Global Ballistic Protection Materials Market Size, Share, Development, Growth and Demand Forecast to 2022 By P&S Market Research
The ballistic protection materials market is increasing significantly
and offering huge growth potential. Globally, the increasing violence,
insurgency and terrorist activities are generating huge demand for
ballistic protection materials. Ballistic protection materials are the
protective clothing, used to protect the soldiers, law enforcement
forces, and vehicles from bullets, falling glass materials, explosive
materials, mines, mortar and other hazardous materials. The companies
are investing heavily in R&D activities to develop and manufacture
innovative material that can reduce the weight of the armors, to
increase the ability, agility, and mobility of soldiers.
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The global ballistic protection materials market was valued at $8.8 billion in 2015, and it is expected to grow at a CAGR of 5.2% during 2016 - 2022. The growth driving factors in the global ballistic protection materials market includes increasing terrorist activities, growing social tension, increasing concern for VIP security, and growth in regional economies. Additionally, the demand for light weight body armor and technological advancement in the field of protection materials is expected to further propel the demand of ballistic protection materials.
North America held the largest share (40.2% in terms of value in 2015) in the global ballistic protection materials market. The region is expected to witness significant growth during the forecast period, owing to the increasing internal and external threats and demand of vehicle armor in commercial vehicles. Asia-Pacific is expected to witness the rapid growth during 2016 – 2022, in terms of value. Europe held the second largest share in global ballistic protection materials market, Owing to increasing armed conflicts and crossed border threats. Additionally, defence modernization programme implemented by various countries, such as China, India, Philippines, and Malaysia is further boosting the demand of ballistic protection materials. Africa has been exposed to long era of militancy and insurgency problems; which would offer ample growth opportunities for the global ballistic protection materials market. The region is expected to witness positive growth during the forecast period, due to the increasing demand for personal protective equipment and armored vehicles.
Browse For Related Research:https://www.psmarketresearch.com/industry-report/chemicals-materials-and-energy
To Browse Full Report Visit Here:https://www.psmarketresearch.com/market-analysis/ballistic-protection-materials-market
The global ballistic protection materials market was valued at $8.8 billion in 2015, and it is expected to grow at a CAGR of 5.2% during 2016 - 2022. The growth driving factors in the global ballistic protection materials market includes increasing terrorist activities, growing social tension, increasing concern for VIP security, and growth in regional economies. Additionally, the demand for light weight body armor and technological advancement in the field of protection materials is expected to further propel the demand of ballistic protection materials.
North America held the largest share (40.2% in terms of value in 2015) in the global ballistic protection materials market. The region is expected to witness significant growth during the forecast period, owing to the increasing internal and external threats and demand of vehicle armor in commercial vehicles. Asia-Pacific is expected to witness the rapid growth during 2016 – 2022, in terms of value. Europe held the second largest share in global ballistic protection materials market, Owing to increasing armed conflicts and crossed border threats. Additionally, defence modernization programme implemented by various countries, such as China, India, Philippines, and Malaysia is further boosting the demand of ballistic protection materials. Africa has been exposed to long era of militancy and insurgency problems; which would offer ample growth opportunities for the global ballistic protection materials market. The region is expected to witness positive growth during the forecast period, due to the increasing demand for personal protective equipment and armored vehicles.
Browse For Related Research:https://www.psmarketresearch.com/industry-report/chemicals-materials-and-energy
This research offers actual historical market size for the period 2012 –
2015, and market forecast for the period 2016 – 2022 in the global
ballistic protection materials market in $ billion.
GLOBAL BALLISTIC PROTECTION MATERIALS MARKET
North America Ballistic Protection Materials Market
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
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GLOBAL BALLISTIC PROTECTION MATERIALS MARKET
- By Type – Personal Protective Materials (Protective Headgear, Hard Armor, Soft Armor) and Vehicle Armor.
- By Material – Aramid, Glass, Carbon Fiber Composite, Lexan, and Plastic.
- By End-Use – Defense (Armed Forces, Air Force, Naval), Homeland Security, and Commercial.
- By Region – North America, Europe, Asia-Pacific, and Rest of World.
North America Ballistic Protection Materials Market
- By Country – U.S., Canada, and Rest of North America
- By Type
- By Material
- By End-Use
- By Country – Germany, France, Spain, U.K., and Rest of Europe
- By Type
- By Material
- By End-Use
- By Country – China, Japan, India and Rest of Asia-Pacific
- By Type
- By Material
- By End-Use
- By Type
- By Material
- By End-Use
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact:
Deep
Assistant – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
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