Ballistic Protection Market: Global Industry Analysis and Forecast (2023-2029)

Ballistic Protection Market was valued US$ 11.34 Bn in 2022 and is expected to reach 15.36 Bn by 2029, at a CAGR of 4.42% during a forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report
Ballistic Protection Market Dynamics
Ballistic protection materials are used to manufacture several protective types of equipment which includes helmets, body armours and armours for vehicles, etc.

Growing incidents of terrorism and Naxalite movements across the globe is one of the key drivers in the global ballistic protection market. Ballistic protection includes defense equipment which is used by the soldier to protect themselves against the bullets, which may be launched from a firearm or an explosive device. The most generally used forms of ballistic protection are the bulletproof vest and bulletproof vehicles. The requirement for ballistic protection has been growing across the globe with the increase in the threat of domestic and cross-border terrorism.

On the other hand, strict regulations against volatile organic compounds emission across different industries, enforced by different international and national regulatory bodies are some of the restraint factors behind the growth of global ballistic protection market.
Ballistic Protection Market Segment Analysis
Based on the material, aramid fiber segment is expected to witness significant growth during forecast period. Aramid fibers are synthetic high-performance fibers with molecules, which are characterized by rigid polymer chains. Aramid fibers offer features like good resistance to organic solvents, low flammability, high strength, and non-conductivity, resistance to abrasion, no melting point, and good fabric integrity at high temperatures. Growing demand for personal protective equipment in the U.S. is expected to propel global ballistic protection market growth.

The defense sector is projected to lead the global ballistic securities market. Growing national conflicts across the globe are expected to increase demand for the defense sector. The soft armor is the most preferred type of ballistic protection equipment. With growing soft armor demand, key companies are opting for new and light materials to control the challenges of the ballistic protection market. Furthermore, vehicular armors also considerably contribute to the ballistic protection market. It has an excellent capability to withstand high piercing ballistic impact.
Ballistic Protection Market Regional Insights
North America is expected to hold significant growth during forecast period. The growth in the market can be attributed to the active involvement of the U.S. military in Middle Eastern conflicts and increasing threats from terrorism. Rising internal and external security threats and increasing demand for ballistic protection from army personnel, homeland security, and commercial sectors are some of the factors behind the growth in this region. Growing pressure on the U.S. government to endure itself as a military superpower is also estimated to drive the regional ballistic protection market. Furthermore, Asia Pacific is expected to witness substantial growth owing to the hostile political relations in South Asian countries like China, India, Pakistan, and Bangladesh. Growing military spending by China and India as part of their geopolitical strategies is projected to further complement regional growth.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments and, project the global ballistic protection market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global ballistic protection market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Ballistic Protection Market, Key Highlights:
Global Ballistic Protection Market analysis and forecast, in terms of value.

Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Ballistic Protection Market

Global Ballistic Protection Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

Global Ballistic Protection Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

Global Ballistic Protection Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Ballistic Protection Market are also profiled.
Ballistic Protection Market Scope: Inquire before buying



Ballistic Protection Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 11.34 Bn.


Forecast Period 2023 to 2029 CAGR:
4.42%
Market Size in 2029:
US $ 15.36 Bn.


 Segments Covered:
by Product
Personal Protective Equipment (PPE)
Soft Armor
Hard Armor
Protective Headgear
Vehicle Armor


by Technology Type
Soft Armor
Hard Armor


by Application
Homeland Security
Defense
Commercial


by Material
Aramid Fiber
Fiber
Glass
Kevlar
Lexan
Other



Ballistic Protection Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Ballistic Protection Market, Key players are:
1. Honeywell International Inc.
2. FY-Composites Oy
3. BAE Systems
4. Koninklijke Ten Cate NV.
5. DuPont
6. Morgan Advanced Materials plc.
7. ArmorSource LLC
8. Ceradyne, Inc.
9. Rheinmetall AG
10.Teijin Limited
11.E.L. Du pont DE Nemours & Co
12.Point Blank Enterprises
13.3M Company
14.Australian Defence Apparel Pty Ltd.
15.Survitec Group Limited
16.Armorworks Enterprises, LLC.
17.MKU Limited
18.Craig International Ballistics Pty Ltd.
19.Saab AB
20.Elmon

Frequently Asked Questions:

1. Which region has the largest share in Global Ballistic Protection Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Ballistic Protection Market?
Ans: The Global Ballistic Protection Market is growing at a CAGR of 4.42% during forecasting period 2023-2029.

3. What is scope of the Global Ballistic Protection market report?
Ans: Global Ballistic Protection Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Ballistic Protection market?
Ans: The important key players in the Global Ballistic Protection Market are – Honeywell International Inc., FY-Composites Oy, BAE Systems, Koninklijke Ten Cate NV., DuPont, Morgan Advanced Materials plc., ArmorSource LLC, Ceradyne, Inc., Rheinmetall AG, Teijin Limited, E.L. Du pont DE Nemours & Co, Point Blank Enterprises, 3M Company, Australian Defence Apparel Pty Ltd., Survitec Group Limited, Armorworks Enterprises, LLC., MKU Limited, Craig International Ballistics Pty Ltd., Saab AB, and Elmon.

5. What is the study period of this market?
Ans: The Global Ballistic Protection Market is studied from 2022 to 2029.