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Ballistic Protection - Global Market Trajectory & Analytics

  • ID: 4804370
  • Report
  • April 2021
  • Region: Global
  • 280 pages
  • Global Industry Analysts, Inc
Global Ballistic Protection Market to Reach $12.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Ballistic Protection estimated at US$10 Billion in the year 2020, is projected to reach a revised size of US$12.8 Billion by 2027, growing at a CAGR of 3.6% over the period 2020-2027. Personal Protective Equipment (PPE), one of the segments analyzed in the report, is projected to record 3.7% CAGR and reach US$11.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vehicle Armor segment is readjusted to a revised 2.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 6.4% CAGR

The Ballistic Protection market in the U.S. is estimated at US$2.7 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.

Select Competitors (Total 46 Featured):
  • ArmorSource LLC
  • ArmorWorks Enterprises, LLC
  • Australian Defence Apparel Pty., Ltd.
  • BAE Systems PLC
  • Ceradyne, Inc.
  • DowDuPont, Inc.
  • Eagle Industries
  • Honeywell International, Inc.
  • Morgan Advanced Materials PLC
  • Point Blank Enterprises, Inc.
  • Rheinmetall AG - Defence Sector
  • Royal Ten Cate NV
  • Survitec Group Limited
  • Teijin Ltd.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Ballistic Protection: Market Overview & Outlook
  • Impact of Covid-19 and a Looming Global Recession
  • Rise in Geopolitical Tensions Augment Market Demand
  • Defense Spending Patterns Encourage Market Growth
  • Increased Demand in Fixed & Rotary Wing Military Aircraft Segment
  • Rising Deployments of Military Drones Widens Business Prospects
  • Rising Demand in Homeland Security Vertical
  • Robust Opportunities in the Fire Department & Emergency Response Domains

  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown