Dublin, July 08, 2024 (GLOBE NEWSWIRE) -- The "Ballistic Protection Market - A Global and Regional Analysis: Focus on Platform, Product Type, Material Type, Technology Type, and Region - Analysis and Forecast, 2024-2034" report has been added to ResearchAndMarkets.com's offering.
Ballistic Protection Market $15.33 billion in 2024, is anticipated to grow at a CAGR of 5.46%, reaching $26.08 billion by 2034.
The ballistic protection market is critically important, encompassing the design, manufacture, and distribution of protective solutions aimed at safeguarding lives in various high-risk environments. This market addresses the urgent needs of military, law enforcement, and increasingly, civilian populations, providing essential protection against firearms, explosive devices, and other threats. As geopolitical tensions rise and urban environments grow more volatile, the demand for advanced ballistic protection continues to surge.
One of the most significant drivers of the ballistic protection market is the persistent global security threat from terrorism and geopolitical conflicts. For instance, the ongoing conflicts in regions like the Middle East and the resurgence of tensions in Eastern Europe necessitate continuous advancements in protective gear. The U.S. military's investment in newer, lighter, and more resilient body armor exemplifies this response, aiming to enhance soldier survivability in hostile environments.
In addition to military applications, there is a growing emphasis on providing enhanced protective measures for law enforcement personnel. The rise in urban violence and civil unrest in major cities across the United States and Europe has led to increased investments in ballistic protection. Police forces are now regularly equipped with advanced body armor to deal with potential threats during routine patrols and special operations. Events like the 2016 Dallas police shooting, where officers were targeted during a protest, underscore the critical need for effective ballistic protection in maintaining public order and safety.
Moreover, the civilian sector has emerged as a new market for ballistic protection, driven by increased personal security concerns. The availability of ballistic-resistant backpacks, clothing, and other personal accessories reflects a consumer trend towards personal safety products, particularly in regions with high crime rates or recent experiences of mass shootings.
The ballistic protection market is therefore characterized by a dynamic blend of demand driven by security needs, technological innovation, and expanding civilian use. Companies operating in this space continually strive to develop solutions that meet the stringent requirements of today's threats while also anticipating future needs. As the world faces evolving security challenges, the importance of this market cannot be overstated, with its role in safeguarding lives becoming more vital with each passing year.
How can this report add value to an organization?
Product/Innovation Strategy: The global ballistic protection market has been extensively segmented based on various categories, such as application, product type, material type, and technology type. This can help readers get a clear overview of which segments account for the largest share and which ones are well-positioned to grow in the coming years.
Competitive Strategy: A detailed competitive benchmarking of the players operating in the global ballistic protection market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Questions Answered in this Report:
- What are the main factors driving the demand for ballistic protection market?
- What are the major patents filed by the companies active in the ballistic protection market?
- Who are the key players in the ballistic protection market, and what are their respective market shares?
- What partnerships or collaborations are prominent among stakeholders in the ballistic protection market?
- What are the strategies adopted by the key companies to gain a competitive edge in ballistic protection market?
- What is the futuristic outlook for the ballistic protection market in terms of growth potential?
- What is the current estimation of the ballistic protection market and what growth trajectory is projected from 2024 to 2034?
- Which application, and product segment is expected to lead the market over the forecast period (2024-2034)?
- Which regions demonstrate the highest adoption rates for ballistic protection market, and what factors contribute to their leadership?
Companies Featured
- Avon Protection Systems
- BAE Systems plc
- DuPont de Nemours, Inc.
- Gentex Corporation
- Honeywell International Inc.
- Point Blank Enterprises, Inc.
- Rheinmetall AG
- Saab AB
- Survitec Group Limited
- TenCate Advanced Armor USA, Inc.
- FMS Enterprises Migun Ltd.
- Seyntex
- ADA (Australian Defence Apparel)
- Armorworks
- Revision Military
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 100 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value (USD) in 2024 | $15.33 Billion |
| Forecasted Market Value (USD) by 2034 | $26.08 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
Key Topics Covered:
1. Markets: Industry Outlook
1.1 Trends: Current and Future Impact Assessment
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.2 Pricing Forecast
1.3 R&D Review
1.3.1 Patent Filing Trend by Country, by Company
1.4 Regulatory Landscape
1.5 Stakeholder Analysis
1.5.1 Use Case
1.5.2 End User and Buying Criteria
1.6 Impact Analysis for Key Global Events
1.7 Market Dynamics Overview
1.7.1 Market Drivers
1.7.2 Market Restraints
1.7.3 Market Opportunities
2. Ballistic Protection Market (by Application)
2.1 Application Segmentation
2.2 Application Summary
2.3 Ballistic Protection Market (by Platform)
2.3.1 Military
2.3.2 Airborne
2.3.3 Marine
3. Ballistic Protection Market (by Product)
3.1 Product Segmentation
3.2 Product Summary
3.3 Ballistic Protection Market (by Material Type)
3.3.1 Bulletproof Glass
3.3.2 Composites
3.3.3 Ceramics
3.3.4 Metals and Alloys
3.3.5 Fabric
3.3.6 Others
3.4 Ballistic Protection Market (by Product Type)
3.4.1 Personal Protection Equipment
3.4.2 Vehicle Protection Equipment
3.5 Ballistic Protection Market (by Technology Type)
3.5.1 Soft Armor
3.5.2 Hard Armor
4. Ballistic Protection Market (by Region)
4.1 Ballistic Protection Market (by Region)
4.2 North America
4.2.1 Regional Overview
4.2.2 Driving Factors for Market Growth
4.2.3 Factors Challenging the Market
4.2.4 Application
4.2.5 Product
4.2.6 U.S.
4.2.6.1 Market by Application
4.2.6.2 Market by Product
4.2.7 Canada
4.2.7.1 Market by Application
4.2.7.2 Market by Product
4.2.8 Mexico
4.2.8.1 Market by Application
4.2.8.2 Market by Product
4.3 Europe
4.4 Asia-Pacific
4.5 Rest-of-the-World
5. Companies Profiled
5.1 Next Frontiers
5.2 Geographic Assessment
5.2.1 Overview
5.2.2 Top Products/Product Portfolio
5.2.3 Top Competitors
5.2.4 Target Customers
5.2.5 Key Personnel
5.2.6 Analyst View
5.2.7 Market Share
For more information about this report visit https://www.researchandmarkets.com/r/i5gdip
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
