Global Ballistic Protective Equipment Market Growth 2023-2029

Global Ballistic Protective Equipment Market Growth 2023-2029

Ballistic Protective Equipment is worn by the military, police, first responders and civilian personnel such as security guards, focusing on the environmental operating conditions and the thermophysiological burden on the wearers.

LPI (LP Information)' newest research report, the “Ballistic Protective Equipment Industry Forecast” looks at past sales and reviews total world Ballistic Protective Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Ballistic Protective Equipment sales for 2023 through 2029. With Ballistic Protective Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ballistic Protective Equipment industry.

This Insight Report provides a comprehensive analysis of the global Ballistic Protective Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ballistic Protective Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Ballistic Protective Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ballistic Protective Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ballistic Protective Equipment.

The global Ballistic Protective Equipment market size is projected to grow from US$ 3893.6 million in 2022 to US$ 4693.7 million in 2029; it is expected to grow at a CAGR of 4693.7 from 2023 to 2029.

North America is the major market for soft armors owing to most of the soldier modernization programs being conducted in the region. The U.S. is also involved in the expansion of Buffalo A2 Bar Armor Kits program which will also increase the demand for ballistic protective equipment market.

Asia Pacific is expected to witness significant growth on account of dynamic geopolitical relations among South Asian countries such as Pakistan, Vietnam, India, China, and Bangladesh. The rising military spending by China and India as part of their geopolitical strategies is projected to balance Asia Pacific market growth over the forecast.

This report presents a comprehensive overview, market shares, and growth opportunities of Ballistic Protective Equipment market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Head Protection
Soft Armor
Hard Armor

Segmentation by application
Defense
Commercial
Law Enforcement & Safety

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Seyntex
Honeywell International
Tencate
Rheinmetall AG
Point Blank Enterprise
Morgan Advanced Materials
ArmorSource LLC
Craig International Ballistics
Survitec Group Ltd
Verseidag-Indutex
Safe Life Defense
Tactical Assault Gear (TAG)
Hellweg International
MKU Limited
Mehler Vario System
Mars Armor
Paul Boye Technologies
Mehler Law Enforcement
Vista Outdoor
Pacific Safety Products(PSP)
EnGarde
Safariland
CQC Ltd.
Armor Wear
BAE Systems
DowDuPont
3M Company
Teijin Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Ballistic Protective Equipment market?

What factors are driving Ballistic Protective Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Ballistic Protective Equipment market opportunities vary by end market size?

How does Ballistic Protective Equipment break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.