Ballistic Protection Market Outlook and Industry Forecast to 2025

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According to the new market research report the
global Ballistic Protection Market size is
projected to grow from USD 12.6 billion in 2020
to USD 17.2 billion by 2025, at a CAGR of 6.4.
Increasing geopolitical tension is emerging
economies, and massive spending on
defense
owing to internal tensions in
conflicts
developing countries, such as Brazil, India, and
Russia are expected to drive the ballistic
protection industry growth. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id30112278 By platform, the airborne
segment is projected to grow at a higher CAGR
during the forecast period. The airborne segment
of the ballistic protection market includes
fixed-wing aircraft helicopters and unmanned
aerial vehicles (UAV). There is an increasing
demand for aircraft across various aviation
platforms for military purposes. This demand is
also attributed to the rising military
expenditure of various countries, such as China,
Japan, South Korea, and the US The UAV segment is
expected to witness the highest CAGR for the
forecast period, 2020-2025. The growth of the
airborne segment is attributed mainly because of
the introduction of UAVs in battlefields due to
changes in the dynamics of war. By application,
homeland security segment is expected to grow at
highest CAGR during the forecast period The
homeland security segment is projected to grow at
a higher CAGR as compared to the military
segment during the forecast period
Ballistic-resistant body armor is worn by
homeland security officers while in the field to
protect against specific ballistic threats.
Homeland security officers use personal
protective equipment, including body vests,
ballistic helmets, and gloves, to ensure safety
during any mission. Ballistic helmets protect
the wearer against small arms fire and
fragmentation threats. The combat systems used by
homeland security officers are ballistic
resistant as ceramics and thermoplastics
reinforce them. Asia Pacific is projected to lead
the ballistic protection market during the
forecast period The ballistic protection industry
in Asia Pacific is anticipated to grow at the
highest CAGR from 2020 to 2025. Asia Pacific is
an emerging market for ballistic protection
systems, owing to the economic growth of
countries in this region and increased
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defense spending in countries such as India,
China, Japan, South Korea, and Australia. The
governments of these countries and local
industries are also signing up with the
contractors and supporting them through the
procurement process by providing necessary
financial and infrastructure aids. The increase
in the number of insurgent groups entering
territories and using deadly explosives such as
IEDs and bombs has further raised the need for
ballistic protection systems. Key Market
Players A few of the major players in the
ballistic protection market include BAE Systems
(UK), 3M (US), Rheinmetall AG (Germany),
Koninklijke Ten Cate bv (Netherlands), Point
Blank Enterprises, Inc (US), Craig International
Ballistics Pty Ltd (Australia) and MKU Limited
(India). Ask for Sample Report _at_ https//www.marke
tsandmarkets.com/requestsampleNew.asp?id30112278
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