Global Ballistic Protection Market 2024-2028
The ballistic protection market is forecasted to grow by USD 3161.8 mn during 2023-2028, accelerating at a CAGR of 4.33% during the forecast period. The report on the ballistic protection market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising focus on light-weighting of ballistic protection equipment, rise in asymmetric warfare and threats, and increasing cross-border terrorism and gun violence.
Technavio's ballistic protection market is segmented as below:
By Type
By Application
- Defense
- Homeland security
- Commercial
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the innovations in materials used for bulletproof vests as one of the prime reasons driving the ballistic protection market growth during the next few years. Also, rising number of soldier modernization programs and integration of electronic components into body armor will lead to sizable demand in the market.
The report on the ballistic protection market covers the following areas:
- Ballistic protection market sizing
- Ballistic protection market forecast
- Ballistic protection market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ballistic protection market vendors that include 3M Co., Avon Polymer Products Ltd., BAE Systems Plc, Barrday Inc., Cooneen Group, CQC House, Craig International Ballistics Pty. Ltd., DuPont de Nemours Inc., FMS Enterprises Migun Ltd, Hellweg International Pty Ltd., Honeywell International Inc., TenCate Fabrics, MKU Ltd., Point Blank Enterprises Inc., Revision Inc., Rheinmetall AG, Saab AB, Safariland LLC, Seyntex NV, and Teijin Ltd.. Also, the ballistic protection market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.