Ballistic Protection Market Outlook – 2027
The global ballistic protection market is experiencing a significant growth due to demand for protective equipment owing to growing conflicts globally. Ballistic protection offers protection from bullets, fragment grenades, mortars, ballistic missiles, and mines among. Ballistic protection equipment is made from ceramic, carbon fiber composites, aramid, lexan, and glass. Ballistic protection is used in tank armor to prevent tank body penetration from missile or anti-tank gun attacks. Moreover, ballistic protection compromises of personal protection equipment such as ballistic helmets and bulletproof vests to protect from incoming bullets.
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COVID-19 scenario analysis:
The ballistic equipment manufacturers are forced to shut down production operations due to government-imposed lockdown to slow the spread of COVID-19.
Military agencies are forced to delay procurement of ballistic protection equipment due to supply chain disruption caused by the government initiatives to control the COVID-19 outbreak.
The research & development of materials for ballistic protection is adversely affected due to lack of international workforce owing to the government-imposed travel ban in the wake of COVID-19 pandemic.
Installation & upgradation of ballistic protection equipment in military as well as commercial vehicles will be delayed due to delay in procurement of ballistic protection equipment from the manufacturers.
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Surge in defense expenditure, increase in demand for ballistic protection equipment due to increased terror activities, and rise in adoption of light & composite materials for ballistic protection are the factors that drive the global ballistic protection market. However, high ballistic equipment cost and heavy weight of the equipment affecting mobility adversely hinder the market growth. On the contrary, surge in demand for ballistic resistant aerial vehicles, rise in demand for personal protection equipment, and high strength materials present new pathways in the industry.
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The global ballistic protection market trends are as follows:
Demand for ballistic protection due to increased terror activities
Increasing terrorist attacks and cross border conflict have forced military agencies to procure ballistic equipment to ensure safety of military personnel. For instance, in 2019, Koninklijke TenCate (a protective equipment manufacturer headquartered in Almelo, Netherlands) was awarded a contract by US Government for developing & providing second generation enhanced small arms protection insert (ESAPI). ESAPI is a ceramic trauma plate used in bulletproof vests to protect against high velocity armor-piercing rounds. Such investments in procurement of ballistic protection plates are expected to boost the global ballistic protection market.
Rise in adoption of light & composite material for ballistic protection
Composite armors are lighter than metal ballistic protection armors. Composite ballistic protection armors are expensive but stronger than other types of ballistic protection armors. For instance, US Army’s Aviation Applied Technology Directorate in collaboration with North Carolina State University have developed composite metal foam (CMF). CMF is a highly porous metal with up to two times more heat resistance & weighs three times less, than steel plate armors. Such research & development in the field of composite materials for ballistic protection will drive the global ballistic protection market.
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Key benefits of the report:
- This study presents the analytical depiction of the global ballistic protection industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global ballistic protection market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global ballistic protection market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global ballistic protection market analysis based on competitive intensity and how the competition will take shape in coming years.
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