Ballistic Composites Market - Growth, Trends, and Forecast (2019 – 2024)

The market is segmented by Fiber Type (Aramids, Ultra-high-molecular Weight Polyethylene (UHMWPE), S-glass, Other Fiber Types), Matrix Type (Polymer, Polymer-ceramic, and Metal), Application (Vehicle Armor, Body Armor, Helmets and Face Protection, and Other Applications), and Geography.

Market Snapshot

Study Period:


Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The market for ballistic composites is expected to register a CAGR of 6.34% during the forecast period (2019-2024). One of the major factors driving the market is the increasing demand from the defense and aerospace industries.

The oil and gas industry dominated the market in 2017, and is expected to grow during the forecast period, owing to the increasing oil and gas activities across the world.

  • The rise in defense expenditures and budgets of many countries, and the demand for lightweight materials for protection against ballistic threats are likely to act as opportunities in the future.
  • North America dominated the market across the world, with the largest consumption from countries, such as the United States and Canada.

Scope of the Report

The ballistic composites market report includes:

By Fiber Type
Ultra-high-molecular Weight Polyethylene (UHMWPE)
Other Fiber Types
By Matrix Type
By Application
Vehicle Armor
Body Armor
Helmets and Face Protection
Other Applications
South Korea
Australia & New Zealand
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand for Vehicle Armors

  • Vehicle armors go into ground vehicles, sea vehicles, and helicopters.
  • Increasing warfare across the world is increasing the demand for military vehicles required in warships, which is likely to increase the demand for vehicle armor during the forecast period.
  • Composite materials have gradually crept into armor systems for naval vessels and land combat vehicles. They have displaced steel, aluminum, and even titanium alloys, partly due to improved ballistic efficiencies similar to the significant advancements in specific strength and stiffness made in structural materials, as well as being lightweight. Composite parts can be part of the primary armor, especially effective against fragmentation, originating from grenades, mortars, artillery, and other explosive devices. Vehicles can use armor laminates of either S-glass or Kevlar fabric.
  • Land combat vehicles are protected by armor sufficient to withstand heavy machinegun fire and overhead artillery fire. These vehicles have external armor kits, which include glass fiber reinforced support plates. A strengthened undercarriage protects the personnel inside from mines. Exterior armor design generally includes modular expandable armor system panels, made with ceramic-faced woven aramid, roof interiors consist of molded-woven aramid reinforced composites, and interior sides contain molded, S-fiberglass-reinforced composites.
  • Armor protection is also required on the bottom of helicopters against ground fire from small arms. As the fuselage of helicopters needs to be light, the base portion is generally vulnerable to small arms fire from the ground, which puts the occupants at risk. Lightweight armor for the bottom of helicopters has been in use for many years.
  • In the area of vehicle armor, ballistic composites have provided the following benefits: reduced the weight of a vehicle, increased mobility, decreased number of components required to armor, increased fuel efficiency, and increased life of the vehicle.
Segmentation - Ballistic composites Market

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North American Region to Dominate the Market

The North America region dominated the global market share in 2018, due to the growing aerospace and defense industrial activities and the increasing need to bring down the cost, lower carbon dioxide emissions, and fuel consumption. In February 2018, the US government proposed a defense budget of USD 716 billion for FY 2019. The United States was the most significant defense spending nation in 2018, with a spending of USD 647 billion, which shows an increase of 6.07% from that of FY 2017. The United States also struck a major deal with Saudi Arabia for arms deal sales, along with the sale of F-35 combat aircraft. Moreover, the US army announced its plans of spending about USD 1.4 billion on the manufacturing of lightweight tanks project, over the forecast period. Owing to the aforementioned factors, the ballistic composites market in the region is expected to increase at a significant rate, during the forecast period.

Regional - Ballistic composites Market

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Competitive Landscape

The ballistic composites market is highly consolidated, with top five players accounting for 50% of the market share. The major companies include DowDuPont, Royal DSM, Honeywell, Royal Ten Cate, and Teijin.

Major Players

  1. DowDuPont
  2. Tencate
  3. Honeywell
  4. DSM
  5. Teijin

* Complete list of players covered available in the table of contents below


Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Rise in Defense Expenditure of Many Countries

      2. 4.1.2 Increasing Demand for Lightweight Materials in the Aerospace and Defense Industry

    2. 4.2 Restraints

      1. 4.2.1 Need for High Investments in R&D

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 By Fiber Type

      1. 5.1.1 Aramids

      2. 5.1.2 Ultra-high-molecular Weight Polyethylene (UHMWPE)

      3. 5.1.3 S-glass

      4. 5.1.4 Other Fiber Types

    2. 5.2 By Matrix Type

      1. 5.2.1 Polymer

      2. 5.2.2 Polymer-ceramic

      3. 5.2.3 Metal

    3. 5.3 By Application

      1. 5.3.1 Vehicle Armor

      2. 5.3.2 Body Armor

      3. 5.3.3 Helmets and Face Protection

      4. 5.3.4 Other Applications

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Australia & New Zealand

        6. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Spain

        6. Rest of Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BAE Systems

      2. 6.4.2 Barrday Corporation

      3. 6.4.3 Royal DSM NV

      4. 6.4.4 DowDuPont

      5. 6.4.5 FY Composites OY

      6. 6.4.6 Gaffco Ballistics

      7. 6.4.7 Gurit Holding AG

      8. 6.4.8 Honeywell International Inc.

      9. 6.4.9 II-VI M Cubed

      10. 6.4.10 MKU Limited

      11. 6.4.11 PRF Composite Materials

      12. 6.4.12 Koninklijke Ten Cate BV

      13. 6.4.13 Morgan Advanced Materials

      14. 6.4.14 Southern States LLC

      15. 6.4.15 Teijin Limited

      16. 6.4.16 Waco Composites

    5. *List Not Exhaustive

    1. 7.1 Development of Terrain Motor Vehicles with Ballistic Protection

**Subject to Availability

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