DUBLIN, Mar. 30, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/p2mk5v/global_ballistic) has announced the addition of the "Global Ballistic Protection Market 2015-2019" report to their offering.
The Global Ballistic Protection market to grow at a CAGR of 5.21% over the period 2014-2019
Ballistic protection equipment protects both the soldiers and homeland security and law enforcement forces and vehicles (army and homeland security and law enforcement forces and private officials) against various materials such as bullets, explosive materials, falling glass materials, mortar, and mines. It also protects the soldiers and homeland security and law enforcement personnel from the electric shocks and heat, chemicals, biohazards, and physical hazards. The growing violence and the increase in the number of terror attacks is leading to high demand for ballistic protection equipment.
The growing usage of improved raw materials such as ceramic, Kevlar/Twaron, and titanium to cater to the growing demand for strength of ballistic protection equipment combined with improved protection for soldiers is becoming one of the major trends in the market.
According to the report, increased warfare as a result of armed conflicts, cross-border tension, and conflicts between countries is propelling the growth of the market. This has led to a rise in demand for ballistic protection equipment such as bulletproof vests, ballistic headgear, armored cars, and ballistic shields.
Further, the report states that ballistic protection equipment is essential for protection from and to minimize the impact of explosives, bullets, falling glass, and mortar shrapnel. However, one of the challenges in the market is the weight of the armor. Manufacturers use steel or iron to make ballistic protection armor, which increases the weight, thereby reducing mobility and flexibility.
The Global Ballistic Protection market can be segmented into the following based on type:
- Hard Armor/Ballistics
- Soft-body Armor
- Ballistic Head-gear
Based on end-user, the market is segmented into:
- Defense Sector
- Homeland Security
- Law Enforcement Forces
- BAE Systems
- E.I. DuPont De Nemours
- Honeywell International
- Royal TenCate NV (Koninklijke Ten Cate nv)
- Teijin Aramid
Other Prominent Vendors
- ArmorWorks Enterprises
- Australian Defense Apparel
- Eagle Industries
- Morgan Advanced Materials
- Point Blank Enterprises
- Survitec Group
For more information visit http://www.researchandmarkets.com/research/p2mk5v/global_ballistic
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SOURCE Research and Markets