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There are actually many factors that determine the market of ballistic protection in the world. The main factor is that there is universal increase in security threats across the globe, which has forced nations to invest heavily in their defensive mechanisms. This makes military and law enforcement agencies demand increased ballistic protective solutions like stronger armors for individuals against firearms and explosives.
Technological innovation is a key driver of change within the Ballistic Protection Market. Breakthroughs in materials science, manufacturing processes, and design approaches all contribute to state-of-the-art protective systems. These dynamics are defined by an ongoing search for technologies that can make ballistic armor and equipment more protective; thus, keeping them ahead in terms of countering ever-changing threats from ballistics.
The geopolitical landscape significantly influences market dynamics for Ballistic Protection. Varying global security postures as well as regional tensions and emerging threats have a bearing on the types of safety measures required by users. Consequently, it means that various players have to develop armor systems that can be adjusted accordingly depending on what kind of ballistic situations they may find themselves in. Thus, dynamics reflect a need for solutions developed with regard to military needs and external threats faced by different arms worldwide.
A demand for multi-threat protection solution arises from adaptability nature of ballistic threats while adversaries employ innovative tactics aimed at overcoming traditional armors’ limitations, these market dynamics drive development of such solutions capable providing effective protection against varied spectrum of ballistic hazards including rifle rounds and armor piercing projectiles or explosive devices. In response to this market continually refines/expands its capabilities because people need improvements for them to match current threat landscape.
The Ballistic Protection Market is driven by the need for lightweight and ergonomic designs. Especially military forces and police services have a preference for those who would provide maximum comfort and flexibility during operation time without undermining personal well-being through safety guarantee provided by this body armor technology (Powers et al., 2014). With respect to market condition, materials and designs that are flexible with low weight gain are currently most favored because of agile person’s protection needs.
The market is shaped by the increasing concerns about personal safety even in civilian environments. There are numerous cases where people have worried over security matters like school shootings and terrorism thus making more schools, public places and companies to demand for ballistic protective solutions. In essence, it means that the market has made sure that there is something which can be adjusted within a community setting to protect civilians through coming up with scalable and adaptable products.
Collaboration and partnerships are important factors in the defense and security industry markets. It should be noted that, different manufactures, research institutions and military organizations work together so as to get advanced armor systems using modern materials or even improved production processes combined with information on new types of threats. Collaborative efforts in this market drive innovations, help tackle emerging challenges and made sure that ballistic protection technologies continuously change.
These regulations include standardization requirements as well as accreditation procedures which determine how the overall dynamics of Ballistic Protection Market. When manufacturing ballistics protective gear, these companies must stick to some international standards while observing tight procedures during testing their commodities for reliability purposes. Dynamics of the market also depend on whether they meet or surpass industrial norms; hence instilling confidence among potential users regarding performance/reliability of available body armors (Powers et al., 2014).
Ballistic Protection Market Highlights:
Global Ballistic Protection Market Overview
Global Ballistic Protection Market Size is Anticipated to reach USD 19.560 Billion by 2030 and register a CAGR of 6.31%. Ballistic protection products serve the purpose of protecting homeland security & law enforcement forces, army vehicles, and soldiers from bullets, explosive materials, mortar, mines, electrical shocks, heat, chemicals, and biohazards.
Market Synopsis
Global Ballistic Protection Market is expected to register significant growth during the forecast period owing to factors such as rising political unrest and instability as well as increasing incidences of terrorism. Furthermore, growing domestic conflict is also expected to drive the growth of the market. Additionally, the increasing adoption of ballistic protection equipment by the armed forces of developed countries such as the UK to offer enhanced security to military personnel is also expected to drive the growth of the market. For example, in December 2019, Leonardo SpA signed a contract with Permali to acquire ballistic protection systems for the UK Royal Navy's new Commando Merlin Mk4 helicopters.
However, issues related to heavy equipment weight affecting the mobility of security forces and high development costs might hinder the market growth.
Market USP
Advancements in technology and the growing use of advanced materials for manufacturing ballistic protection equipment is expected to drive the growth of the segment.
Market Drivers
- Changing Nature of Warfare
- Need for Comfortable, Lightweight, and High-Strength Materials
- Growing Domestic Conflicts: Increasing geopolitical tension and rising terrorism are expected to drive the growth of the ballistic protection market.
Market Restraints
- Issues Related to Heavy Equipment Weight
- High Cost of Development
- Stringent Government Regulations
Market Segmentation
By Platform
- Land: The segment dominated the market in 2019 owing to growing territorial conflicts and increasing military modernization programs.
