Ballistic Protection Materials & Equipment Market 2020 | Top Key Players - Teijin Limited, DuPont, Honeywell International Inc., Armorsource Llc, Texas Armoring Corp

The global demand for ballistic protection materials and equipment market is influenced by the growing awareness across governments regarding active as well as passive safety measures against terrorist groups, along with increasing defense spending. In a bid to tackle growing terrorism and cross-border conflicts, military powers across the globe are enhancing their defense budgets and investing in protective equipment to safeguard their personnel.

Different types of materials used in ballistic protection are composites, carbon fiber, aramid, fiber & thermoplastic, glass, carbon fiber composites, metal, ceramic, wool and jute. These materials are majorly used in manufacturing of various types of protection equipment that include ballistic panels, helmets, protective vests, jackets, gloves & shoes and shields.

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Increasing Naxalite movements in countries like India as well as the higher incidence of terrorism has prompted governments to invest in ballistic protection solutions. Growing internal tensions, and cross-border threats have also stimulated the decision makers of different countries to augment their defense budgets. The rising trend of providing ballistic protection measures to security forces and the citizen by the government is likely to favor business growth.

Enhanced defense budget of North America

Ballistic protection materials and equipment find a vast range of application in homeland security, defense & law enforcement, commercial field, public facilities, and others in North America. Defense and law enforcement application constitutes the largest revenue share of ballistic protection materials and equipment industry and is likely to grow at 5% over the analysis period.

North America holds the major share of global ballistic protection materials & equipment production and demand, on account of high regional awareness regarding safety of the citizens and security forces, along with expansive defense budgets proposed by the U.S. government. In 2018, North America contributed a revenue of over USD 600 million to the global ballistic protection market and will exhibit a CAGR of around 4.5.% through 2025.

Key Point of TOC:

Chapter 8. Company Profiles

8.1. Teijin Limited
8.1.1. Business overview
8.1.2. Financial data
8.1.3. Product landscape
8.1.4. Strategic outlook
8.1.5. SWOT analysis

8.2. DuPont
8.2.1. Business overview
8.2.2. Financial data
8.2.3. Product landscape
8.2.4. Strategic outlook
8.2.5. SWOT analysis

8.3. Honeywell International Inc.
8.3.1. Business overview
8.3.2. Financial data
8.3.3. Product landscape
8.3.4. Strategic outlook
8.3.5. SWOT analysis
Continue...

Major investments by industry players

Major developers and providers of ballistic protection materials & equipment are focused on increasing the production capacity in a bid to cater to the rising demand from the defense sector. For instance, in 2017, DuPont had confirmed an investment of around USD 500 million to increase its production capacity of Kevlar, that is majorly used in military body armor.

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Regulation on VOC

Stringent regulations against VOC (volatile organic compound) emission across various industries imposed by national and international regulatory bodies may negatively impact the adoption of ballistic protection materials & equipment market over the coming years. VOC risks arise out of the chemicals used for the production of different materials or components, as well as across the overall manufacturing process.

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