Intuition: In-depth analysis of COVID-19 impact on Ballistic Protection Market
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Research Dive recently has published
a report titled “Ballistic Protection
Market, by Platform (Airborne, Land, Marine), Material (Metals and Alloys,
Fabric, Ceramics, Composites, Bulletproof Glass), Regional Analysis (North
America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry
Forecast, 2019-2027”
According
to the report, the global ballistic protection market is anticipated to garner a revenue
of $20500 million at a CAGR of 6.50% during the forecast period.
Regional
Analysis
North America is currently the
largest revenue generator for the ballistic protection market, and the demand
is expected to continue. This demand is due to US Governments interference in
countries like Syria, Iraq, and an increase in terror attacks.
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COVID-19 impact on the Ballistic Protection Market. Click here to Connect with Analyst @ https://www.researchdive.com/connect-to-analyst/301
Key
Segments of the Market
The report divides the market into
different segments based on platform, material, and regional analysis.
·
By platform, the airborne segment
will be the most lucrative. The airborne segment has helicopters, aircraft, and
unmanned aerial vehicles. There is a huge demand for aircraft among aviation
platforms, which are utilized by the military. This is the major factor behind
the growth of the segment.
·
On the basis of material, aramid
segment will garner the highest revenue. Aramid is obtained from scented polyamides.
They are known for their strong resistance, flexibility, and less weight. Such
characteristics make aramid an ideal for safety of boundary troops as a
shooting protective material.
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Report of the Ballistic Protection Market @ https://www.researchdive.com/request-toc-and-sample/301
Market Dynamics
The demand of enhancing active and
passive safety measures to withstand against the terror attacks and protect the
military, citizens, and paramilitary forces is boosting the growth of the
global ballistic protection market during the forecast period.
The increased cost of ballistic
protection equipment is a major hindrance behind the growth of the market. The
heavyweight of any equipment which reflects on mobility and productivity of the
military is also a potential restrain for the market growth.
The use of advanced materials to
lower the weight of equipment to improve the movement of defenses by
governments is a major opportunity for investors. This factor is expected to
create many opportunities of the market.
Key
Players of the Market
The report also enlists the most
significant players of the market which include Teijin Aramid, Honeywell International, BAE Systems, Royal TenCate NV,
EI DuPont De Nemours, and many more. The report also summarizes other
important aspects including financial performance, product portfolio, SWOT
analysis, and recent strategic moves and developments of the leading players.
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markets, targeting its major driving factors, and spotting threatening
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