Ballistic Protection Market projected to reach $17.2 billion by 2025

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According to the latest 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 conflicts tensions in developing
countries, such as Brazil, India, and Russia are
expected to drive the ballistic protection
industry growth. Key Market Players A few of the
major players in the global ballistic
protection market include BAE Systems (UK), 3M
(US), Rheinmetall AG (Germany), Koninklijke Ten
bv (Netherlands), Blank Enterprises,
Cate Point Inc
(US), Craig
International Ballistics Pty Ltd. (Australia),
MKU Limited (India), Elmon (Greece), FMS
Enterprises Migun Ltd (Israel), Permali (UK),
Revision Military (US), Saab AB(Sweden), and
Survitec Group Limited(UK). Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id30112278 By platform, the airborne
segment is expected to be the largest contributor
to the ballistic protection market during the
forecast period. By platform, the airborne
segment is projected to grow at a higher CAGR
during the forecast period. It 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
attributed to the rising military expenditure of
multiple 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
changes in the dynamics of war, leading to the
introduction of UAVs on the battlefield. 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 rate than 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.
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Ballistic helmets are intended to 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 grow at the highest CAGR
during the forecast period. The ballistic
protection market 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
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 the
territories and using deadly explosives such as
IEDs and bombs has further raised the need for
ballistic protection systems. Ask for Sample
Report _at_ https//www.marketsandmarkets.com/request
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