Global Ballistic Protection Materials Market Size, Share, Development, Growth and Demand Forecast to 2022 – Industry Insights by Type (Personal Protective Equipment, Vehicle Armor), by Material (Aramid, Glass, Carbon Fiber Composite, Lexan, Plastic) by End-Use (Defense, Homeland Security, Commercial)

  • Published: November 2016
  • Report Code: CM10697
  • Available Format: PDF
  • Pages: 116

The ballistic protection materials market is increasing significantly and offering huge growth potential. Globally, the increasing violence, insurgency and terrorist activities are generating huge demand for ballistic protection materials. Ballistic protection materials are the protective clothing, used to protect the soldiers, law enforcement forces, and vehicles from bullets, falling glass materials, explosive materials, mines, mortar and other hazardous materials. The companies are investing heavily in R&D activities to develop and manufacture innovative material that can reduce the weight of the armors, to increase the ability, agility, and mobility of soldiers.

Ballistic Protection Materials Market

The global ballistic protection materials market was valued at $8.8 billion in 2015, and it is expected to grow at a CAGR of 5.2% during 2016 - 2022. The growth driving factors in the global ballistic protection materials market includes increasing terrorist activities, growing social tension, increasing concern for VIP security, and growth in regional economies. Additionally, the demand for light weight body armor and technological advancement in the field of protection materials is expected to further propel the demand of ballistic protection materials.

Between the two types, the personal protective equipment held the larger share in global ballistic protection materials market. Among the various end-uses of ballistic protection materials, the defence segment significantly held the larger share in the global market in 2015. The reason behind the huge consumption of ballistic protection materials in defence segment is due the increasing conflict of defence personnel with anti-social elements and terrorists. The governments are spending heavily on army modernization to protect the society from terrorist’s threats.

North America held the largest share (40.2% in terms of value in 2015) in the global ballistic protection materials market. The region is expected to witness significant growth during the forecast period, owing to the increasing internal and external threats and demand of vehicle armor in commercial vehicles. Asia-Pacific is expected to witness the rapid growth during 2016 – 2022, in terms of value. Europe held the second largest share in global ballistic protection materials market, Owing to increasing armed conflicts and crossed border threats. Additionally, defence modernization programme implemented by various countries, such as China, India, Philippines, and Malaysia is further boosting the demand of ballistic protection materials. Africa has been exposed to long era of militancy and insurgency problems; which would offer ample growth opportunities for the global ballistic protection materials market. The region is expected to witness positive growth during the forecast period, due to the increasing demand for personal protective equipment and armored vehicles.

Some of the major competitors operating in the global ballistic protection material market include Teijin Limited, Honeywell International, BAE systems, ArmorWorks Enterprises LLC, Royal TenCate Corporate EMEA, DuPont, Morgan Advanced Materials PLC, Armorsource LLC, Australian Defence Apparel Pty Ltd, and Rheinmetall AG.

Place An Order
USD 4900 USD 5900 USD 7500
Customized Report Solution

Get a bespoke market intelligence solution

We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws