Ballistic Protection Market
Ballistic Protection Market Size, Share & Trends Analysis Report by Product Type (Personal Protection Equipment and Vehicle Protection Equipment), by Material (BulletproofGlass, Metal Alloys, Fabric and Others), by Technology (Soft Armor and Hard Armor), and by Application (Military, Airborne, Marine, Law Enforcement agencies and Others) Forecast Period (2024-2031)
Ballistic protection market is anticipated to grow at a CAGR of 5.9% during the forecast period (2024-2031). Ballistic protection is designed to protect personnel, vehicles and structures from fragments caused by explosions, and projectiles such as bullets, and can also help mitigate the effects of blast energy from the explosions.
Market Dynamics
Increasing geopolitical instability, cross border tensions and internal security threats
The geopolitical instability across the globe fuels the demand for ballistic protection. Ballistic protection solutions are required for a variety of threats, such as terrorist attacks in public places that demand the protection of civilians and first responders and protests that demand police enforcement wear protective gear.For instance, in February 2024, UNDP and the US Government announce to equip more police inspectorates in Moldova with modern tools (such as bullet-proof vests, ballistic helmets) including for investigating cybercrime. Additionally, border conflicts and international disputes equip soldiers with body armor and armored vehicles. Forinstance in February 2022 Government of Canada sent $25 million shipment to Ukraine of non-lethal equipment which includes bulletproof jackets and helmets.
Growing emphasis on personal safety
There is a growing demand among citizens for personal ballistic protection equipment, such as bulletproof vests for first responders and security workers, as fears over violent crime and mass shootings grow. For instance in April 2023, according to PBS Newshour The US is setting a record pace for mass killings in 2023, replaying the horror on a loop roughly once a week so far this year. The carnage has taken 88 lives in 17 mass killings over 111 days. Each time, the killers wielded firearms. Moreover, body armor producers and retailers are reporting higher sales, which they attribute in part to new customers looking for more protection in the wake of the recent wave of deadly shootouts.Americans are willing to pay up to $85,000 to have their cars fully bulletproofed on the upper end.
Market Segmentation
Our in-depth analysis of the global ballistic protection market includes the following segments by type, material, technology, and application:
- Based on type, the market is sub-segmented into personal protection equipment and vehicle protection equipment.
- Based onmaterial , the market is sub-segmented into bulletproof glass, metal alloys, fabric and others.
- Based on technology, the market is augmented into soft armor and hard armor.
- Based on application, the market is divided into military, airborne, marine, law enforcement agencies and others.
Vehicle Protection Equipment is Projected to Emerge as the Largest segment
Based on the type , the global ballistic protectionmarket is sub-segmented into personal protection equipment and vehicle protection equipment. Among these, the vehicle protection equipment sub-segment is expected to hold the largest share of the market. The vehicle protection equipment segment in the ballistic protection market is experiencing a surge. Rising threats like terrorism and conflicts drive the need for armored vehicles by military and civilians in risky environments. Modernization efforts by governments and technological advancements in materials further fuel this growth. For instance, in January 2024, defense contractor Artis is unveiling an active protection system it says addresses a gap the U. Army and other forces are looking to fill: the defense of attacks from above.
Soft Armor to Hold a Considerable Market Share
The soft armor market is thriving within the ballistic protection industry due to a confluence of factors. Rising security threats like terrorism and crime fuel demand for protective gear, while advancements in materials lead to lighter, more comfortable, and effective soft armor. Expanding applications beyond traditional military and law enforcement uses, coupled with increased defense spending and public awareness, further propel market growth, creating a bright outlook for soft armor in the future. For instance, in October 2023,Dyneema, owned by Avient Corp. announced the introduction of a novel unidirectional (UD) material innovation built on its third-generation fiber. This ground-breaking creation is expected to improve law enforcement and military personnel's safety and mobility.
Regional Outlook
The global ballistic protection market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
Europe Holds The Major Market Share
- Increasing intensity of Russia – Ukraine war demand for ballistic protection increases. For instance in December 2023, Belgium government approval to send bullet proof jackets to Ukraine.
- Europe’s continuous effort to modernize its army as the conflict between Ukraine and Russia continues.
