Ballistic Protection Materials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2023

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Ballistic Protection Materials Market Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 2023
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Ballistic
Protection Materials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2023".
This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions
and worldwide business sector industry structure.
The ballistic protection materials market is one of the major markets globally with a huge growth potential. Factors such as
increasing violence and growing terrorism attacks worldwide are generating huge demand for ballistic protection materials.
These materials play a vital role in offering protection and safety against explosive chemicals, bullets, mortars, falling glass
materials, mines, and other hazardous materials. The global ballistic protection materials market can be segmented on the basis
of materials as aramid, carbon fiber composite, glass, lexan, and plastic. On the basis of application, the ballistic protection
materials market can be segmented into defense, homeland security, commercial, personal protective equipment, and vehicle
armor. On the basis of product type, the ballistic protection materials market can be segmented into three categories: soft
armor, hard armor, and head gear.
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The materials primarily employed in the ballistic protection equipment include aramid, carbon fiber composites, glass, lexan,
and plastic. Aramid accounts for a major share of the global ballistic protection materials market due to its high strength,
durability, and functionality. Kevlar is one of the renowned brands of aramid material, and is manufactured by DuPont. This
material is in huge demand among the manufacturers of defense apparels and equipment globally on account of its high
strength, durability, and lightweight. Kevlar is mainly utilized for making protective vests, body armor, helmets, and up-armored
vehicles. Kevlar is composed of elongated molecular chains of poly-paraphenylene terephthalamide, which enhance its strength
by five times as compared to steel.
In the product type, soft armor offers features such as light weight, high flexibility, and high shear strength. On exposure to
higher impacts, the high modulus of elasticity of the soft armor allows the energy generated through impact to dissipate over as
large an area as possible. Hard armors are comparatively thicker and more rigid. This type is made from polymer composites
reinforced with steel and ceramics.
The defense sector holds a major share of the global ballistic materials market due to increasing conflict among countries across
the globe. Factors such as increasing number of terror attacks and growing regional violence is anticipated to propel the demand
for ballistic protection materials higher. Soft armors are witnessing huge demand in recent years which is expected to increase
in the next few years. Due to rising demand for soft armor, the global companies are largely investing in R&D activities in a bid
to develop and manufacture light weight and composite materials, which can be employed in the manufacturing of ballistic
protective equipment. It was also observed that there is huge demand for ballistic protective materials in the up-armored
vehicles due to their enhanced capability to bear the high piercing ballistic impact during wars. Factors such as increasing rivalry
among countries, growing armed conflicts, and cross border threats are driving the demand for ballistic materials market higher
in the manufacturing of different protective gear and armors such as ballistic helmets, armored vehicles, ballistic shields, and
bulletproof vests or jackets. A key challenge for this market lies in the weight of the armor. The conventional armor is composed
of metals such as steel and iron which increases its weight further. This hinders the mobility and flexibility of the armor, hence
enabling new entrants to enter into the market with new technologies and materials, which are light in weight and possess high
strength.
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Some of the key players operating in the global ballistic protective materials market are BAE Systems plc, DuPont,
Honeywell International, Inc., Koninklijke Ten Cate N.V., Teijin Aramid, Ceradyne, Inc., Morgan Advanced Materials plc,
Rheinmetall AG, and ArmorWorks Enterprises, LLC.
This research report analyzes this market on the basis of its market segments, major geographies, and current
market trends. Geographies analyzed under this research report include
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North America
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Asia Pacific
•
Europe
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Middle East and Africa
•
Latin America
This report provides comprehensive analysis of
•
Market growth drivers
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Factors limiting market growth
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Current market trends
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Market structure
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Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis
and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the
existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
•
This report provides pin-point analysis for changing competitive dynamics
•
It provides a forward looking perspective on different factors driving or restraining market growth
•
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
•
It helps in understanding the key product segments and their future
•
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
•
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of
market segments
•
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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The ballistic protection materials market is one of the major markets globally with a huge growth potential. Factors such as increasing violence and growing terrorism attacks worldwide are generating huge demand for ballistic protection materials. These materials play a vital role in offering protection and safety against explosive chemicals, bullets, mortars, falling glass materials, mines, and other hazardous materials. The global ballistic protection materials market can be segmented on the basis of materials as aramid, carbon fiber composite, glass, lexan, and plastic. On the basis of application, the ballistic protection materials market can be segmented into defense, homeland security, commercial, personal protective equipment, and vehicle armor. On the basis of product type, the ballistic protection materials market can be segmented into three categories: soft armor, hard armor, and head gear.