Press release
Ballistic Protection Market: Projected Evolution, Key Players, and Emerging Trends (2025-2029)
Ballistic Protection Market Size
What Is The Projected Market Size Of The Global Ballistic Protection Market And Its Growth Rate?
• Market size in 2024: $13.99 billion
• Expected market size in 2025: $14.83 billion (6.0% CAGR)
• Estimated market size in 2029: $18.47 billion (5.7% CAGR)
Growth drivers include military modernization programs, global conflict and terrorism, rise in law enforcement spending, and focus on soldier survivability. Advanced threats, urban warfare readiness, focus on comfort and mobility, cybersecurity integration, and commercial applications will spur growth in the forecast period.
What Is Driving The Growth In The Ballistic Protection Market?
The rise in terrorist activities propels the growth in the ballistic protection market. Since ballistic protection technologies provide security against such activities, the market sees a strong impetus. The Global Terrorism Index 2023 confirmed in March 2023 that fatalities from terrorist attacks reached an average of 1.7 per incident in 2022, up from 1.3 in 2021, indicating the growing severity of attacks and thus the necessity for ballistic protection solutions.
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Who Are the Key Players Driving Ballistic Protection Market Growth?
• Avon Protection plc.
• BAE Systems plc
• DuPont de Nemours Inc.
• Honeywell International Inc.
• Point Blank Enterprises Inc.
• Rheinmetall AG,
• Saab AB
• Koninklijke Ten Cate BV
• Teijin Limited
• Survitec Group Limited
• ArmorWorks Enterprises LLC
• Revision Military Inc.
• ArmorSource LLC
• Southern States LLC
and many more, who continue to drive the market growth with their innovations and offerings.
What Are The Key Trends In The Ballistic Protection Market?
• Technological integration
• Technological advancements in materials
• Material advancements
• Development of smart textiles and wearables
• Integration of energy-absorbing technologies
• R&D in nanotechnology
What Are The Segments Of The Global Ballistic Protection Market?
• By Product Type: Personal Protection Equipment, Vehicle Protection Equipment
• By Material: Aramid, Carbon Fiber Composites, Glass Fiber And Thermoplastic, Ceramic, Other Materials
• By Platform: Land, Airborne, Marine
• By Application: Defense, Homeland Security, Commercial, Other Applications
Which Region Leads The Ballistic Protection Market?
North America was the largest region in the ballistic protection market in 2024. Asia-Pacific, however, is expected to be the fastest-growing region during the forecast period. The ballistic protection market report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Ballistic Protection Market Global Market Report?
- Market Size Analysis: Analyze the Ballistic Protection Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Ballistic Protection Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Ballistic Protection Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Ballistic Protection Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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