Know More About “Ballistic Protective Equipment Market 2019-2025” Growth Worldwide…..|Grand View Research, Inc.



The global ballistic protective equipment market size is anticipated to reach USD 5.75 billion by 2025, according to a new report by Grand View Research, Inc. Increasing tensions between nations and across borders have heightened the demand for ballistic protection products like headgear, bulletproof vests, shields, armored car, eyewear, and missiles among different end-users.
Technological proliferation is pivotal in the industry, and the market is witnessing a high demand for innovative gears such as DEFCON, liquid body armor, and dragon skin. Furthermore, the escalating need for ensuring the safety of soldiers and military personnel is leading to a large-scale procurement of armor wear by government agencies.
A rise in military conflict is increasing the need for protective gear for safeguarding the armed forces mainly in the emerging economies such as China and India. These military super powers are continuously focusing on the replacement of the legacy military product and also consequently rising their spending in the defense sector. Such modernization activities are creating tremendous opportunities for expansion of ballistic protective equipment market.
Ultra-high molecular weight polyethylene (UHMWPE) products are anticipated to witness the fastest growth over the forecast period at a CAGR of 4.6% over the next nine years. Several government initiatives are encouraging the usage of such lightweight and durable materials for developing ballistic suits, which are anticipated to increase the UHMWPE material demand over the forecast period.
The prominent raw material vendors in the body armor industry include DuPont Company, Honeywell International, Inc., Toyobo Co., and Teijin Twaron. The ballistic protective equipment manufacturers procure the raw materials for commencing the production of bulletproof helmets, soft, and hard armors. The major vendors operating in this industry include MKU, 3M Company, BAE Systems Plc, EnGarde, PSP, Inc., and Tencate.
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The global ballistic protective equipment market size was valued at USD 3.87 billion in 2015. The industry is anticipated to witness sustainable growth over the forecast period on account of growing internal as well as external security threats as a consequence of conflicts between nations along with rising warfare situations. Growing national anti-terrorist attack preparedness in most of the economies have also dramatically impacted sales of armor wear globally.
Further key findings from the report suggest:
·         Head protection gear is anticipated to emerge as the fastest growing end-use and is expected to reach USD 1,449 million by 2025
·         North America emerged as the leading regional segment and accounted for 38.1% of the total revenue share in 2015
·         Europe was the second major consumer globally. Russia, France, UK, Italy, and Germany were key demand centers primarily due to a significant chunk of defense spending centered towards advanced military protective gears. Russia dominated the regional demand accounting for over 22% of the revenue generated in Europe in 2015
·         China demand for aramid fiber-based armor wear was valued at USD 42.7 million in 2015 and is estimated to grow at a CAGR of 6.2% from 2016 to 2025 to reach a net worth exceeding USD 77 million by 2025
·         Major players operating in the global ballistic protective equipment market include MKU, 3M Company, BAE Systems Plc, EnGarde, PSP, Inc., and Tencate
Increasing need for innovative devices and gadgets on account of technological advancement is also anticipated to increase the product demand over the forecast period. The high cost associated with protective equipment is projected to hamper the industry growth over the projected period.
The heavy material weight is affecting the personnel mobility adversely which is also expected to negatively impact the industry growth. Increasing usage of better raw materials to decrease ballistic product weight along with innovation of breathable armor wear is anticipated to create new opportunities for the industry participants for further investments.
The major raw materials include powder mixture of ceramics & metallic compounds, fabrics, and other high performance materials such as carbon polymers, steel, and titanium. Aramid fiber emerged as the leading raw material segment and accounted for over 33% of the total revenue in 2015. Ability of the aramid fiber and relative blends to be easily molded for manufacturing ballistic helmets and body armor is the key factor responsible for high market penetration.
Ultra high molecular weight polyethylene (UHMWPE) is anticipated to emerge as the fastest growing material segment with an estimated CAGR of 4.6% from 2016 to 2025. The finished products are majorly used across the defense industry for personnel protection and tactical armor wear, owing to its very high impact strength and excellent stab resistance. Excellent mechanical properties that tend to decrease time spent in material molding and cutting, thus enhancing faster manufacturing on short delivery time-periods are the major factors expected to drive the segment growth over the forecast period.
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https://www.grandviewresearch.com/press-release/global-ballistic-protective-equipment-market
Grand View Research has segmented the global ballistic protective equipment market on the basis of raw material, product, end-use:
Ballistic Protective Equipment Raw Material Outlook (Revenue, USD Million, 2014 - 2025)
·         Aramid
·         Composites
·         UHMWPE
·         Steel
·         Others
Ballistic Protective Equipment Product Outlook (Revenue, USD Million, 2014 - 2025)
·         Head Protection
·         Soft Armor
·         Hard Armor
Ballistic Protective Equipment End-use Outlook (Revenue, USD Million, 2014 - 2025)
·         Defense
·         Law enforcement & security
·         Commercial

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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