Ballistic Protection Industry Growth Outlook: 5.5% CAGR and $18.3 Billion by 2029

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What Is the Long-Term Growth Forecast for the Ballistic Protection Market Size 2025?
In recent years, the size of the ballistic protection market has significantly expanded. The market, which is projected to inflate from a value of $13.99 billion in 2024 to $14.74 billion in 2025, will do so at a compound annual growth rate (CAGR) of 5.4%. This growth experienced in the historical period can be credited to factors such as global conflicts and terrorism, military modernization schemes, increased law enforcement expenditure, and an emphasis on the survival of soldiers.

What CAGR is Forecasted for the Ballistic Protection Market Through 2029?
In the upcoming years, the ballistic protection market size is anticipated to witness substantial growth, reaching $18.3 billion in 2029 with a compound annual growth rate (CAGR) of 5.5%. The increase during the forecast period is due to factors such as the increasing risks from asymmetric warfare, readiness for urban warfare, emphasis on comfort and mobility, incorporation of cybersecurity, and commercial uses. The forecast period will see major trends such as the fusion of technology, advancements in material technology, progression in materials, the emergence of smart textiles and wearables, the incorporation of energy-absorbing technologies, and research and development in nanotechnology.

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What Are the Critical Factors Driving Ballistic Protection Market Development?
The escalation of terrorist acts is projected to drive the ballistic protection market forward. These acts of terrorism, which involve actions or threats intended to further political, religious, or ideological purposes or to manipulate or intimidate the government through threats or coercion, necessitate ballistic protection. This kind of protection aids in the safe and secure detainment of a suspect and offers a shield against terrorist activities, thereby fuelling market augmentation. To exemplify, the Global Terrorism Index 2023, produced by the Institute for Economics & Peace, an Australian research and education think-tank, noted in March 2023 that in 2022, terrorist assaults resulted in a mean of 1.7 fatalities per incident, an increase from 1.3 deaths per occurrence in 2021. This signifies an uptick in the lethal nature of these incursions, and thus, the heightened terrorist activities are fuelling the ballistic protection market's expansion.

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How Does the Ballistic Protection Market Break Down Across Major Segments?
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

What Are the Major Trends Transforming the Ballistic Protection Industry?
Leading entities within the ballistic protection market are investing in the creation of novel goods, such as Kevlar EXO, to fulfill the growing need for superior protective gear. Kevlar EXO, a cutting-edge aramid fiber, provides an unparalleled blend of safety, lightness, and adaptability. For example, in April 2023, Kevlar EXO was introduced by US chemical firm DuPont de Nemours, Inc. Its aim is to deliver optimal flexibility and comfort, improving the wearability of body armor vests made from it. Kevlar EXO outranks other aramid fibers in ballistic performance, meaning it can be used to create the lightest, highest-ranking soft armor solutions.

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Which Players Are Driving Innovation 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 Regions Are Driving Global Ballistic Protection Market Expansion?
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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