Ballistic Protection Market

BAE Systems (UK) and 3M (US) are Leading Players in the Ballistic Protection Market

The global ballistic protection market size is projected to grow from USD 12.6 billion in 2020 to USD 17.2 billion by 2025, at a CAGR of 6.4%. Major factors driving the market growth include increasing geopolitical tensions in emerging counties, changing battlefield scenarios, need for lightweight, comfortable, and high strength materials and rising demand for personal protection.

A few of the major players in the ballistic protection market are BAE Systems (UK), 3M (US), Rheinmetall AG (Germany), Koninklijke Ten Cate bv (Netherlands), Point Blank Enterprises, Inc. (US), Craig International Ballistics Pty Ltd. (Australia), and MKU Limited (India).

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These players have adopted several growth strategies, such as contracts, partnerships, collaborations, and product launches, to expand their global presence in the ballistic protection market. Contracts was the leading strategy adopted by major players from 2017 to 2020.

BAE Systems (UK) is a leading provider of tracked and wheeled armored combat vehicles, naval guns, naval ship repair and modernization, artillery and missile launching systems, advanced precision strike munitions and ordnance, and other technologies to US and international customers. BAE Systems has produced more than 1.2 million hard body armor inserts for the US government in more than 15 variations and threat levels, and over 100,000 hard armor plates internationally. The company’s hard body armor designs provide up to NIJ Level IV equivalent ballistic protection for commercial use and even greater customized protection for the US military.

3M (US) is another leading player in the ballistic protection market. 3M designs and offers ballistic protection solutions for military and law enforcement personnel. These solutions include armor systems for the protection of aircraft against armor-piercing projectiles; body armor inserts for lightweight, high-performance torso protection; and a range of ballistic helmets to protect against head injury from ballistic threats and blunt impacts.

FMS Enterprises Migun Ltd. (FMS) is another player in the ballistic protection market that produces commercial UD-PE and UD-Aramid fabrics. It was the first to produce pressed UD-PE panels. It is a public company traded in the Israeli stock exchange. FMS is a world leader and pioneer in advanced ballistic protection technology, and one of the primary sources worldwide for ballistic protection raw materials and products. The company provides products such as uni-direction fabrics, woven aramid fabrics, panel technology, personal armor plates, vehicle armor panels, and vehicle armor anti-blasts. Its products are used in personal ballistic protection, vehicle armoring, ship armoring and aircraft armoring

Related Reports:

Ballistic Protection Market by Material (Metals & Alloys, Ceramics, Composites, Bulletproof Glass, Fabric), Product, Technology, Threat Level (Level II & IIA, Level III & IIIA, Level IV & Above), Platform, Application, and Region - Global Forecast to 2025

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Report Code
AS 2798
RI Published ON
5/5/2020
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