Stratview Research has published a new report on the Ballistic Protection Market and bifurcated the market by Product Type (Personal Protective Equipment – Soft Armor, Hard Armor, Protective Headgear, and Vehicle Armor), by Material Type (Aramid Fiber, Glass Fiber, Glass, and Lexan), by Application Type (Defense, Homeland Security, and Commercial), by Region (NA, Europe, APAC, ROW).

Market Insights

According to the report, the ballistic protection market was estimated at USD 12.8 billion in 2022 and is likely to grow at a CAGR of 4.64% during 2022-2028 to reach USD 16.81 billion in 2028.

How does the report help?

The reports provided by Stratview Research are a comprehensive analysis of the market potential in various industry applications. The researchers and analysts study the market minutely and focus on the opportunity of the emerging economies of the globe, so that companies can strategically make region specific plans and gain competitive edge.

Key Players

• BAE Systems
• E.I. DuPont De Nemours
• Honeywell International
• Royal TenCate NV
• Teijin Aramid 

Segment-Wise market Analysis

The market is segmented into two categories; Personal Protective Equipment and Vehicle Armor. Personal protective equipment is further segmented into three categories namely soft armor, hard armor, and protective headgear. Soft armor is expected to experience the fastest growth over the next five years, driven by increasing demand from defense and law enforcement forces. The government of many countries prefers soft armor that does not have technical challenges including weight. Major soft armor-producing companies are developing advanced soft armor which is lightweight, durable, and more comfortable for soldiers and law enforcement forces. This supplements companies in winning contracts and gaining a competitive advantage over competitors.

The defense sector is likely to remain the largest application in the market during the forecast period driven by the high focus of many governments on strengthening their defense sector due to rising conflicts between countries and with terrorism. Major developed economies, such as the US, the UK, and France keep on doing RD for the development of advanced ballistic protection equipment for their soldiers, vehicles, and law enforcement forces whereas major developing economies are generating healthy demand for ballistic protection equipment. For instance, the Indian government is in the process of procuring 186 thousand of bulletproof jackets for their soldiers.

Aramid fiber is expected to remain the largest material type in the market during the forecast period. Kevlar of DuPont and Twaron of Tejin is the world’s most recognized brands in the ballistic protection market and are extensively used in most of the major applications, such as body armor, helmets, vehicle armor, and tactical vests.

North America is expected to remain the largest market during the forecast period. High defense spending by the US government, involvement of the US military in middle east regions, such as Syria and Iraq, and increasing concern over terror attacks are some of the major drivers of the North American ballistic protection market.

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