IRVING, Texas, May 22, 2017 /PRNewswire/ -- According to a new market report published by Lucintel, the global ballistic protection market is expected to reach an estimated $9.0 billion by 2022 and is forecast to grow at a CAGR of 3.5% from 2017 to 2022. The major drivers of growth for this market are increasing defense budget in developing countries and increasing terror activities leading to growth in demand for ballistic protection equipment.
Browse 42 market data tables and 52 figures spread through 100 pages and in-depth TOC on "Global Ballistic Protection Market"
On the basis of its comprehensive research, Lucintel forecasts that body armor segment is expected to show above average growth during the forecast period.
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North America is expected to remain the largest region during the forecast period due to highest procurement of military vehicles and body armors in this region.
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Emerging trends, which have a direct impact on the dynamics of the industry, include increase in protection level though advancements of armors and increase in usage of lightweight materials. BAE Systems PLC, Point Blank Enterprises, Rheinmetall AG, Royal TenCate, and Ceradyne, Inc. are among the major manufacturers of body armor and vehicle armor.
The study includes a forecast for the global ballistic protection market by type, subtype (body armor), end-use, and region as follows:
Ballistic protection market by type (Value ($ million) from 2011 to 2022):
- Body Armor
- Vehicle Armor
Ballistic protection market by Subtype (Body Armor) (Value ($ million) for 2016)
- Soft body armor
- Hard body armor
- Protective headgear
Ballistic protection market by End-Use (Value ($ million) from 2011 to 2022):
- Homeland Security
Ballistic protection market by Region (Value ($ million) from 2011 to 2022):
- North America
- Asia Pacific
- The Rest of the World
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For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/ballistic_protection_market_2017_2022.aspx or [email protected]
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