Ballistic Protection Market Scope
Ballistic protection is the most common type of body armour and is also popularly known as ‘bulletproof vest’ or ‘bullet-resistant armour’. This type of body armour provides resistance to bullets, though exactly what types of bullets to resist depends on the level the armour is categorized at. Ballistic protection levels are assigned based on the ammunition the body armour can stop, with higher levels capable of resisting stronger ammunition. A bulletproof vest at Level IIIa can stop the vast majority of ammunition used in handguns and is the strongest soft body armour available. Higher levels require rigid plates made from materials like Ceramics or Polyethylene.
The Ballistic Protection market study is segmented by Type (Soft Armor, Hard Armor, Protective Headgear and Vehicle Armor), by Application (Defense, Homeland Security and Commercial) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions expansions investments new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Ballistic Protection market throughout the predicted period.
BAE Systems (United Kingdom), 3M (United States), Rheinmetall AG(Germany), Koninklijke Ten Cate bv(Netherlands), Point Blank Enterprises Inc(United States), Craig International Ballistics Pty Ltd(Australia), MKU Limited(India), Elmon(Greece), FMS Enterprises Migun Ltd(Israel) and Permali (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Revision Military(United States), Saab AB(Sweden) and Survitec Group Limited(United Kingdom).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Ballistic Protection market by Type, Application and Region.
On the basis of geography, the market of Ballistic Protection has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In November 2019 Avon Rubber announced an agreement to acquire 3M'S ballistic protection business and has completed its acquisition of 3M's ballistic protection business in an approximately USD 116M cash deal.
In Jan 2020 ATCS introduces origami ballistic shield Swift Shield unfolds to provide six square-feet of light-weight, NIJ Level IIIA ballistic protection. The shield was unveiled at the SHOT Show this year with a partner, AEGIX Global, who will be selling and marketing the Swift Shield into the law enforcement space.
- Demand forNeed for lightweight comfortable and high-strength materials
- along with functionality
- Rising geopolitical pressures in developing markets
- Changing battlefield scenarios
- Increasing demand for personal protection
- Rapidly increasing demand in the Asia Pacific region
- Advancements in ballistic protection composite materials
- Not able to provide complete protection
- The high cost of lightweight armour and ballistic composite materials
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Ballistic Protection Manufacturer, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industry
Frequently asked questions:1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Ballistic Protection Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.