Global Ballistic Protection Market 2015-2019
About Ballistic Protection
Ballistic protection equipment protects both the soldiers and homeland security and law enforcement forces and vehicles (army and homeland security and law enforcement forces and private officials) against various materials such as bullets, explosive materials, falling glass materials, mortar, and mines. It also protects the soldiers and homeland security and law enforcement personnel from the electric shocks and heat, chemicals, biohazards, and physical hazards. The growing violence and the increase in the number of terror attacks is leading to high demand for ballistic protection equipment.
TechNavio's analysts forecast the Global Ballistic Protection market to grow at a CAGR of 5.21 percent over the period 2014-2019.
Covered in this Report
The Global Ballistic Protection market can be segmented into the following based on type: Hard Armor/Ballistics, Soft-body Armor, and Ballistic Head-gear. Based on end-user, the market is segmented into Defense Sector and Homeland Security and Law Enforcement Forces.
TechNavio's report, Global Ballistic Protection Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Ballistic Protection market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key Regions
TechNavio Announces the Publication of its Research Report – Global Ballistic Protection Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Ballistic Protection Market: BAE Systems plc, E.I. du Pont De Nemours and Co., Honeywell International Inc., Royal TenCate NV (Koninklijke Ten Cate nv) and Teijin Aramid BV.
Other Prominent Vendors in the market are: ArmorSource, ArmorWorks Enterprises, Australian Defense Apparel, Ceradyne, Eagle Industries, Morgan Advanced Materials, Point Blank Enterprises, Rheinmetall and Survitec Group.
Commenting on the report, an analyst from TechNavio’s team said: “The growing usage of improved raw materials such as ceramic, Kevlar/Twaron, and titanium to cater to the growing demand for strength of ballistic protection equipment combined with improved protection for soldiers is becoming one of the major trends in the market.”
According to the report, increased warfare as a result of armed conflicts, cross-border tension, and conflicts between countries is propelling the growth of the market. This has led to a rise in demand for ballistic protection equipment such as bulletproof vests, ballistic headgear, armored cars, and ballistic shields.
Further, the report states that ballistic protection equipment is essential for protection from and to minimize the impact of explosives, bullets, falling glass, and mortar shrapnel. However, one of the challenges in the market is the weight of the armor. Manufacturers use steel or iron to make ballistic protection armor, which increases the weight, thereby reducing mobility and flexibility.
BAE Systems, E.I. DuPont De Nemours, Honeywell International, Royal TenCate NV (Koninklijke Ten Cate nv), Teijin Aramid, ArmorSource, ArmorWorks Enterprises,AustralianDefense Apparel, Ceradyne, Eagle Industries, Morgan Advanced Materials, Point Blank Enterprises, Rheinmetall, Survitec Group