Lucintel Forecasts Ballistic Composites Market To Reach $174 Million By 2030

By Author: Lucintel LLC
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According to the recent study the ballistic composites market is projected to reach an estimated $174 million by 2030 from $127 million in 2023 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by growing demand for environment-friendly components, increasing demand for lightweight and flexible armor to enable mobility, and rising demand for innovative gadgets.
A more than 150–page report is developed to understand trends, opportunities and forecast in ballistic composites market by fiber (aramid fiber, UHMWPE fiber, S-glass fiber, and others), application (vehicle armour, body armour, helmet, face protection, and others), platform (land, marine, and airborne), product (polymer matrix composite, ceramic matrix composite, and metal matrix composite), end use industry (military, homeland security, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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Lucintel forecasts that polymer matrix composite will remain the largest segment over the forecast period due to its properties like low weight, ...
... high friction, and temperature resistance. Ceramix is expected to witness highest growth over the forecast period.
Vehicle armour is expected to remain the largest segment due to its benefits like high level of safety, reducing weight and increasing the strength of the materials. Body armour is expected to witness highest growth over the forecast period.
North America will remain the largest region due to the rising advancement in technology, growing modernization of fighter jet fleet and other military vehicles and growing investment by the government towards military sector in the region. APAC is expected to witness highest growth over the forecast period.
Honeywell International, BAE Systems, Royal Ten Cate, Koninklijke DSM, Gurit Holdings, Dupont De Nemours, and Teijin are the major suppliers in the ballistic composites market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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