
Ballistic Protection Market to Receive Overwhelming Hike In Revenue That Will Boost Overall Industry Growth by 2031
The ballistic protection market was valued at $14 billion in 2021, and is estimated to reach $26.1 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031.
WILMINGTON, DE, UNITED STATES, March 18, 2025 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, โBallistic Protection Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, by Material Type, by Application Type, by Technology Type : Global Opportunity Analysis and Industry Forecast, 2021-2031."
๐๐๐ฅ๐ฅ๐ข๐ฌ๐ญ๐ข๐ ๐๐ซ๐จ๐ญ๐๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐๐ญ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐๐-๐๐๐๐ :
The global market size of ballistic protection industry was valued at $14 billion in 2021, and is projected to reach $26.1 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031.
North America dominates the market, in terms of revenue, followed by Asia Pacific, Europe and LAMEA. In addition, Europe is expected to grow at a highest growth rate over the forecast period, owing to the rising demand for protection of soldiers.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/9418
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Avon Protection plc
BAE Systems
DuPont de Nemours, Inc.
GENTEX Corporation
Honeywell International Inc.
Point Blank Enterprises, Inc.
Rheinmetall AG
SAAB AB
Survitec Group Limited
Tencate Advanced Armor
At present, army engineers and market scientists are tackling the ever-rising demand for increasing the abilities of the frontline warriors and soldiers that are on the combat zone. As there has been a key degree of improvement for the powerful and versatile weapons, the modern systems and gadgets in military shield are being progressively added to the ballistic protection market. Likewise, more developments will be needed to safeguard the soldiers. This is possible because of technological innovations. The innovation like the mixture of SRP (self-reinforced polymer) composites and lightweight ceramics, the wearable type of ballistic protection will be devised to shield against a range of threats, from improvised explosive devices to light firearms.
The geopolitical tensions between India and its neighboring countries and the terrorism threat have pushed the region beyond to reinforce its perimeter security and airborne and naval capabilities. The country has continuously been increasing its defense expenditure over the years. The budget for 2022, valued at $70.6 bn, correspond to an increase of 10% compared to the allocation of previous year and the sharpest increase in the defense budget in recent years. This growth is expected to positively impact in ballistic protection market.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/ballistic-protection-market/purchase-options
In the recent past, there has been a good amount of demand for the ballistic protection as it has bolstered its position due to the conflict situation in some of the terror-prone countries like Libya, Serbia, Iraq, and Afghanistan. Moreover, Iranโs intensifying nuclear creation has been observed to be improved and intensified the military tensions among Israel, the US, and Iran. The market leaders and governments around the globe are constructing their sources to enhance and improve the production scale so that they are presented whenever needed and hence, the investments donโt go useless. The birth of technology is establishing to be beneficial for the ballistic protection market revenue.
Also, the militaries of GCC countries have arrived at third phase of innovation and have transferred from subcontracted, and usually maintenance, onshore to offshore MRO contractors. Similarly, the militaries in the Middle East region are becoming more modern in their demands., They are buying operating time for platforms of armed forces, rather than ordering individual services or spare parts which is expected to fuel the demand for ballistic protection. South Korea is booming, driven by the ambition to make the region one of the top defense exporters of the world and by the need to counter growing military threats. The country defense sector is expected become a strategic industrialization, by participating into the list of the global top four supplier of defense equipment after the U.S., Russia, and France, which will directly impact confidently to ballistic protection market.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/9418
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ :
By product type, the vehicle protection equipment segment is projected to dominate the global ballistic protection market in terms of growth rate.
By material type, the others segment is projected to dominate the global ballistic protection market in terms of growth rate.
By application type, the airborne segment is projected to dominate the global ballistic protection market in terms of growth rate.
By technology, the hard armor segment is projected to dominate the global ballistic protection market in terms of growth rate.
๐๐ก๐ ๐๐๐ฒ ๐๐ซ๐๐๐ฌ ๐๐ก๐๐ญ ๐๐๐ฏ๐ ๐๐๐๐ง ๐
๐จ๐๐ฎ๐ฌ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
Major trends noticed in the Global ballistic protection Market
Market and pricing issues
The extent of commerciality in the market
Geographic limitations
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
Growth strategies considered by the players.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ ๐๐ง๐ ๐๐๐๐๐ง๐ฌ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
๐๐ข๐ซ๐๐ซ๐๐๐ญ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/aircraft-lighting-market-A06273
๐๐๐ซ๐จ-๐๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง ๐๐ข๐ซ๐๐ซ๐๐๐ญ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/zero-emission-aircraft-market-A11848
๐๐ข๐ซ๐๐ซ๐๐๐ญ ๐๐๐ง๐ฌ๐จ๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/aircraft-sensors-market-A06225
David Correa
Allied Market Research
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