Rising Defence Expenditure and Growing Exports to Shape the Future for Bulletproof vest manufacturers in India: Ken Research - PowerPoint PPT Presentation

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Rising Defence Expenditure and Growing Exports to Shape the Future for Bulletproof vest manufacturers in India: Ken Research

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Title: Rising Defence Expenditure and Growing Exports to Shape the Future for Bulletproof vest manufacturers in India: Ken Research


1
Rising Defence Expenditure and Growing Exports to
Shape the Future for Bulletproof vest
manufacturers in India Ken Research
2
  • Growth of ballistic protection market is
    anticipated to be led by growing military
    strength of the country, expanding defence
    budgets and inclining global demand for
    domestically manufactured bulletproof vests and
    other ballistic equipments.
  • Bulletproof Vests/Jackets had dominated the
    market in the country over the years in terms of
    both value and volume.
  • The leading players in ballistic protection
    industry are MKU, Indian Armor, TATA Advanced
    Materials, Starwire and Shri Lakshmi Defence Ltd.

3
  • Ken Research announced its latest publication on
    India Ballistic Protection Market Outlook to
    2021 - Rising Defence Expenditure and Growing
    Exports to Shape the Future The report covers
    various aspects such as overall size of the
    ballistic protection market in terms of value and
    volume, segmentation on the basis of types of
    products, domestic sales and exports and others.
    The report also covers future outlook and
    projections of the industry. Additionally, the
    report offers prevalent trends, developments and
    challenges in industry and SWOT analysis of the
    current market. The report also covers the
    competitive landscape of the industry and
    comprehensive profile of leading players
    operating in the market. The report also serves
    as a benchmark for existing players and every new
    player who wish to capitalize the market
    potential and investors who are looking forward
    to venture into the ballistic protection market
    in India.
  • Personal ballistic protection equipment includes
    reinforced clothing for a user to wear and
    protect him from bullets or other shrapnel that
    may cause harm to the individual. The most
    commonly used personal ballistic equipment is
    bullet proof vest/ jacket.

4
  • They are primarily used to protect the major part
    of the torso of the wearer, since it is the
    region of the body that offers the maximum target
    area for an assailant. Ballistic boots and shoes
    are also extensively used as they protect the
    feet from injuries and also help to maintain the
    temperature of the feet which is critical in high
    altitudes for the wearer. Bomb suits or demining
    suits, on the other hand are used by special
    cells of the armed forces or police forces. The
    market for these products is relatively smaller,
    since these equipments are used for special
    purposes. The current tender process to procure
    such equipments in India is very complex and
    long. Since individual states manage their own
    defence decisions and the state government rarely
    mentions their requirement until they finally
    come out with a tender, the tender process takes
    a long process and breaks to complete the final
    procurement and fund disbursal. Hence many
    domestic companies focus on exporting the
    products to other countries.
  • 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.

5
The risk of personal safety for VIPs and HNWIs
has also led to a rise in the demand for these
products, primarily bullet proof vests, which has
been instrumental in helping this increase in
demand. Increasing demand of ballistic
protection in the country had increased its
production in the country. The leading and the
emerging companies should focus on the
international market as huge demand for Indian
ballistic products, especially vests is arising
from foreign military and police forces. Large
number of Indian companies are already supplying
to significant number of clients all over the
world. Entities such as British Armed Forces, US
Department of Defense, United States Agency for
International Development (USAID), United Nations
Development Program (UNDP), Ghana Armed Force,
Royal Thai Army and Royal Thai Navy, Japan
Maritime self-defense forces and Nepalese army
buy bulletproof jackets/vests in large quantities
from Indian manufacturers. according to the
Research Analyst, Ken Research.
6
  • Key Topics Covered in the Report
  • India Ballistic Protection Market Introduction
    and Size by value and volume
  • India Ballistic Protection Market Segmentation
    (By types of products and import and domestic
    production)
  • India Ballistic Vest/Jacket Protection Market
    size by value and volume
  • India Ballistic Vest/Jacket Protection Market
    Segmentation (By domestic sales and exports)
  • India Ballistic Boots Market size by value and
    volume
  • India Ballistic Blankets Market size by value and
    volume
  • India Ballistic Blankets Market Segmentation (By
    domestic sales and exports)
  • India Demining Suits Market size by value and
    volume
  • India Bomb Suits Market size by value and volume
  • India Ballistic Helmet Market size by value and
    volume
  • India Ballistic Helmet Market Segmentation (By
    domestic sales and exports)
  • Company Profile of Leading Players in India
    Ballistic Protection Market
  • SWOT analysis of India Ballistic Protection
    Market
  • India Ballistic Protection Market Future Outlook
    and Projections

7
  • 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

8
For more information about the publication, refer
to below link https//www.kenresearch.com/defens
e-and-security/weapon/india-ballistic-protection-m
arket/54087-16.html Related Reports https//www.
kenresearch.com/defense-and-security/security-devi
ces/india-electronic-security-market-2020/30045-16
.html Contact Us Ken Research Ankur Gupta,
Head Marketing Communications Ankur_at_kenresearch.
com 91-9015378249
9
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