Ballistic Composites Market
Ballistic Composites Market Forecasts to 2028 - Global Analysis By Product Type (Polymer-Ceramic, Metal Matrix and Polymer Matrix Composites), Fiber Type (Aramid Fibres, Ultra-High-Molecular Polyethylene (UHMPE), Glass and Other Fiber Types), Platform (Land, Marine and Airborne), Application (Vehicle Armour, Body Armour, Helmets & Face Protection, Medical Devices, Military & Defence, Consumer Electronics and Other Applications) and Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $1.72 BN |
|
Projected Year Value (2028) |
US $2.67 BN |
|
CAGR (2022 - 2028) |
7.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Ballistic Composites Market is accounted for $1.72 billion in 2022 and is expected to reach $2.67 billion by 2028 growing at a CAGR of 7.6% during the forecast period. The essential organs of a person can be protected by using contemporary ceramic and ceramic-based materials, which are light and strong and offer a suitable level of protection against the penetration and impact of bullets by ballistic materials. The addition of armour to vehicles is now necessary due to modern trends, which eliminates the need for hefty mass weights and excessive bulk steel utilisation. A higher level of ballistic protection and weight reduction might be achieved by swapping out the armoured steel for new ballistic materials, which would also improve mobility and make it easier to mount more battle gear which provides an encouraging growth for the market.
According India’s Ruling Govt. Initiatives such as Housing for all the government’s flagship scheme PMAY launched in June 2015 aims to build 20 million urban homes and 30 million rural houses by 2022. This is expected to fuel the growth of the Urban Infrastructure and construction development.
Market Dynamics:
Driver:
Increasing Demand for personnel protection
The need for ballistic body and vehicle armour for use by political elites, businesspeople, bureaucrats, prominent athletes, entertainment personalities, and others is being driven by an increase in crimes and terrorist operations. There has been a spike in the market for matrix composites in personal protection apparel and transportation as ballistic composite armour is lighter and meets the strictest international safety standards. Several businesses are concentrating on integrating composite armour to luxury passenger cars made for civilian use is propelling the market growth.
Restraint:
High cost combined with stringent standards
One of the key factors limiting the market's growth is the high cost of new technologies. To address the growing issues posed by lethal ammunition and pricey new goods and solutions that have led to limited industrial penetration, businesses are heavily investing in the development of ballistics composite products and solutions hinder the growth of the ballistic composites market.
Opportunity:
Development and use of innovative products and technologies
Military research facilities are working with the integration of multipurpose ballistics garments into soldier protective gear. These materials have conductive qualities that could be used to track a soldier's heart rate. In order to make composite vests lighter, these research labs are attempting to integrate antenna communication right into the garments. Incorporating firms are working to improve the ballistic performance of composite materials which create a wide range of opportunities of the growth of the market.
Threat:
Manufacturing of resilient ballistic composites
Developing composite panels and armour that can offer a greater standard of toughness, fracture resistance, and psychometric protection without delaminating is the primary problem manufacturer’s face when producing ballistics composites. Armoured vehicles should be able to withstand projectiles such as roadside bombs and shells fired from tanks, while vests must be made to deflect bullets from various sorts of weaponry hampering the growth of the market.
Covid-19 Impact
The COVID-19 outbreak has made the defence industry face a number of difficulties. Supply chains and production facilities are impacted. Defense-related goods and services are less in demand. One of the most obvious consequences of the pandemic's impact on the military industry may be supply side shocks. The pandemic's first casualties are businesses with headquarters in areas where the virus has spread widely or those that depend on supply chains with hubs in these areas. Hence, Covid 19 pandemic has hampered the market growth during the forecast period.
The ultra-high-molecular polyethylene segment is expected to be the largest during the forecast period
The ultra-high-molecular polyethylene segment is estimated to have a lucrative growth, due to the lightest and strongest fibres obtainable. Numerous high-performance polyethylene ballistic applications utilise its fibre composites. The chapter discusses the differences in mechanical characteristics found when thick composites were used instead of single filaments. Simple properties of the penetrating mechanism of composite sheets and panels are revealed. Increasingly complicated numerical modelling techniques and their sensitivity to how the mechanical properties of the fibre affect ballistic performance are examined which is growing the market share.
