Growth Opportunities in the Global Ballistic Protection Market

NEW YORK, April 3, 2017 /PRNewswire/ -- Trends, opportunities and forecast in this market to 2022 by type (body armor and vehicle armor), subtype body armor (soft body armor, hard body armor, and protective headgear), end-use (defense, commercial, and homeland security), and region (North America, Europe, Asia Pacific, and Rest of the World)


Read the full report: http://www.reportlinker.com/p04804604/Growth-Opportunities-in-the-Global-Ballistic-Protection-Market.html



The future of the global ballistic protection market looks good with opportunities in the defense, commercial, and homeland security market. 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 2022. The major drivers of growth for this market are increasing defense budget in developing countries and increasing terror activities leading to growth in demand for ballistic protection equipment.

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.

The study includes a forecast for the global ballistic protection market by type, subtype (body armor), end-use, and region as follows:

Ballistic protection market by type (Value ($ million) from 2011 to 2022):
- Body Armor
- Vehicle Armor

Ballistic protection market by Subtype (Body Armor) (Value ($ million) for 2016)
- Soft body armor
- Hard body armor
- Protective headgear

Ballistic protection market by End-Use (Value ($ million) from 2011 to 2022):
- Defense
- Homeland Security
- Commercial

Ballistic protection market by Region (Value ($ million) from 2011 to 2022):
- North America
- Europe
- Asia Pacific
- The Rest of the World

Ballistic protection companies profiled in this market report include BAE Systems PLC, Point Blank Enterprises, Rheinmetall AG, Royal TenCate, and Ceradyne, Inc.

On the basis of its comprehensive research, Lucintel forecasts that body armor segment is expected to show above average growth during the forecast period.

Within the global ballistic protection market, defense segment is expected to remain the largest segment. Increasing defense budgets in the Asian region and upgradation of equipment in North America are the major drivers, which would spur growth for this segment over the forecast period.

North America is expected to remain the largest region during the forecast period due to highest procurement of military vehicles and body armors in this region.

Some of the features of "Growth Opportunities in the Global Ballistic Protection Market 2017-2022: Trends, Forecast, and Opportunity Analysis" include:
- Market size estimates: Global ballistic protection market size estimation in terms of value ($B) and volume (Million Tons) shipment.
- Trend and forecast analysis: Market trend (2011-2016) and forecast (2017-2022) by region and segments.
- Segmentation analysis: Global ballistic protection market size by various applications such as type, sub type, and end use in terms of value and volume shipment
- Regional analysis: Global ballistic protection market breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of the World.
- Growth opportunities: Analysis on growth opportunities in different applications and regions.
- Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of global ballistic protection suppliers.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers the following 11 key questions:
Q.1 What are some of the potential, high-growth opportunities for global ballistic protection market by type (body armor and vehicle armor), subtype body armor (soft body armor, hard body armor, and protective headgear), end-use (defense, commercial, and homeland security), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in ballistic protection market?
Q.5 What are the business risks and threats of this market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in ballistic protection market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 How is the competitive rivalry and threat of substitution in ballistic protection market?
Q.11 What M&A activity has occurred in the last 5 years?
Read the full report: http://www.reportlinker.com/p04804604/Growth-Opportunities-in-the-Global-Ballistic-Protection-Market.html

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

http://www.reportlinker.com


_________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/growth-opportunities-in-the-global-ballistic-protection-market-300433712.html

SOURCE Reportlinker