Ballistic Protection Market worth $16.9 billion by 2027 - Exclusive Report by MarketsandMarkets™
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Thursday, September 8, 2022
Knowledge, II, Safety, SME, Row, Research, Commercial, IV, Rheinmetall, USD, Contract, HP Information Management Software, Ceramic, Improvised explosive device, NIJ, Intelligence, Simulation, Vessel monitoring system, Effluent decontamination system, Bomb, IIA, GEM, CAGR, BAE Systems, Defense, III, SAAB, Homeland security, Detection, Marketing
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.
Key Points:
- 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.
- On the basis of threat level, the ballistic protection market has been segmented into II and IIA, III and IIIA and IV and above.
- Key players in the ballistic protection market include BAE Systems (UK), Avon Protection (US), Rheinmetall AG (US), Tencate Advanced Armor (Netherlands), Point Blank Enterprises (US) and SAAB AB (Sweden).