Market Leader - Ballistic Protection Market
Ballistic protection refers to the protection of a body against projectiles of various shapes, sizes, and impact velocities. It is used by soldiers, police, and security personnel in the military, law enforcement, and homeland security sectors to reduce the number of casualties and strengthen the protecting power of these forces. The estimated ballistic protection market is USD 13.4 billion in 2022 and is projected to reach USD 16.9 billion by 2027, at a CAGR of 4.7% from 2022 to 2027.
Rising political unrest in emerging economies, need for upgrades in battlefield scenarios, development of lightweight comfortable, high-strength scenarios and demand for protection by VVIPs are key factors driving the ballistic protection market growth. Additionally, rising demand for multi-purpose equipment, increasing demand from Asia-Pacific region and advancements in armor composite materials thereby contributing to the growing demand for ballistic protection products.
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Key players in the ballistic protection market include BAE Systems (UK), Avon Protection (US), Rheinmetall AG (US), Tencate Advanced Armor (Netherlands), Point Blank Enterprises (US), SAAB AB (Sweden), among others. These players have been focusing on securing government contracts for their organic growth. Their core competencies include high investments in R&D activities.
BAE Systems operates through five business segments, namely, Air, Electronics Systems, Platform & Services (US), Maritime, Cyber & Intelligence. Some of the key subsidiaries of the company include BAE Systems Integrated System Technologies (UK), BAE Systems Maritime – Submarines (UK), and BAE Systems Military Air & Information (UK), among others. The company offers individual protection systems under the platform and services segment
AVON Protection is engaged in the development life critical protection solutions for military, law enforcement, and fire personnel. The company is a global leader in head protection. Head protection products such as ballistic helmets are manufactured by the company for military and first responder customers. The company generates significant revenue through ballistic helmets.
Rheinmetall AG is a powerful and internationally successful corporation operating in five business segments, i.e., vehicle systems, weapons and ammunition, electronic solutions, sensors and actuators, and materials & trade. The company offers systems made up of composite or ceramic materials that provide protection against ballistic threats.
TenCate Advanced Armor offers advanced composites, ceramics, and integrated systems for the active and passive protection of the police, army, air force, navy, and civil service personnel; vehicles; aircraft; helicopters; and vessels. It provides ballistic solutions for land, marine, and airborne platforms along with personal protective equipment, which includes ballistic shields.
Point Blank Enterprises, Inc. is engaged in the development, manufacturing, and distribution of high-performance, protective solutions for the US military, Department of Defense, and federal agencies, as well as international law enforcement agencies. The company has a strong portfolio of product brands, including Point Blank Body Armor, Protective Products Enterprises, PACA, PARACLETE, Advanced Technology Group, The Protective Group (TPG), First Tactical, Gould & Goodrich, United Shield International Limited, and Protective Apparel.
Saab AB is engaged in the production and sales of products, services, and solutions for the defense, commercial aviation, and civil security sectors. The company operates through six segments, namely, air, land, naval, civil security, and commercial aeronautics. The company offers defense reconnaissance systems, airborne early warning systems, training and simulation systems, air traffic management systems, maritime security systems, security & monitoring systems, civil security systems & solutions, and communication solutions. It also provides integrated support solutions, technical maintenance & logistics, spare parts, field facilities, and regional aircraft support for its customers in the defense, civil security, and civil aircraft segments. The company has its presence in North America, Europe, Asia Pacific, and Latin America.
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 2027
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