The report "Ballistic Composites Market by Fiber Type (Aramid, UHMWPE, S-Glass), Matrix Type (Polymer, Polymer-Ceramic, Metal), Application (Vehicle Armor, Body Armor, Helmet & Face Protection), and Region - Global Forecast to 2021", is projected to reach USD 1.80 Billion by 2021, growing at a CAGR of 7.12%, from 2016 to 2021. The rising demand for ballistic composites in personal protection due to its light weight and high strength properties is the major driver for the growth of the ballistic composites market.

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Market Dynamics
Drivers

Rising demand in personal protection
Increasing threat from growing internal and external conflicts
Need for lightweight, comfortable, and high strength materials
Opportunities

Increasing R&D and mass production of ballistic fibers
Evolution and adoption of new technologies and products
Objectives of the Study
To define, describe, and forecast the ballistic composites market, in terms of value, and volume
To identify and measure the ballistic composites market by matrix type, by fiber type, application, and region
To analyze the significant region-specific market trends in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (ME&A) and country-specific trends in major countries such as the U.S., Germany, France, the U.K., China, and Japan, among others
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The vehicle armor segment is projected to be the largest application segment of the ballistic composites market during the forecast period, in terms of both value and volume. There is a high demand for ballistic composites in vehicle armor as these composites used in the manufacture of vehicle armor, offers the vehicles with high level of protection against ballistic threats from bullets, missiles, and other ammunition. Also, the light weight property of the composites helps in reduction of the weight of military vehicles providing ease and convenience in mobility.

Developing durable ballistic composite according to different threats is the biggest challenge in the ballistic composites market. The manufacturers have to develop composite panels and armors that can provide high level of toughness, fracture resistance, and ballistic protection without delamination. Different threats encounter with composite materials in a different way and it is extremely difficult to develop ballistic composites accordingly.