Ballistic Protection Market to Reach $16.9 Billion by 2027 with a CAGR of 4.7%

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Ballistic Protection Market to Reach 16.9
Billion by 2027 with a CAGR of 4.7
The report "Ballistic Protection Market by
Material (Metals Alloys, Ceramics, Composites,
Bulletproof Glass, Fabric), Product, Technology,
Threat Level (Level II IIA, Level III IIIA,
Level IV Above), Platform, Application and
Region - Global Forecast to 2027" The ballistic
protection market is projected to grow from USD
13.4 billion in 2022 to USD 16.9 billion by
2027, at a CAGR of 4.7 from 2022 to 2027.
Rising political unrest in emerging economies
is one of the major driving factor for the
demand of the ballistic protection
market. Download PDF Brochure _at_ https//www.market
sandmarkets.com/pdfdownloadNew.asp?id30112278 By
threat level, IV and above segment is expected
to lead the market during the forecast
period. On the basis of threat level, the
ballistic protection market has been segmented
into II and IIA, III and IIIA and IV and above.
A level IV hard plate is designed to defeat
armor-piercing projectiles. It is tested with a
single impact of test calibers specified in the
NIJ standard, which represent common threats to
the law enforcement and security community,
especially in the US. Other countries may have
different threat levels to defeat. Level IV
ballistic armors are designed to offer protection
against large, high-velocity bullets. These
armors can stop rounds fired by rifles and
submachine guns and are mostly used by tactical
police teams and the military. By application,
homeland security segment is expected to grow at
highest CAGR during the forecast period. During
the forecast period, the homeland security
segment is projected to grow at a higher rate
than the military segment. Homeland security
personnel that are deployed wear
ballistic-resistant body armor to safeguard
against specific ballistic threats. To maintain
safety during any mission, homeland security
professionals wear personal protection
equipment, such as body vests, ballistic helmets,
and gloves. Ballistic helmets are designed to
shield the wearer against fragmentation and
small-arms threats. Because they are reinforced
by ceramics and thermoplastics, the fighting
systems employed by homeland security officers
are ballistic resistant. Asia Pacific is
projected to grow at the highest CAGR during the
forecast period. Ballistic protection systems are
seeing growth in the Asia Pacific region as a
result of rising defence spending in nations
like Australia, India, China, Japan, South Korea,
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and the United States as well as the regions
expanding economy. Additionally partnering with
the contractors and assisting them through the
procurement process by providing the required
financial and infrastructure supports are the
governments of these nations and the local
industries. Ballistic protection systems are
becoming even more necessary since more
insurgent organisations are invading the country
and utilising lethal weapons like IEDs and
bombs. Key Market Players Key players in the
ballistic protection market include BAE Systems
(UK), Avon Protection (US), Rheinmetall AG (US),
Tencate Advanced Armor (Netherlands), Point
Blank Enterprises (US) and SAAB AB (Sweden). The
players are largely focused on contracts and
having a strong global presence will help them
gain a competitive advantage in the ballistic
protection industry. These companies are
concentrating their efforts on breaking into new
markets by launching technologically superior
platforms. These companies, in addition to new
product releases and advances, have adopted
contracts as strategy. Inquiry Before Buying
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_BuyingNew.asp?id301122 78 About
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