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(Transportation-News.com, August 19, 2016 ) Technavio Announces the Publication of its Research Report – Global Ballistic Protection Market 2016-2020
Technavio recognizes the following companies as the key players in the global ballistic protection market: 3M, BAE Systems, DuPont, Honeywell International, and Royal TenCate.
Other Prominent Vendors in the market are: ArmorWorks Enterprises, Ceradyne, Eagle Industries, Morgan Advanced Materials, Point Blank Enterprises, and Survitec.
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Commenting on the report, an analyst from Technavio’s team said: “Adoption of soft body armor will be a key trend for market growth. Soft body armor is ballistic protection armor, such as bulletproof vests, designed to protect army personnel and special police task forces. Initially, materials such steel, iron, fiberglass, and ballistic nylon were used to manufacture them. However, to address the growing concerns about reduced mobility and flexibility, manufacturers now use materials such as ceramic, titanium, aluminum, and aramid fibers.”
According to the report, growing security threats in nations will be a key driver for market growth. The homeland security and law enforcement departments ensure the safety and security of a country from internal or domestic terrorism, prevent terrorist attacks and organized crimes, and minimize the damage from attacks and other hazards. Homeland security and law enforcement personnel also face life-threatening situations in the event of unexpected riots, terrorist attacks, and organized crime occurs. It has been noted that almost 95% of injuries are the result of falling or flying glass, mortar shrapnel, and explosive fragments.
Further, the report states that technical constraints will be a challenge against market growth. There is a lack of comprehensive understanding of the basic processing-properties-performance relationship of the materials involved in the manufacture of ballistic protection materials. This has been a major challenge to the development of new protection materials, not just through conventional and advanced processes, but also deciding on the materials to be used for soft armor and hard armor.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Ballistic Protection
Most of major defense spenders such as the US, UK, Germany, China, Russia, India are directing their investments on armed personnel protection. The armed personal protection refers to the ballistic protection given to the armed forces, homeland security and law enforcement officers, private security officials, and their vehicles from projectiles such as bullets, explosive materials, falling glass materials, mortar shrapnel, and mines. Growing violence and an increase in the number of terrorist threats and attacks are major factors that have elevated the demand for ballistic protection equipment.
Technavio’s analysts forecast the global ballistic protection market to grow at a CAGR of 5.15% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global ballistic protection market for 2016-2020. The report provides a comprehensive overview of the market, market shares and growth opportunities by application (defense, homeland security, and commercial), and growth prospects by region (the Americas, EMEA, and APAC).
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Ballistic Protection Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
info@marketreportscenter.com
Market Reports Center
Sam Collins
1-646-883-3044
sam@marketreportscenter.com
Source: EmailWire.Com 
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