Press release
Ballistic Protection Market Size 2023: Global Industry Analysis, Segments, Drivers And Trends To 2032
Ballistic Protection Market
Ballistic Protection Market Size, Growth Rate, And Forecast
The global ballistic protection market size is expected to grow from $12.60 billion in 2022 to $13.43 billion in 2023 at a compound annual growth rate (CAGR) of 6.60%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every market across the globe. The global ballistic protection market size is expected to reach $16.79 billion in 2027 at a CAGR of 5.75%.
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Ballistic Protection Market Drivers
Increasing terrorist activities are expected to propel the ballistic protection market going forward. Terrorist activities refer to actions taken or threats made with the purpose to advance a political, religious, or ideological cause or to coerce or influence the government through threats or intimidation. Ballistic protection allows one to safely and securely apprehend a suspect and provides protection from terrorist activities, so the rise in terrorist activities propels the market growth.
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Ballistic Protection Market Segments
1) By Product Type: Personal Protection Equipment, Vehicle Protection Equipment
2) By Material: Aramid, Carbon Fiber Composites, Glass Fiber And Thermoplastic, Ceramic, Other Materials
3) By Platform: Land, Airborne, Marine
4) By Application: Defense, Homeland Security, Commercial, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Ballistic Protection Market.
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Ballistic Protection Market Key Players
Major competitors in the Ballistic Protection Market include Avon Protection, BAE Systems, DuPont, Honeywell International Inc., Point Blank Enterprises Inc., Rheinmetall AG, SAAB AB, Koninklijke Ten Cate BV, Teijin Limited, Survitec Group Limited., ArmorWorks, Revision Military, ArmorSource LLC, and Southern States LLC, MKU Limited
The Business Research Company's "Global Ballistic Protection Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Ballistic Protection Market Include:
1. Executive Summarya
2. Ballistic Protection Market Characteristics
3. Ballistic Protection Market Trends And Strategies
4. Ballistic Protection Market - Macro Economic Scenario
5. Ballistic Protection Market Size And Growth
......
26. Africa Ballistic Protection Market
27. Ballistic Protection Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ballistic Protection Market
29. Ballistic Protection Market Future Outlook and Potential Analysis
30. Appendix
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