Ballistic Protection Market Sees Significant Increase in Demand at USD 21.86 billion by 2029 in the Defense Sector

Exactitude Consultancy Market Research analyses that the Ballistic Protection Market will witness a CAGR of 6.31% for the forecast period of 2023-2029 and is likely USD 14.25 billion in 2022 to reach at USD 21.86 billion by 2029.

Ballistic protection is a technique that helps to defend against bullets and missiles of varied sizes, shapes, and impact velocities for both people and vehicles. General security workers, soldiers, police officers, marine ships, military aircraft, and aerial vehicles typically need this protection. Ballistic protective equipment comes in a variety of forms and is used for both penetrating and non-penetrating strikes. Personal protection gear is designed to stop sensitive missiles like fragments or bullets and to protect against "bounce" effects from falls and missiles like barriers or bricks that are thrown at head height.

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Ballistic Protection Market Dynamics

✦ Drivers

Growing demand for aramid widens the market scope

The increasing demand for aramid due to their characteristics such as flexibility, strong resistance, and less weight is expected to drive the growth ballistic protection market. Aramid is perfect for the security and safety of boundary troops as a shooting protective material. The most popular products of aramid are Twaron, Kevlar, and Nomex. These materials are used in the manufacture of helmets, vehicle armors, body armor, and tactical vests.

Rising awareness towards the protection and safety of armed forces

Rising awareness among governments to improve active and passive safety measures to withstand the terror attacks and protect their paramilitary forces, military and citizens is expected to propel the market growth. Significant measures towards reducing the weight of ballistic protection equipment is also a major factor which boosting driving the market globally. Also, the enhanced priority of nations towards national security and safety is leading to an increase in demand for the ballistic protection equipment and boosts the market growth.

✦ Opportunities

Rising demand for ballistic protection in the defense sector

The Increasing demand for ballistic protection in the defense sector is likely to create lucrative opportunities for market growth because of rising defense spending and increasing national conflicts. Several ballistic protection equipment such as helmet, shield, gloves, protective vest and jacket, and shoes are used to protect against chemical explosion in defense which eventually increase the demand of the market.

✦ Restraints/ Challenge

Strict regulations associated with ballistic protection

Strict regulations against volatile organic compounds emission during the production of ballistic protection based equipment across different industries, enforced by different national and international regulatory bodies, are the major factor hamper the market growth during the forecast period.

High cost associated with ballistic protection

Ballistic protection equipment involves high cost in the manufacturing process, expensive raw materials used to make and market armor, and the value it brings to the operator. All these factors, incease the overall of cost of the market.

Prominent Key players of the Ballistic Protection Market survey report:

Historical data available in the report elaborates on the development of the Ballistic Protection on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - Avon protection systems, BAE Systems plc, DuPont de Nemours, Inc., Gentex Corporation, Honeywell International Inc., Point Blank Enterprises, Inc., Rheinmetall AG, Saab AB, Survitec Group Limited, TenCate Advanced Armor USA, Inc.

Recent News

January 21, 2022: Point Blank Enterprises, the worldwide leader in the production of body armor and related protective solutions, showcased its expanded offering of cutting-edge ballistic systems, concealable and tactical body armor, and related accessory products at this week's Shooting, Hunting, Outdoor Trade Show (SHOT Show 2022) in the Sands Expo Convention Center in Las Vegas, Nevada.

February 23, 2023: Saab received an order for NLAW (Next Generation Light Anti-Tank Weapon) from the Finnish Defence Forces Logistics Command. The order value was approximately SEK 400 million with product deliveries planned for 2024.

Ballistic Protection Market Segmentation:

Ballistic Protection Market by Material, 2023-2029, (USD Billion), (Thousand Units)

Metal And Alloys

» Ceramics

» Composites

» Bulletproof Glass

» Fabric

Ballistic Protection Market by Platform, 2023-2029, (USD Billion), (Thousand Units)

» Land

» Airborne

» Marine

Ballistic Protection Market by Product, 2023-2029, (USD Billion), (Thousand Units)

» Personal Protective Equipment

» Ballistic Blocks

» Barrier Systems

» Hull And Body

» Weapon Station And Optronics

» Pilot Seat Protection

» Ballistic Floor

» Windows And Door

» Engine Protection

Ballistic Protection Market by Technology, 2023-2029, (USD Billion), (Thousand Units)

» Hard Armor

» Soft Armor

Ballistic Protection Market by Threat Level, 2023-2029, (USD Billion), (Thousand Units)

» Level II and Level III

» Level III and Level IIIA

» Level IV and Above

Ballistic Protection Market by Application, 2023-2029, (USD Billion), (Thousand Units)

» Homeland Security

» Commercial

» Defense

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Features of the Ballistic Protection Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global Ballistic Protection industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Ballistic Protection industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Ballistic Protection Market Research Report 2023-2029

1 Ballistic Protection Market Overview

1.1 Product Overview and Scope of Ballistic Protection

1.2 Ballistic Protection Segment by Type (Product Category)

1.3 Global Ballistic Protection market Segment by Application

1.4 Global Ballistic Protection Market by Region (2023-2029)

1.4.1 Global Ballistic Protection Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Ballistic Protection (2023-2029)

1.5.1 Global Ballistic Protection Revenue Status and Outlook (2023-2029)

1.5.2 Global Ballistic Protection Capacity, Production Status and Outlook (2023-2029)

…

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