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.
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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 $25 million shipment to Ukraine of non-lethal equipment which includes bulletproof jackets and helmets.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Ballistic Protection Market Report Segment
ByProduct Type
- Personal Protection Equipment
- Vehicle Protection Equipment
By Material Type
- Bulletproof Glass
- Bulletproof Glass
- Metal Alloys
- Fabric
- Others (ceramics, composites)
By Power Source
- Soft Armor
- Hard Armor
By Application
- Military
- Airborne
- Marine
- Law Enforcement agencies
- Others (Commercial)
Global Ballistic Protection Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023and forecast to 2031.
- Annualized market revenues ($ 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.
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