CHICAGO, Sept. 8, 2022 /PRNewswire/ -- Ballistic protection market is projected to grow from USD 13.4 billion in 2022 to USD 16.9 billion by 2027, at a CAGR of 4.7% from 2022 to 2027,according to a new report by MarketsandMarkets. Rising political unrest in emerging economies is one of the major driving factor for the demand of the ballistic protection market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=30112278
Browse in-depth TOC on "Ballistic Protection Market"
253 - Tables
45 - Figures
231 - Pages
By threat level, IV and above segment is expected to lead the market during the forecast period
On the basis of threat level, the ballistic protection market has been segmented into II and IIA, III and IIIA and IV and above. A level IV hard plate is designed to defeat armor-piercing projectiles. It is tested with a single impact of test calibers specified in the NIJ standard, which represent common threats to the law enforcement and security community, especially in the US. Other countries may have different threat levels to defeat. Level IV ballistic armors are designed to offer protection against large, high-velocity bullets. These armors can stop rounds fired by rifles and submachine guns and are mostly used by tactical police teams and the military.
By application, homeland security segment is expected to grow at highest CAGR during the forecast period
During the forecast period, the homeland security segment is projected to grow at a higher rate than the military segment. Homeland security personnel that are deployed wear ballistic-resistant body armor to safeguard against specific ballistic threats. To maintain safety during any mission, homeland security professionals wear personal protection equipment, such as body vests, ballistic helmets, and gloves. Ballistic helmets are designed to shield the wearer against fragmentation and small-arms threats. Because they are reinforced by ceramics and thermoplastics, the fighting systems employed by homeland security officers are ballistic resistant.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=30112278
Asia Pacific is projected to grow at the highest CAGR during the forecast period.
Ballistic protection systems are seeing growth in the Asia Pacific region as a result of rising defence spending in nations like Australia, India, China, Japan, South Korea, and the United States as well as the regions expanding economy. Additionally partnering with the contractors and assisting them through the procurement process by providing the required financial and infrastructure supports are the governments of these nations and the local industries. Ballistic protection systems are becoming even more necessary since more insurgent organisations are invading the country and utilising lethal weapons like IEDs and bombs.
Key players in the ballistic protection market include BAE Systems (UK), Avon Protection (US), Rheinmetall AG (US), Tencate Advanced Armor (Netherlands), Point Blank Enterprises (US) and SAAB AB (Sweden). The players are largely focused on contracts and having a strong global presence will help them gain a competitive advantage in the ballistic protection industry. These companies are concentrating their efforts on breaking into new markets by launching technologically superior platforms. These companies, in addition to new product releases and advances, have adopted contracts as strategy.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=30112278
Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting
Related Reports:
Active Protection System Market by End User (Defense, Homeland Security), Platform (Ground, Marine, Airborne), Kill System Type (Soft Kill System, Hard Kill System, Reactive Armor) and Region (North America, Europe, APAC, RoW) - Global Forecast to 2027
CBRN Defense Market by Type, End Use (Defense and Civil & Commercial), Equipment (Protective Wearables, Respiratory Systems, Detection & Monitoring Systems, Decontamination Systems, Simulators, Information Management Software) & Region (2021-2026)
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/ballistic-protection-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/ballistic-protection.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
