Rising Defence Expenditure and Growing Exports to Shape the Future for Bulletproof vest manufacturers in India: Ken Research

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Rising Defence Expenditure and Growing Exports to
Shape the Future for Bulletproof vest
manufacturers in India Ken Research
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• Growth of ballistic protection market is
  anticipated to be led by growing military
  strength of the country, expanding defence
  budgets and inclining global demand for
  domestically manufactured bulletproof vests and
  other ballistic equipments.
• Bulletproof Vests/Jackets had dominated the
  market in the country over the years in terms of
  both value and volume.
• The leading players in ballistic protection
  industry are MKU, Indian Armor, TATA Advanced
  Materials, Starwire and Shri Lakshmi Defence Ltd.

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• Ken Research announced its latest publication on
  India Ballistic Protection Market Outlook to
  2021 - Rising Defence Expenditure and Growing
  Exports to Shape the Future The report covers
  various aspects such as overall size of the
  ballistic protection market in terms of value and
  volume, segmentation on the basis of types of
  products, domestic sales and exports and others.
  The report also covers future outlook and
  projections of the industry. Additionally, the
  report offers prevalent trends, developments and
  challenges in industry and SWOT analysis of the
  current market. The report also covers the
  competitive landscape of the industry and
  comprehensive profile of leading players
  operating in the market. The report also serves
  as a benchmark for existing players and every new
  player who wish to capitalize the market
  potential and investors who are looking forward
  to venture into the ballistic protection market
  in India.
• Personal ballistic protection equipment includes
  reinforced clothing for a user to wear and
  protect him from bullets or other shrapnel that
  may cause harm to the individual. The most
  commonly used personal ballistic equipment is
  bullet proof vest/ jacket.

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• They are primarily used to protect the major part
  of the torso of the wearer, since it is the
  region of the body that offers the maximum target
  area for an assailant. Ballistic boots and shoes
  are also extensively used as they protect the
  feet from injuries and also help to maintain the
  temperature of the feet which is critical in high
  altitudes for the wearer. Bomb suits or demining
  suits, on the other hand are used by special
  cells of the armed forces or police forces. The
  market for these products is relatively smaller,
  since these equipments are used for special
  purposes. The current tender process to procure
  such equipments in India is very complex and
  long. Since individual states manage their own
  defence decisions and the state government rarely
  mentions their requirement until they finally
  come out with a tender, the tender process takes
  a long process and breaks to complete the final
  procurement and fund disbursal. Hence many
  domestic companies focus on exporting the
  products to other countries.
• In FY2016, the largest share in the personal
  ballistic protection market in India was
  countered by bullet proof vests. This
  considerable share has been witnessed owing to
  the fact that vests are the most commonly used
  form of protection gear.

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The risk of personal safety for VIPs and HNWIs
has also led to a rise in the demand for these
products, primarily bullet proof vests, which has
been instrumental in helping this increase in
demand. Increasing demand of ballistic
protection in the country had increased its
production in the country. The leading and the
emerging companies should focus on the
international market as huge demand for Indian
ballistic products, especially vests is arising
from foreign military and police forces. Large
number of Indian companies are already supplying
to significant number of clients all over the
world. Entities such as British Armed Forces, US
Department of Defense, United States Agency for
International Development (USAID), United Nations
Development Program (UNDP), Ghana Armed Force,
Royal Thai Army and Royal Thai Navy, Japan
Maritime self-defense forces and Nepalese army
buy bulletproof jackets/vests in large quantities
from Indian manufacturers. according to the
Research Analyst, Ken Research.
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• Key Topics Covered in the Report
• India Ballistic Protection Market Introduction
  and Size by value and volume
• India Ballistic Protection Market Segmentation
  (By types of products and import and domestic
  production)
• India Ballistic Vest/Jacket Protection Market
  size by value and volume
• India Ballistic Vest/Jacket Protection Market
  Segmentation (By domestic sales and exports)
• India Ballistic Boots Market size by value and
  volume
• India Ballistic Blankets Market size by value and
  volume
• India Ballistic Blankets Market Segmentation (By
  domestic sales and exports)
• India Demining Suits Market size by value and
  volume
• India Bomb Suits Market size by value and volume
• India Ballistic Helmet Market size by value and
  volume
• India Ballistic Helmet Market Segmentation (By
  domestic sales and exports)
• Company Profile of Leading Players in India
  Ballistic Protection Market
• SWOT analysis of India Ballistic Protection
  Market
• India Ballistic Protection Market Future Outlook
  and Projections

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• Key Product Mentioned in the Report
• Bulletproof Vest/Jackets
• Ballistic Helmets
• Ballistic Boots
• Demining Suits
• Bomb Suits
• Ballistic/Bomb Blankets
• Bulletproof Glass
• Armored Vehicles
• Companies Covered in the Report
• MKU
• Indian Armor
• TATA Advanced Material
• Starwire
• Shri Lakshmi Defence Ltd

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For more information about the publication, refer
to below link https//www.kenresearch.com/defens
e-and-security/weapon/india-ballistic-protection-m
arket/54087-16.html Related Reports https//www.
kenresearch.com/defense-and-security/security-devi
ces/india-electronic-security-market-2020/30045-16
.html Contact Us Ken ResearchAnkur Gupta,
Head Marketing CommunicationsAnkur_at_kenresearch.
com91-9015378249
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