Ballistic Protection Market Overview and Forecast by 2031
The Ballistic Protection Market is expected to register a CAGR of 4.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Personal Protection Equipment, Cockpit Ballistic Protection, Ballistic Door, Ballistic Floors, Engine Protection, Hull and Body, Others); Material (Bulletproof Glass, Composites, Ceramics, Metals and Alloys, Fabric, Others); Application (Homeland Security, Military, Commercial); Platform (Airborne, Marine, Land); Technology (Soft Armor, Hard Armor). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Ballistic Protection Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Ballistic Protection Market Segmentation
Product- Personal Protection Equipment
- Cockpit Ballistic Protection
- Ballistic Door
- Ballistic Floors
- Engine Protection
- Hull and Body
- Others
- Bulletproof Glass
- Composites
- Ceramics
- Metals and Alloys
- Fabric
- Others
- Homeland Security
- Military
- Commercial
- Airborne
- Marine
- Land
- Airborne
- Marine
- Land
Strategic Insights
Ballistic Protection Market Growth Drivers- Emerging Demand for Enhanced Safety in Commercial Application: The high demand for enhanced safety and security in commercial applications such as vehicles for VVIPs, is one of the major factors pushing the growth of ballistic protection marketfor commercial segment.
- Increasing Procurement of Military Vehicles: The rising procurement of military vehicles including combat vehicles, combat support vehicles, and transport vehicles is another major factor supporting the market growth across different regions.
- Demand for Lightweight Materials: The growing demand for lightweight and durable materials such as aramid fibers and composite materials is one of the major trends in the ballistic protection market .
- Increase in Demand for Ballistic Resistant Aerial Vehicles: The growing demand for ballistic resistant aerial vehicles including mililtary UAVs is another major trend pushing the growth of ballistic protection market.
- Adoption of Advanced Armor Technologies: The growing adoption of advanced armor technologies across defense forces driven by the rising military investments from different nations worldwide is one of the major factors likely to generate new opportunities for market vendors in the coming years.
- Technological Advancements in Materials: Innovations in lightweight, high-strength materials such as graphene and advanced composites are revolutionizing ballistic protection. These materials offer improved performance and mobility, fueling demand in military, law enforcement, and private sectors. As material science advances, there is a growing opportunity to develop next-gen protective gear and equipment for various applications.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Ballistic Protection Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Ballistic Protection Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Ballistic Protection Market is estimated to witness a CAGR of 4.5% from 2023 to 2031
The major factors driving the security and surveillance radar market are:
1. Emerging Demand for Enhanced Safety in Commercial Application
2. Increasing Procurement of Military Vehicles
Some of the major trends driving the security and surveillance radar market are:
1. Demand for Lightweight Materials
2. Increase in Demand for Ballistic Resistant Aerial Vehicles
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Ballistic Protection Market - By Product
1.3.2 Ballistic Protection Market - By Material
1.3.3 Ballistic Protection Market - By Application
1.3.4 Ballistic Protection Market - By Platform
1.3.5 Ballistic Protection Market - By Technology
1.3.6 Ballistic Protection Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BALLISTIC PROTECTION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. BALLISTIC PROTECTION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BALLISTIC PROTECTION MARKET - GLOBAL MARKET ANALYSIS
6.1. BALLISTIC PROTECTION - GLOBAL MARKET OVERVIEW
6.2. BALLISTIC PROTECTION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BALLISTIC PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. PERSONAL PROTECTION EQUIPMENT
7.3.1. Overview
7.3.2. Personal Protection Equipment Market Forecast and Analysis
7.4. COCKPIT BALLISTIC PROTECTION
7.4.1. Overview
7.4.2. Cockpit Ballistic Protection Market Forecast and Analysis
7.5. BALLISTIC DOOR
7.5.1. Overview
7.5.2. Ballistic Door Market Forecast and Analysis
7.6. BALLISTIC FLOORS
7.6.1. Overview
7.6.2. Ballistic Floors Market Forecast and Analysis
7.7. ENGINE PROTECTION
7.7.1. Overview
7.7.2. Engine Protection Market Forecast and Analysis
7.8. HULL AND BODY
7.8.1. Overview
