Ballistic Protection Market Expected to Achieve 5.7% CAGR by 2029: Growth Forecast Insights

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How Large Will the Ballistic Protection Market Size By 2025?
In recent times, the ballistic protection market has witnessed a significant expansion. It is projected to grow from $13.99 billion in 2024 to $14.83 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. The surge seen in the historic period can be attributed to factors such as the modernization of the military, global conflicts and terrorism, an increase in the expenditure for law enforcement, and an emphasis on soldier survivability.

How Big Is the Ballistic Protection Market Size Expected to Grow by 2029?
In the coming years, a substantial expansion is anticipated in the ballistic protection market, with its value expected to reach $18.47 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 5.7%. The surge in the market during the forecast period can be attributed to several factors including the increasing threats posed by asymmetric warfare, preparedness for urban warfare, emphasis on comfort and mobility, incorporation of cybersecurity, and commercial applications. The forecast period will likely see several trends such as the integration of technology, advancements in material technology, development of smart textiles and wearable technology, implementation of energy-absorbing technologies, and considerable research and development in the field of nanotechnology.

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Which Key Market Drivers Powering Ballistic Protection Market Expansion and Growth?
The surge in terrorist activities is projected to fuel the growth of the ballistic protection market. These activities encompass acts or threats aimed at furthering political, religious, or ideological objectives or intimidating or pressuring governments through fear. Ballistic protection aids in the safe and secure detainment of a suspect and offers safeguarding against terrorist activities, hence, the increase in such activities bolsters market expansion. As an example, the Global Terrorism Index 2023, produced by the Institute for Economics & Peace, an Australia-based research and scholarly institution, revealed that in 2022, terrorist assaults caused an average of 1.7 deaths per case, an increase from 1.3 fatalities per case in 2021, underscoring the heightened lethality of these attacks. Consequently, the escalating terrorist activities are propelling the ballistic protection market.

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Which Fast-Growing Trends Are Poised to Disrupt the Ballistic Protection Market?
Leading organizations in the ballistic protection market are innovating new products like Kevlar EXO to fulfill the growing need for high-grade protection gear. Kevlar EXO is a cutting-edge aramid fiber bringing an unequaled mix of defense, reduced weight, and adaptability. For example, DuPont de Nemours, Inc., a chemical company based in the US, introduced Kevlar EXO in April 2023. It's designed to offer supreme flexibility and comfort, enhancing the convenience for users wearing body armor vests made from this fiber. Kevlar EXO has the top ballistic performance among all aramid fibers, paving the way for the lightest, highest quality soft armor solutions in ballistics.

What Are the Emerging Segments in the Ballistic Protection Market?
The ballistic protection market covered in this report is segmented -

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

Subsegments:
1) By Personal Protection Equipment: Body Armor, Helmets, Shields, Protective Clothing
2) By Vehicle Protection Equipment: Armored Vehicles, Ballistic Glass, Blast-Resistant Materials, Armor Kits

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Who Are the Global Leaders in the Ballistic Protection Market?
Major companies operating in the ballistic protection market include 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, MKU Limited, GENTEX Corporation, Tencate Advanced Armor, Ceradyne Inc., Craig International Ballistics Pty Ltd, EnGarde Body Armor, Safariland LLC, Blackhawk Industries Inc., Armor Express, Ballistic Body Armor Pty Ltd, BBI Detection, C.P.E. Production Oy, CQC Limited, DMS Group, Eagle Industries SAS, Hellweg International, HighCom Security Inc., International Armored Group

Which are the Top Profitable Regional Markets for the Ballistic Protection Industry?
North America was the largest region in the ballistic protection market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global ballistic protection market report during the forecast period. The regions covered in the ballistic protection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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