Market Insights:
Ballistic Protective Equipment Market size was valued at USD 4.82 Billion in 2021, registering a CAGR of 4.12% during the forecast period (2022-2030), and the market is projected to be worth USD 6.93 Billion by 2030.
The ballistic protection equipment market is expected to rise significantly throughout the forecast period due to factors such as increased political unrest and rising terrorist incidents. Furthermore, increased internal conflict is expected to fuel the expansion of the ballistic protection equipment market. For example, in December 2019, Leonardo SpA signed a contract with Permali to supply ballistic protection systems for the UK Royal Navy’s new Commando Merlin Mk4 helicopters. Furthermore, the increasing adoption of ballistic protection equipment by the armed forces of developed countries such as the UK to provide greater security to military personnel is expected to drive market growth.
Ballistic Protective Equipment Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Raw Material (Aramid, Composites, UHMWPE, Steel, Others), By Product (Head Protection, Soft Armor, Hard Armor), By End Use (Defense, Law enforcement & security, Commercial, By Threat Level, Level II & Level IIA, Level III & Level IIIA, Level IV & above), By Platform (Airborne, Marine, Land)), and companies (llc (US), Craig International Ballistics Pty Ltd. (Australia), Teijin Limited (Japan), Saab (Sweden), MKU Limited (India), Morgan Advanced Materials (UK), ELMON (Greece), Honeywell International, Inc. (US), Permali Gloucester Ltd.UK), BAE Systems (UK), 3M (US), Rheinmetall AG (Germany), Ten Cate protective (Netherlands), FMS Enterprises Migun LTD. (Israel), Point Blank Enterprises, Inc. (US), DuPont (US), Ada (Canada), Survitec Group Limited (UK), ArmorWorks (US), Revision Military (US), ArmorSource, LLC (US), Southern States), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 4.12%, over the forecast period of 2022–2030
Driver:
The increased adoption of Ballistic Protective Equipment in the Smart Textiles industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Ballistic Protective Equipment also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Ballistic Protective Equipment in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 6.93 Billion |
| CAGR (2022-2030) | 4.12% |
| By Product | Head Protection, Soft Armor, Hard Armor. |
| By Platform | Airborne, Marine, Land |
| By Technology | Soft Armor, Hard Armor |
| By End Use | Defense, Law enforcement & security, Commercial, By Threat Level, Level II & Level IIA, Level III & Level IIIA, Level IV & above |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | llc (US), Craig International Ballistics Pty Ltd. (Australia), Teijin Limited (Japan), Saab (Sweden), MKU Limited (India), Morgan Advanced Materials (UK), ELMON (Greece), Honeywell International, Inc. (US), Permali Gloucester Ltd.UK), BAE Systems (UK), 3M (US), Rheinmetall AG (Germany), Ten Cate protective (Netherlands), FMS Enterprises Migun LTD. (Israel), Point Blank Enterprises, Inc. (US), DuPont (US), Ada (Canada), Survitec Group Limited (UK), ArmorWorks (US), Revision Military (US), ArmorSource, LLC (US), Southern States. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Ballistic Protective Equipment market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
llc (US), Craig International Ballistics Pty Ltd. (Australia), Teijin Limited (Japan), Saab (Sweden), MKU Limited (India), Morgan Advanced Materials (UK), ELMON (Greece), Honeywell International, Inc. (US), Permali Gloucester Ltd.UK), BAE Systems (UK), 3M (US), Rheinmetall AG (Germany), Ten Cate protective (Netherlands), FMS Enterprises Migun LTD. (Israel), Point Blank Enterprises, Inc. (US), DuPont (US), Ada (Canada), Survitec Group Limited (UK), ArmorWorks (US), Revision Military (US), ArmorSource, LLC (US), Southern States.
Market Segment Analysis:
By Raw Material
- Aramid
- Composites
- UHMWPE
- Steel
- Others
By Product
- Head Protection
- Soft Armor
- Hard Armor
By End Use
- Defense
- Law enforcement & security
- Commercial
By Threat Level
- Level II & Level IIA
- Level III & Level IIIA
- Level IV & above
By Platform
- Airborne
- Marine
- Land
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Ballistic Protective Equipment industries in the region.
Key Ballistic Protective Equipment Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Ballistic Protective Equipment Market segments.
– Largest Market Share Held by Industry to Industry for Ballistic Protective Equipment
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Ballistic Protective Equipment Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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