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Ballistic Composites Market 2019 Significant Growth Rate by Industry Size, Share, Market Dynamics, Development Status of Key Players Forecast to 2024

Ballistic

The “Ballistic Composites Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Ballistic Composites market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Ballistic Composites market report also offers market competitors that includes detailed company profiles along with company product specifications.

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.<

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    In Ballistic Composites Market Report, Following Companies Are Covered:

  • BAE Systems
  • Barrday Corporation
  • Royal DSM NV
  • DowDuPont
  • FY Composites OY
  • Gaffco Ballistics
  • Gurit Holding AG
  • Honeywell International Inc.
  • II
  • VI M Cubed
  • MKU Limited
  • PRF Composite Materials
  • Koninklijke Ten Cate BV
  • Morgan Advanced Materials
  • Southern States LLC
  • Teijin Limited
  • Waco Composites

    Ballistic Composites Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • This report studies the global Ballistic Composites market size, industry status and forecast, competition landscape and growth opportunity.

    Reasons for Buying Ballistic Composites Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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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.

    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.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Ballistic Composites create from those of established entities?

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    Detailed TOC of Ballistic Composites Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Drivers
    4.1.1 Rise in Defense Expenditure of Many Countries
    4.1.2 Increasing Demand for Lightweight Materials in the Aerospace and Defense Industry
    4.2 Restraints
    4.2.1 Need for High Investments in R&D
    4.2.2 Other Restraints
    4.3 Industry Value Chain Analysis
    4.4 Porters Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5 MARKET SEGMENTATION
    5.1 By Fiber Type
    5.1.1 Aramids
    5.1.2 Ultra-high-molecular Weight Polyethylene (UHMWPE)
    5.1.3 S-glass
    5.1.4 Other Fiber Types
    5.2 By Matrix Type
    5.2.1 Polymer
    5.2.2 Polymer-ceramic
    5.2.3 Metal
    5.3 By Application
    5.3.1 Vehicle Armor
    5.3.2 Body Armor
    5.3.3 Helmets and Face Protection
    5.3.4 Other Applications
    5.4 Geography
    5.4.1 Asia-Pacific
    5.4.1.1 China
    5.4.1.2 India
    5.4.1.3 Japan
    5.4.1.4 South Korea
    5.4.1.5 Australia & New Zealand
    5.4.1.6 Rest of Asia-Pacific
    5.4.2 North America
    5.4.2.1 United States
    5.4.2.2 Canada
    5.4.2.3 Mexico
    5.4.3 Europe
    5.4.3.1 Germany
    5.4.3.2 United Kingdom
    5.4.3.3 Italy
    5.4.3.4 France
    5.4.3.5 Spain
    5.4.3.6 Rest of Europe
    5.4.4 South America
    5.4.4.1 Brazil
    5.4.4.2 Argentina
    5.4.4.3 Rest of South America
    5.4.5 Middle East & Africa
    5.4.5.1 Saudi Arabia
    5.4.5.2 South Africa
    5.4.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 BAE Systems
    6.4.2 Barrday Corporation
    6.4.3 Royal DSM NV
    6.4.4 DowDuPont
    6.4.5 FY Composites OY
    6.4.6 Gaffco Ballistics
    6.4.7 Gurit Holding AG
    6.4.8 Honeywell International Inc.
    6.4.9 II-VI M Cubed
    6.4.10 MKU Limited
    6.4.11 PRF Composite Materials
    6.4.12 Koninklijke Ten Cate BV
    6.4.13 Morgan Advanced Materials
    6.4.14 Southern States LLC
    6.4.15 Teijin Limited
    6.4.16 Waco Composites

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 Development of Terrain Motor Vehicles with Ballistic Protection

     

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