Ballistic Protection Equipment Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Equipment (Helmet, Protective Vests And Jackets, Others), By End-Use (Defense, Law Enforcement And Security), And By Geography – Forecast From 2019 To 2024
- Published : May 2021
- Report Code : KSI061612832
- Pages : 129
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The ballistic protection equipment market was valued at US$9.935 billion in 2018 and is projected to grow at a CAGR of 4.16% during the forecast period to reach US$12.688 billion in 2024. The rising government budget to boost the defense sector is the major driver of the Ballistic Protection Equipment market. Growing conflicts among different countries and the rising threat of terrorist attacks are pressurizing governments to strengthen their defense sector, thus positively impacting the growth of the ballistic protection equipment market. Rising investments in R&D to develop advanced ballistic protection equipment will further propel the growth of the ballistic protection equipment market during the forecast period.
DRIVERS
Increasing defense budget
RESTRAINTS
High cost of ballistic protection equipment
INDUSTRY UPDATE
Avon Rubber has recently signed an agreement to acquire 3M’s Ballistic Protection Equipment business and the rights to the Ceradyne brand for approximately $91 million.
In July 2019, the leading Australian defense company XTEK entered into a binding agreement to acquire HighCom Armor Solutions.
The major players profiled in the Ballistic Protection Equipment market include BAE Systems, Point Blank Enterprises, Inc., Morgan Advanced Materials, Mile Dragic Production, Combat Protective Equipment (CPE), Safariland, LLC, Bennett Safetywear, Teijin, HighCom, and Kanas Group.
Ballistic Protection Equipment Market Scope:
| Report Metric | Details |
| Market size value in 2018 | US$9.935 billion |
| Market size value in 2024 | US$12.688 billion |
| Growth Rate | CAGR of 4.16% from 2018 to 2024 |
| Base year | 2018 |
| Forecast period | 2019–2024 |
| Forecast Unit (Value) | USD Billion |
| Segments covered | Equipment, End-Use, And Geography |
| Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered | BAE Systems, Point Blank Enterprises, Inc., Morgan Advanced Materials, Mile Dragic Production, CPE Production OY, Safariland, LLC, Bennett Safetywear, Teijin, HighCom, Kanas Grou |
| Customization scope | Free report customization with purchase |
Segmentation
The ballistic protection equipment market has been analyzed through the following segments:
• By Equipment
o Helmet
o Protective Vests and Jackets
o Others
• By End Use
o Defense
o Law enforcement and security
• By Geography
o North America
USA
Canada
Mexico
o South America
Brazil
Argentina
Others
o Europe
United Kingdom
Germany
France
Italy
Others
o Middle East and Africa
Saudi Arabia
UAE
Israel
Others
o Asia Pacific
China
Japan
India
Australia
Others
Frequently Asked Questions (FAQs)
Q1. What will be the ballistic protection equipment market size by 2024?
A1. The ballistic protection equipment market is projected to reach a total market size of US$12.688 billion in 2024.
Q2. What are the growth prospects for ballistic protection equipment market?
A2. The global ballistic protection equipment market is projected to grow at a CAGR of 4.16% over the forecast period.
Q3. What is the size of global ballistic protection equipment market?
A3. Ballistic Protection equipment market was valued at US$9.935 billion in 2018.
Q4. What factors are anticipated to drive ballistic protection equipment market growth?
A4. The rising government budget to boost the defense sector is the major driver of ballistic protection equipment market.
Q5. Who are the major players in the ballistic protection equipment market?
A5. The major players profiled in the Ballistic Protection Equipment market include BAE Systems, Point Blank Enterprises, Inc., Morgan Advanced Materials, Mile Dragic Production, Combat Protective Equipment (CPE), Safariland, LLC, Bennett Safetywear, Teijin, HighCom, and Kanas Group.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. BALLISTIC PROTECTION EQUIPMENT MARKET BY TYPE
5.1. Helmet
5.2. Protective Vests and Jackets
5.3. Others
6. BALLISTIC PROTECTION EQUIPMENT MARKET BY APPLICATION
6.1. Defense
6.2. Law enForcesment and security
7. BALLISTIC PROTECTION EQUIPMENT MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. United Kingdom
7.3.2. Germany
7.3.3. France
7.3.4. Italy
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.4.2. UAE
7.4.3. Israel
7.4.4. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. India
7.5.4. South Korea
7.5.5. Others
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. BAE Systems
9.2. Point Blank Enterprises, Inc.
9.3. Morgan Advanced Materials
9.4. Mile Dragic Production
9.5. CPE PRODUCTION OY
9.6. Safariland, LLC
9.7. Bennett Safetywear
9.8. Teijin
9.9. HighCom
9.10. Kanas Group
LIST OF FIGURES
LIST OF TABLES
BAE Systems
Point Blank Enterprises, Inc.
Morgan Advanced Materials
Mile Dragic Production
CPE Production OY
Safariland, LLC
Bennett Safetywear
Teijin
HighCom
Kanas Grou
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