The global ballistic protection material market value reached USD 15,247.8 million in 2023. Over the forecast period, the value is anticipated to rise at 6.1% CAGR. The industry is predicted to surge from USD 16,070.3 million in 2024 to USD 28,965 million in 2034. It is further projected to exhibit a Y-O-Y growth of 5.4% in 2024. …
Tag Archives: Ballistic Protection Material
Rising Demand for Body Armor Fuels Global Ballistic Protection Material Market Expansion at 7.4% CAGR
Over the assessment period, global ballistic protection material demand is projected to surge at a CAGR of 7.4%. The global market value is forecast to increase from US$ 15,330.8 million in 2023 to US$ 31,135.2 million by 2033. Demand remains exceptionally high for aramid fibers like Kevlar, owing to their excellent properties, including lightweight and high strength. The target segment is anticipated to register …