Global Ballistic Protection Market Report 2022-2027: Need for Upgrades in Battlefield Scenarios, Development of Lightweight, Comfortable, and High-Strength Materials, & Demand for Protection by VVIPs

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Nov 30, 2022, 16:15 ET

DUBLIN, Nov. 30, 2022 /PRNewswire/ -- The "Global Ballistic Protection Market by Material (Metals & Alloys, Ceramics, Composites, Bulletproof Glass, Fabric), Product, Technology, Threat Level (Level II & IIA, Level III & IIIA, Level IV & Above), Platform, Application and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The ballistic protection market is projected to grow from USD 13.4 billion in 2022 to USD 16.9 billion by 2027, at a CAGR of 4.7% from 2022 to 2027

The market is driven by the need for upgrades in the battlefield scenarios. However, the market's growth is limited by the stringent standards for ballistic protection products.

In 2020, the global military expenditure was worth USD 1,981 billion, the highest level since 1988 as per SIPRI. The global military expenditure in 2020 was 2.6% higher in real terms than in 2019 and 9.3% higher than in 2011.

This increase was largely due to the fact that most countries in the world experienced severe economic downturns in 2020 due to the COVID-19 pandemic, while military expenditure continued to rise due to growing tension and disputes on several international borders around the world.

By speed, high speed segment is expected to grow at the highest CAGR

Unmanned vehicles that are manufactured for use as targets and can operate beyond a speed of 250 m/s fall under the category of high-speed target drones. This segment accounted for a 46.5% share of the target drones market in 2022.

With the growing emphasis on replicating realistic threats in military training, high-speed target drones are expected to witness prominent demand during the forecast period. However, due to limited defense budget allocation in some emerging economies, these drones are not always feasible.

The US, Russia, and China procure high-speed target drones. QinetiQ Group PLC (UK), Northrop Grumman (US), Kratos Defense and Security Solutions (US), and Boeing (US) are key manufacturers of high-speed target drones.

By payload capacity, medium (20 kg to 40 kg) segment is expected to lead the market in terms of value

On the basis of payload capacity, the target drone market has been segmented into high (>40 kg), medium (20 kg to 40 kg), and low (<20 kg). The use of target drones in applications such as target & decoy, reconnaissance, and combat training requires additional components to make them more effective in operations.

These target drones are equipped with passive & active radar augmentation, electronic payloads, GPS navigation, and several types of cameras. With the increasing efforts to make military training more realistic, these payloads are used to help drones perform functions in the above-mentioned applications.

QinetiQ is one such major company involved in the production of target drones capable of carrying medium payloads.

Asia-Pacific held the largest market share in terms of value

Asia-Pacific is estimated to account for 33.2% of the ta market in 2022. The market in North America is projected to grow from USD 4,467 million in 2022 to USD 5,935 million by 2027, at a CAGR of 5.8% from 2022 to 2027.

Leading players

The major players include BAE Systems (UK), Avon Protection (US), Rheinmetall AG (US), Tencate Advanced Armor (Netherlands), Point Blank Enterprises (US) and SAAB AB (Sweden).

Premium Insights

Increasing Geopolitical Tensions in Emerging Economies to Drive Ballistic Protection Market
Composites Segment to Account for Largest Market Size from 2022 to 2027
Land to be Largest Platform Segment During Forecast Period
Europe to Hold Dominant Position in 2022
Military Application to Dominate During Forecast Period
Threat Level IV & Above to Hold Largest Market Share
South Korea to Register Highest CAGR in Ballistic Protection Market During Forecast Period

Market Dynamics

Drivers

Rising Political Unrest in Emerging Economies
Need for Upgrades in Battlefield Scenarios
Development of Lightweight, Comfortable, and High-Strength Materials
Demand for Protection by VVIPs

Restraints

Inability to Provide Complete Protection
Stringent Standards for Ballistic Composite Products

Opportunities

Rising Demand for Multipurpose Equipment
Increasing Demand from Asia-Pacific
Advancements in Armor Composite Materials

