Global Ballistic Protective Equipment Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Ballistic Protective Equipment Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global ballistic protective equipment market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global ballistic protective equipment market report has been segmented on the basis of type, material, product, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global ballistic protective equipment market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Ballistics is one part of mechanics that deals with the launching, flight, behavior, and effects of projectiles, especially bullets, unguided bombs, rockets. It is a mechanical science designing and accelerating projectiles to achieve a desired performance by motion of objects moving under their own momentum and the force of gravity.
Ballistic protective equipment is widely used in defense sector as protective equipment from explosive attacks.
Increasing requirement for self-protective gadgets and gears among defense and law enforcement sector is a key factor expected to drive growth of the global ballistic protective equipment market during the forecast period. Rising need for self-defense gadgets during anti-terror attacks is another factor expected to support growth of the target market.
Ballistic protective equipment provides strong protection through its wide range of products with high-quality materials. Furthermore, increasing concerns of individual safety among defense sector is expected to support growth of the global ballistic protective equipment market, owing to the benefits offered by ballistic protective equipment. For example, the ballistics helmet protects soldiers or individuals head during explosions or cranial impacts from shock waves of explosions.
In addition, increasing advancements in raw materials such as, ultra-high molecular weight polyethylene (UHMWPE) in ballistic products and technological advancements in ballistic protective equipment for production of light weight, flexible, and thin protective equipment is expected to proliferate growth of the global ballistic protective equipment market.
However, high cost and heavy weight associated with ballistic armors is a major factor expected to restraint growth of the global market. In addition, high initial cost associated with manufacturing infrastructure is another factor expected to hamper growth of the target market to a certain extent.
Market in North America is expected to dominate the global market in terms of revenue owing to increased internal and external threat attack during the past few years and ability to afford high cost associated ballistic protective equipment. In addition, high adoption rate for advanced technology as well as well-developed manufacturing infrastructure in countries in the region are the factors expected to support growth of the target market in the region.
The market in Asia Pacific is expected to witness lucrative growth of the global market in terms of revenue, owing to increasing procurement of armored vehicles in countries in the region. The Latin America and Middle East and Africa are expected to witness advent growth in the near future, owing to increasing advancements and modernization in equipment’s used by armed forces in countries in the region.
Global Ballistic Protective Equipment Market Segmentation:
Global Ballistic Protective Equipment Market Segmentation, by type:
- Head protection
- Soft armor
- Hard armor
Global Ballistic Protective Equipment Market Segmentation, by material:
Global Ballistic Protective Equipment Market Segmentation, by application:
- Law Enforcement and Security
Global Ballistic Protective Equipment Market Segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Teijin Limited
- Honeywell International, Inc.
- BAE systems Plc
- Royal TenCate Corporate
- L. Dupont DE Nemours & Co.
- MKU Limited
- 3M Company
- BAE Systems Plc
- EnGarde, Inc.
- Koninklijke Ten Cate NV
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