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Pulished Date January, 2021
ID: 10759
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Ballistic Protection Market Segmentation By Product (Personal Protective Equipment, Ballistic Blocks, Barrier Systems, Hull & Body, Weapon Station and Optronics, Pilot Seat Protection, Ballistic Floors, Windows and Doors, Engine Protection, and Others), By Technology (Hard Armor and Soft Armor), By Application (Military and Homeland Security), By Material (Metals & Alloys, Composites, Ceramics, Bulletproof Glass and Fabric), By Platform (Ground, Airborne, Marine), and By Region - Forecast To 2026

Pulished: January, 2021
ID: 10759
Pages: 175

Ballistic Protection Market Share Size and Forecast 2026:

Ballistic Protection Market is foreseen to propel from USD 12.6 billion in 2021 to USD 17.2 billion by 2026, and also register a CAGR of 6.4% during the projection period of 2021 to 2026.

Ballistic protection offers safety against penetration of projectiles of many speeds, shapes, and sizes. They are widely used in applications such as military, homeland, defense, and commerce. The material used to make the ballistic protection is selected based on its ability to absorb energy, as well as the speed and efficiency of that energy transfer.

Rising geopolitical tensions in emerging economies and massive defense spending due to internal conflicts and tensions in developing countries, such as Brazil, India and Russia, are expected to drive the growth of the ballistic protection industry in the coming days.

Recent developments:

• In March 2021, BAE Systems received a $ 339 million contract amendment from the US military for the production of 48 vehicle sets of the M109A7 self-propelled howitzer (SPH) and its partner, the M992A3 transporter, ammunition, tracked vehicle (CAT). This contract further includes support after delivery, along with the provision of spare parts.

• In December 2019, BAE Systems received a $ 249 million contract amendment from the US Army to complete an additional 60 M109A7 self-propelled howitzers that will enhance the artillery capabilities of El Armored Brigades combat teams. Army.

• In December 2019, Rheinmetall AG won a contract with the Royal Netherlands Armed Forces for the second phase of modernization of its Bergepanzer 3-Büffel / Buffalo armored recovery vehicle fleet.

• In December 2019, Leonardo Helicopters signed a deal with Permali for the delivery of a ballistic protection system for use in the Royal Navy’s new Commando Merlin Mk4 helicopters.

• In October 2019, BAE Systems received a $ 120 million contract from the United States Marine Corps for additional amphibious combat vehicles as part of the Low Rate Initial Production Third Order (LRIP).

Ballistic Protection Market Drivers and Restraints:

The high adoption of ballistic protection to improve the survivability of soldiers is a key factor in the growth of the global ballistic protection market. In addition, the growing defense budget in emerging economies is another factor supporting the growth of the worldwide market. Growing demand for technologically advanced equipment and corporate security awareness are also growth factors of the target market. Also, intensified research and development to make armor lighter weight is a factor that is estimated to increase the growth of the global ballistic protection market in the near future.

However, the high cost of ballistic protection equipment is a factor that may hamper the growth of the global business to some extent. In addition, high weight ballistic protection reduces mobility and is a difficult factor that could affect its demand among end-users. However, the growing adoption of lightweight bulletproof vests can create huge revenue opportunities for target market players.

Ballistic Protection Market segmentation:

Among products, the personal protective equipment segment is expected to show lucrative revenue growth in the near future. Personal protective equipment is designed to provide protection against biological, thermal, electrical, chemical, and physical hazards. Includes glasses, aids, clothing, etc. Different materials such as glass, Kevlar, Lexan, fiber, and aramid are used for the manufacture of protective equipment or clothing.

By technology, the soft armor personal protective equipment segment is expected to register strong growth in terms of revenue during the forecast period.

By platform, the airborne segment is expected to grow at a higher CAGR over the forecast period. It includes fixed-wing aircraft and helicopters and unmanned aerial vehicles (UAV). There is a growing demand for aircraft on various aerial platforms for military purposes. This demand is attributed to increased military spending in several countries, including China, Japan, South Korea, and the United States. The UAV segment is expected to experience the highest CAGR for the 2021-2026 forecast period. The growth of this segment is mainly credited to recent trends in the warfare dynamics that led to the arrival of drones on the battlefield.

