Ballistic Protection Market Size

Ballistic Protection Market Future Prospects

The global ballistic protection market size stands at USD 14.5 billion in 2024, and it will grow at a CAGR of 5.0% during 2025–2032, to reach USD 21.2 billion by 2032. This is majorly due to the frequent use of ballistic protective materials in military and law enforcement organizations all around the world, to shield law enforcement personnel, military personnel, and vehicles from projectiles, mines, mortars, falling glass, explosives, and other dangerous materials. Moreover, these protective materials function in an unusual way, typically when they are struck by explosives or bullets.

In addition, the expansion of the homeland security forces, including police, first responders, and VIP security staff, and the increase in the defense budget are responsible for the market expansion. Also, governments concentrate on bolstering and protecting their military capabilities, as a result of the surge in cross-border disputes.

Moreover, it is anticipated that the increasing concerns about boosting army survivability and the rising defense spending by developing economies, as well as heightened competition between governments to show off their might, are likely to fuel the market expansion. Additionally, it is projected that the market will continue to be driven by the rising demand for newer gadgets and devices throughout the course of the forecast period due to continued technological innovation.

Furthermore, modern armies and police enforcement agencies are required to be protected from a variety of bullets and bullet fragments. Prison guards, money transporters, and private citizens all need to be safeguarded in today's world because they face heightened risks, in addition to troops and police officers. For instance, most protective vests in the market are made of Twaron and Endumax, which offer better protection, increased comfort, and favorable performance-to-weight ratios.