India Ballistic Protection Market Outlook To 2021: Ken Research

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India Ballistic Protection Market Outlook To
2021 Ken Research
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• How Is the India Ballistic Protection Market
  Positioned?
• Ballistic protection market comprises of defence
  equipments which are used by people to protect
  themselves against the projectiles that may be
  launched from a firearm or an explosive device.
  The most commonly used forms of ballistic
  protection are bullet proof vest and bullet proof
  vehicles. Bullet proof vests can be made strong
  enough to withstand attacks from handguns,
  sub-machine guns as well as modern assault
  rifles. 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.

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• As the casualties and fatalities from stray
  explosives and firings rise in these regions, the
  need for protective armor by the general public
  has been growing.
• Moreover, there is a constant demand from the
  armed forces in India, since the countrys
  borders are shared with China and Pakistan. The
  market for personal protective garments in India
  has flourished in the past five years, owing to
  the extension in demand. This was supported with
  a surge in supply, owing to the presence of
  global as well as domestic players in the market.
• India personal ballistic protection market size
  in terms of revenues in India was recorded at INR
  million in FY2011. The revenues have increased
  to INR million in FY2016, at a CAGR of
  during the period. In terms of volume the market
  has been evaluated at in FY2016.
• The market is expected to grow in the future as
  the demand for these products is set to increase
  under a host of new measures that have been taken
  under the new administration in India.

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• How Each Segment Contributes in Overall Ballistic
  Protection Market?
• The personal protective equipments are available
  in the form of vests, jackets, helmets, boots,
  shoes and shoulder pads among others.
• In FY2016, the largest share in the personal
  ballistic protection market in India was
  countered by bullet proof vests which accounted
  for of the overall market revenues.
• Ballistic boots has contributed the second
  largest share of in the overall market
  revenues.
• ballistic blankets, though being used in very
  small quantities and by a handful of users, has
  dominated as the fourth largest segment, with a
  share of during FY2016. Bomb Squad Outfits
  have gathered a revenue share of in the
  ballistic protection market during FY2016.
• These suits have multiple layers of clothing and
  protection as the users have to try and defuse an
  explosive device from close range. Demining suits
  has accounted for revenues share during
  FY2016.
• India Personal Ballistic Protection market has
  been segmented on the basis of procurement of
  demand from domestic and imported. In the recent
  years, the domestic industry has showcased a
  growth momentum.

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• With several small time players entering into the
  industry, and Faridabad area in Haryana becoming
  the manufacturing hub for such products, the
  domestic procurement can be expected to
  contribute a larger share to the market. This is
  likely to enhance the share of domestically
  manufactured products by a substantial amount as
  compared to the level during FY2016.
• Which Segments have Driven the size of The India
  Ballistic Protection Market industry?
• India Ballistic Vests/Jackets MarketThe market
  for bulletproof vests in largely export oriented
  as of FY2016. Exports accounted for a share of
  in the volume sales of ballistic vests/jackets
  market in India during FY2016.
• India Ballistic Vests/Jackets Market has grown at
  a steady CAGR of in terms of sales volume
  during the period FY2011-FY2016. Over the
  period FY2012-FY2016 the market for bulletproof
  vests has generated significant demand from
  different units of the Indian Army as well as
  police forces of J K, Assam, Manipur Nagaland
  and several other Indian states. In the year
  FY2016, the total market value of the bullet
  proof vests had reached a total of INR million.

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• India Ballistic Boots Market
• Ballistic boots have been produced with the major
  focus towards preventing damage from bullets and
  other shrapnel to the legs and feet of users.
  Generally, the use of such boots is not very
  common due to the unlikelihood of a user getting
  assaulted with the focus at the feet.
• These boots are generally made with the help of
  aromatic polyamide fabrics such as Kevlar and
  Twaron.
• These fabrics are added in multiple layers to the
  basic design of a boot which will help increase
  the strength of boots and protect against the
  damage from a bullet. These boots are treated
  with chemicals to make them impervious to water
  which is instrumental in their use in higher
  altitudes by the armed forces.
• The companies indulged into the manufacturing of
  Ballistic Boots are namely MKU, Star Wire, India
  Armor Systems and several others. These companies
  account for a substantial proportion in the
  overall market, while the rest is captured by
  global players. The future of this industry is
  highly dependent upon the military strength,
  since the growth in military is likely to propel
  the demand for ballistic boots as well.

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• India Ballistic Blankets Market
• Similar to ballistic vests and helmets, the
  market for ballistic blanket in India has been
  dominated by exports during FY2016. Exports have
  captured a share of in the total sales of
  ballistic blanket market during FY2016.
• India Demining Suits Market
• Demining Suits in India are primarily used by the
  armed forces that are tasked with the detection
  and disposing of mines.
• The suits are sometimes considered equivalent to
  bomb suits but the specifications and the
  functions of the suits are much different.
• Globally, the world is moving towards banning
  landmines as they harm the civilians of a nation
  long after the war is over during which the
  landmines were planted by the invading country.
  Moves by different countries on this agenda have
  helped reduce the fatalities resulting from
  landmine explosions.
• Furthermore, modern-age equipment such as
  demining robots have been developed that help
  reduce the number of injuries and drastically
  reduce the risk to human lives due to landmines

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• Due to this the revenue of demining suits have
  declined from INR million in FY2011 to INR
  million in FY2016. In terms of volume, units
  of demining suits have been sold in India during
  FY2016.
• Although, the sales volume of demining suits is
  relatively lower in India, but they are
  nevertheless important for the defence sector of
  the country. A demining suit weighs around kg
  and provides different level of protection to
  different parts of the body.
• India Bomb Suits Market
• A bomb suit, which is also known as explosive
  ordinance disposal suit, has its end users in
  defence personnel. These suits are largely used
  by the bomb diffusers or by the people who
  attempts to dispose a bomb.
• The bomb suits are generally made with high
  strength aromatic polyamide polymer fabrics such
  as Kevlar. The suits have extra padding in their
  built to protect against the massive impact of
  blasts.
• The market size for Bomb Suits in India has
  consistently grown during the period
  FY2011-FY2015, before witnessing a considerable
  dip in FY2016.

