DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Ballistic Protective Equipment Market Analysis By Material (Aramid, Composites, UHMWPE, Steel), By Product (Head Protection, Soft Armor, Hard Armor), By End-use (Defense, Commercial, Law Enforcement & Safety), And Segment Forecasts, 2014 - 2025" report to their offering.
The global ballistic protective equipment market is anticipated to reach USD 5.75 billion by 2025, according to this new report. Increasing tensions between nations and across borders have heightened the demand for ballistic protection products like headgear, bulletproof vests, shields, armored car, eyewear, and missiles among different end-users.
Technological proliferation is pivotal in the industry, and the market is witnessing a high demand for innovative gears such as DEFCON, liquid body armor, and dragon skin. Furthermore, the escalating need for ensuring the safety of soldiers and military personnel is leading to a large-scale procurement of armor wear by government agencies.
A rise in military conflict is increasing the need for protective gear for safeguarding the armed forces mainly in the emerging economies such as China and India. These military super powers are continuously focusing on the replacement of the legacy military product and also consequently rising their spending in the defense sector. Such modernization activities are creating tremendous opportunities for expansion of ballistic protective equipment market.
Ultra-high molecular weight polyethylene (UHMWPE) products are anticipated to witness the fastest growth over the forecast period at a CAGR of 4.6% over the next nine years. Several government initiatives are encouraging the usage of such lightweight and durable materials for developing ballistic suits, which are anticipated to increase the UHMWPE material demand over the forecast period.
Major players operating in the global ballistic protective equipment market include MKU, 3M Company, BAE Systems Plc, EnGarde, PSP, Inc., and Tencate
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Ballistic Protective Equipment Industry Outlook
4. Ballistic Protective Equipment Market: Raw Material Outlook
5. Ballistic Protective Equipment Market: Product Outlook
6. Ballistic Protective Equipment Market: End-use Outlook
7. Ballistic Protective Equipment Market: Regional Outlook
8. Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/9h8mbf/ballistic