Global Ballistic Protection Market : Trends, Forecast, and Opportunity Analysis 1

Industry Profiles Snapshot Major ParameterDescription Market Segments by Type Body armor and vehicle armor Market Segments by Subtype Body Armor Soft body armor, hard body armor, and protective headgear Market Segments by End Use Defense, commercial, and homeland security Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name BAE Systems PLC, Point Blank Enterprises, Rheinmetall AG, Royal TenCate, and Ceradyne, Inc. Trend Growth Rate and CAGR3.5% Key Industry Forecast The global ballistic protection market is expected to reach an estimated $9.0 billion by 2022 and is forecast to grow at a CAGR of 3.5% from 2017 to Key Industry Driver Driver: Increasing defense budget in developing countries and increasing terror activities leading to growth in demand for ballistic protection equipment. 2

Industry Overview Market Size The global ballistic protection market is expected to reach an estimated $9.0 billion by 2022 and is forecast to grow at a CAGR of 3.5% from 2017 to Emerging trends, which have a direct impact on the dynamics of the industry, include increase in protection level though advancements of armors and increase in usage of lightweight materials. Market Size (2022)$9.0 billion CAGR ( )3.5% 3 Industry Performance : Forecast