7.8.2. Hull and Body Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. BALLISTIC PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. BULLETPROOF GLASS
8.3.1. Overview
8.3.2. Bulletproof Glass Market Forecast and Analysis
8.4. COMPOSITES
8.4.1. Overview
8.4.2. Composites Market Forecast and Analysis
8.5. CERAMICS
8.5.1. Overview
8.5.2. Ceramics Market Forecast and Analysis
8.6. METALS AND ALLOYS
8.6.1. Overview
8.6.2. Metals and Alloys Market Forecast and Analysis
8.7. FABRIC
8.7.1. Overview
8.7.2. Fabric Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. BALLISTIC PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. HOMELAND SECURITY
9.3.1. Overview
9.3.2. Homeland Security Market Forecast and Analysis
9.4. MILITARY
9.4.1. Overview
9.4.2. Military Market Forecast and Analysis
9.5. COMMERCIAL
9.5.1. Overview
9.5.2. Commercial Market Forecast and Analysis
10. BALLISTIC PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - PLATFORM
10.1. OVERVIEW
10.2. PLATFORM MARKET FORECASTS AND ANALYSIS
10.3. AIRBORNE
10.3.1. Overview
10.3.2. Airborne Market Forecast and Analysis
10.4. MARINE
10.4.1. Overview
10.4.2. Marine Market Forecast and Analysis
10.5. LAND
10.5.1. Overview
10.5.2. Land Market Forecast and Analysis
11. BALLISTIC PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
11.1. OVERVIEW
11.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
11.3. SOFT ARMOR
11.3.1. Overview
11.3.2. Soft Armor Market Forecast and Analysis
11.4. HARD ARMOR
11.4.1. Overview
11.4.2. Hard Armor Market Forecast and Analysis
12. BALLISTIC PROTECTION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Ballistic Protection Market Overview
12.1.2 North America Ballistic Protection Market Forecasts and Analysis
12.1.3 North America Ballistic Protection Market Forecasts and Analysis - By Product
12.1.4 North America Ballistic Protection Market Forecasts and Analysis - By Material
12.1.5 North America Ballistic Protection Market Forecasts and Analysis - By Application
12.1.6 North America Ballistic Protection Market Forecasts and Analysis - By Platform
12.1.7 North America Ballistic Protection Market Forecasts and Analysis - By Technology
12.1.8 North America Ballistic Protection Market Forecasts and Analysis - By Countries
12.1.8.1 United States Ballistic Protection Market
12.1.8.1.1 United States Ballistic Protection Market by Product
12.1.8.1.2 United States Ballistic Protection Market by Material
12.1.8.1.3 United States Ballistic Protection Market by Application
12.1.8.1.4 United States Ballistic Protection Market by Platform
12.1.8.1.5 United States Ballistic Protection Market by Technology
12.1.8.2 Canada Ballistic Protection Market
12.1.8.2.1 Canada Ballistic Protection Market by Product
12.1.8.2.2 Canada Ballistic Protection Market by Material
12.1.8.2.3 Canada Ballistic Protection Market by Application
12.1.8.2.4 Canada Ballistic Protection Market by Platform
12.1.8.2.5 Canada Ballistic Protection Market by Technology
12.1.8.3 Mexico Ballistic Protection Market
12.1.8.3.1 Mexico Ballistic Protection Market by Product
12.1.8.3.2 Mexico Ballistic Protection Market by Material
12.1.8.3.3 Mexico Ballistic Protection Market by Application
12.1.8.3.4 Mexico Ballistic Protection Market by Platform
12.1.8.3.5 Mexico Ballistic Protection Market by Technology
12.2. EUROPE
12.2.1 Europe Ballistic Protection Market Overview
12.2.2 Europe Ballistic Protection Market Forecasts and Analysis
12.2.3 Europe Ballistic Protection Market Forecasts and Analysis - By Product
12.2.4 Europe Ballistic Protection Market Forecasts and Analysis - By Material
12.2.5 Europe Ballistic Protection Market Forecasts and Analysis - By Application
12.2.6 Europe Ballistic Protection Market Forecasts and Analysis - By Platform
12.2.7 Europe Ballistic Protection Market Forecasts and Analysis - By Technology
12.2.8 Europe Ballistic Protection Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Ballistic Protection Market
12.2.8.1.1 Germany Ballistic Protection Market by Product
12.2.8.1.2 Germany Ballistic Protection Market by Material
12.2.8.1.3 Germany Ballistic Protection Market by Application
12.2.8.1.4 Germany Ballistic Protection Market by Platform
12.2.8.1.5 Germany Ballistic Protection Market by Technology
12.2.8.2 France Ballistic Protection Market
12.2.8.2.1 France Ballistic Protection Market by Product
12.2.8.2.2 France Ballistic Protection Market by Material
12.2.8.2.3 France Ballistic Protection Market by Application
12.2.8.2.4 France Ballistic Protection Market by Platform
12.2.8.2.5 France Ballistic Protection Market by Technology
12.2.8.3 Italy Ballistic Protection Market
12.2.8.3.1 Italy Ballistic Protection Market by Product
12.2.8.3.2 Italy Ballistic Protection Market by Material
