About Ballistic Protection
Ballistic protection is the most common type of body armour and is also popularly known as ‘bulletproof vest’ or ‘bullet-resistant armour’. This type of body armour provides resistance to bullets, though exactly what types of bullets to resist depends on the level the armour is categorized at. Ballistic protection levels are assigned based on the ammunition the body armour can stop, with higher levels capable of resisting stronger ammunition. A bulletproof vest at Level IIIa can stop the vast majority of ammunition used in handguns and is the strongest soft body armour available. Higher levels require rigid plates made from materials like Ceramics or Polyethylene.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions expansions investments new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Ballistic Protection market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BAE Systems (United Kingdom), 3M (United States), Rheinmetall AG(Germany), Koninklijke Ten Cate bv(Netherlands), Point Blank Enterprises Inc(United States), Craig International Ballistics Pty Ltd(Australia), MKU Limited(India), Elmon(Greece), FMS Enterprises Migun Ltd(Israel) and Permali (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Revision Military(United States), Saab AB(Sweden) and Survitec Group Limited(United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Ballistic Protection market by Type (Soft Armor, Hard Armor, Protective Headgear and Vehicle Armor), Application (Defense, Homeland Security and Commercial) and Region.
On the basis of geography, the market of Ballistic Protection has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. Land will boost the Ballistic Protection market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Metals & Alloys will boost the Ballistic Protection market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Threat Level, the sub-segment i.e. Level II & Level IIA will boost the Ballistic Protection market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand forNeed for lightweight comfortable and high-strength materials and along with functionality
Market Growth Drivers:
Rising geopolitical pressures in developing markets, Changing battlefield scenarios and Increasing demand for personal protection
Challenges:
The high cost of lightweight armour and ballistic composite materials
Restraints:
Not able to provide complete protection
Opportunities:
Rapidly increasing demand in the Asia Pacific region and Advancements in ballistic protection composite materials
Market Leaders and their expansionary development strategies
In November 2019 Avon Rubber announced an agreement to acquire 3M'S ballistic protection business and has completed its acquisition of 3M's ballistic protection business in an approximately USD 116M cash deal.
In Jan 2020 ATCS introduces origami ballistic shield Swift Shield unfolds to provide six square-feet of light-weight, NIJ Level IIIA ballistic protection. The shield was unveiled at the SHOT Show this year with a partner, AEGIX Global, who will be selling and marketing the Swift Shield into the law enforcement space.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Ballistic Protection Manufacturer, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.