Title: Homeland Security Leads Growth in Ballistic Protection Market
1- Homeland Security Leads Growth in Ballistic
Protection Market New Report Insights - The Ballistic Protection Market is projected to
expand significantly, reaching USD - 16.9 billion by 2027 from USD
- 13.4 billion in 2022, with a compound
annual growth rate (CAGR) of 4.7. The
growth is attributed to several factors,
including rising political unrest in emerging
economies, which is driving the demand for
advanced ballistic protection solutions. - Download PDF Brochure _at_
- https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id30112278 - Market Segmentation and Insights
- Threat Level Segmentation
- Level IV and Above Expected to lead the market.
Level IV armor plates are designed to defeat
armor-piercing projectiles and are tested
with single impacts of calibers specified in the
National Institute of Justice (NIJ) standard.
These armors provide protection against
high-velocity bullets and are predominantly
used by tactical police teams and military
personnel. - Level II and IIA, Level III and IIIA These
levels also contribute significantly - to the market, with varying degrees of protection
suitable for different threat environments. - Application Segmentation
- Homeland Security This segment is anticipated to
grow at the highest CAGR. Homeland security
personnel require ballistic-resistant body armor
to protect against specific threats during
missions. Equipment such as body vests, ballistic
helmets, and gloves are essential for their
safety. Ballistic helmets, reinforced with
ceramics and thermoplastics, offer protection
against fragmentation and small-arms fire. - Military Continues to be a major application
segment with ongoing demand for advanced
ballistic protection solutions for defense
personnel.
2- Government support and collaboration with
local industries to facilitate procurement
processes. - Rising insurgent activities and the use of lethal
weapons like improvised explosive devices
(IEDs) and bombs, necessitating advanced
ballistic protection systems. - Ask for Sample Report _at_ https//www.marketsandmark
ets.com/requestsampleNew.asp?id30112278 Key
Market Players and Strategies - Leading companies in the ballistic protection
market include - BAE Systems (UK)
- Avon Protection (US)
- Rheinmetall AG (US)
- Tencate Advanced Armor (Netherlands)
- Point Blank Enterprises (US)
- SAAB AB (Sweden)
- These companies are focusing on
- Securing contracts to enhance their global
presence and gain a competitive edge. - Entering new markets with technologically
advanced platforms. - Launching new products and advancements to meet
the evolving demands of the market. - Adopting strategies such as contracts to
strengthen their market position.
About MarketsandMarkets MarketsandMarkets has
been recognized as one of Americas best
management consulting firms by Forbes, as per
their recent report. MarketsandMarkets is a blue
ocean alternative in growth consulting and
program management, leveraging a man-machine
offering to drive supernormal growth for
progressive organizations in the B2B space. We
have the widest lens on emerging technologies,
making us proficient in co-creating supernormal
growth for clients. Earlier this year, we made a
formal transformation into one of America's best
management consulting firms as per a survey
conducted by Forbes. The B2B economy is
witnessing the emergence of 25 trillion of new
revenue streams that are substituting existing
revenue streams in this decade alone. We work
with clients on growth programs, helping them
monetize this 25 trillion opportunity through
our service lines - TAM Expansion,
Go-to-Market (GTM) Strategy to Execution,
Market Share Gain, Account Enablement, and
Thought Leadership Marketing. Built on the 'GIVE
Growth' principle, we work with several Forbes
Global 2000 B2B companies - helping them stay
relevant in a disruptive ecosystem. Our insights
and
3strategies are molded by our industry experts,
cutting-edge AI-powered Market Intelligence
Cloud, and years of research. The
KnowledgeStore (our Market Intelligence Cloud)
integrates our research, facilitates an analysis
of interconnections through a set of
applications, helping clients look at the entire
ecosystem and understand the revenue shifts
happening in their industry.
To find out more, visit www.MarketsandMarkets.com
or on Twitter, LinkedIn and Facebook. Contact Mr
. Rohan Salgarkar MarketsandMarkets INC. 630
Dundee Road Suite 430 Northbrook, IL 60062 USA
1-888-600-6441 Email sales_at_marketsandmarkets.com
follow us