By application, the Homeland Security segment is expected to grow at a higher rate than the military segment during the forecast period. Homeland Security officers wear a tough bulletproof vest in the field to protect against specific ballistic threats. National security officers use personal protective equipment, including bulletproof vests, ballistic helmets, and gloves, to ensure safety during any mission. Ballistic helmets can offer protection to the user by securing them from small arms fire and fragmentations. The combat systems used by National Security agents are resistant to ballistics because ceramics and thermoplastics strengthen them.

Regional Analysis:

At present, the North American market represents a significant share in terms of revenue and is expected to maintain its dominance during the outlook period. The high military budget and the presence of key players are factors that support the growth of the target market in countries like the United States and Canada in this region. Moreover, the increasing demand for armor for commercial vehicles is another factor that is estimated to drive the growth of the ballet protection market in North America. Europe represents the second-highest revenue share of the world market. However, defense budget cuts, due to the economic crisis in countries in this region, could affect the growth of the target market in the projection period.

The Asia-Pacific market is likely to show lucrative revenue growth in the near future, followed by the Middle East, Africa, and Latin America. The rising military budget in countries like China and India and the adoption of logistics support equipment are growth factors in the ballistic protection market in the Asia-Pacific.

Key market players:

Some of the major players in the global ballistic protection market are BAE Systems (UK), 3M (US), Rheinmetall AG (Germany), Koninklijke Ten Cate Bv (Netherlands), Point Blank Enterprises, Inc (United States), MKU Limited (India), Elmon (Greece), FMS Enterprises Migun Ltd (Israel), Permali (United Kingdom), Revision Military (United States), Saab AB (Sweden) and Survitec Group Limited (United Kingdom).

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                 

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods  

2. Research Methodology                                          

               2.1 Analysis Design                         

               2.2 Research Phases                      

                              2.2.1 Secondary Research            

                              2.2.2 Primary Research  

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation   

               2.3 Study Timeline                          

3. Report Overview                                       

               3.1 Executive Summary                 

               3.2 Key Inferences                       

4. Market Dynamics                                      

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restraints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                       