Challenges

High Production Cost of Armor Materials
Demand for Increased Comfort and Functionality

Ballistic Protection Market Ecosystem

Prominent Companies
Start-Ups and Small Enterprises
End-users

Technology Analysis

Composite Textiles in High-Performance Apparel

Use Case Analysis

Use Case: Enhanced Comfort During Combat

Industry Trends

Advanced Materials for Ballistic Protection
Electronic Textiles
Electric Armor
Technology Trends
Double-Sided Combat Uniform Fabric
Defcon Armor Technology
Modular Ballistic Protection Systems
Advanced Ceramic Ballistic Armor
Dyneema Force Multiplier Technology
Improved Outer Tactical Vests
Liquid Armor
Smart Fluid
Reactive Armor Technology
Sensor Technology
Next-Gen Suits

Ballistic Protection Market, by Platform

Land

Combat Armored Vehicles
Main Battle Tanks
Increasing Offensive Cross-Country Operations
Infantry Fighting Vehicles
Procurement by Emerging Economies
Armored Personnel Carriers
Increasing Demand to Counter Terrorist Attacks and Asymmetric Warfare
Armored Amphibious Vehicles
Used by Military Forces for Amphibious Operations
Mine-Resistant Ambush Protected
Increasing Use for Protection from Ieds and Mines
Light Armored Vehicles
Uses for Border Patrol and Isr
Self-Propelled Howitzers
Easy Maneuverability Boosts Demand
Air Defense Vehicles
Adoption of Vehicle-Mounted Anti-Aircraft Guns
Armored Mortar Carriers
High Demand for Integrated Armored Vehicles with Dedicated Mortar Storage Compartment
Combat Support Vehicles
Armored Supply Trucks
Increasing Use for Fuel and Ammunition Supply to Troops
Armored Fuel Trucks
Used to Transport Fuel to Forward Arming and Refueling Points
Armored Ammunition Replenishment Vehicles
Used at Forward Bases During Warfare Operations
Armored Ambulances
Vital to Transport Injured Personnel to Medical Facilities
Armored Command and Control Vehicles
Increasing Adoption for Mobile Armored Operations
Repair and Recovery Vehicles
High Demand for Towing or Repair of Combat Vehicles
Unmanned Armored Ground Vehicles
Increasing Research & Development on UGVs for Warfare
Soldiers & Security Personnel
Wide-Scale Use of Personal Protective Equipment
Base Stations
Stations Used for Shelter and Storage by Military

Airborne

Fixed-Wing Aircraft
Upcoming Defense Programs to Drive Segment
Fighter Aircraft
Transport Aircraft
Reconnaissance & Surveillance Aircraft

Helicopters

Provide Accessibility for Special Missions
Attack & Reconnaissance Helicopters
Special Mission Helicopters
Maritime Helicopters
Transport Helicopters
Unmanned Aerial Vehicles (UAV): High Number of Isr Missions Drives Demand

Marine

Destroyers: Fast, Long-Lasting, Maneuverable Ships
Frigates: Used to Protect Other Warships and Merchant Ships
Corvettes: Smallest Vessel Class Among Warships
Offshore Support Vessels (Osvs): Small Patrol Vessels Used for Coastal Defense
Aircraft Carriers: Possibility of Using Hybrid Propulsion for Aircraft Carriers
Submarines: US, France, and India - Currently Using or Developing Electric Propulsion Systems
Unmanned Surface Vehicles: Used in Military Applications for Seaborne Targets

Company Profiles

Bae Systems
Avon Protection
Rheinmetall AG
Tencate Advanced Armor
Fms Enterprises Migun Ltd.
Point Blank Enterprises
Seyntex
Ada (Australian Defence Apparel)
Survitec Group Limited
Armorworks
Revision Military
Armorsource LLC.
Southern States LLC.
Craig International Ballistics Pty Ltd.
Paul Boye Technologies
Roketsan
Saab Ab
Mku Limited
Pacific Safety Products
Elmon
Np Aerospace
Plasan
Armor Express

For more information about this report visit https://www.researchandmarkets.com/r/cb4dgv

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