Global Ballistic Protection Market, By Type (Vehicle Armor, Personal Protective Equipment), Material (Aramid Fiber, Fiber, Glass, Kevlar, Lexan, Other), Threat Level (Level II & Level IIA, Level III & Level IIIA, Level IV & Above), Technology (Hard Armor, Soft Armor), Application (Homeland Security, Commercial, Defense), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Ballistic Protection Market
Ballistic protection market is expected to reach USD 15.74 billion by 2027 and growing at a growth rate of 5.20% in the forecast period of 2020 to 2027. Ballistic protection market report analyses the growth, which is currently being growing due to the rising awareness regarding commercial security.
Ballistic protection offers protection against penetration of projectile with numerous velocities, shapes, and sizes. They are extensively used in applications such as security, homeland, defense, and commercial.
The increasing defence budget among developing economies, rising demand for technologically advanced equipment, growing research and development for making armor more lightweight are some of the factors expected to boost the growth of the ballistic protection market in the forecast period of 2020-2027. On the other hand, the increasing adoption of lightweight body armors will further create several opportunities that will led to the growth of the ballistic protection market in the above mentioned period.
However, the high cost of ballistic protection equipment is expected to restrain the growth of the ballistic protection market in the above mentioned period.
This ballistic protection market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on ballistic protection market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Ballistic Protection Market Scope and Market Size
Ballistic protection market is segmented on the basis of type, material, threat level, technology and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the ballistic protection market is segmented into vehicle armor and personal protective equipment. Personal protective equipment is further segmented into protective headgear, hard armor and soft armor.
- On the basis of material, the ballistic protection market is segmented into aramid fiber, fiber, glass, kevlar, lexan, and other.
- On the basis of threat level, the ballistic protection market is segmented into level II & level IIA, level III & level IIIA, and level IV & above.
- On the basis of technology, the ballistic protection market is segmented into hard armor and soft armor.
- On the basis of application, the ballistic protection market is segmented into homeland security, commercial, and defense.
Ballistic Protection Market Country Level Analysis
Ballistic protection market is analysed and market size, volume information is provided by country, type, material, threat level, technology and application as referenced above.
The countries covered in the ballistic protection market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the ballistic protection market because of the growing demand for armor for commercial vehicles in the region while Asia-Pacific is expected to grow in the forecast period of 2020-2027 due to the growing military budget.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ballistic Protection Market Share Analysis
Ballistic protection market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ballistic protection market.
The major players covered in the ballistic protection market report are BAE Systems, TEIJIN LIMITED, Honeywell International Inc, DuPont, Rheinmetall, Koninklijke Ten Cate B.V., Point Blank Enterprises, Inc, Morgan Advanced Materials, Survitec Group, Australian Defence Apparel Pty Ltd, Survitec Group, Saab AB, Revision Military, FMS Enterprises Migun Ltd., 3M and Craig International Ballistics Pty. Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.