The report forecasts the global ballistic protection market to grow at a CAGR of 5.15% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Adoption of soft body armor will be a key trend for market growth. Soft body armor is ballistic protection armor, such as bulletproof vests, designed to protect army personnel and special police task forces. Initially, materials such steel, iron, fiberglass, and ballistic nylon were used to manufacture them. However, to address the growing concerns about reduced mobility and flexibility, manufacturers now use materials such as ceramic, titanium, aluminum, and aramid fibers.
According to the report, growing security threats in nations will be a key driver for market growth. The homeland security and law enforcement departments ensure the safety and security of a country from internal or domestic terrorism, prevent terrorist attacks and organized crimes, and minimize the damage from attacks and other hazards. Homeland security and law enforcement personnel also face life-threatening situations in the event of unexpected riots, terrorist attacks, and organized crime occurs. It has been noted that almost 95% of injuries are the result of falling or flying glass, mortar shrapnel, and explosive fragments.
Further, the report states that technical constraints will be a challenge against market growth.
- BAE Systems
- Honeywell International Corp.
- Royal TenCate Corporation EMEA
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/hwpzgt/global_ballistic
Related Topics: Missiles and Missiles Technology
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-ballistic-protection-market-to-grow-515-by-2020---rise-in-asymmetric-warfare---research-and-markets-300313441.html
SOURCE Research and Markets