Ballistic Composites Market is expected to reach $165.2 million by 2028- An exclusive market research report by Lucintel

Lucintel’s latest market report analyzed that ballistic composites provides attractive opportunities in the vehicle armour, body armour, helmet, and face protection applications. The ballistic composites market is expected to reach $165.2 million by 2028 with a CAGR of 5.3%. In this market, polymer matrix composite is the largest segment by product, whereas vehicle armour is largest by application.

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Based on product, the ballistic composites market is segmented into polymer matrix composite, ceramic matrix composite, and metal matrix composite. The polymer matrix composite segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its properties like low weight, high friction, and temperature resistance.

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The Ballistic Composites Market is marked by the presence of several big and small players. Some of the prominent players offering ballistic composites include Honeywell International, BAE Systems, Royal Ten Cate, Koninklijke DSM, Gurit Holdings, Dupont De Nemours, and Teijin.

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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 click on this link helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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