12.2.8.3.3 Italy Ballistic Protection Market by Application
12.2.8.3.4 Italy Ballistic Protection Market by Platform
12.2.8.3.5 Italy Ballistic Protection Market by Technology
12.2.8.4 United Kingdom Ballistic Protection Market
12.2.8.4.1 United Kingdom Ballistic Protection Market by Product
12.2.8.4.2 United Kingdom Ballistic Protection Market by Material
12.2.8.4.3 United Kingdom Ballistic Protection Market by Application
12.2.8.4.4 United Kingdom Ballistic Protection Market by Platform
12.2.8.4.5 United Kingdom Ballistic Protection Market by Technology
12.2.8.5 Russia Ballistic Protection Market
12.2.8.5.1 Russia Ballistic Protection Market by Product
12.2.8.5.2 Russia Ballistic Protection Market by Material
12.2.8.5.3 Russia Ballistic Protection Market by Application
12.2.8.5.4 Russia Ballistic Protection Market by Platform
12.2.8.5.5 Russia Ballistic Protection Market by Technology
12.2.8.6 Rest of Europe Ballistic Protection Market
12.2.8.6.1 Rest of Europe Ballistic Protection Market by Product
12.2.8.6.2 Rest of Europe Ballistic Protection Market by Material
12.2.8.6.3 Rest of Europe Ballistic Protection Market by Application
12.2.8.6.4 Rest of Europe Ballistic Protection Market by Platform
12.2.8.6.5 Rest of Europe Ballistic Protection Market by Technology
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Ballistic Protection Market Overview
12.3.2 Asia-Pacific Ballistic Protection Market Forecasts and Analysis
12.3.3 Asia-Pacific Ballistic Protection Market Forecasts and Analysis - By Product
12.3.4 Asia-Pacific Ballistic Protection Market Forecasts and Analysis - By Material
12.3.5 Asia-Pacific Ballistic Protection Market Forecasts and Analysis - By Application
12.3.6 Asia-Pacific Ballistic Protection Market Forecasts and Analysis - By Platform
12.3.7 Asia-Pacific Ballistic Protection Market Forecasts and Analysis - By Technology
12.3.8 Asia-Pacific Ballistic Protection Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Ballistic Protection Market
12.3.8.1.1 Australia Ballistic Protection Market by Product
12.3.8.1.2 Australia Ballistic Protection Market by Material
12.3.8.1.3 Australia Ballistic Protection Market by Application
12.3.8.1.4 Australia Ballistic Protection Market by Platform
12.3.8.1.5 Australia Ballistic Protection Market by Technology
12.3.8.2 China Ballistic Protection Market
12.3.8.2.1 China Ballistic Protection Market by Product
12.3.8.2.2 China Ballistic Protection Market by Material
12.3.8.2.3 China Ballistic Protection Market by Application
12.3.8.2.4 China Ballistic Protection Market by Platform
12.3.8.2.5 China Ballistic Protection Market by Technology
12.3.8.3 India Ballistic Protection Market
12.3.8.3.1 India Ballistic Protection Market by Product
12.3.8.3.2 India Ballistic Protection Market by Material
12.3.8.3.3 India Ballistic Protection Market by Application
12.3.8.3.4 India Ballistic Protection Market by Platform
12.3.8.3.5 India Ballistic Protection Market by Technology
12.3.8.4 Japan Ballistic Protection Market
12.3.8.4.1 Japan Ballistic Protection Market by Product
12.3.8.4.2 Japan Ballistic Protection Market by Material
12.3.8.4.3 Japan Ballistic Protection Market by Application
12.3.8.4.4 Japan Ballistic Protection Market by Platform
12.3.8.4.5 Japan Ballistic Protection Market by Technology
12.3.8.5 South Korea Ballistic Protection Market
12.3.8.5.1 South Korea Ballistic Protection Market by Product
12.3.8.5.2 South Korea Ballistic Protection Market by Material
12.3.8.5.3 South Korea Ballistic Protection Market by Application
12.3.8.5.4 South Korea Ballistic Protection Market by Platform
12.3.8.5.5 South Korea Ballistic Protection Market by Technology
12.3.8.6 Rest of Asia-Pacific Ballistic Protection Market
12.3.8.6.1 Rest of Asia-Pacific Ballistic Protection Market by Product
12.3.8.6.2 Rest of Asia-Pacific Ballistic Protection Market by Material
12.3.8.6.3 Rest of Asia-Pacific Ballistic Protection Market by Application
12.3.8.6.4 Rest of Asia-Pacific Ballistic Protection Market by Platform
12.3.8.6.5 Rest of Asia-Pacific Ballistic Protection Market by Technology
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Ballistic Protection Market Overview
12.4.2 Middle East and Africa Ballistic Protection Market Forecasts and Analysis
12.4.3 Middle East and Africa Ballistic Protection Market Forecasts and Analysis - By Product
12.4.4 Middle East and Africa Ballistic Protection Market Forecasts and Analysis - By Material
12.4.5 Middle East and Africa Ballistic Protection Market Forecasts and Analysis - By Application
12.4.6 Middle East and Africa Ballistic Protection Market Forecasts and Analysis - By Platform
12.4.7 Middle East and Africa Ballistic Protection Market Forecasts and Analysis - By Technology
