Ballistic Protection Materials Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024
Ballistic Protection Materials Market Overview :
Ballistic protection materials are capable of stopping a bullet or similar high velocity projectiles such as shrapnel from getting penetrated into it. It is a protective clothing which is used to defend soldiers or persons from ammos, bullets, mortars, and pieces of exploded materials. With the improvement of latest lethal weapons, the requirement for better defensive clothing came into existence, which is not only light-weight but also almost protects the human body from brutal damages. Considering this, many advanced materials & fibres have been developed and improved over the time to strengthen protection against offensive weapons. These materials are used to produce many protective equipment comprising helmets, body armors, and armor for vehicles, among others.
The global ballistic protection materials market is primarily driven by factors such as growing terrorism attacks & increasing violence globally, and rising concerns towards soldiers’ survivability. However, high cost of these materials is the major hindrance for the market growth. Furthermore, increasing defense expenditure, and growing need for new gadgets & devices is expected to generate several growth opportunities for the market in the forecast period.
The global ballistic protection materials market is mainly classified on the basis of product type, armor type, applications, end-use, and geography. By product type, the market is divided into polyethylene, and aramid. By armor type, the market is segregated into hard, and soft. By applications, the market is categorized into helmets, body armors, face protection, vehicle armors, and other armors. While by end-use, the market comprises defence, homeland security, and commercial.
Based on geography, ballistic protection materials market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consist of UK, Russia, Germany, France, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key players operating in the market are DuPont, Honeywell International, BAE Systems plc, Rheinmetall AG, Inc., Teijin Aramid, Ceradyne, Inc., Koninklijke Ten Cate N.V., Morgan Advanced Materials, FY-Composites Oy, and ArmorWorks Enterprises, LLC, among others.
The key takeaways from the report
- The report will provide detailed analysis of Global Ballistic Protection Materials Market with respect to major segments such as product type, armor type, application, and end-use
- The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Global Ballistic Protection Materials Market has been included in the report
- Profile of the key players in the Global Ballistic Protection Materials Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of Global Ballistic Protection Materials Market
Product Type Segments
Armor Type Segments
- Body Armors
- Face Protection
- Vehicle Armors
- Other Applications
- Homeland Security
- Rest of Europe
- Rest of Asia-Pacific
- South America
- Middle East