Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The raw materials used for the making of the military vests, helmets and the vehicle armours are called as the ballistic composite material. They may be the hard materials or composite armours which are light in weight and thicker than steel materials.
The global market of the ballistic composites is growing rapidly as the rise in the defence expenditure of many countries, increasing demand for lightweight materials in the aerospace and defence industry, increasing internal and external threats, comfortable and lightweight materials, growing in the demand of the Efficient and strong military forces, rising in the demands of the personal protection, increasing R&D and mass production of ballistic fibers. Whereas the market is getting hampered by complexity in the designing ballistic composite, high cost and extremely stringent standards of ballistic composite products, failure to provide the complete protections, need for high investments in the R&D of the ballistic composites these factors could hamper the market growth of the ballistic composite market.
The exclusive covid 19 impact analysis report by axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the ballistic composites market. In addition, complete analysis of changes on ballistic composites expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The ballistic composite market is segmented by type, fiber type, application and geography.
The Ballistic Composite Market is covered by the polymer matrix composites, polymer-ceramic matrix composites, and the metal matrix composites. Whereas, the polymer matrix composites are holding the largest market shares as compared to others because of their light weight, high resistance, low frictions and high rate of durability.
The global market of ballistic composite is holder by the fibers like Aramid fibers, UHMPE (Ultra High Molecular weight polyethylene), Glass, M5, Hybrids and others. In which the Aramid fiber is dominating across the globe. the aramid fiber is also having some derivatives like Para-amid, Meta-Amid. The highest holding was taken by the aramid filters in the year of 2018 and it is having the largest share among the others.
The study analyses the use of ballistic composite in the areas like vehicle armour, Body armour, helmets and Face protection and others. In which there are subtypes vehicle armours that are Marine vehicle armour, Land vehicle armour, Air vehicle armour. And the subtypes of the body armours as the body vest, shields, Protective under garments. The most holding are done by the vehicle armours as they are light in weight and hs the better fuel efficiency and the mobility than the others.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and rest of the world. The north America has dominated the globe in the Ballistic Composite Market as they are providing more expenditure on their army and Research and development of the Ballistic Composite Markets and they also have the higher no of suppliers in the globe for the Ballistic Composite Markets. The Asia-pacific is the growing region in the market of the ballistic composite.
The study identifies the global players like Armorsource,Bae Systems ,Barrday Corporation,Dsm ,Dupont De Nemours Inc.,Elmon And Others.,Fy Composites Oy ,Gaffco Ballistics,Gurit,Honeywell International Inc.,M Cubed Technologies, Inc.,Mku Limited,Morgan Advanced Materials,Prf Composites ,Royal Ten Cate Nv,Southern States Llc ,Teijin Bae Systems, Tencate. Where the major global leader is DuPont de Nemours Inc., Tencate, Honeywell,DSM, Teijin due to their high operaings across the globe.
The study analyses the global market of the Ballistic Composite Market is segmented by the type, fibers type, application and the geography. The study also summarizes the impact of the covid -19 global pandemic on the global market of the Ballistic Composite Markets. The impact seen on the Ballistic composite is that the growth rate curve is going out of its trajectory dur to the global covid-19 pandemic. The study also analyses the major key players in the industry like is DuPont de Nemours Inc., Tencate, Honeywell, DSM, Teijin. And the study also analyses that North America has the highest holdings of the shares of the Ballistic Composite Markets and then coming down there are developing nations like Asia-Pacific are likely to grow in the Ballistic Composite Market.
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