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Ballistic Protective Equipment Market Size Worth $5.75 Billion by 2025: Grand View Research, Inc.SAN FRANCISCO, January 17, 2017 /PRNewswire/ -- The global ballistic protective equipment market is anticipated to reach USD 5.75 billion by 2025, according to a new report by Grand View Research, Inc. 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. (Photo: http://photos.prnewswire.com/prnh/20150105/723757 ) 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. Browse full research report with TOC on "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" at: http://www.grandviewresearch.com/industry-analysis/ballistic-protective-equipment-market Further key findings from the report suggest:
Grand View Research has segmented the global ballistic protective equipment market on the basis of raw material, product, end-use and region:
Read Our Blogs - http://www.grandviewresearch.com/blog/ballistic-protective-equipment-market-size-share About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Contact: Web: http://www.grandviewresearch.com SOURCE Grand View Research, Inc. |