Press release
Ballistic Protection Market to Reach USD 16.81 Billion by 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/176/ballistic-protection-market.html#form
Market Statistics
• Market size (2022): USD 12.8 Billion
• Forecast value (2028): USD 16.81 Billion
• CAGR (2023-2028): 4.6%
• Forecast period: 2023-2028
• Base year: 2022
• Total number of segments: 4
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Product Type
• Personal Protective Equipment
- Soft Armor
- Hard Armor
- Protective Headgear
• Vehicle Armor
By Material Type
• Aramid Fiber
• Glass Fiber
• Glass
• Lexan
By Application Type
• Defense
• Homeland Security
• Commercial
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
In product type, personal protective equipment (PPE) dominates the market, with soft armor identified as the fastest-growing sub-segment due to increasing adoption by defense and law enforcement agencies that prioritize lightweight, comfortable solutions for soldier mobility and extended wear. This trend encourages manufacturers to innovate in ergonomic and high-strength materials to secure more contracts.
For material type, aramid fiber holds the largest share given its extensive use in ballistic vests, helmets, and armored gear due to superior strength-to-weight characteristics; companies focusing on aramid fiber supply and performance enhancements can strengthen their market positioning.
Within application type, the defense sector is the dominant category, driven by national initiatives to modernize military equipment and protect personnel on active fronts, which compels suppliers to align production capacity with long-term defense procurement cycles.
Regional Insights
North America remains the dominant market for ballistic protection owing to significant defense budgets, high military engagement abroad, and proactive homeland security measures that sustain demand for advanced protective equipment. This dominance creates a favorable environment for established defense contractors to secure long-term government contracts.
Asia-Pacific is poised to be the fastest-growing region over the forecast period as China and India increasingly invest in defense modernization and enhance their ballistic protection capabilities in response to regional security dynamics, offering attractive opportunities for international suppliers seeking market expansion.
Market Drivers
• Rising government spending on defense modernization to enhance troop and vehicle safety.
• Escalating geopolitical tensions and cross-border conflicts increasing procurement of ballistic protective systems.
• Growing threats from terrorism and extremist activities prompting upgrades in protective gear.
• Demand from homeland security agencies for enhanced protection solutions.
• Advancements in lightweight materials such as aramid fibers and Lexan increasing product performance.
Competitive Landscape
Top Companies in the Market
• BAE Systems
• E.I. DuPont De Nemours
• Honeywell International
• Royal TenCate NV
• Teijin Aramid
FAQs
1.What will be the size of the ballistic protection market by 2028?
The ballistic protection market is projected to reach USD 16.81 billion by 2028.
2.How fast is the ballistic protection market growing?
The market is expected to grow at a CAGR of 4.6% during 2023-2028.
3.Which product type segment is expanding the fastest?
Soft armor within personal protective equipment is forecast to grow the fastest due to demand for lightweight, comfortable gear.
4.Which material type is most used in ballistic protection products?
Aramid fiber remains the most widely used material type because of its high strength-to-weight advantages.
5.Why is Asia-Pacific expected to grow rapidly in this market?
Asia-Pacific's growth is driven by increasing defense spending and modernization efforts in countries like China and India.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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