Ballistic Protection Market Size, Share, and Analysis, By Product Type (Personal Protection Equipment, Barrier Systems, Ballistic Blocks, Hull and Body, Pilot Seat Protection, Weapon Station and Optronics, Ballistic Floors, Engine Protection, Windows and Doors, Others), By Material Type (Aramid, Fabric, Bulletproof Glass, Ceramics, Composites, Metal Alloys, Others), By Technology Type (Soft Armor, Hard Armor), By Platform (Airborne, Land, Marine), By Threat Level (Level II and Level IIA, Level III and Level IIIA, Level IV and Above), By Application (Commercial, Homeland Security, Defense) and Regional Forecasts, 2022-2032
Ballistic Protection Market Size, Share, and Analysis, By Product Type (Personal Protection Equipment, Barrier Systems, Ballistic Blocks, Hull and Body, Pilot Seat Protection, Weapon Station and Optronics, Ballistic Floors, Engine Protection, Windows and Doors, Others), By Material Type (Aramid, Fabric, Bulletproof Glass, Ceramics, Composites, Metal Alloys, Others), By Technology Type (Soft Armor, Hard Armor), By Platform (Airborne, Land, Marine), By Threat Level (Level II and Level IIA, Level III and Level IIIA, Level IV and Above), By Application (Commercial, Homeland Security, Defense) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
Ballistic Protection Market size was USD 12.44 billion in 2021 and projected to grow from USD 13.8 billion in 2023 to USD 22.4 billion by 2032, exhibiting a CAGR of 5.5% during the forecast period.
Ballistic protection is a way to protect the human body and vehicles against bullets and missiles and is necessary for soldiers, general security personnel, policemen, military, marine ships, and airborne vehicles. The increasing innovations in vehicle protection technologies along with the improvements in electronics, material science, automotive, and weaponry may drive the market growth. The launch of next-generation military vehicles with advanced programmable ammunition, reactive armor technology, and others is trending in the market.
MARKET HIGHLIGHTS
Ballistic Protection Market is expected to reach USD 22.4 billion, growing at a CAGR of 5.5% during forecast period owing to the increasing demand for aramid material due to its resistance, flexibility, and light weight which is expected to drive the growth of market. Aramid is used in the manufacture of helmets, body armor, vehicle armors etc. The rising awareness in governments to enhance the safety measures to resist terror attacks is anticipated to drive market growth. Ballistic protection of material is decided by efficiency, speed energy absorption capacity locally with which it transfers the acquired energy.
Ballistic Protection Market Segments:
- Product Type
- Personal Protection Equipment
- Barrier Systems
- Ballistic Blocks
- Hull and Body
- Pilot Seat Protection
- Weapon Station and Optronics
- Ballistic Floors
- Engine Protection
- Windows and Doors
- Others
- Material Type
- Aramid
- Fabric
- Bulletproof Glass
- Ceramics
- Composites
- Metal Alloys
- Others
- Technology Type
- Soft Armor
- Hard Armor
- Platform
- Airborne
- Land
- Marine
- Threat Level
- Level II and Level IIA
- Level III and Level IIIA
- Level IV and Above
- Application
- Commercial
- Homeland Security
- Defense
MARKET DYNAMICS
Growth Drivers
Growing Political Conflicts are Expected to Boost the Growth of the Market
Increasing Budget in Defence is Expected to Boost the Growth of the Market
Restraint
High Manufacturing Cost May Restrain the Growth of the Market
Key Players
- BAE Systems
- FMS Enterprises Migun LTD.
- Rheinmetall AG
- 3M
- Ten Cate protective
- Point Blank Enterprises, Inc.
- ADA
- DuPont
- Revision Military
- ArmorWorks
- ArmorSource, LLC
- Craig International Ballistics Pty Ltd.
- Southern States, llc
- Teijin Limited
- MKU Limited
- Saab
- Honeywell International, Inc.
- Morgan Advanced Materials
- ELMON
- Permali Gloucester Ltd.
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
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