Ballistic protection is needed for military personnel, homeland securities and law enforcement agencies. Ballistic protection systems offers a wide range of products to protect law enforcement officers and military personnel, military vehicles from ballistic dangers and explosive devices. Ballistic protection systems are designed in order to offer military personnel, homeland securities, law enforcement agencies and vehicle with enhanced protection from enemy weaponries.
MARKET SCOPE
The "Global Ballistic Protection System Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ballistic protection system market with detailed market segmentation by type, protection type, application, and geography. The report provides key statistics on the market status of the leading ballistic protection system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- ? Based on Type, the global ballistic protection system market is segmented into Soft Armor and Hard Armor.? On the basis of Protection Type, the market is segmented into Personal Protective Equipment (PPE), and Vehicle Armor.? Based on Application, the market is bifurcated into homeland security, military, law enforcement.
MARKET DYNAMICS
Drivers:
- ? Demand for technological advancements in body amour to enhance soldier survivability? Protecting military assets during warfare? Light weight material in ballistic protection systems? Increasing uses of raw material to reduce the weight of ballistic protection equipment
Restraints:
- ? High manufacturing cost and lack in mobility
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ballistic protection system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porters five force analysis highlighting factors factors affecting the ballistic protection system market in these regions.
IMPACT OF COVID-19 ON BALLISTIC PROTECTION SYSTEM MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption is expected to leave an impact on the defense industry through till mid-2021. However, the pandemic has proved that careful coordination is required between all border agencies to ensure effective security measures. Moreover, demand for defense related products such as ballistic protection system systems will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense. Thus, being a vital component of any country's advanced defense systems, the market for ballistic protection system is expected to remain largely unaffected during the forecast period.
MARKET PLAYERS
The report covers key developments in the ballistic protection system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ballistic protection system market are anticipated to lucrative growth opportunities in the future with the rising demand for ballistic protection system in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ballistic protection system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ? ArmorSource, LLC? BAE Systems? Ceradyne, Inc. (3M)? DuPont Inc.? DSM (Dyneema)? Honeywell International Inc.? Koninklijke Ten Cate BV? Morgan Advanced Materials? Rheinmetall AG? Teijin Aramid B.V.