Global Ballistic Protection Market Growth by Region 2024-2031
Ballistic Protection in Asia-Pacific: A Look at the Driving Forces
Asia-Pacific countries is witnessing a significant rise in spending on ballistic protection.The need to modernize defense forces and provide soldiers with cutting-edge ballistic equipment, including as body armor and armored vehicles, stems from growing regional tensions that are being exacerbated by territorial disputes and border conflicts.For instance November 2022, in order to shield its front-line troops from deadly steel core bullets, the Indian Army has put out a tender for 47,627 bulletproof jackets under the Make in India program. Additionally, Governments across Asia-Pacific is investing in development and increasing defence capabilities to cater future requirments and present needs for ballistic protection. For instancein November 2023, most recent round of Defense grants, ten Australian firms will split more than $3.6 million. Armor Australia (NSW) has been granted $809,580 to build high-pressure compression molding stations equipped with precise thermal and hydraulic controls. These stations will be used to manufacture cutting-edge hard armour components for use by Defense personnel on land, in vehicles, and in aircraft.
Governments are increasing annual defence budgets for instance china had increased their budget by 7.3% where as India had incread it by 4.72%. This increaded spending would be translated into increased defence capabilities and moderanization of military.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global ballistic protectionmarket include BAE Systems plc, DuPont de Nemours Inc, Honeywell International Inc, Rheinmetall AG International, Saab AB,among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance,in April, 2023DuPontunveiled Kevlar® EXO™ aramid fiber, the most important advancement in aramid fiber innovation in more than 50 years, as well as a completely new technological platform created to support countless applications where protection and performance are needed under extreme and demanding circumstances.
The Report Covers
- Market value data analysis of 2023and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global ballistic protection marketmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. BAE Systems plc
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. DuPont de Nemours Inc
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Honeywell International, Inc
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Rheinmetall AG International
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Saab AB
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Ballistic Protection Market by Product Type
4.1.1. Personal Protection Equipment
4.1.2. Vehicle Protection Equipment
4.2. Ballistic Protection Market by Material Type
4.2.1. Bulletproof Glass
4.2.2. Metal Alloys
4.2.3. Fabric
4.2.4. Others (ceramics, composites)
4.3. Ballistic Protection Market byTechnology Type
4.3.1. Soft Armor
4.3.2. Hard Armor
4.4. Ballistic Protection Market byApplication
4.4.1. Military
4.4.2. Airborne
4.4.3. Marine
4.4.4. Law Enforcement agencies
4.4.5. Others (Commercial)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ARMORSOURCE, LLC.
6.2. Avon Protection
6.3. Craig International Ballistics Pty Ltd
6.4. EnGarde body armor
6.5. GENTEX CORPORATION
6.6. Hellweg International
6.7. Mehler Protection
6.8. MKU Ltd.
6.9. Morgan Advanced Materials plc
6.10. Paul Boyé Technologies
6.11. Point Blank Enterprises, Inc. (PBE)
6.12. SAFE LIFE DEFENSE
6.13. Seyntex
6.14. Tactical Assault Gear
6.15. Verseidag-Indutex GmbH
1. GLOBAL BALLISTIC PROTECTION MARKET BY PRODUCT TYPE, 2023-2031 ($ MILLION)
2. GLOBAL PERSONAL BALLISTIC PROTECTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL VEHICLE BALLISTIC PROTECTION EQUIPMENTMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL BALLISTIC PROTECTION MARKET BY MATERIAL TYPE, 2023-2031 ($ MILLION)
5. GLOBAL BALLISTICBULLETPROOF GLASS PROTECTIONMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL BALLISTICMETAL ALLOYS PROTECTIONMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL BALLISTICFABRIC PROTECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBALBALLISTIC PROTECTION IN OTHERMATERIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY TYPE, 2023-2031 ($ MILLION)
10. GLOBALBALLISTICSOFTARMORPROTECTIONMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBALBALLISTICHARDARMORPROTECTIONMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL BALLISTIC PROTECTIONMARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
