How Has the Ballistic Protection Market Size Evolved in Recent Years?
The ballistic protection market has seen considerable growth due to a variety of factors.
•In recent times, the ballistic protection market has experienced robust growth. It is projected that its value will increase from $13.99 billion in 2024 to $14.83 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.0%.
The notable expansion during the historic period is a reflection of global conflict and terrorism, initiatives towards military modernization, increasing expenditure on law enforcement, and an emphasis on soldier survival.
What are the Market Size and Expected Growth Rates for the Ballistic Protection Market?
The ballistic protection market is expected to maintain its strong growth trajectory in upcoming years.
• The market for ballistic protection is predicted to experience considerable expansion in the coming years. The market is projected to reach a value of "$18.47 billion by 2029, with a compound annual growth rate (CAGR) of 5.7%.
The market growth during this predicted period is due to factors such as an increase in asymmetric warfare threats, preparedness for urban warfare, concentration on comfort and mobility, integration of cybersecurity, and commercial utilizations. During the forecast period, major trends anticipated include technological unification, improvements in materials technology, advancements in materials themselves, the rise of smart textiles and wearable technology, adoption of energy-absorbing tech, and strides forward in nanotechnology research and development.
Which Drivers Are Accelerating Growth In The Ballistic Protection Market?
The escalation in terrorist activities is anticipated to drive the ballistic protection market onwards. Terrorist activities, defined as acts or threats made to forward a political, religious, or ideological cause or to manipulate or sway the government through intimidation or threats, necessitate ballistic protection. These measures enable the safe and secure arrest of a suspect and offer safeguards against terrorist activities, thus their increase is fueling market expansion. For example, in March 2023, the Global Terrorism Index 2023 reveals that in 2022, terrorist attacks resulted in an average of 1.7 deaths per incident, an increase from 1.3 deaths per incident in 2021. This data, published by the Australia-based think tank, Institute for Economics & Peace, points towards a growth in the severity of such incidents. Hence, these escalating levels of terrorist actions are propelling the ballistic protection market.
What Are The Core Segments Of The Global Ballistic Protection Market?
The ballistic protection market covered in this report is segmented –
1) By Product Type: Personal Protection Equipment, Vehicle Protection Equipment
2) By Material: Aramid, Carbon Fiber Composites, Glass Fiber And Thermoplastic, Ceramic, Other Materials
3) By Platform: Land, Airborne, Marine
4) By Application: Defense, Homeland Security, Commercial, Other Applications
Subsegments:
1) By Personal Protection Equipment: Body Armor, Helmets, Shields, Protective Clothing
2) By Vehicle Protection Equipment: Armored Vehicles, Ballistic Glass, Blast-Resistant Materials, Armor Kits
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Which Emerging Trends Are Reshaping The Ballistic Protection Market Size?
Leading firms in the ballistic protection market are creating cutting-edge products like Kevlar EXO in response to an escalating demand for superior protection gear. Kevlar EXO is an advanced aramid fiber that provides a unique blend of safeguarding, lightweight, and adaptability features. For example, DuPont de Nemours, Inc., a chemical corporation from the United States, introduced Kevlar EXO in April 2023. It is engineered to offer maximum flexibility and comfort, enhancing the wearing experience for users of body armor vests made from it. Kevlar EXO surpasses all other aramid fibers in terms of ballistic performance, leading to the development of best-in-category, lightest weight ballistic soft armor solutions.
Who Are the Key Players in the Ballistic Protection Market?
Major companies operating in the ballistic protection market include:
• Avon Protection plc .
• BAE Systems plc
• DuPont de Nemours Inc.
• Honeywell International Inc.
• Point Blank Enterprises Inc.
• Rheinmetall AG
• Saab AB
• Koninklijke Ten Cate BV
• Teijin Limited
• Survitec Group Limited
• ArmorWorks Enterprises LLC
• Revision Military Inc.
• ArmorSource LLC
• Southern States LLC
• MKU Limited
• GENTEX Corporation
• Tencate Advanced Armor
• Ceradyne Inc.
• Craig International Ballistics Pty Ltd
• EnGarde Body Armor
• Safariland LLC
• Blackhawk Industries Inc.
• Armor Express
• Ballistic Body Armor Pty Ltd
• BBI Detection
• C.P.E. Production Oy
• CQC Limited
• DMS Group
• Eagle Industries SAS
• Hellweg International
• HighCom Security Inc.
• International Armored Group
What are the Regional Insights into the Ballistic Protection Market?
North America was the largest region in the ballistic protection market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global ballistic protection market report during the forecast period. The regions covered in the ballistic protection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
