Global Ballistic Protective Equipment Market, By Material (Aramid, Composites, UHMWPE, Steel, Others), Product (Head protection, Soft Armor, Hard Armor), Platform (Airborne, Marine, Land), Threat Level (Level II & Level IIA, Level III & Level IIIA and Level IV, above), Technology (Soft Armor, Hard Armor), Application (Defense, Commercial, Law Enforcement and Security, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Ballistic Protection equipment market is projected to register substantial growth during the forecast period due to some features such as instability and increasing political unrest as well as rising incidences of terrorism. Besides, rising domestic conflict is also anticipated to drive the growth of the ballistic protective equipment market. For instance, in December 2019, Leonardo SpA signed a contract to procure ballistic protection systems with Permali for the UK Royal Navy's new Commando Merlin Mk4 helicopters. Moreover, the rising adoption of ballistic protection equipment by the armed forces of developed countries such as the UK to deliver higher security to military personnel is also projected to drive the growth of the market.
Data Bridge Market Research analyses that the ballistic protective equipment market was valued at USD 13.26 billion in 2021 and is expected to reach USD 11.64 billion by 2029, registering a CAGR of 5.20 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Aramid, Composites, UHMWPE, Steel, Others), Product (Head protection, Soft Armor, Hard Armor), Platform (Airborne, Marine, Land), Threat Level (Level II & Level IIA, Level III & Level IIIA, Level IV, above), and Technology (Soft Armor, Hard Armor), Application (Defence, Commercial, Law Enforcement and Security, Others)
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Countries Covered
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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 and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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BAE Systems (UK), 3M (US), Rheinmetall AG (Germany), Ten Cate protective (Netherlands), FMS Enterprises Migun LTD. (Israel), Point Blank Enterprises, Inc. (US), DuPont (US), Ada (Canada), Survitec Group Limited (UK), ArmorWorks (US), Revision Military (US), ArmorSource, LLC (US), Southern States, llc (US), Craig International Ballistics Pty Ltd. (Australia), Teijin Limited (Japan), Saab (Sweden), MKU Limited (India), Morgan Advanced Materials (UK), ELMON (Greece), Honeywell International, Inc. (US), Permali Gloucester Ltd.UK)
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Market Opportunities
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Market Definition
Ballistic protective equipment is a kind of personal armor that offers to protect the wearer from projectile weapons, in which including different types of shrapnel and bullets. It is used to protect the person from ballistic threats. Ballistic protection may be necessary for law enforcement officers, military personnel, or civilians who are at threat of exposure to ballistic injury.
Ballistic Protective Equipment Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased terror activities
Cross border conflict and rising terrorist attacks have enforced military agencies to acquire ballistic equipment to confirm about safety of military personnel. For example, in 2019, the US government was awarded contact to Koninklijke TenCate which provides and develops enhanced small arms protection insert (ESAPI). ESAPI is a ceramic trauma plate which is used in bulletproof vests to protect from high velocity armor-piercing rounds. These investments in procurement of ballistic protection plates are anticipated to increase the growth of global ballistic protection market.
- Rise in adoption of light and composite material
Composite armors are lighter than metal ballistic protection armors. Composite ballistic protection armors are costly but stronger than other forms of ballistic protection armors. For example, US Army’s Aviation Applied Technology Directorate developed composite metal foam (CMF).With North Carolina State University, CMF is a highly porous metal with up to three times less, than steel plate armors and two times more weighs and heat resistance. Such R&D in the field of composite materials for ballistic protection will drive the global ballistic protection market.
- Growth to be influenced by government regulations
Government regulations and policies have re-instated for accountability in hazardous accidents and events at sites. This has forced to take initiatives by leading personal protective equipment and clothing as part of the industry norm and standard.
Opportunities
- Technology advancement
Technological advancements in ballistic protective equipment for manufacture of flexible, a light weight, and thin protective equipment. Further, rising advancements in raw materials for example, ultra-high molecular weight polyethylene (UHMWPE) in ballistic products is anticipated to increase the growth of the global ballistic protective equipment market.
- Rise in demand for light weight equipment
Increase the demand of light weight equipment due to which the manufacturers use better raw materials to reduce the weight of ballistic product along with innovation of breathable armor wear. This is anticipated to generate new opportunities for the industry participants for more investments.
Restraints/ Challenges
However, heavy weight and high price and associated with ballistic armors are a major factor projected to restrain the growth of the global market. Furthermore, high primary rate associated with manufacturing infrastructure is another aspect anticipated to obstruct the growth of the ballistic protective equipment market to some extent.
This ballistic protective equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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, geographic expansions, technological innovations in the market. To gain more info on the ballistic protective equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Ballistic Protective Equipment Market
The ballistic equipment producers are mandatory to close the production operations because the government-imposed lockdown to slow the spread of COVID-19. Military agencies are forced to delay the supply of product to control the COVID-19 outbreak. The R&D of materials for ballistic protection is unfavorably affected due to lack of international workforce because the government-imposed ban on the travel. Upgradation and Installation of ballistic protection equipment in commercial vehicles as well as military will be late due to delay in transportation of ballistic protection equipment from the manufacturers.
Global Ballistic Protective Equipment Market Scope
The ballistic protective equipment market is segmented on the basis of material, products, platform, threat level, technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Aramid
- Composites
- UHMWPE
- Steel
- Others
Product
- Head protection
- Soft Armor
- Hard Armor
Platform
- Airborne
- Marine
- Land
Threat Level
- Level II & Level IIA
- Level III & Level IIIA
- Level IV & above
Technology
- Soft Armor
- Hard Armor
Application
- Defence
- Commercial
- Law Enforcement
- Security
- Others
Ballistic Protective Equipment Market Regional Analysis/Insights
The ballistic protective equipment market is analysed and market size insights and trends are provided by country, material, products, platform, threat level, technology and application as referenced above.
The countries covered in the ballistic protective equipment market report are 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 and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
During the forecast period, North America dominates the ballistic protective equipment market in terms of revenue and market share. This is due to the increasing demand for ballistic protective equipment in this region. The North America region dominates the ballistic protective equipment market, Due to augmented external and internal threat attack during the last few years and capability to afford high price associated ballistic protective equipment.
During the projected period, Asia-Pacific is anticipated to be the fastest growing region due to the growing procurement of armored vehicles.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Protective Equipment Market Share Analysis
The ballistic protective equipment 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 protective equipment market.
Some of the major players operating in the ballistic protective equipment market are:
- BAE Systems (UK)
- 3M (US)
- Rheinmetall AG (Germany)
- Ten Cate protective (Netherlands)
- FMS Enterprises Migun LTD. (Israel)
- Point Blank Enterprises, Inc. (US)
- DuPont (US)
- Ada(Canada)
- Survitec Group Limited (UK)
- ArmorWorks (US)
- Revision Military (US)
- ArmorSource, LLC (US)
- Southern States, llc (US)
- Craig International Ballistics Pty Ltd. (Australia)
- Teijin Limited (Japan)
- Saab (Sweden)
- MKU Limited (India)
- Morgan Advanced Materials (UK)
- ELMON (Greece)
- Honeywell International, Inc. (US)
- Permali Gloucester Ltd.UK)
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