Global Ballistic Protection Market 2020-2024
Technavio has been monitoring the ballistic protection market and it is poised to grow by USD 2.83 bn during 2020-2024 progressing at a CAGR of 5% during the forecast period. Our reports on ballistic protection market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the focus on lightweighting of ballistic protection equipment, rise in asymmetric warfare and threats and increasing cross-border terrorism and gun violence. In addition, focus on lightweighting of ballistic protection equipment is anticipated to boost the growth of the market as well.
The ballistic protection market analysis includes application segment and geographical landscapes
Technavio's ballistic protection market is segmented as below:
- Homeland security
By Geographical Landscapes
- North America
- South America
This study identifies the innovations in materials used for bulletproof vests as one of the prime reasons driving the ballistic protection market growth during the next few years. Also, rising number of soldier modernization programs and integration of electronic components will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our ballistic protection market covers the following areas:
- Ballistic protection market sizing
- Ballistic protection market forecast
- Ballistic protection market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ballistic protection market vendors that include 3M Co., Avon Rubber Plc, BAE Systems Plc, Craig International Ballistics Pty Ltd, DuPont de Nemours Inc., Hellweg International Pty Ltd, Honeywell International Inc., Point Blank Enterprises Inc., Saab AB, and Tennessee Acquisition Holding BV. Also, the ballistic protection market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.