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    Ballistic Protection Market Size, Share & Forecast | Covid-19 Impact Analysis

    Ballistic Protection Market Size, Share & Forecast | Covid-19 Impact Analysis

    Ballistic Protection Market Size, Share & Forecast | Covid-19 Impact Analysis
    Report code - SRAD127 Delivery - 2 Weeks
    Ballistic Protection Market Size, Share, Trend, Forecast, & Competitive Analysis
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    Impact of COVID-19 on Ballistic Protection Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Ballistic Protection Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Ballistic Protection Market Insights

    The purpose of the ballistic protection products is to protect soldiers, army vehicles, and homeland security & law enforcement forces from bullets, explosive materials, mortar, mines, electrical shocks, heat, chemicals, and biohazards.

    The global ballistic protection market offers good growth opportunity and is likely to grow at >4% CAGR during the forecast period of 2020 to 2025. Increasing government spending in strengthening the defense sector, increasing conflicts between countries, and rising terrorist & extremist activities are some of the major factors driving the demand of ballistic protection globally.

     

    Ballistic Protection Market Share Analysis

    Ballistic Protection Market Share by Product Type

    The global ballistic protection market is segmented into two categories; Personal Protective Equipment and Vehicle Armor. Personal protective equipment is further segmented into three categories namely soft armor, hard armor, and protective headgear. Soft armor is expected to experience the fastest growth over the next five years, driven by increasing demand from defense and law enforcement forces. Government of many countries prefer soft armor that does not have technical challenges including weight. Major soft armor producing companies are developing advanced soft armor which is lightweight, durable, and more comfortable to the soldiers and law enforcement forces. This supplements companies in winning contracts and gaining competitive advantage over competitors.

    Ballistic Protection Market Share by Application Type

    Defense sector is likely to remain the largest application in the ballistic protection market during the forecast period driven by high focus of many governments in strengthening their defense sector due to rising conflicts between countries and with terrorism. Major developed economies, such the US, the UK and France keep on doing R&D for development of advanced ballistic protection equipment for their soldiers, vehicles, and law enforcement forces whereas major developing economies are generating healthy demand of ballistic protection equipment. For instance, Indian government is on the process of procuring 186 thousands bullet proof jackets for their soldiers.

    Ballistic Protection Market Share by Material Type

    Aramid fiber is expected to remain the largest material type in the ballistic protection market during the forecast period. Kevlar of DuPont and Twaron of Tejin are the world’s most recognized brands in the ballistic protection market and are extensively used in most of the major applications, such as body armor, helmets, vehicle armor, and tactical vests.

    Regional Insights

    North America is expected to remain the largest ballistic protection market during the forecast period. High defense spending by the US government, involvement of US military in middle east regions, such as Syria and Iraq, and increasing concern over terror attacks are some of the major drivers of the North American ballistic protection market.

    Asia-Pacific is expected to exhibit the fastest growth over the next five years, driven by mainly China and India. China and India, both are strengthening their defense system by continuously increasing government spending. Both countries are investing heavily on procuring/building advanced weapons and better ballistic protection equipment for their soldiers and law enforcement security forces. The hostile relation between some countries in Asia, such as India, Pakistan, China, and Korea is the major reason behind the high investment on ballistic protection equipment in Asia-Pacific region.  

    Key Players

    The supply chain of this market comprises of raw material suppliers, fiber glass manufacturers, fabric manufacturers, ballistic protection equipment manufacturers, distributors, and governments. The key ballistic protection equipment manufacturers are BAE Systems, E.I. DuPont De Nemours, Honeywell International, Royal TenCate NV, and Teijin Aramid. Lightweight product and new application development are the key strategies adopted by the key players to gain competitive edge in the market.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2014-2025

    Forecast

     >4% CAGR During 2020-2025

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries Covered

    The US, Canada, Mexico, Germany, France, The UK, Italy ,Russia, China, Japan, India, Middle East, Latin America and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Ballistic Protection Market Size, Share & Forecast by Product Type:

    • Personal Protective Equipment
      • (Sub-segment: Soft Armor, Hard Armor, and Personal Protective Headgear)
      • (Regional Analysis: NA, Europe, APAC, and RoW)
    • Vehicle Armor (Regional Analysis: NA, Europe, APAC, and RoW)

    Ballistic Protection Market Size, Share & Forecast by Material Type:

    • Aramid Fiber (Regional Analysis: NA, Europe, APAC, and RoW)
    • Glass Fiber (Regional Analysis: NA, Europe, APAC, and RoW)
    • Glass (Regional Analysis: NA, Europe, APAC, and RoW)
    • Lexan (Regional Analysis: NA, Europe, APAC, and RoW)

    Ballistic Protection Market Size, Share & Forecast by Application Type:

    • Defense (Regional Analysis: NA, Europe, APAC, and RoW)
    • Homeland Security (Regional Analysis: NA, Europe, APAC, and RoW)
    • Commercial (Regional Analysis: NA, Europe, APAC, and RoW)

    Ballistic Protection Market Size, Share & Forecast by Region:

    • North America (Country Analysis: USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, UK, Italy, Russia, and Rest of the Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of the Asia-Pacific)
    • Rest of the World (Country Analysis: Middle East and Latin America)

     

    Report Features

    This report, from Stratview Research, studies the global ballistic protection market over the period 2014 to 2025. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3)
    • SWOT analysis of key players (up to 3)

    Regional Segmentation

    • Current market segmentation of defense ballistic protection market by material type

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your enquiry at [email protected].


    Frequently Asked Questions (FAQs)

    What will be the growth of the Ballistic Protection Market in the foreseeable years?

    Driven by a number of factors like Increasing government spending in strengthening the defense sector &0 increasing conflicts between countries, the ballistic protection market is expected to witness an impressive growth of >4% CAGR During 2020-25.

    Who are the key players in the Ballistic Protection Market?

    BAE Systems, E.I. DuPont De Nemours, Honeywell International, Royal TenCate NV, and Teijin Aramid are among the key players in the ballistic protection market.

    Which region/country is expected to remain the largest Ballistic Protection Market?

    North America is expected to remain the largest ballistic protection market during the forecast period of 2020-25.

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