Jul 30, 2020   SOURCE: BusinessWire

Ballistic Protection Industry Overview and Outlook 2020-2027 - ResearchAndMarkets.com

The "Ballistic Protection - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to this 4th edition of the report. The 280-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Ballistic Protection Market to Reach $12.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Ballistic Protection estimated at US$10 Billion in the year 2020, is projected to reach a revised size of US$12.8 Billion by 2027, growing at a CAGR of 3.6% over the period 2020-2027.

Personal Protective Equipment (PPE), one of the segments analyzed in the report, is projected to record 3.7% CAGR and reach US$11.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vehicle Armor segment is readjusted to a revised 2.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 6.4% CAGR

The Ballistic Protection market in the U.S. is estimated at US$2.7 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.

Competitors identified in this market include, among others:

  • ArmorSource LLC
  • ArmorWorks Enterprises, LLC
  • Australian Defence Apparel Pty. Ltd.
  • BAE Systems PLC
  • Ceradyne, Inc.
  • DowDuPont, Inc.
  • Eagle Industries
  • Honeywell International, Inc.
  • Morgan Advanced Materials PLC
  • Point Blank Enterprises, Inc.
  • Rheinmetall AG - Defence Sector
  • Royal Ten Cate N.V.
  • Survitec Group Limited
  • Teijin Ltd.

Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/r7ro4m