Worldwide market for ballistic protection materials is projected to be around US$ 11.80 billion in 2022 and to increase by about 6% CAGR to US$ 21 billion from 2022 to 2032. Some of the factors anticipated to propel the growth of the ballistic protection market during the forecast period include rising demand for technologically advanced equipment and increased research & development to make armour lighter.
The report is intended to present an unbiased analysis. It therefore offers incisive coverage on key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on Ballistic Protection Materials market structure. FMI’s in-house team for chemicals & materials sector gives valuable insights, validated with latest data. The report also gives access to extensive database that tracks existing and upcoming chemicals & materials trends and innovation in 100+ countries.
Ballistic protection products are designed to provide protection against projectiles, such as bullets and shrapnel, during military and law enforcement operations. These products include body armor, helmets, shields, and vehicle armor. Body armor, which is worn by personnel, is made of materials such as Kevlar, ceramic, and high-performance fibers to absorb and disperse the impact of bullets. Helmets and shields are used to protect the head and face, while vehicle armor is used to protect military vehicles and civilian transport from explosive devices and small arms fire. Ballistic protection products are continually evolving to provide better protection and mobility for personnel in high-risk situations.
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Impact of COVID-19 on Ballistic Protection Materials Market
The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.
The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Ballistic Protection Materials market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.
Important Questions Answered in the Ballistic Protection Materials Market Report
- How will the Ballistic Protection Materials market expand through 2032?
- Which region is the most lucrative in the Ballistic Protection Materials market?
- What are the recent technological developments in the Ballistic Protection Materials market?
- What are key challenges and competition threats faced by Ballistic Protection Materials market players?
- Who are prominent players leading the Ballistic Protection Materials market?
Ballistic Protection Materials Market: Key Segmentation
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
Extensive study of the geographical regions offers detailed insights on the market performance across major regions along with descriptive info graphics, datasets, and list of tables.
Product Group:
- Polyethylene-based Ballistic Protection Materials
- Aramid-based (Aromatic Amide) Ballistic Protection Materials
Armor Type:
- Soft Ballistic Protection Materials
- Hard Ballistic Protection Materials
End User:
- Ballistic Protection Materials for Defence
- Ballistic Protection Materials for Homeland Security
- Ballistic Protection Materials for Commercial Use
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Ballistic Protection Materials Market: Competitive Evaluation
The FMI’s Ballistic Protection Materials market report provides a comprehensive analysis on key players operating in the Ballistic Protection Materials market. Some of the key players are:
- Honeywell International Inc.
- FY-Composites Oy
- TEIJIN LIMITED
- BAE Systems
- Koninklijke Ten Cate NV
- DuPont
- Morgan Advanced Materials Plc.
- ArmorSource LLC
- Ceradyne, Inc.
- Rheinmetall AG
With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Ballistic Protection Materials market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Ballistic Protection Materials market
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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