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(Transportation-News.com, January 07, 2017 ) 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.
Technavios 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.
Key vendors
BAE Systems
3M
DuoPont
Honeywell International Corp.
Royal TenCate Corporation EMEA
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Other prominent vendors
ArmorWorks Enterprises
Ceradyne
Eagle Industries
Morgan Advanced Materials
Point Blank Enterprises
Survitec Group
Market driver
Rise in asymmetric warfare
For a full, detailed list, view our report
Market challenge
Heavy weight of protection equipment
For a full, detailed list, view our report
Market trend
Adoption of soft body armor
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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