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
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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