SAN FRANCISCO, January 17, 2017 /PRNewswire/ --
The global ballistic protective equipment
market is anticipated to reach USD
5.75 billion by 2025, according to a new report by Grand
View Research, Inc. Increasing tensions between nations and across
borders have heightened the demand for ballistic protection
products like headgear, bulletproof vests, shields, armored car,
eyewear, and missiles among different end-users.
(Photo:
http://photos.prnewswire.com/prnh/20150105/723757 )
Technological proliferation is pivotal in the industry, and the
market is witnessing a high demand for innovative gears such as
DEFCON, liquid body armor, and dragon skin. Furthermore, the
escalating need for ensuring the safety of soldiers and military
personnel is leading to a large-scale procurement of armor wear by
government agencies.
A rise in military conflict is increasing the need for
protective gear for safeguarding the armed forces mainly in the
emerging economies such as China
and India. These military super
powers are continuously focusing on the replacement of the legacy
military product and also consequently rising their spending in the
defense sector. Such modernization activities are creating
tremendous opportunities for expansion of ballistic protective
equipment market.
Ultra-high molecular weight polyethylene (UHMWPE) products are
anticipated to witness the fastest growth over the forecast period
at a CAGR of 4.6% over the next nine years. Several government
initiatives are encouraging the usage of such lightweight and
durable materials for developing ballistic suits, which are
anticipated to increase the UHMWPE material demand over the
forecast period.
Browse full research report with TOC on
"Ballistic Protective Equipment Market Analysis By
Material (Aramid, Composites, UHMWPE, Steel), By Product (Head
Protection, Soft Armor, Hard Armor), By End-use (Defense,
Commercial, Law Enforcement & Safety), And Segment Forecasts,
2014 - 2025" at:
http://www.grandviewresearch.com/industry-analysis/ballistic-protective-equipment-market
Further key findings from the report suggest:
- Head protection gear is anticipated to emerge as the fastest
growing end-use and is expected to reach USD
1,449 million by 2025
- North America emerged as the
leading regional segment and accounted for 38.1% of the total
revenue share in 2015
- Europe was the second major
consumer globally. Russia,
France, UK, Italy, and Germany were key demand centers primarily due
to a significant chunk of defense spending centered towards
advanced military protective gears. Russia dominated the regional demand
accounting for over 22% of the revenue generated in Europe in 2015
- China demand for aramid
fiber-based armor wear was valued at USD
42.7 million in 2015 and is estimated to grow at a CAGR of
6.2% from 2016 to 2025 to reach a net worth exceeding USD 77 million by 2025
- Major players operating in the global ballistic protective
equipment market include MKU, 3M Company, BAE Systems Plc, EnGarde,
PSP, Inc., and Tencate
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Grand View Research has segmented the global ballistic
protective equipment market on the basis of raw material, product,
end-use and region:
- Ballistic Protective Equipment Raw Material Outlook
(Revenue, USD Million, 2014 - 2025)
- Aramid
- Composites
- UHMWPE
- Steel
- Others
- Ballistic Protective Equipment Product Outlook (Revenue, USD
Million, 2014 - 2025)
- Head Protection
- Soft Armor
- Hard Armor
- Ballistic Protective Equipment End-use Outlook (Revenue, USD
Million, 2014 - 2025)
- Defense
- Law enforcement & security
- Commercial
- Ballistic Protective Equipment Regional Outlook (Revenue,
USD Million, 2014 - 2025)
- North America
- U.S
- Canada
- Mexico
- Europe
- Austria
- Belarus
- Belgium
- Bosnia & Herzegovina
- Bulgaria
- Croatia
- Cyprus
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Ireland
- Italy
- Latvia
- Lithuania
- Malta
- Montenegro
- Netherlands
- Norway
- Poland
- Republic of Macedonia
- Romania
- Russia
- Serbia
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
- Turkey
- Ukraine
- United Kingdom
- Asia Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Mongolia
- New Zealand
- Philippines
- Singapore
- South Korea
- Thailand
- Vietnam
- Central & South America
- Middle East
- Africa
Read Our Blogs -
http://www.grandviewresearch.com/blog/ballistic-protective-equipment-market-size-share
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company
provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant
and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: http://www.grandviewresearch.com