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• The demand for bomb suits from civil population
  is almost negligible, since a large proportion of
  demand is emerged through bomb squads and the
  military forces that indulge in the diffusion of
  explosive devices.
• The revenues of Bomb suits market in India were
  posted at INR million during FY2011, which
  reduced to INR million in FY2016. In terms of
  sales, number of bomb suits was consumed in
  FY2016.
• The revenues of the bomb squad outfit market
  declined by a significant rate of in FY2016.
  This decline has been attributed to lack of bomb
  threats and explosions in the country over the
  past few years.
• India Ballistic Helmet MarketIndia ballistic
  helmet market is highly export driven with export
  accounting for share in the total sales during
  FY2016. Indian ballistic helmet vendors export
  to forces in over countries. British, German,
  Spanish and French armies and police forces from
  Japan to the US are some of the clients
  manufacturers of ballistic helmets in India are
  catering to as of FY2016.

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• The market of ballistic helmets in India has been
  constantly growing year on year. In FY2011, the
  market was valued at INR million which has
  enhanced to INR million in FY2016 at a CAGR of
  . The market was buoyed by high demand for
  ballistic protection products from the Indian
  government for its military forces. This has been
  attributed as the leading factor behind the surge
  in revenues over the years FY2011-FY2016.
• India Armored Vehicle MarketVehicle Protection
  is considered as the armoring of vehicles, which
  makes the vehicle impervious to bullets fired
  towards them. The users are safer inside an
  armored vehicle than wearing just a bulletproof
  vest and other clothing.
• The armored vehicles are used for a number of
  purposes and are primarily divided into two broad
  categories armored fighting vehicles and
  armored civilian vehicles.
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• The armored fighting vehicles are used by the
  military forces of a nation. These vehicles do
  not include armored tanks but generic armored
  fighting vehicles such as the C8 fighting vehicle
  developed by Concord Safety Solutions.

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The market for armored fighting vehicles has been
registered at units. The average price for an
armored military vehicle is INR lakh as of
FY2016. On the other hand, civilian vehicles
have been upgraded into armor protected vehicles
during FY2016. Average cost of modifying a
civilian vehicle into armor protected vehicle is
INR lakh as of FY2016. India Bulletproof
Glass Market Bulletproof Glass market has grown
at a gradual pace over the period
FY2011-FY2016. Bulletproof glass is primarily
used in armored vehicles in order to protect
HNWIs and military personnel. Furthermore,
bullet-proof glass is also used to protect
employees and objects of great value in banks,
government buildings, convenience stores, liquor
stores, jeweler stores, post offices, churches
and schools. Bullet-proof glass used in India is
majorly of two types, laminated glass and
polycarbonate thermoplastic. The laminated glass
is a heavy and thick type of glass which usually
4 inches thick, but can be made up to 8 inches
thick. On the other hand, the polycarbonate
thermoplastic is layered between sheets of glass
so that the force from bullets or an object will
repel.
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Average price of bulletproof glass in India is
INR per square feet as of FY2016. Inclining
sales of armored vehicles and growing military
strength of the country have earmarked the sales
volume for bulletproof at square feet in
FY2016. The market has also been supported by
growing number of banks and HNWIs in the country
over the period FY2011-FY2016. Supported by
this, the revenues for the market have been
registered at INR million in FY2016 How The
Competition Is Structured in India Ballistic
Protection market? The market for ballistic
equipments in India has several players which
have established themselves into the Indian
geography. Some of the major players operating in
this industry are namely Star Wire, MKU, India
Armor Systems, Tata Advanced Materials, Sri
Lakshmi Defence and others. MKU, Tata Advanced
Materials and Indian Armor are the leading
players in the industry as of FY2016. MKU has
one of the largest production capacities in the
ballistic protection market of the country. As of
FY2016, MKU can produce ballistic helmets,
ballistic jackets, amour inserts and amour
kits per year. On the other hand, TATA Advanced
Materials posted revenue of INR crores in
FY2015 which amplified from INR crores in
FY2014.
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What are the Future Prospectes for India
Ballistic Protection market? Indias personal
ballistic protection market showcases promising
prospects in the future as the market is
estimated to grow at a CAGR of over the period
of FY2017-FY2021 in terms of sales volume in
units. Indian army has a requirement for
ballistic jackets. The government has sanctioned
the order of to provide bulletproof jackets by
the end of 2017. More jackets will be supplied
over the course of 2018-2020. This has been
projected to provide a considerable boost over
the period FY2016-2021. Tension between India
and Pakistan 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. The market is expected to reach
units in FY2021. 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.
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• Companies Cited in the Report
• List of Companies
  Companies Covered in the Report
  
• 
  Major Players
  
• MKU
• Indian Armour
• TATA Advanced Materials
• Starwire
• Shri Lakshmi Defence Ltd
• Jeet and Jeet Glass and Chemicals
• Key Factors Considered in the Report
• Comprehensive analysis of the India ballistic
  Protection market and its segments
• Listed major players and their competitive
  landscape
• Identified major industry developments in last
  few years and assessed the future growth of the
  industry
• Future Outlook and Projections

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