- Airborne: The segment is expected to grow at the highest CAGR during the forecast period from 2020 to 2026. The changes in the dynamics of war and the introduction of UAVs on the battlefield have resulted in the growth of this segment.
- Marine: The increasing development of connected and autonomous ships that support advanced security systems is expected to drive the growth of the segment. Furthermore, the growing need to offer enhanced safety to navy personnel is also expected to drive the growth of the segment.
By Technology
- Soft Armor: The segment dominated the global market in 2019 as soft armor offers benefits such as high shear strength, light weight, and high flexibility, which are expected to boost the growth of this segment.
- Hard Armor: The segment is expected to record higher CAGR during the forecast period. Hard armor is comparatively thicker and more rigid than soft armor. Polymer composites reinforced with steel and ceramics are used to make hard armor.
By Application
- Defense: The segment dominated the market in 2019. The increasing adoption of ballistic protection by the US Air Force to offer enhanced safety to the military forces deployed in rough terrains is expected to drive the growth of the segment during the review period.
- Homeland Security: The segment is expected to grow at the higher CAGR during the forecast period, 2020 to 2028. The homeland security officers use combat systems, which are ballistic resistant due to being reinforced with ceramics and thermoplastics; thus, the demand from homeland security forces is expected to boost the growth of this segment.
By Material
- Aramid: Aramid fiber is extensively used in manufacturing safety equipment such as body armor, helmets, vehicle armor, and tactical vests.
- Glass Fiber: Increasing government regulations regarding passenger, crew, and officers' safety is expected to drive the growth of the segment. Increasing initiatives undertaken by government bodies to provide safe barriers such as bulletproof glass, vests, cars, buses to the soldiers and officers to avoid casualties are expected to drive the growth of the segment.
- Composites: Composites offer advantages such as corrosion resistance and excellent fatigue. Additionally, the growing use of composites for manufacturing aerospace components is also expected to drive the growth of this segment. Hence, the segment dominated the market in 2019 and is expected to grow at the highest CAGR from 2020 to 2026.
- Ceramic: The hard armor-type equipment is made from polymer composites reinforced ceramic.
- Fabric: The increasing adoption of fabric to manufacture lightweight ballistic clothing is expected to drive the growth of the segment.
- Metals & Alloys: Increasing military modernization programs are expected to drive the growth of the segment.
By Region
- North America: North America dominated the global ballistic protection market in 2019 due to the presence of prominent companies such as Honeywell International, Inc., and 3M.
- Europe: The increasing investments made by the governments of countries such as the UK in procuring ballistic protection equipment for the armed forces are expected to drive the market growth in the region.
- Asia-Pacific: The market in this region is projected to register the highest CAGR during the forecast period. Increasing territorial conflicts in the region and rising defense expenditures of countries such as China and India are driving the market growth in Asia-Pacific.
- Middle East: Increasing terrorist activities in the region are driving the market growth in the Middle East.
- Rest of the World: Extreme warfare situations in countries such as Mexico and African countries are expected to fuel the demand for ballistic protection equipment in these regions.
Key Players
- BAE Systems (UK)
- 3M (US)
- Rheinmetall AG (Germany)
- Koninklijke Ten Cate bv (Netherlands)
- FMS Enterprises Migun LTD. (Israel)
- Point Blank Enterprises, Inc. (US)
- DuPont (US)
- ADA (Australia)
- Survitec Group Limited (UK)
- ArmorWorks (US)
Other Prominent Players
- Revision Military (US)
- ArmorSource, LLC (US)
- Southern States, LLC (US)
- Craig International Ballistics Pty Ltd. (Australia)
- Teijin Limited (Japan)
- Saab AB (Sweden)
- MKU Limited (India)
- Morgan Advanced Materials plc (UK)
- ELMON (Greece)
- Honeywell International, Inc. (US)
- Permali (UK)
Recent Development:
- BAE Systems:Â Information on specific recent developments is limited, but BAE Systems, a major player, is known to continuously invest in R&D for advanced ballistic protection solutions.
- DuPont:Â Similar to BAE Systems, details on recent developments are scarce. However, DuPont is a leader in ballistic materials, so they likely focus on innovation in this area.
- Saab AB: Likewise, recent specific developments aren't readily available. Saab is a major company and likely concentrates on advancements in ballistic protection technology.
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