13. GLOBALMILITARY BALLISTIC PROTECTIONMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL AIRBORNE BALLISTIC PROTECTIONMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. GLOBAL MARINE BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. GLOBAL LAW ENFORCEMENT AGENCIESBALLISTIC PROTECTIONMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
17. GLOBAL BALLISTIC PROTECTION FOROTHERS (COMMERCIAL)MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
18. GLOBAL BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
19. NORTH AMERICAN BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
20. NORTH AMERICAN BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY PRODUCT 2023-2031 ($ MILLION)
21. NORTH AMERICAN BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY MATERIAL2023-2031 ($ MILLION)
22. NORTH AMERICAN BALLISTIC PROTECTIONMARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
23. NORTH AMERICAN BALLISTIC PROTECTIONMARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
24. EUROPEAN BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
25. EUROPEAN BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BYPRODUCT, 2023-2031 ($ MILLION)
26. EUROPEAN BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2023-2031 ($ MILLION)
27. EUROPEAN BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
28. EUROPEAN BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
29. ASIA- PACIFIC BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
30. ASIA- PACIFIC BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
31. ASIA- PACIFIC BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023-2031 ($ MILLION)
32. ASIA- PACIFIC BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
33. ASIA- PACIFIC BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
34. REST OF THE WORLD BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
35. REST OF THE WORLD BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
36. REST OF THE WORLD BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2023-2031 ($ MILLION)
37. REST OF THE WORLD BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
38. REST OF THE WORLD BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
1. GLOBAL BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023 VS 2031 (%)
2. GLOBAL PERSONAL BALLISTIC PROTECTION EQUIPMENTMARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
3. GLOBAL VEHICLE BALLISTIC PROTECTION EQUIPMENTMARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
4. GLOBAL BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023 VS 2031 (%)
5. GLOBAL BALLISTIC BULLETPROOF GLASSPROTECTIONMARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
6. GLOBAL BALLISTICMETAL ALLOYS PROTECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
7. GLOBAL BALLISTICFABRIC PROTECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
8. GLOBAL BALLISTICPROTECTION BY OTHERSMARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
9. GLOBAL BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023 VS 2031 (%)
10. GLOBAL BALLISTICSOFT ARMOR PROTECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
11. GLOBAL BALLISTIC HARD ARMOR PROTECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
12. GLOBAL BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023 VS 2031 (%)
13. GLOBAL BALLISTIC PROTECTION IN MILITARY MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
14. GLOBAL BALLISTIC PROTECTION IN AIRBORNEMARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
15. GLOBAL BALLISTIC PROTECTION IN MARINEMARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
16. GLOBAL BALLISTIC PROTECTIONFORLAW ENFORCEMENT AGENCIESMARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
17. GLOBAL BALLISTIC PROTECTIONFOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
18. GLOBAL BALLISTIC PROTECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
19. US BALLISTIC PROTECTION MARKET SIZE, 2023-2031 ($ MILLION)
20. CANADA BALLISTIC PROTECTION MARKET SIZE, 2023-2031 ($ MILLION)
21. UK BALLISTIC PROTECTION MARKET SIZE, 2023-2031 ($ MILLION)
22. FRANCE BALLISTIC PROTECTION MARKET SIZE, 2023-2031 ($ MILLION)
23. GERMANY BALLISTIC PROTECTION MARKET SIZE, 2023-2031 ($ MILLION)
24. ITALY BALLISTIC PROTECTION MARKET SIZE, 2023-2031 ($ MILLION)
25. SPAIN BALLISTIC PROTECTION MARKET SIZE, 2023-2031 ($ MILLION)
26. REST OF EUROPE BALLISTIC PROTECTION MARKET SIZE, 2023-2031 ($ MILLION)
27. INDIA BALLISTIC PROTECTION MARKET SIZE, 2023-2031 ($ MILLION)
28. CHINA BALLISTIC PROTECTION MARKET SIZE, 2023-2031 ($ MILLION)
29. JAPAN BALLISTIC PROTECTION MARKET SIZE, 2023-2031 ($ MILLION)
30. SOUTH KOREA BALLISTIC PROTECTION MARKET SIZE, 2023-2031 ($ MILLION)
31. REST OF ASIA-PACIFIC BALLISTIC PROTECTION MARKET SIZE, 2023-2031 ($ MILLION)
32. REST OF THEWORLD BALLISTIC PROTECTION MARKET SIZE, 2023-2031 ($ MILLION)
