{"product_id":"ballistic-protection-market-by-material-metals-alloys-ceramics-composites-bulletproof-glass-fabric-product-technology-threat-level-level-ii-iia-level-iii-iiia-level-iv-above-platform-application-and-region-global-forecast-to-2027","title":"Ballistic Protection Market by Material (Metals \u0026 Alloys, Ceramics, Composites, Bulletproof Glass, Fabric), Product, Technology, Threat Level (Level II \u0026 IIA, Level III \u0026 IIIA, Level IV \u0026 Above), Platform, Application and Region - Global Forecast to 2027","description":"\u003cp\u003eBallistic Protection Market by Material (Metals \u0026amp; Alloys, Ceramics, Composites, Bulletproof Glass, Fabric), Product, Technology, Threat Level (Level II \u0026amp; IIA, Level III \u0026amp; IIIA, Level IV \u0026amp; Above), Platform, Application and Region - Global Forecast to 2027\u003c\/p\u003e\n\n\u003cp\u003eThe 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. The market is driven by the need for upgrades in the battlefield scenarios. However, the market's growth is limited by the stringent standards for ballistic protection products.\u003c\/p\u003e\n\n\u003cp\u003eIn 2020, the global military expenditure was worth USD 1,981 billion, the highest level since 1988 as per SIPRI. The global military expenditure in 2020 was 2.6% higher in real terms than in 2019 and 9.3% higher than in 2011. This increase was largely due to the fact that most countries in the world experienced severe economic downturns in 2020 due to the COVID-19 pandemic, while military expenditure continued to rise due to growing tension and disputes on several international borders around the world.\u003c\/p\u003e \n\n\u003cp\u003eBy speed, high speed segment is expected to grow at highest CAGR\u003c\/p\u003e\n\n\u003cp\u003eUnmanned vehicles that are manufactured for use as targets and can operate beyond a speed of 250 m\/s fall under the category of high-speed target drones. This segment accounted for a 46.5% share of the target drones market in 2022. With the growing emphasis on replicating realistic threats in military training, high-speed target drones are expected to witness prominent demand during the forecast period. However, due to limited defense budget allocation in some emerging economies, these drones are not always feasible. The US, Russia, and China procure high-speed target drones. QinetiQ Group PLC (UK), Northrop Grumman (US), Kratos Defense and Security Solutions (US), and Boeing (US) are key manufacturers of high-speed target drones.\u003c\/p\u003e \n\n\u003cp\u003eBy payload capacity, medium (20 kg to 40 kg) segment is expected to lead the market in terms of value\u003c\/p\u003e\n\n\u003cp\u003eOn the basis of payload capacity, the target drones market has been segmented into high (\u0026gt;40 kg), medium (20 kg to 40 kg), and low (\u0026lt;20 kg). The use of target drones in applications such as target \u0026amp; decoy, reconnaissance, and combat training requires additional components to make them more effective in operations. These target drones are equipped with passive \u0026amp; active radar augmentation, electronic payloads, GPS navigation, and several types of cameras. With the increasing efforts to make military training more realistic, these payloads are used to help drones perform functions in the above-mentioned applications. QinetiQ is one such major company involved in the production of target drones capable of carrying medium payloads.\u003c\/p\u003e\n\n\u003cp\u003eAsia-Pacific held largest market share in terms of value\u003c\/p\u003e\n\n\u003cp\u003eAsia-Pacific is estimated to account for 33.2% of the ta market in 2022. The market in North America is projected to grow from USD 4,467 million in 2022 to USD 5,935 million by 2027, at a CAGR of 5.8% from 2022 to 2027.\u003c\/p\u003e\n\n\u003cp\u003eBreak-up of profiles of primary participants in this report:\u003c\/p\u003e \n\n\u003cp\u003eBy Company Type: Tier 1 – 35%, Tier 2 – 45% and Tier 3 – 20%\u003c\/p\u003e \n\n\u003cp\u003eBy Designation: C level – 35%, Director level – 25%, Others – 40%\u003c\/p\u003e \n\n\u003cp\u003eBy Region: North America - 45%, Europe – 25%, Asia Pacific – 15%, Middle East– 5%,Africa – 5%, Latin America – 5%\u003c\/p\u003e\n\n\u003cp\u003eThe major players include BAE Systems (UK), Avon Protection (US), Rheinmetall AG (US), Tencate Advanced Armor (Netherlands), Point Blank Enterprises (US) and SAAB AB (Sweden).\u003c\/p\u003e\n\n\u003cp\u003eResearch Coverage\u003c\/p\u003e\n\n\u003cp\u003eThe scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the ground support equipment market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; contracts, joint ventures, partnerships \u0026amp; agreements, acquisitions, and new product launches associated with the ground support equipment market. Competitive analysis of upcoming startups in the target drones market ecosystem is covered in this report.\u003c\/p\u003e\n\n\u003cp\u003eReasons to Buy This Report:\u003c\/p\u003e\n\n\u003cp\u003eFrom an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), market ranking analysis of top players, value chain analysis, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the target drones market, high-growth regions, and market drivers, restraints, and opportunities.\u003c\/p\u003e\n\n\u003cp\u003eThe report provides insights on the following pointers:\u003c\/p\u003e\n\n\u003cp\u003eMarket Penetration: Comprehensive information on ballistic protection productoffered by top market players\u003c\/p\u003e \n\n\u003cp\u003eMarket Sizing: The estimated size of the market in 2022 and its projection to 2027\u003c\/p\u003e\n\n\u003cp\u003eProduct Development\/Innovation: Detailed insights on upcoming technologies, research \u0026amp; development activities, and new product launches in the ballistic protection market\u003c\/p\u003e\n\n\u003cp\u003eMarket Overview: Market dynamics and subsequent analysis of associated trends as well as drivers, opportunities, and challenges prevailing in the ballistic protection market\u003c\/p\u003e\n\n\u003cp\u003eMarket Development: Comprehensive information about lucrative markets – the report analyzes the markets for ballistic protectionacross regions\u003c\/p\u003e\n\n\u003cp\u003eMarket Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the ballistic protection market\u003c\/p\u003e\n\n\u003cp\u003eRegional Analysis: Factors influencing the growth of the ballistic protection market in North America, Europe, Asia-Pacific, Middle-East, Latin America and Africa.\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the ballistic protection market.\u003c\/p\u003e","brand":"Public Sector","offers":[{"title":"September, 2022 \/ 224 Pages \/ MCW16266978","offer_id":47700367507762,"sku":null,"price":5940.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/ballistic-protection-market-by-material-metals-alloys-ceramics-composites-bulletproof-glass-fabric-product-technology-threat-level-level-ii-iia-level-iii-iiia-level-iv-above-platform-application-and-region-global-forecast-to-2027","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}