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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