Ballistic Protection Market worth $16.9 billion by 2027 at a CAGR of 4.7%

1. BallisticProtectionMarketworth$16.9 billion by 2027 at a CAGR of4.7% This report provides an analysis of the ballistic protection marketfrom 2018 to 2027. It discusses industry and technological trends that are currently prevailing in the market. It analyses factors driving and restraining the growth of this market, as well as the challenges faced it. The market is estimated to be USD 13.4 billion in 2022 and is projected to reach USD 16.9 billion by 2027, at a CAGR of 4.7% during the forecast period. Key factors fueling the growth of this market include rising political unrest in emerging economies, need for upgrades in battlefield scenarios, development of lightweight, comfortable, and high-strength materials and demand for protection by VVIPs. Key MarketPlayers Some of the key players profiled in the ballistic protection market report include BAE Systems (UK), Avon Protection (US), Rheinmetall AG (US), Tencate Advanced Armor (Netherlands), Point Blank Enterprises(US), SAAB AB others, are operating (Sweden) prominent among players ballistic inthe protectionmarket. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=30112278 On the basis of technology, the ballistic protection market has been segmented into hard armor and soft armor. , the hard armor segment is estimated to account for a larger share (70.4%) of the ballistic protection market in 2022. The demand for hard armor is expected to increase due to growing investments in combat armored vehicles, as well as an increase in demand for personal protective equipment that can resist up to level IVthreats. On the basis of material, the ballistic protection market has been segmented into metals & alloys, ceramics, composites, bulletproof glass and fabric. The composites segment is estimated to account for the largest share (35.8%) of the ballistic protection market in 2022. There is a growing need for lightweight, comfortable, and high- strength material to protect military and homeland securitypersonnel from external

2. threats. Hence, there is an increasing demand for lightweight armor, which is driving the growth of the materialsegment. On the basis of product, the ballistic protection market has been segmented into hull & body, personal protective equipment, weapon stations & optronic, ballistic containers & portable shelters, ballistic windows, ballistic doors, ballistic blocks, barrier systems, engine protection, fuel drop tanks & ammunition storage, ballistic floors, cockpit ballistic protection and pilot seat protection. The personal protective equipment segment is estimated to account for a 27.0% share of the ballistic protection market in 2022. The increase in geopolitical tension in emerging economies has driven the growth of the personal protective equipmentsegment. Ask for Sample Report@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=30112278 AboutMarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™INC. 630 DundeeRoad Suite 430 Northbrook, IL60062 USA:1-888-600-6441