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The ballistic protection market size is expected to grow by $ 2.26 bn and record a CAGR of 4% during 2021-2025.
This post-pandemic ballistic protection market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this ballistic protection market analysis report, key drivers such as focus on light-weighting of ballistic protection equipment have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as developments in war automation leading to reduction in troop size, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.
Browse TOC and LoE with selected illustrations and example pages of Ballistic Protection Market
The ballistic protection market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:
Our analysts have extensively outlined successful business strategies deployed by the key vendors in this market research report. The ballistic protection market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
This ballistic protection market report further entails segmentations by application (Defense, Homeland security, and Commercial) and geography (North America, Europe, APAC, MEA, and South America). The available actionable insights on the segmentations, in this report, will enable a better understanding of the target audience and changing demand patterns.
To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. The ballistic protection market further offers well-structured marketing strategies to overcome the negative post-COVID-19 impact, if any, on each product and service segment.
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The report offers an up-to-date analysis of the geographical composition of the market. North America will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. The increasing cross-border terrorism and gun violence will significantly influence ballistic protection market growth in this region. From the statistical study of the geographic landscape, you can interpret and understand the competitive intelligence and regional opportunities in store for vendors for 2021-2025.
38% of the market’s growth will originate from North America during the forecast period. US, China, Russian Federation, India, and UK are the key markets for ballistic protection market in the region. This report provides estimations of the contribution of all regions to the growth of the ballistic protection market size.
Ballistic Protection Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4% |
Market growth 2021-2025 |
$ 2.26 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.45 |
Regional analysis |
North America, Europe, APAC, MEA, and South America |
Performing market contribution |
North America at 38% |
Key consumer countries |
US, China, Russian Federation, India, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
3M Co., Avon Rubber Plc, BAE Systems Plc, Craig International Ballistics Pty Ltd, DuPont de Nemours Inc., Hellweg International Pty Ltd., Honeywell International Inc., Koninklijke Ten Cate BV., Point Blank Enterprises Inc., and Saab AB |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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