composite Materials
  • Morgan Advanced Materials
  • Southern States LLC
  • MKU Limited
  • Gaffco ballistics
  • Gurit
  • ArmorSource
  • Royal Ten Cate NV
  • Elmon
  • Teijin Limited
  • DSM
  • DuPont

Available upon Request

Key Market Segments in Ballistic Composites Industry Research

  • Matrix

    • Polymer Matrix Composites
    • Polymer-Ceramic
    • Metal Matrix
  • Fiber

    • Aramid Fibers
    • UHMPE
    • Glass
  • Application

    • Vehicle Armour Ballistic Composites
    • Body Armour Ballistic Composites
    • Helmets and Face Protection Ballistic Composites   

Ballistic Composites Market: Report Scope

A recent study by Fact.MR on the ballistic composites market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates recent market developments, strategic market growth analysis, market size, category market growths, product approvals, product launches, geographical expansions, and technological innovations associated with ballistic composites market!

The study also provides the dynamics responsible for influencing the future status of the ballistic composites market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing ballistic composites, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of ballistic composites across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of ballistic composites during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative markets for ballistic composites?
  • Which factors will impact the growth of the market?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the ballistic composites market?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Market estimates at global and regional levels for ballistic composites are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global ballistic composites market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the ballistic composites market during the forecast period.

Country-specific valuation on demand for ballistic composites has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

Competition Analysis

The report sheds light on leading manufacturers of ballistic composites, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering ballistic composites has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the ballistic composites market.

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of ballistic composites market, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

The global ballistic composites market is worth around US$ 1.5 Bn at present, according to Fact.MR.

Sales of ballistic composites are projected to rise at a CAGR of over 6% during 2021 – 2031.

The global market increased at a CAGR of close to 3% during 2016 – 2020.

Increasing demand for lightweight, comfortable, and high strength materials around the world is largely expected to shape market expansion.

Over the forecast period, vehicle armours are likely to be a major demand driver for ballistic composites.

Ratings on the basis of market share, market reach, clientele, etc., reveal that the top 5 key suppliers of ballistic composites account for around 40% share in the global market.

Top 5 countries driving demand for ballistic composites are the U.S., China, Japan, Canada, and Germany.

North America accounts for around 40% of global ballistic composite demand, and will continue to flourish over the years ahead.

The European market for ballistic composites is projected to expand at a CAGR of more than 4% during 2021 – 2031.

The market in South Korea and Japan is set to expand at around 3% CAGR each over the next ten years.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.