The Vehicle armour segment is expected to have the highest CAGR during the forecast period
The Vehicle armour segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its high level of protection offered, ground, sea, and helicopter vehicles all have vehicle armour against ballistic hits and to give excellent safety for the lives of the military people within these vehicles, vehicle armour is fitted with ballistic composites. Due to the high level of safety these materials offer, they are frequently applied to vehicle armour since soldiers and security people constantly require easy mobility while donning protective vests and intensive protection. Construction of commercial and industrial buildings is likely to include these composite materials to protect them from small hazards which boost the market.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the expanding product launches and other developments by leading market participants will also offer several opportunities for market expansion. The expanding product launches and other developments by leading market participants will also offer several opportunities for market expansion. In addition the rapid expansion of the market in the Asia Pacific area is attributed to rising military spending on maintaining security and strict US government rules that place a priority on the safety of the armed forces by enhancing the market.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period; owing to Developing nations in the area are eventually concentrating on improved combat solutions and new technology development as a result of a growing awareness of the lives of deployed soldiers and vehicles. The economic dynamics of nations like Germany and the UK continue to account for the majority of the economic activity in Europe, despite the fact that the current situation is changing as a result of a rise in foreign direct investment for the expansion of Europe's economy. In addition increasing R&D and mass production of ballistic composites in this region are driving the market.
Key players in the market
Some of the key players profiled in the Ballistic Composites Market include DuPont, DSM, Honeywell International Inc, Teijin limited, SOLVAY, TenCate Protective Fabrics, Morgan Advanced Materials, BAE Systems, MKU Limited, ArmorSource, LLC, Craig International Ballistics Pty Ltd., ELMON, JPS Composite Materials, MKU Limited, Gaffco Ballistics, Southern States, LLC and Barrday Inc.
Key Developments:
In Jan 2023, Honeywell and Nexceris Strengthen Partnership to Improve Safety for Electric Vehicles, Honeywell and Nexceris will offer advanced automotive sensing technology to help prevent conditions leading to thermal runaway in EV batteries, a phenomenon that causes extremely high temperatures within the battery cell and can result in a fire.
In Oct 2022, Honeywell Launches Environmental Sustainability Index Showing Sustainability Leaders’ Sentiment on Past Progress And Future Expectations Towards Corporate Environmental Goals. Two-thirds of the S&P 500 has set emission reduction targets of some kind, according to an August report from Harvard Business Review.
In Feb 2022, DuPont Announced Agreement to Divest Majority of Mobility & Materials Segment to Celanese to divest a majority of the Mobility & Materials segment including the Engineering Polymers business line and select product lines within the Performance Resins and Advanced Solutions
In Feb 2021, DuPont Acquires Core Matrix Technology™ from Tex Tech while increasing ballistic and fragmentation performance for military and law enforcement personnel. Financial terms of the agreement were not disclosed.
Product Types Covered:
• Polymer-Ceramic
• Metal Matrix
• Polymer Matrix Composites
Fiber Types Covered:
• Aramid Fibres
• Ultra-High-Molecular Polyethylene (UHMPE)
• Glass
• Other Fiber Types
Platforms Covered:
• Land
• Marine
• Airborne
Applications Covered:
• Vehicle Armour
• Body Armour
• Helmets & Face Protection
• Medical Devices
• Military & Defence
• Consumer Electronics
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Ballistic Composites Market, By Product Type
