PUBLISHER: Lucintel | PRODUCT CODE: 1154045
PUBLISHER: Lucintel | PRODUCT CODE: 1154045
Ballistic Protection Market Trends and Forecast
The future of the global ballistic protection market looks promising with opportunities in the body armor and vehicle armor markets. The global ballistic protection market is expected to reach an estimated $13.4 billion by 2027 with a CAGR of 1.8from 2021 to 2027. The major drivers for this market are increasing defense budget in developing countries, technological advancements, and increasing terrorism.
Emerging Trends in the Ballistic Protection Market
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing usage of lightweight materials and improved wear-ability of body armors.
A total of 57 figures / charts and 42 tables are provided in this 113 page report to help in your business decisions. Sample figures with resultant insights are shown below. To learn the scope of, benefits, companies researched and other details of ballistic protection market report download the report brochure.
Ballistic Protection Market by Segments
In this market, commercial aircraft is the largest aircraft type, whereas wing is the largest in application. The study includes trends and forecast for the global ballistic protection market by type, application, and region as follows:
Ballistic Protection Market by Type (Value ($ Million) from 2016 to 2027):
Soft Body Armor
Hard Body Armor
Protective Headgear
Ballistic Protection Market by Application (Value ($ Million) from 2016 to 2027):
Ballistic Protection Market by Region (Value ($ Million) from 2016 to 2027):
USA
France
Germany
United Kingdom
China
India
Middle East
List of Ballistic Protection Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ballistic protection companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ballistic protection companies profiled in this report includes.
Ballistic Protection Market Insights
Features of the Global Ballistic Protection Market
FAQ
Q1. What is the ballistic protection market size?
Answer: The global ballistic protection market is expected to reach an estimated $13.4 billion by 2027.
Q2. What is the growth forecast for ballistic protection market?
Answer: The ballistic protection market is expected to grow at a CAGR of 1.8% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the ballistic protection market?
Answer: The major drivers for this market are increasing defense budget in developing countries, technological advancements, and increasing terrorism.
Q4. What are the major type or end use industries for ballistic protection?
Answer: Vehicle armor is the major segment by type for ballistic protection.
Q5. What are the emerging trends in ballistic protection market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing usage of lightweight materials and improved wear-ability of body armors
Q6. Who are the key ballistic protection companies?
Answer: Some of the key ballistic protection companies are as follows:
Q7. Which ballistic protection application segment will be the largest in future?
Answer: Lucintel forecasts that defense will remain the largest application
Q8 : In ballistic protection market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region by value during the forecast period due to highest procurement of body armor and vehicle armor in this region.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.