How big is the Ballistic Protection Market?

The Ballistic Protection Market size is expected to reach USD 14.67 billion in 2024 and grow at a CAGR of 5.41% to reach USD 19.10 billion by 2029. Read More

What is the current Ballistic Protection Market size?

In 2024, the Ballistic Protection Market size is expected to reach USD 14.67 billion. Read More

Who are the key players in Ballistic Protection Market?

Saab AB, BAE Systems plc, Honeywell International Inc., Rheinmetall AG and DuPont are the major companies operating in the Ballistic Protection Market. Read More

Which is the fastest growing region in Ballistic Protection Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Ballistic Protection Market?

In 2024, the North America accounts for the largest market share in Ballistic Protection Market. Read More

What years does this Ballistic Protection Market cover, and what was the market size in 2023?

In 2023, the Ballistic Protection Market size was estimated at USD 13.88 billion. The report covers the Ballistic Protection Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ballistic Protection Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Ballistic Protection Market Size & Share Analysis - Industry Research Report

Ballistic Protection Market Size & Share Analysis - Growth Trends & Forecasts (2024-2029)

The Ballistic Protection Market is Segmented by Product Type (Personnel Protection Equipment and Vehicle Protection Equipment), Application (Military, Airborne, and Marine), Technology (Soft Armor and Hard Armor), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Ballistic Protection Industry Overview

The ballistic protection market is semi-consolidated in nature due to the presence of several local and global players holding significant shares in the market. Some of the prominent players in the ballistic protection market are BAE Systems plc, DuPont, Honeywell International Inc., Rheinmetall AG, and Saab AB, amongst others. These companies deploy both organic and inorganic strategies to consolidate their market positioning. The key players highly invest in enhancing soldiers' security and thus focus on developing advanced solutions for defense forces.

Moreover, as the market demand improves with the growth in terms of defense budgets of various nations coupled with military modernization being a priority of various countries worldwide, it is expected that the smaller players will be acquired to gain a competitive advantage in the future.