Ballistic Protection Market Growing at the Fastest Rate in APAC and North America Region

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Ballistic Protection Market Growing at
the Fastest Rate in APAC and North America
Region The Global Ballistic Protection Market
size is projected to grow from USD 12.6 billion
in 2020 to USD 17.2 billion by 2025, at a CAGR of
6.4. Increasing geopolitical tension is emerging
economies, and massive spending on defense owing
to internal conflicts tensions in developing
countries, such as Brazil, India, and Russia are
expected to drive the ballistic protection
industry growth. Key Market Players A few of the
major players in the global ballistic protection
market include BAE Systems (UK), 3M (US),
Rheinmetall AG (Germany),
bv Blank Craig
Koninklijke (Netherlands), Enterprises,
International
Ten Cate
Point Inc (US),
Ballistics Pty Ltd.
(Australia), MKU Limited (India), Elmon
(Greece), FMS Enterprises Migun Ltd (Israel),
Permali (UK), Revision Military (US), Saab
AB(Sweden), and Survitec Group
Limited(UK). Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id30112278 By platform, the airborne
segment is expected to be the largest contributor
to the ballistic protection market during the
forecast period. By platform, the airborne
segment is projected to grow at a higher CAGR
during the forecast period. It includes
fixed-wing aircraft helicopters and unmanned
aerial vehicles (UAV). There is an increasing
demand for aircraft across various aviation
platforms for military purposes. This demand is
attributed to the rising military expenditure of
multiple countries, such as China, Japan, South
Korea, and the US. The UAV segment is expected to
witness the highest CAGR for the forecast period,
2020-2025. The growth of the airborne segment is
attributed mainly because of the changes in the
dynamics of war, leading to the introduction of
UAVs on the battlefield. By application, homeland
security segment is expected to grow at highest
CAGR during the forecast period The homeland
security segment is projected to grow at a higher
rate than the military segment during the
forecast period. Ballistic-resistant body
armor is worn by
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homeland security officers while in the field to
protect against specific ballistic threats.
Homeland security officers use personal
protective equipment, including body vests,
ballistic helmets, and gloves, to ensure safety
during any mission. Ballistic helmets are
intended to protect the wearer against small arms
fire and fragmentation threats. The combat
systems used by homeland security officers are
ballistic resistant as ceramics and
thermoplastics reinforce them. Asia Pacific is
projected to grow at the highest CAGR during the
forecast period. The ballistic protection market
in Asia Pacific is anticipated to grow at the
highest CAGR from 2020 to 2025. Asia Pacific is
an emerging market for ballistic protection
systems, owing to the economic growth of
countries in this region and increased defense
spending in countries such as India, China,
Japan, South Korea, and Australia. The
governments of these countries and local
industries are also signing up with the
contractors and supporting them through the
procurement process by providing necessary
financial and infrastructure aids. The increase
in the number of insurgent groups entering the
territories and using deadly explosives such as
IEDs and bombs has further raised the need for
ballistic protection systems. Ask for Sample
Report _at_ https//www.marketsandmarkets.com/request
sampleNew.asp?id30112278
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