Ballistic Protection - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Ballistic Protection market is accounted for $12.60 billion in 2020 and is expected to reach $24.02 billion by 2028 growing at a CAGR of 8.4% during the forecast period. The need for lightweight, comfortable, and high-strength materials, rising demand for personal protection and increasing geopolitical tensions in emerging economies are the major factors driving the market growth. However, a stringent standard for ballistic composite products is restraining the market growth.
Ballistic protection provides protection against penetration of projectile with various velocities, shapes, and sizes. Generally, it is used by general security personnel, law enforcement personnel, and soldiers. A material that is used for making ballistic protection is selected on its ability to absorb energy as well as speed and efficiency of transferring that energy.
Based on application, the homeland security segment is estimated to have lucrative growth. Ballistic-resistant body armor is worn by homeland security officers while in the field to protect against specific ballistic threats. To ensure safety during any mission, homeland security officers use personal protective equipment; involve body vests, ballistic helmets, and gloves.. Homeland security officers combat systems used by are ballistic resistant as ceramics and thermoplastics reinforce them.
By geography, Asia Pacific is going to have high growth during forecast period, owing to the economic growth of countries in this region and increased defense spending in countries such as India, China, Japan, South Korea, and Australia. The governments of these countries and local industries are also joining-up with the contractors and supporting them through the procurement process by providing necessary financial and infrastructure aids. The increase in the number of insurgent groups entering the territories and using deadly explosives such as IEDs and bombs has further uplift requirement for ballistic protection systems.
Some of the key players profiled in the Ballistic Protection Market include BAE Systems, Craig International Ballistics Pty Ltd, Elmon, FMS Enterprises Migun Ltd, Koninklijke Ten Cate bv, MKU Limited, Permali Point Blank Enterprises Inc, Revision Military, Rheinmetall AG, Saab AB and Urvitec Group Limited Company.
Estimated Market Size in 2020:
USD 12.60 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 24.02 billion
Tables, Graphs& Figures
Labeling Technique, Product, Application, End User, Treatment Type, Type, Method, Sales Channel and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Personal Protective Equipment
• Ballistic Doors
• Weapon Stations & Optronics
• Ballistic Barrier Systems
• Ballistic Blocks
• Ballistic Containers & Portable Shelters
• Ballistic Floors
• Ballistic Windows
• Cockpit Ballistic Protection
• Engine Protection
• Fuel Drop Tanks & Ammunition Storage
• Hull & Body
• Pilot Seat Protection
• Ballistic Plate Panel
• Hard Armor
• Soft Armor
• Homeland Security and Law Enforcement
• Military & Defense
• Metals & Alloys
• Bulletproof Glass
• Poly-Ethylene (PE)
• Organic Cotton
• Synthetic Nylon & Polyester
Threat Levels Covered:
• Level II & Level IIA
• Level III & Level IIIA
• Level IV & Above
End Users Covered:
• Others End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years (2019, 2020, 2021, 2025, and 2028)
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Ballistic Protection Market is majorly driven by the need for lightweight, comfortable, and high-strength materials, rising demand for personal protection and increasing geopolitical tensions in emerging economies.
The homeland segment is growing at a highest CAGR ashomeland security officers use personal protective equipment’s, involve body vests, ballistic helmets, and gloves.
North America dominated with a significant market share due to the factors such asrising pressure on the U.S. government to sustain itself as a military superpower and growing concern over terror attacks is propelling the market growth in the region.
Asia Pacific market is growing at a highest CAGR owing to the economic growth of countries and increased defense spending in countries and increase in the number of insurgent groups entering the territories in the region.
Key players in Ballistic Protection Market include BAE Systems, Craig International Ballistics Pty Ltd, Elmon, FMS Enterprises Migun Ltd, Koninklijke Ten Cate bv, MKU Limited, Permali Point Blank Enterprises Inc, Revision Military, Rheinmetall AG, Saab AB and Urvitec Group Limited Company.
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