Hydrographic Survey Equipment Market Size, Trend, Analysis, Growth, Forecast 2020 to 2028

0
0

Global Ballistic Protection Market.

Market Forecast

Global Ballistic Protection Market is projected to be valued at USD 19,560 Million by 2026, registering a CAGR of 6.31from 2020 to 2026.

Rapidly increasing geopolitical tension and incidences of external & internal threats have significantly contributed to the expansion of the ballistic protection market. Furthermore, increasing investments made by the US Army in ballistic protection equipment to offer enhanced safety to army personnel is expected to drive the growth of the market. For example, in March 2018, the US Army signed a contract with Ceradyne, Inc., a subsidiary of 3M, to procure ballistic helmets.

However, issues related to heavy equipment weight affecting the mobility of security forces and high development costs are expected to hinder the growth of the market.

Market USP

Advancements in technology and the growing use of advanced materials for manufacturing ballistic protection equipment is projected to propel the growth of the segment.

Growth Opportunities in the Market

The Airborne Segment to Register the Highest Growth Rate: The airborne segment is projected to register the highest CAGR during the forecast period. It includes fixed-wing aircraft & helicopters and unmanned aerial vehicles (UAV). The increasing adoption of UAVs in battlefield operations is expected to drive the growth of the segment.

The Soft Armor Segment Dominated the Market in 2019: The soft armor segment dominated the market in 2019. The increasing demand for various lightweight equipment by the military and various security sectors is expected to drive the growth of the segment. On exposure to higher impacts, the high modulus of elasticity of the soft armor allows the energy generated through impact to dissipate over as large an area as possible, which is expected to drive the growth of the segment.

The Homeland Security Segment Expected to Register the Higher CAGR: The homeland security segment is projected to grow at the higher CAGR during the forecast period. Increasing instances of terrorism across the globe and rising territorial conflicts are driving the growth of this segment.

The Composites Segment Dominated the Market in 2019: Composites offer benefits such as high strength-to-weight ratio and rigidity. Moreover, composite materials offer advantages such as corrosion resistance and excellent fatigue. Additionally, the growing use of composites for manufacturing aerospace components is also expected to drive the growth of the segment.

Key Players

BAE Systems (UK)

3M (US)

Rheinmetall AG (Germany)

Koninklijke Ten Cate bv (Netherlands)

FMS Enterprises Migun LTD. (Israel)

Point Blank Enterprises, Inc. (US)

DuPont (US)

ADA (Australia)

Survitec Group Limited (UK)

ArmorWorks (US)

Other Prominent Players

Revision Military (US)

ArmorSource, LLC (US)

Southern States, LLC (US)

Craig International Ballistics Pty Ltd. (Australia)

Teijin Limited (Japan)

Saab AB (Sweden)

MKU Limited (India)

Morgan Advanced Materials plc (UK)

ELMON (Greece)

Honeywell International, Inc. (US)

Permali (UK)

 

Showing 0 results
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.