CHICAGO, Sept. 8, 2022 /PRNewswire/ — Ballistic protection market is projected to grow from USD 13.4 billion in 2022 to USD 16.9 billion by 2027, at a CAGR of 4.7% from 2022 to 2027, according to a new report by MarketsandMarkets™. Rising political unrest in emerging economies is one of the major driving factor for the demand of the ballistic protection market.
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Browse in-depth TOC on “Ballistic Protection Market”
253 – Tables
45 – Figures
231 – Pages
By threat level, IV and above segment is expected to lead the market during the forecast period
On the basis of threat level, the ballistic protection market has been segmented into II and IIA, III and IIIA and IV and above. A level IV hard plate is designed to defeat armor-piercing projectiles. It is tested with a single impact of test calibers specified in the NIJ standard, which represent common threats to the law enforcement and security community, especially in the US. Other countries may have different threat levels to defeat. Level IV ballistic armors are designed to offer protection against large, high-velocity bullets. These armors can stop rounds fired by rifles and submachine guns and are mostly used by tactical police teams and the military.
By application, homeland security segment is expected to grow at highest CAGR during the forecast period
During the forecast period, the homeland security segment is projected…
