Ballistic Protection Market Overview, Growth, Research Report (2021-2031)

MARKET INTRODUCTION

Ballistic protection offers protection from fragments, bullets, grenades, ballistic missiles, mortars and mines among. Ballistic protection equipment is made from carbon fiber composites, ceramic, lexan, aramid and glass. Ballistic protection is used in tank armor to prevent missile or anti-tank gun attacks from penetrating the tank's body. Furthermore, to protect against incoming bullets, ballistic security includes personal protection devices such as ballistic helmets and bulletproof vests. Some of the factors expected to boost the growth of the ballistic protection market in the forecast period include rising defense budgets among emerging economies, the demand for technologically advanced weapons, and the research and development for making armor more lightweight.

MARKET DYNAMICS

The global ballistic protection market is driven by an increase in defense spending, an increase in demand for ballistic protection equipment due to increased terror activities, and an increase in the adoption of light and composite materials for ballistic protection. Furthermore, the market is expected to expand due to an increase in demand for ballistic resistant aerial vehicles, personal defense devices, and high-strength materials. However, the market's growth is hampered by the high cost of ballistic equipment and the heavy weight of the equipment, which reduces mobility.

MARKET SCOPE

The "Global Ballistic Protection Market Analysis to 2031" is a specialized and in-depth study of the ballistic protection market with a special focus on the global market trend analysis. The report aims to provide an overview of ballistic protection market with detailed market segmentation by product, material, application, platform, technology. The global ballistic protection market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ballistic protection market player and offers key trends and opportunities in the ballistic protection market.

MARKET SEGMENTATION

The global ballistic protection market is segmented on the basis of product, material, application, platform, technology. On the basis of product the market is segmented as, personal protection equipment, cockpit ballistic protection, ballistic door, ballistic floors, engine protection, others. On the basis of material the market is segmented as, bulletproof glass, composites, ceramics, metals and alloys, fabric, alloys. On the basis of application the market is segmented as, homeland security, military and commercial. On the basis of platform the market is bifurcated as, airborne, marine, land. Further, on the basis of technology the market is segmented as, soft armor, hard armor.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global ballistic protection market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ballistic protection market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting ballistic protection market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting the factors affecting the ballistic protection market in these regions.

MARKET PLAYERS

The reports cover key developments in the ballistic protection market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from ballistic protection market are anticipated to lucrative growth opportunities in the future with the rising demand for ballistic protection market. Below mentioned is the list of few companies engaged in the ballistic protection market.

The report also includes the profiles of key ballistic protection market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Saab AB
  
•   Craig International Ballistics Pty Ltd
  
•   BAE Systems
  
•   3M
  
•   Permali
  
•   Revision Military
  
•   MKU Limited
  
•   Survitec Group Limited
  
•   Point Blank Enterprises
  
•   Rheinmetall AG
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Ballistic Protection Report Scope