5.1 Introduction
5.2 Polymer-Ceramic
5.3 Metal Matrix
5.4 Polymer Matrix Composites
6 Global Ballistic Composites Market, By Fiber Type
6.1 Introduction
6.2 Aramid Fibres
6.3 Ultra-High-Molecular Polyethylene (UHMPE)
6.4 Glass
6.5 Other Fiber Types
7 Global Ballistic Composites Market, By Platform
7.1 Introduction
7.2 Land
7.3 Marine
7.4 Airborne
8 Global Ballistic Composites Market, By Application
8.1 Introduction
8.2 Vehicle Armour
8.3 Body Armour
8.4 Helmets & Face Protection
8.5 Medical Devices
8.6 Military & Defence
8.7 Consumer Electronics
8.8 Other Applications
9 Global Ballistic Composites Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 DuPont
11.2 DSM
11.3 Honeywell International Inc
11.4 Teijin limited
11.5 SOLVAY
11.6 TenCate Protective Fabrics
11.7 Morgan Advanced Materials
11.8 BAE Systems
11.9 MKU Limited
11.10 ArmorSource, LLC
11.11 Craig International Ballistics Pty Ltd.
11.12 ELMON
11.13 JPS Composite Materials
11.14 MKU Limited
11.15 Gaffco Ballistics
11.16 Southern States, LLC
11.17 Barrday Inc
List of Tables
1 Global Ballistic Composites Market Outlook, By Region (2020-2028) ($MN)
2 Global Ballistic Composites Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Ballistic Composites Market Outlook, By Polymer-Ceramic (2020-2028) ($MN)
4 Global Ballistic Composites Market Outlook, By Metal Matrix (2020-2028) ($MN)
5 Global Ballistic Composites Market Outlook, By Polymer Matrix Composites (2020-2028) ($MN)
6 Global Ballistic Composites Market Outlook, By Fiber Type (2020-2028) ($MN)
7 Global Ballistic Composites Market Outlook, By Aramid Fibres (2020-2028) ($MN)
8 Global Ballistic Composites Market Outlook, By Ultra-High-Molecular Polyethylene (UHMPE) (2020-2028) ($MN)
9 Global Ballistic Composites Market Outlook, By Glass (2020-2028) ($MN)
10 Global Ballistic Composites Market Outlook, By Other Fiber Types (2020-2028) ($MN)
11 Global Ballistic Composites Market Outlook, By Platform (2020-2028) ($MN)
12 Global Ballistic Composites Market Outlook, By Land (2020-2028) ($MN)
13 Global Ballistic Composites Market Outlook, By Marine (2020-2028) ($MN)
14 Global Ballistic Composites Market Outlook, By Airborne (2020-2028) ($MN)
15 Global Ballistic Composites Market Outlook, By Application (2020-2028) ($MN)
16 Global Ballistic Composites Market Outlook, By Vehicle Armour (2020-2028) ($MN)
17 Global Ballistic Composites Market Outlook, By Body Armour (2020-2028) ($MN)
18 Global Ballistic Composites Market Outlook, By Helmets & Face Protection (2020-2028) ($MN)
19 Global Ballistic Composites Market Outlook, By Medical Devices (2020-2028) ($MN)
20 Global Ballistic Composites Market Outlook, By Military & Defence (2020-2028) ($MN)
21 Global Ballistic Composites Market Outlook, By Consumer Electronics (2020-2028) ($MN)
22 Global Ballistic Composites Market Outlook, By Other Applications (2020-2028) ($MN)
23 North America Ballistic Composites Market Outlook, By Country (2020-2028) ($MN)
24 North America Ballistic Composites Market Outlook, By Product Type (2020-2028) ($MN)
25 North America Ballistic Composites Market Outlook, By Polymer-Ceramic (2020-2028) ($MN)
26 North America Ballistic Composites Market Outlook, By Metal Matrix (2020-2028) ($MN)
27 North America Ballistic Composites Market Outlook, By Polymer Matrix Composites (2020-2028) ($MN)
28 North America Ballistic Composites Market Outlook, By Fiber Type (2020-2028) ($MN)
29 North America Ballistic Composites Market Outlook, By Aramid Fibres (2020-2028) ($MN)
30 North America Ballistic Composites Market Outlook, By Ultra-High-Molecular Polyethylene (UHMPE) (2020-2028) ($MN)
31 North America Ballistic Composites Market Outlook, By Glass (2020-2028) ($MN)
32 North America Ballistic Composites Market Outlook, By Other Fiber Types (2020-2028) ($MN)
33 North America Ballistic Composites Market Outlook, By Platform (2020-2028) ($MN)
34 North America Ballistic Composites Market Outlook, By Land (2020-2028) ($MN)
35 North America Ballistic Composites Market Outlook, By Marine (2020-2028) ($MN)
36 North America Ballistic Composites Market Outlook, By Airborne (2020-2028) ($MN)
37 North America Ballistic Composites Market Outlook, By Application (2020-2028) ($MN)
38 North America Ballistic Composites Market Outlook, By Vehicle Armour (2020-2028) ($MN)
