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. Rising government budget to boost the defense sector is the major driver of Ballistic Protection Equipment market. Growing conflicts among different countries and rising threat of terrorist attacks is pressurizing governments to strengthen their defense sector, thus positively impacting the growth of ballistic protection equipment market. Rising investments in R&D to develop advanced ballistic protection equipment will further propel the growth of 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.
Segmentation
The ballistic protection equipment market has been analyzed through the following segments:
By Equipment
Helmet
Protective Vests and Jackets
Others
By End Use
Defense
Law enforcement and security
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Italy
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
Japan
India
Australia
Others
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.
Segmentation
The ballistic protection equipment market has been analyzed through the following segments:
By Equipment
Helmet
Protective Vests and Jackets
Others
By End Use
Defense
Law enforcement and security
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Italy
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
Japan
India
Australia
Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
4. MARKET DYNAMICS
5. BALLISTIC PROTECTION EQUIPMENT MARKET BY TYPE
6. BALLISTIC PROTECTION EQUIPMENT MARKET BY APPLICATION
7. BALLISTIC PROTECTION EQUIPMENT MARKET BY GEOGRAPHY
8. COMPETITIVE INTELLIGENCE
9. COMPANY PROFILES
Companies Mentioned
- BAE Systems
- Point Blank Enterprises, Inc.
- Morgan Advanced Materials
- Mile Dragic Production
- CPE Production OY
- Safariland, LLC
- Bennett Safetywear
- Teijin
- HighCom
- Kanas Grou
Methodology
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