The Ballistic Protection Market - Key Drivers, Trends and New Developments

The Ballistic Protection Market - Key Drivers, Trends and New Developments

  • April 2016 •
  • 55 pages •
  • Report ID: 3808947 •
  • Format: PDF
The Ballistic Protection Market - Key Drivers, Trends and New Developments

Summary

Ballistic Protection technology has come from developed nations with expeditionary forces and technical superiority. Regions such as Europe and North America have ensured continuous development in the ballistic protection field in order to increase chances of survivability among troops given ground soldier reduction plans in these regions. Rapid development in materials used for ballistic protection have led to slight cost reductions for some variants, which makes it possible for militaries of developing nations as well as paramilitary and police forces to institute organization-wide deployment.

Nations in developing regions such as Asia-Pacific, the Middle East, and Latin America, which do not possess indigenous advanced ballistic protection manufacturing capabilities, are also anticipated to invest in increased procurements of the US and European body armor components and ballistic protection technology or undertake licensed production of certain body armor and ballistic protection modules.
Key Trends and drivers
- Asymmetric Warfare to continue necessitating body armor developments and procurements.
- Soldier Modernization Programs to sustain demand over the next decade.
- Military vehicle armor to be driven by weight requirements and mobility.
- Advances in manufacturing technology and technology insertion projects boosting competition in military headgear.
- Increased demand in developing nations leading to more body armor programs and heightened adoption rates of ballistic vests.

The report “The Ballistic Protection Market - Key Drivers, Trends and New Developments” offers analysis of the global ballistic protection market and covers key technological and market trends in the industry, and analyzes drivers/factors influencing demand for ballistic protection equipment. Additionally, the report provides an overview of five top spenders in the sector including recent procurements undertaken by these countries and profiles of five major body armor and material manufacturers in the domain.

In particular, it provides an in-depth analysis of the following:
- Overview: Snapshot of the ballistic protection market, including highlights of the demand drivers, trends, and technology developments. It also provides a snapshot product evolution the end users within the homeland security domain.
- Drivers: Insights into the ballistic protection market and a detailed analysis of factors driving the market for each segment with segments including Homeland Security and Military.
- Trends: Insights on the prevalent trends in the sector segmented into Homeland Security and Military.
- Technology Trends and New Developments: Insights into current technical standards and new developments that will shape the market in the future.
- Country Analysis: Analysis of the five spenders that are anticipated to invest heavily in the domain, and recent programs executed by these nations.
- Company Analysis: Analysis of the five major companies that are catering to ballistic protection requirements in the domain.

Companies mentioned in this report: BAE Systems, Honeywell, 3M Ceradyne, Point Blank Enterprises, DSM Dyneema.

Key Findings

- Rapid development in materials used for ballistic protection have led to slight cost reductions for some variants, which makes it possible for militaries of developing nations as well as paramilitary and police forces to institute organization-wide deployment
- Strong governmental regulations that require the use of protective clothing have increased demand. Similarly, a major factor that is also anticipated to influence sales of ballistic protection equipment is the burgeoning trend of supplying body armor including headgear to emergency first responders such as paramedics and firefighters
- In mature markets such as the US and Europe, homeland security departments are including military surplus vehicles in their squads in order to tackle the increasing threat from terrorism and the availability of state-of-the-art weapons in commercial stores, which is leading to high-risk situations involving armed criminals

Synopsis

The Ballistic Protection Market - Key Drivers, Trends and New Developments report offers insights into the industry with an analysis based on key trends, drivers and new developments in the domain. This report analyzes factors that influence demand for ballistic protection equipment, impact of government regulations, key market influencers and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following:

- Evolution of the ballistic protection market: Provides a snapshot of the modernization pattern that has affected global product development in terms of meeting customer requirements
- Factors affecting Homeland Security and Military users: Tailored requirements that affect the demand and adoption of ballistic protection equipment in both these segments. Key trends and issues that are faced by suppliers as well as customers in both these segments
- Technology Trends and New Developments: technological advances and pure innovations that have been witnessed in the domain and how suppliers have utilized these advances
- Country Overview and Recent Procurements: Snapshot of ballistic protection requirements in 5 major countries/spenders in the domain and recent procurements that were or are being executed by these countries
- Supplier Analysis: Analysis of 5 major companies in the global market, provides an overview of key players, together with information regarding major products, key alliances, strategic initiatives, and financial analysis

Reasons To Buy

- Determine prospective investment areas based on trend analysis of the global ballistic protection market
- Gain in-depth understanding about the underlying factors driving demand for different ballistic protection equipment in both Homeland Security and Military domains across the world and identify the opportunities offered by the current scenario
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major channels that are driving the global ballistic protection market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion.
- Make correct business decisions based on thorough analysis of the competitive landscape of the sector with detailed profiles of major ballistic protection suppliers which include information about their products, alliances, recent contract wins and financial analysis wherever available.
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