ballistic composites

The Worldwide Market For Ballistic Composites Till 2026
Ballistic composites are the raw materials for several military applications such as
law enforcement vests, helmets, and body and vehicle armors. These materials
absorb the impact energy caused by explosives.
Ballistic composites are used in military operations. Military vehicles are
reinforced with ballistic composites for better performance. Growing demands for
efficient and strong military force in every country around the world, is increasing
the demand for ballistic composites, in turn, boosting market growth.
North America holds the largest market for ballistic composites. The U.S.
government announced a military budget of US$ 824.7 billion in 2018. The large
figure is the result of ongoing U.S. operations in Syria, Afghanistan, and Pakistan.
Also, modernizing current fighter jet fleet and procurement of other military
vehicles such as tanks and combat vehicles is projected to boost the market in the
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Asia Pacific is the fastest growing market for ballistic composites. China is expected to increase its military spending by 7% from US$ 210 billion to US$ 224.7 billion over the following years.