39 North America Ballistic Composites Market Outlook, By Body Armour (2020-2028) ($MN)
40 North America Ballistic Composites Market Outlook, By Helmets & Face Protection (2020-2028) ($MN)
41 North America Ballistic Composites Market Outlook, By Medical Devices (2020-2028) ($MN)
42 North America Ballistic Composites Market Outlook, By Military & Defence (2020-2028) ($MN)
43 North America Ballistic Composites Market Outlook, By Consumer Electronics (2020-2028) ($MN)
44 North America Ballistic Composites Market Outlook, By Other Applications (2020-2028) ($MN)
45 Europe Ballistic Composites Market Outlook, By Country (2020-2028) ($MN)
46 Europe Ballistic Composites Market Outlook, By Product Type (2020-2028) ($MN)
47 Europe Ballistic Composites Market Outlook, By Polymer-Ceramic (2020-2028) ($MN)
48 Europe Ballistic Composites Market Outlook, By Metal Matrix (2020-2028) ($MN)
49 Europe Ballistic Composites Market Outlook, By Polymer Matrix Composites (2020-2028) ($MN)
50 Europe Ballistic Composites Market Outlook, By Fiber Type (2020-2028) ($MN)
51 Europe Ballistic Composites Market Outlook, By Aramid Fibres (2020-2028) ($MN)
52 Europe Ballistic Composites Market Outlook, By Ultra-High-Molecular Polyethylene (UHMPE) (2020-2028) ($MN)
53 Europe Ballistic Composites Market Outlook, By Glass (2020-2028) ($MN)
54 Europe Ballistic Composites Market Outlook, By Other Fiber Types (2020-2028) ($MN)
55 Europe Ballistic Composites Market Outlook, By Platform (2020-2028) ($MN)
56 Europe Ballistic Composites Market Outlook, By Land (2020-2028) ($MN)
57 Europe Ballistic Composites Market Outlook, By Marine (2020-2028) ($MN)
58 Europe Ballistic Composites Market Outlook, By Airborne (2020-2028) ($MN)
59 Europe Ballistic Composites Market Outlook, By Application (2020-2028) ($MN)
60 Europe Ballistic Composites Market Outlook, By Vehicle Armour (2020-2028) ($MN)
61 Europe Ballistic Composites Market Outlook, By Body Armour (2020-2028) ($MN)
62 Europe Ballistic Composites Market Outlook, By Helmets & Face Protection (2020-2028) ($MN)
63 Europe Ballistic Composites Market Outlook, By Medical Devices (2020-2028) ($MN)
64 Europe Ballistic Composites Market Outlook, By Military & Defence (2020-2028) ($MN)
65 Europe Ballistic Composites Market Outlook, By Consumer Electronics (2020-2028) ($MN)
66 Europe Ballistic Composites Market Outlook, By Other Applications (2020-2028) ($MN)
67 Asia Pacific Ballistic Composites Market Outlook, By Country (2020-2028) ($MN)
68 Asia Pacific Ballistic Composites Market Outlook, By Product Type (2020-2028) ($MN)
69 Asia Pacific Ballistic Composites Market Outlook, By Polymer-Ceramic (2020-2028) ($MN)
70 Asia Pacific Ballistic Composites Market Outlook, By Metal Matrix (2020-2028) ($MN)
71 Asia Pacific Ballistic Composites Market Outlook, By Polymer Matrix Composites (2020-2028) ($MN)
72 Asia Pacific Ballistic Composites Market Outlook, By Fiber Type (2020-2028) ($MN)
73 Asia Pacific Ballistic Composites Market Outlook, By Aramid Fibres (2020-2028) ($MN)
74 Asia Pacific Ballistic Composites Market Outlook, By Ultra-High-Molecular Polyethylene (UHMPE) (2020-2028) ($MN)
75 Asia Pacific Ballistic Composites Market Outlook, By Glass (2020-2028) ($MN)
76 Asia Pacific Ballistic Composites Market Outlook, By Other Fiber Types (2020-2028) ($MN)
77 Asia Pacific Ballistic Composites Market Outlook, By Platform (2020-2028) ($MN)
78 Asia Pacific Ballistic Composites Market Outlook, By Land (2020-2028) ($MN)
79 Asia Pacific Ballistic Composites Market Outlook, By Marine (2020-2028) ($MN)
80 Asia Pacific Ballistic Composites Market Outlook, By Airborne (2020-2028) ($MN)
81 Asia Pacific Ballistic Composites Market Outlook, By Application (2020-2028) ($MN)
82 Asia Pacific Ballistic Composites Market Outlook, By Vehicle Armour (2020-2028) ($MN)
83 Asia Pacific Ballistic Composites Market Outlook, By Body Armour (2020-2028) ($MN)
84 Asia Pacific Ballistic Composites Market Outlook, By Helmets & Face Protection (2020-2028) ($MN)
85 Asia Pacific Ballistic Composites Market Outlook, By Medical Devices (2020-2028) ($MN)
86 Asia Pacific Ballistic Composites Market Outlook, By Military & Defence (2020-2028) ($MN)
87 Asia Pacific Ballistic Composites Market Outlook, By Consumer Electronics (2020-2028) ($MN)
