Ballistic protection Products from India: Ken Research

1
Long Government Tender Process and Corruption in
the System Leads to Growing Export Volume of
Ballistic protection Products from India Ken
Research
2
Growing military strength and amplifying defence
budget should drive the ballistic protection
industry in the country with the bulk requirement
of bulletproof vest, boots and helmets but
current tender process is delaying the
procurement.
3
The report titled India Ballistic Protection
Market Outlook to 2021 - Rising Defence
Expenditure and Growing Exports to Shape the
Future provides detailed overview on the
ballistic protection market in India and helps
readers to identify the ongoing trends in the
industry and anticipated growth in future
depending upon changing industry dynamics in
coming years. The report is useful for ballistic
protection equipment manufacturers, industry
consultants other stakeholders to align their
market centric strategies according to ongoing
and expected trends in the future. The need for
ballistic protection has been growing in India
with the rise in threat of domestic and
cross-border terrorism. Apart from terrorism,
local extremist outfits such as Indian
Mujahideen, Bodo militants, Maoist-Naxalite
insurgency in several of its states has led to
the deployment of military and paramilitary
forces in these regions. As the casualties and
fatalities from stray explosives and firings rise
in these regions, the need for protective armour
by the general public in these regions has been
growing.
4
Moreover, there is a constant demand from the
armed forces in India, since the countrys
borders are shared with China and Pakistan. The
market size in for ballistic protection
equipments in India has posted a CAGR of 5.4
over the period FY2011-FY2016. In FY2016,
the largest share in the personal ballistic
protection market in India was countered by
bullet proof vests. This considerable share has
been witnessed owing to the fact that vests are
the most commonly used form of protection gear.
Ballistic boots has contributed the second
largest share in the overall market revenues in
FY2016. These boots are largely used by the
military forces. Ballistic boots have been
followed by ballistic helmets, which have
captured the third largest revenue share in the
ballistic protection market during
FY2016. Indias personal ballistic protection
market showcases promising prospects in the
future as the market is estimated to grow at a
CAGR of 12.5 over the period of FY2017-FY2021
in terms of sales volume in units
5
The government has sanctioned the order of to
provide 1.8 lacs bulletproof jackets by the end
of 2017. This has been projected to provide a
considerable boost over the period FY2016-2021.
Border tension between India and Pakistan and
India and China is also increasing which will
further raise the demand for other ballistic
protection equipments such as ballistic helmets,
boots, blankets and others over the period
FY2017-FY2018. Further support to the market
will be provided by fresh FDI inflows into the
market and the growing demand of the ballistic
protection products from the Indian
government. Key Product Mentioned in the
Report Bulletproof Vest/Jackets, Ballistic
Helmets, Ballistic Boots, Demining Suits, Bomb
Suits, Ballistic/Bomb Blankets, Bulletproof
Glass, Armored Vehicles Companies Covered in the
Report MKU, Indian Armor, TATA Advanced Material,
Starwire, Shri Lakshmi Defence Ltd
6
For more information about the publication, refer
to below link https//www.kenresearch.com/defense
-and-security/weapon/india-ballistic-protection-ma
rket/54087-16.html ContactKen Research Ankur
Gupta, Head Marketing Communicationsquery_at_kenre
search.com91-124-4230204
7
(No Transcript)
8
(No Transcript)