Ballistic Protection Market by Application and Geography — Forecast and Analysis 2020–2024
The ballistic protection market size has the potential to grow by USD 2.83 billion during 2020–2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by application (defense, homeland security, and commercial) and geography (North America, Europe, APAC, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 3M Co., Avon Rubber Plc, BAE Systems Plc, Craig International Ballistics Pty Ltd, DuPont de Nemours Inc., Hellweg International Pty Ltd, Honeywell International Inc., Point Blank Enterprises Inc., Saab AB, and Tennessee Acquisition Holding BV.
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The market is fragmented. 3M Co., Avon Rubber Plc, BAE Systems Plc, Craig International Ballistics Pty Ltd, DuPont de Nemours Inc., Hellweg International Pty Ltd, Honeywell International Inc., Point Blank Enterprises Inc., Saab AB, and Tennessee Acquisition Holding BV are some of the major market participants. Factors such as focus on lightweighting of ballistic protection equipment will offer immense growth opportunities. However, developments in war automation leading to reduction in troop size may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this ballistic protection market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this ballistic protection market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- 3M Co.
- Avon Rubber Plc
- BAE Systems Plc
- Craig International Ballistics Pty Ltd
- DuPont de Nemours Inc.
- Hellweg International Pty Ltd
- Honeywell International Inc.
- Point Blank Enterprises Inc.
- Saab AB
- Tennessee Acquisition Holding BV
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. North America will offer several growth opportunities to market vendors during the forecast period. Innovations in materials used for bulletproof vests will significantly influence ballistic protection market’s growth in this region.
38% of the market’s growth will originate from North America during the forecast period. The US is a key market for ballistic protection solutions in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the ballistic protection market size.