88 Asia Pacific Ballistic Composites Market Outlook, By Other Applications (2020-2028) ($MN)
89 South America Ballistic Composites Market Outlook, By Country (2020-2028) ($MN)
90 South America Ballistic Composites Market Outlook, By Product Type (2020-2028) ($MN)
91 South America Ballistic Composites Market Outlook, By Polymer-Ceramic (2020-2028) ($MN)
92 South America Ballistic Composites Market Outlook, By Metal Matrix (2020-2028) ($MN)
93 South America Ballistic Composites Market Outlook, By Polymer Matrix Composites (2020-2028) ($MN)
94 South America Ballistic Composites Market Outlook, By Fiber Type (2020-2028) ($MN)
95 South America Ballistic Composites Market Outlook, By Aramid Fibres (2020-2028) ($MN)
96 South America Ballistic Composites Market Outlook, By Ultra-High-Molecular Polyethylene (UHMPE) (2020-2028) ($MN)
97 South America Ballistic Composites Market Outlook, By Glass (2020-2028) ($MN)
98 South America Ballistic Composites Market Outlook, By Other Fiber Types (2020-2028) ($MN)
99 South America Ballistic Composites Market Outlook, By Platform (2020-2028) ($MN)
100 South America Ballistic Composites Market Outlook, By Land (2020-2028) ($MN)
101 South America Ballistic Composites Market Outlook, By Marine (2020-2028) ($MN)
102 South America Ballistic Composites Market Outlook, By Airborne (2020-2028) ($MN)
103 South America Ballistic Composites Market Outlook, By Application (2020-2028) ($MN)
104 South America Ballistic Composites Market Outlook, By Vehicle Armour (2020-2028) ($MN)
105 South America Ballistic Composites Market Outlook, By Body Armour (2020-2028) ($MN)
106 South America Ballistic Composites Market Outlook, By Helmets & Face Protection (2020-2028) ($MN)
107 South America Ballistic Composites Market Outlook, By Medical Devices (2020-2028) ($MN)
108 South America Ballistic Composites Market Outlook, By Military & Defence (2020-2028) ($MN)
109 South America Ballistic Composites Market Outlook, By Consumer Electronics (2020-2028) ($MN)
110 South America Ballistic Composites Market Outlook, By Other Applications (2020-2028) ($MN)
111 Middle East & Africa Ballistic Composites Market Outlook, By Country (2020-2028) ($MN)
112 Middle East & Africa Ballistic Composites Market Outlook, By Product Type (2020-2028) ($MN)
113 Middle East & Africa Ballistic Composites Market Outlook, By Polymer-Ceramic (2020-2028) ($MN)
114 Middle East & Africa Ballistic Composites Market Outlook, By Metal Matrix (2020-2028) ($MN)
115 Middle East & Africa Ballistic Composites Market Outlook, By Polymer Matrix Composites (2020-2028) ($MN)
116 Middle East & Africa Ballistic Composites Market Outlook, By Fiber Type (2020-2028) ($MN)
117 Middle East & Africa Ballistic Composites Market Outlook, By Aramid Fibres (2020-2028) ($MN)
118 Middle East & Africa Ballistic Composites Market Outlook, By Ultra-High-Molecular Polyethylene (UHMPE) (2020-2028) ($MN)
119 Middle East & Africa Ballistic Composites Market Outlook, By Glass (2020-2028) ($MN)
120 Middle East & Africa Ballistic Composites Market Outlook, By Other Fiber Types (2020-2028) ($MN)
121 Middle East & Africa Ballistic Composites Market Outlook, By Platform (2020-2028) ($MN)
122 Middle East & Africa Ballistic Composites Market Outlook, By Land (2020-2028) ($MN)
123 Middle East & Africa Ballistic Composites Market Outlook, By Marine (2020-2028) ($MN)
124 Middle East & Africa Ballistic Composites Market Outlook, By Airborne (2020-2028) ($MN)
125 Middle East & Africa Ballistic Composites Market Outlook, By Application (2020-2028) ($MN)
126 Middle East & Africa Ballistic Composites Market Outlook, By Vehicle Armour (2020-2028) ($MN)
127 Middle East & Africa Ballistic Composites Market Outlook, By Body Armour (2020-2028) ($MN)
128 Middle East & Africa Ballistic Composites Market Outlook, By Helmets & Face Protection (2020-2028) ($MN)
129 Middle East & Africa Ballistic Composites Market Outlook, By Medical Devices (2020-2028) ($MN)
130 Middle East & Africa Ballistic Composites Market Outlook, By Military & Defence (2020-2028) ($MN)
131 Middle East & Africa Ballistic Composites Market Outlook, By Consumer Electronics (2020-2028) ($MN)
132 Middle East & Africa Ballistic Composites Market Outlook, By Other Applications (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
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