Latest News- Ballistic Protection Market: Hard armor is expected to lead the Type segment during 2024-2028

The Ballistic Protection Market is being driven by Rising focus on light-weighting of ballistic protection equipment

The Ballistic Protection Market is expected to grow at a CAGR of 4.33% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3161.8 million. The Ballistic Protection Market represents a significant business opportunity for manufacturers and suppliers due to the increasing global security concerns and the growing demand for advanced protective solutions. This market encompasses a wide range of ballistic materials and technologies, including ceramic plates, composites, and armor systems, used in various applications such as military, law enforcement, and civilian sectors. Market growth is driven by factors such as rising terrorism and crime rates, as well as advancements in ballistic protection technology. Companies in this sector must stay abreast of emerging trends and regulatory requirements to remain competitive. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Hard armor
  • Soft armor
• Application
  • Defense
  • Homeland security
  • Commercial
• Geography
  • North America
    • US
  • Europe
    • Russia
    • UK
  • APAC
    • China
    • India
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising focus on light-weighting of ballistic protection equipment
• Rise in asymmetric warfare and threats
• Increasing cross-border terrorism and gun violence

However, the market also witnesses some limitations, which are as follows:

• Automation of warfare and defense systems leading to reduction in troop size
• Issues in optimizing weight and performance of ballistic protection gear
• Difficulties in meeting performance standards

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Market Scope in Ballistic Protection Market Research Report

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Research Analysis Overview

The Ballistic Protection Market encompasses a wide range of products designed to ensure high performance fiber-based solutions for personal and vehicle protection against security challenges. With increasing crime rates, national security, and personal safety concerns, the demand for ballistic protection equipment has surged. Coated fabrics made from advanced materials like Aramid fibers are at the forefront of this market, providing protection against bullets, improvised explosive devices (IEDs), munitions, and other weapons. Ceramics, another essential component, offers protection against heat, electrical shocks, mines, mortar, and explosive materials. Law enforcement priorities, defense partnerships, and strategic collaborations are driving the market, with geopolitical tensions and terrorism further fueling demand. Defense budgets and military modernization efforts continue to influence the market, with a focus on personnel protection equipment (PPE) and vehicle protection equipment (VPE). The material science community plays a crucial role in advancing ballistic protection technologies, with innovations in body armor, armor glass (like Kevlar), and ammunition. Homeland security forces, VIP security personnel, and first responders are key consumers, requiring protection against various threats, including IEDs and other explosive materials. The market is expected to grow significantly due to ongoing inter border conflicts and the need for advanced protection against weapons and other security threats.

Market Research Overview

The global aerospace and defense industry comprises companies involved in the manufacturing of commercial and general aviation aircraft, defense platforms for naval, land, and air applications, arms and ammunition, defense electronics, logistics equipment, and space technology. This sector encompasses not only original equipment manufacturing but also maintenance, repair, and overhaul (MRO) services for both commercial and defense sectors. According to Technavio, the capital goods market size is determined by the collective revenue generated by the key players in industries such as aerospace and defense, building and construction, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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