North America and Europe Ballistic Protection market to hit global growth over 2017-2024

Global Ballistic Protection Market size will witness significant growth due to rising external and internal security threats among various countries. Increasing competition among various countries for showcasing their power is expected to fuel ballistic protection market growth.

Increasing conflicts between various countries coupled with growing asymmetric warfare situations is projected to drive ballistic protection market. For instance, rise in global wars including, Lebanon, ISIS & Syrian civil wars, conflicts between the U.S. & North Korea and Indo-Pak conflict over Kashmir has increased the demand for such products for shield.

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1. Ballistic Protection Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Key Ballistic Protection Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

The differentiating factor of Ballistic Protection Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook.

Growing terrorist attack and increasing government spending for strengthening defence sector to safeguard borders are the key factors propelling the ballistic protection market. Further, rise in extremist activities, particularly in developing countries will provide lucrative opportunities for industry growth. Rising need for newer devices and gadgets with continuous technological advancement is likely to support the industry growth.

The need for providing better shield to armed forces with the development of newer and more damaging armaments has further supported the product scope. For this purpose, numerous fibers and advanced materials have been developed over time for increasing shield against the offensive weapons.

Browse Global Ballistic Protection Market Report Summary:https://www.gminsights.com/industry-analysis/ballistic-protection-market

However, high price associated with the ballistic protection equipment is anticipated to hinder industry growth over forecast period. Moreover, high equipment weight affects mobility negatively that is projected to hamper the ballistic protection market growth. Growing usage of improved raw materials for reducing the product’s weight is likely to create new opportunities in the industry.

Ballistic protection uses a protective clothing that is utilized for defending soldiers or individuals from ammos, bullets and fragments of the exploded materials. It is used to protect human body from the severe damages. The product enables the law and military enforcement personnel for becoming more effective in unsafe situations.

North America, led by the U.S. for ballistic protection market is projected to remain largest industry due to high defence spending by the U.S. government. Besides, growing involvement of the U.S. military in the middle east regions including, Iraq & Syria and rising concern over the terrorist attacks are few of the key drivers for the industry growth in the region.

Asia-Pacific ballistic protection market is expected to exhibit substantial growth as countries are strengthening their defence system with continuously increment in the government spending. Hostile relations between some of the countries in Asia including, Korea, China, India and Pakistan, China, and Korea is the chief reason behind high investment on the ballistic protection equipment in the region.

Global ballistic protection market is consolidated in nature with the presence of few prominent players in the industry holding maximum share. Some of the key players operating in the ballistic protection market include DuoPont, 3M, Honeywell, BAE Systems and Royal Tencate. Other prominent players include Survitec Group, Point Blank Enterprises, Morgan Advanced Materials, Eagle Industries, Armor Works Enterprises, Ceradyne and Rheinmetall AG Australian Defence Apparel.

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About Global Market Insights, Inc. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services.