According to the research report titled ‘Ballistic Protection Materials & Equipment Market Size By Material (Aramid, Carbon Fiber Composites, Glass Fiber & Thermoplastic, Ceramic), By Application (Defense, Homeland Security & Law Enforcement, Commercial), By Equipment (Helmet, Protective Vests & Jackets, Shields & Panels), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with MarketStudyReport, ballistic protection materials & equipment market is anticipated to exceed a valuation of USD 2.4 billion by the year 2025.

Report findings suggest that global ballistic protection materials and equipment market is being driven by an increase in terrorism and Naxalite movements around the world.

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The trend of governments offering ballistic protection to citizens and security forces to tackle the rising terrorism is likely to continue, which is expected to boost the industry outlook over the forecast period.

However, regulations, against the emission of volatile organic compounds (VOCs) across various industries, imposed by various international and national regulatory bodies may stifle the marketplace during 2019-2025.

Based on material, aramid segment is expected to record 5.5% CAGR during 2019-2025, owing to presence of features such as high strength and low flammability.

In terms of application ambit, the defence and homeland security & law enforcement segments are combinedly anticipated to progress at a rate of 5% by 2025.

On the basis of equipment terrain, the protective vests segment held significant share in the recent past, because of increasing demand from homeland security and defence and law enforcement applications.

Regionally, North America ballistic protection materials & equipment industry was worth USD 600 million in 2018 and is expected to increase at a CAGR of close to 4.5% over the forecast period.

Waco Composites I Ltd., Toyobo Co., Ltd., ProTech Solutions, Inc., Evolution Armor, Magellan Systems International LLC, Armor Holdings, Inc., Rabintex Industries Ltd., Protective Enterprises LLC, Homeland Security Group LLC, Koninklijke DSM N.V, Texas Armoring Corporation, ArmorSource LLC, Honeywell International, Inc., DuPont de Nemours, Inc., and Teijin Limited.