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Ballistic Composites Market Trends and Forecast

The future of the global ballistic composites market looks promising with opportunities in the vehicle armour, body armour, helmet, and face protection applications.The global ballistic composites market is expected to reach an estimated $165.2 million by 2028 with a CAGR of 5.8% 2022 to 2028.. The major drivers for this market are growing demand for environment-friendly components, increasing demand for lightweight and flexible armor to enable mobility, and rising demand for innovative gadgets.
  • 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.