               4.3 Technology Timeline & Recent Trends 

5. Competitor Benchmarking Analysis                                    

               5.1 Key Player Benchmarking                      

                              5.1.1 Market share analysis         

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquisition Landscape                       

               5.3 Joint Ventures & Collaborations                         

6. Market Segmentation                              

               6.1 Ballistic Protection Market, By Product                           

                              6.1.1 Personal Protective Equipment        

                              6.1.2 Ballistic Blocks       

                              6.1.3 Barrier Systems      

                              6.1.4 Hull & Body             

                              6.1.5 Weapon Station & Optronics            

                              6.1.6 Pilot Seat Protection           

                              6.1.7 Engine Protection 

      6.1.8 Ballistic Floors, Windows, and Doors              

                6.1.9 Market Size Estimations & Forecasts (2021-2026)     

                              6.1.10 Y-o-Y Growth Rate Analysis            

                              6.1.11 Market Attractiveness Index          

               6.2 Ballistic Protection Market, By Application                     

                              6.2.1 Homeland Security

                              6.2.2 Military     

  6.2.3 Market Size Estimations & Forecasts (2021-2026)     

                              6.2.4 Y-o-Y Growth Rate Analysis              

                              6.2.5 Market Attractiveness Index             

               6.3 Ballistic Protection Market, By Technology                    

                              6.3.1 Hard Armor             

                              6.3.2 Soft Armor              

 6.3.3 Market Size Estimations & Forecasts (2021-2026)     

                              6.3.4 Y-o-Y Growth Rate Analysis              

                              6.3.5 Market Attractiveness Index             

               6.4 Ballistic Protection Market, By Material                          

                              6.4.1 Metals & Alloys      

                              6.4.2 Composites            

                              6.4.3 Ceramics  

                              6.4.4 Bulletproof Glass   

                              6.4.5 Fabric        

    6.4.6 Market Size Estimations & Forecasts (2021-2026)     

                              6.4.7 Y-o-Y Growth Rate Analysis              

                              6.4.8 Market Attractiveness Index             

               6.5 Ballistic Protection Market, By Platform                         

                              6.5.1 Ground     

                              6.5.2 Airborne   

                              6.5.3 Marine      

        6.5.4 Market Size Estimations & Forecasts (2021-2026)     

                              6.5.5 Y-o-Y Growth Rate Analysis              

                              6.5.6 Market Attractiveness Index             

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region  

               7.2 North America - Market Analysis (2021 - 2026)  

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Product              

                              7.2.3 By Application        

                              7.2.4 By Technology       

                              7.2.5 By Material             

                              7.2.6 By Platform            

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Product              

                              7.3.3 By Application        

                              7.3.4 By Technology       

                              7.3.5 By Material             

                              7.3.6 By Platform            

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Product              

                              7.4.3 By Application        

                              7.4.4 By Technology       

                              7.4.5 By Material             

                              7.4.6 By Platform            

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Product              

                              7.5.3 By Application        

                              7.5.4 By Technology       

                              7.5.5 By Material             

                              7.5.6 By Platform            

               7.6 Middle East and Africa                           

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Product              

                              7.6.3 By Application        

                              7.6.4 By Technology       

                              7.6.5 By Material             

                              7.6.6 By Platform            

8. Key Player Analysis                                   

               8.1 BAE Systems              

                              8.1.1 Business Description            

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments         

                              8.1.6 Analyst Overview  

               8.2 3M                

               8.3 Rheinmetall AG                        

               8.4 Koninklijke Ten Cate BV                         

               8.5 Point Blank Enterprises, Inc                  

               8.6 MKU Limited                             

               8.7 Elmon                          

               8.8 Saab AB                       

               8.9 Permali                        

               8.10 Revision Military                    

9. Market Outlook & Investment Opportunities                                  

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, regional, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identify the regions that are still untapped
  • The segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Barrier Systems Market By Region, From 2021-2026 ( USD Billion )
  2. Global Hull & Body Market By Region, From 2021-2026 ( USD Billion )
  3. Global Weapon Station & Optronics Market By Region, From 2021-2026 ( USD Billion )
  4. Global Pilot Seat Protection Market By Region, From 2021-2026 ( USD Billion )
  5. Global Engine Protection Market By Region, From 2021-2026 ( USD Billion )
  6. Global Ballistic Floors, Windows and Doors Market By Region, From 2021-2026 ( USD Billion )
  7. Global Ballistic Protection Market By Application, From 2021-2026 ( USD Billion )
  8. Global Homeland Security Market By Region, From 2021-2026 ( USD Billion )
  9. Global Military Market By Region, From 2021-2026 ( USD Billion )
  10. Global Ballistic Protection Market By Technology, From 2021-2026 ( USD Billion )
  11. Global Hard Armor Market By Region, From 2021-2026 ( USD Billion )
  12. Global Soft Armor Market By Region, From 2021-2026 ( USD Billion )
  13. Global Ballistic Protection Market By Material, From 2021-2026 ( USD Billion )
  14. Global Metals & Alloys Market By Region, From 2021-2026 ( USD Billion )
  15. Global Composites Market By Region, From 2021-2026 ( USD Billion )
  16. Global Ceramics Market By Region, From 2021-2026 ( USD Billion )
  17. Global Bulletproof Glass Market By Region, From 2021-2026 ( USD Billion )
  18. Global Fabric Market By Region, From 2021-2026 ( USD Billion )
  19. Global Ballistic Protection Market By Platform, From 2021-2026 ( USD Billion )
  20. Global Ground Market By Region, From 2021-2026 ( USD Billion )
  21. Global Airborne Market By Region, From 2021-2026 ( USD Billion )
  22. Global Marine Market By Region, From 2021-2026 ( USD Billion )

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