Key Ballistic Protection Market Players, Industry Analysis, Growth Rate and Forecast to 2030

Ballistic protection products serve the purpose of protecting homeland security & law enforcement forces, army vehicles, and soldiers from bullets, explosive materials, mortar, mines, electrical shocks, heat, chemicals, and biohazards.

Market Overview:

Global Ballistic Protection Market is projected to be valued at USD 19.560 Billion by 2026, registering a CAGR of 6.31from 2020 to 2030. Rapidly increasing geopolitical tension and incidences of external internal threats have significantly contributed to the expansion of the ballistic protection market. Furthermore, increasing investments made by the US Army in ballistic protection equipment to offer enhanced safety to army personnel is expected to drive the growth of the market. For example, in March 2018, the US Army signed a contract with Ceradyne, Inc., a subsidiary of 3M, to procure ballistic helmets.

However, issues related to heavy equipment weight affecting the mobility of security forces and high development costs are expected to hinder the growth of the market.

Segmental Analysis:

The Global Key Ballistic Protection Market Players is segmented into By Platform, By Technology, By Application, By Material, By Region.

By Platform: Global Ballistic Protection Market is segmented into Land, Airborne, Marine.

By Technology:Global Ballistic Protection Market is segmented into Soft Armor, Herd Armor.

By Application: Global Ballistic Protection Market is segmented into Defense, Homeland Security .

By Material: Global Ballistic Protection Market is segmented into Aramid , Glass Fiber, Composites, Ceramic, Metals Alloys , Fabric.

By Region: Global Ballistic Protection Market is segmented into North America , Europe, Asia-Pacific , Middle East, Rest of the World.

Market USP

Advancements in technology and the growing use of advanced materials for manufacturing ballistic protection equipment is projected to propel the growth of the segment.

Growth Opportunities in the Market

The Airborne Segment to Register the Highest Growth Rate:The airborne segment is projected to register the highest CAGR during the forecast period. It includes fixed-wing aircraft helicopters and unmanned aerial vehicles (UAV). The increasing adoption of UAVs in battlefield operations is expected to drive the growth of the segment.

The Soft Armor Segment Dominated the Market in 2019: The soft armor segment dominated the market in 2019. The increasing demand for various lightweight equipment by the military and various security sectors is expected to drive the growth of the segment. On exposure to higher impacts, the high modulus of elasticity of the soft armor allows the energy generated through impact to dissipate over as large an area as possible, which is expected to drive the growth of the segment.

The Homeland Security Segment Expected to Register the Higher CAGR:The homeland security segment is projected to grow at the higher CAGR during the forecast period. Increasing instances of terrorism across the globe and rising territorial conflicts are driving the growth of this segment.

The Composites Segment Dominated the Market in 2019: Composites offer benefits such as high strength-to-weight ratio and rigidity. Moreover, composite materials offer advantages such as corrosion resistance and excellent fatigue. Additionally, the growing use of composites for manufacturing aerospace components is also expected to drive the growth of the segment.

Key Players:

Some of the Key Players of Ballistic Protection Market are BAE Systems (UK),3M (US), Rheinmetall AG (Germany), Koninklijke Ten Cate bv (Netherlands),FMS Enterprises Migun LTD. (Israel),Point Blank Enterprises, Inc. (US),DuPont (US), ADA (Australia), Survitec Group Limited (UK), ArmorWorks (US).

Other Prominent Players:

Revision Military (US), ArmorSource, LLC (US),Southern States, LLC (US),Craig International Ballistics Pty Ltd. (Australia),Teijin Limited (Japan),Saab AB (Sweden),MKU Limited (India),Morgan Advanced Materials plc (UK),ELMON (Greece),Honeywell International, Inc. (US),Permali (UK)

Related Reports:

Voyage Data Recorder (VDR) Market Research Report Information by Type (General Voyage Data Recorder and Simplified Voyage Data Recorder), Application (Cargo Ship, Naval Ship and Passenger Ship) and Region (North America, Europe, Asia-Pacific, Middle East Africa and Latin America) - Forecast till 2030

Aircraft Turbofan Engine Market Research Report Information By Turbofan Engine (PW1000, F414, V2500, PW4000, CFM56, CFM LeapX, GP7000, GEnx, Trent 1000, and F135), By Aircraft Type (Wide body, Narrow body, and Others), By Application (Military Aviation and Commercial Air transport), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis with respect to various markets and consumers worldwide. Market Research Future has the distinguished goal of providing customers with optimal quality research and granular research. Our market research by products, services, technologies, applications, end users, and market players for global, regional, and national market segments, allows our customers to see more, learn more, and do more, helping to answer your most important questions

Contact:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor, New York, New York 10013,

United States of America

+1 646 845 9312

Email: sales@marketresearchfuture.com


Vedika Ved

641 Blog Postagens

Comentários