The Ballistic Protection Global Market Report 2023, provides comprehensive information on the ballistic protection market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Ballistic Protection Global Market Report 2023, the global ballistic protection market size is expected to grow from $12.60 billion in 2022 to $13.43 billion in 2023 at a compound annual growth rate (CAGR) of 6.60%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every market across the globe. The global ballistic protection market size is expected to reach $16.79 billion in 2027 at a CAGR of 5.75%.
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Product innovations are the key trends gaining popularity in the ballistic protection market. Major companies operating in the ballistic protection market are focused on developing new, innovative products to strengthen their position. For instance, in February 2022, Schuberth GmbH, a Germany-based manufacturer of safety helmets, protective headgear, and combat helmets, launched SCHUBERTH B.Ko.S., a ballistic head protection system. It is uniquely designed with SCHUBERTH universal clips that can adapt to a large number of slots provided, including the night vision shroud. The system has a rear rail that can be utilized to accommodate battery packs to increase power supply security and ensure the optimal balance of the helmet.
The ballistic protection market is segmented:
1) By Product Type: Personal Protection Equipment, Vehicle Protection Equipment
2) By Material: Aramid, Carbon Fiber Composites, Glass Fiber And Thermoplastic, Ceramic, Other Materials
3) By Platform: Land, Airborne, Marine
4) By Application: Defense, Homeland Security, Commercial, Other Applications
North America was the largest region in the ballistic protection market in 2022.
The table of contents in TBRC’s ballistic protection market report includes
1. Executive Summary
2. Ballistic Protection Market Characteristics
3. Ballistic Protection Market Trends And Strategies
4. Ballistic Protection Market – Macro Economic Scenario
5. Ballistic Protection Market Size And Growth
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26. Africa Ballistic Protection Market
27. Ballistic Protection Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ballistic Protection Market
29. Ballistic Protection Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Avon Protection
- BAE Systems
- DuPont
- Honeywell International Inc
- Point Blank Enterprises Inc
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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