12.4.8 Middle East and Africa Ballistic Protection Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Ballistic Protection Market
12.4.8.1.1 South Africa Ballistic Protection Market by Product
12.4.8.1.2 South Africa Ballistic Protection Market by Material
12.4.8.1.3 South Africa Ballistic Protection Market by Application
12.4.8.1.4 South Africa Ballistic Protection Market by Platform
12.4.8.1.5 South Africa Ballistic Protection Market by Technology
12.4.8.2 Saudi Arabia Ballistic Protection Market
12.4.8.2.1 Saudi Arabia Ballistic Protection Market by Product
12.4.8.2.2 Saudi Arabia Ballistic Protection Market by Material
12.4.8.2.3 Saudi Arabia Ballistic Protection Market by Application
12.4.8.2.4 Saudi Arabia Ballistic Protection Market by Platform
12.4.8.2.5 Saudi Arabia Ballistic Protection Market by Technology
12.4.8.3 U.A.E Ballistic Protection Market
12.4.8.3.1 U.A.E Ballistic Protection Market by Product
12.4.8.3.2 U.A.E Ballistic Protection Market by Material
12.4.8.3.3 U.A.E Ballistic Protection Market by Application
12.4.8.3.4 U.A.E Ballistic Protection Market by Platform
12.4.8.3.5 U.A.E Ballistic Protection Market by Technology
12.4.8.4 Rest of Middle East and Africa Ballistic Protection Market
12.4.8.4.1 Rest of Middle East and Africa Ballistic Protection Market by Product
12.4.8.4.2 Rest of Middle East and Africa Ballistic Protection Market by Material
12.4.8.4.3 Rest of Middle East and Africa Ballistic Protection Market by Application
12.4.8.4.4 Rest of Middle East and Africa Ballistic Protection Market by Platform
12.4.8.4.5 Rest of Middle East and Africa Ballistic Protection Market by Technology
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Ballistic Protection Market Overview
12.5.2 South and Central America Ballistic Protection Market Forecasts and Analysis
12.5.3 South and Central America Ballistic Protection Market Forecasts and Analysis - By Product
12.5.4 South and Central America Ballistic Protection Market Forecasts and Analysis - By Material
12.5.5 South and Central America Ballistic Protection Market Forecasts and Analysis - By Application
12.5.6 South and Central America Ballistic Protection Market Forecasts and Analysis - By Platform
12.5.7 South and Central America Ballistic Protection Market Forecasts and Analysis - By Technology
12.5.8 South and Central America Ballistic Protection Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Ballistic Protection Market
12.5.8.1.1 Brazil Ballistic Protection Market by Product
12.5.8.1.2 Brazil Ballistic Protection Market by Material
12.5.8.1.3 Brazil Ballistic Protection Market by Application
12.5.8.1.4 Brazil Ballistic Protection Market by Platform
12.5.8.1.5 Brazil Ballistic Protection Market by Technology
12.5.8.2 Argentina Ballistic Protection Market
12.5.8.2.1 Argentina Ballistic Protection Market by Product
12.5.8.2.2 Argentina Ballistic Protection Market by Material
12.5.8.2.3 Argentina Ballistic Protection Market by Application
12.5.8.2.4 Argentina Ballistic Protection Market by Platform
12.5.8.2.5 Argentina Ballistic Protection Market by Technology
12.5.8.3 Rest of South and Central America Ballistic Protection Market
12.5.8.3.1 Rest of South and Central America Ballistic Protection Market by Product
12.5.8.3.2 Rest of South and Central America Ballistic Protection Market by Material
12.5.8.3.3 Rest of South and Central America Ballistic Protection Market by Application
12.5.8.3.4 Rest of South and Central America Ballistic Protection Market by Platform
12.5.8.3.5 Rest of South and Central America Ballistic Protection Market by Technology
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. BALLISTIC PROTECTION MARKET, KEY COMPANY PROFILES
14.1. SAAB AB
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. CRAIG INTERNATIONAL BALLISTICS PTY LTD
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. BAE SYSTEMS
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. 3M
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. PERMALI
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. REVISION MILITARY
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. MKU LIMITED
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. SURVITEC GROUP LIMITED
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. POINT BLANK ENTERPRISES
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. RHEINMETALL AG
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Saab AB
2. Craig International Ballistics Pty Ltd
3. BAE Systems
4. 3M
5. Permali
6. Revision Military
7. MKU Limited
8. Survitec Group Limited
9. Point Blank Enterprises
10. Rheinmetall AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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