Ballistic Protection Materials & Equipment Market to accrue sizable proceeds by 2025
Category: #business  By Rahul Sankrityayan  Date: 2020-02-14
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Ballistic Protection Materials & Equipment Market to accrue sizable proceeds by 2025

The competitive landscape of the global ballistic protection materials & equipment market space is characterized by the presence of distinguished contenders such as Waco Composites, Toyobo, Protech Solutions, Inc., Evolution Armor, Armor Holdings, Protective Enterprises LLC, Homeland Security Group Intl, Texas Armoring Corp, DSM, Honeywell International Inc, DuPont, and Teijin Limited. These market majors primarily count on growth strategies such as geographical expansion, capacity enhancement, collaboration, portfolio augmentation, innovation, and mergers & acquisitions to expand their global reach and customer base.

The revolutionary design of LJD Aire lessens the weight of conventional helmets by over 40 percent while exceeding the ballistic protection properties of other similar helmets. It offers extremely superior protection against a plethora of small fragments in addition to handgun bullets. Besides, it is very comfortable to wear due to its flexible and light weight pad system design.

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The global ballistic protection materials & equipment market is slated to amass hefty returns in the ensuing years, on account of increasing terrorism, rising security concerns, and product design enhancements. The modern battlefield has become a complex theatre of threats, forcing nations to equip their armed forces with latest and finest instruments, thus enlarging the defense budget.

For instance, South Korea recently made significant increment in its defense spending and unveiled plans to construct three additional 7,600-ton destroyers fortified with American-made Aegis combat systems & latest ballistic missile interceptors, in a bid to handle maritime disputes more efficiently.

Militaries around the world are rethinking the requirements to meet the needs of future forces. Ballistic protection materials & equipment are extremely pivotal for protection against a diverse range of ammunitions such as high velocity bullet, rifle bullet, knife, explosive fragments, etc. The raw materials used in their production mainly include carbon fibers, glass fibers, aramid fibers, etc. Lately, Pro-gard has launched ballistic door panels which provide armed personnel added protection from open fire while inside their vehicles.

Moreover, these weatherproof panels can be deployed on both driver and passenger side doors and are extremely easy to install without any vehicle modification. As potential enemies expand their combat inventories in the coming years, the emergence of ground-breaking defensive technology is likely to be witnessed, capable of automatically detecting and neutralizing incoming threats before they attack the designated target.

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The competitive landscape of the global ballistic protection materials & equipment market space is characterized by the presence of distinguished contenders such as Waco Composites, Toyobo, Protech Solutions, Inc., Evolution Armor, Armor Holdings, Protective Enterprises LLC, Homeland Security Group Intl, Texas Armoring Corp, DSM, Honeywell International Inc, DuPont, and Teijin Limited. These market majors primarily count on growth strategies such as geographical expansion, capacity enhancement, collaboration, portfolio augmentation, innovation, and mergers & acquisitions to expand their global reach and customer base.

Citing an instance for the same, last year, Texas Armoring Corp. made an announcement that it is setting up a new 40,000-square-foot facility in Honduras, which will allow the organization to more than double its production and allow it to better serve corporate, government, and non-government clients.

Powered by the need to bolster the war capabilities of defense forces, the products available in the ballistic protection materials and equipment market have instituted major changes in terms of weight, design, utility, and comfort. Lately, manufacturers in this business space are capitalizing on their R&D finesse to develop innovative and pioneering products, which can offer them an edge over the competition as well as fetch more revenues.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan    

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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