New Research: Lucintel Predicts a Bright Future for Ballistic Protection Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Global Ballistic Protection Market”?

This market report for ballistic protection identifies and predicts future opportunities for growth in global ballistic protection industry for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for ballistic protection in the defense, commercial, and homeland security market.

According to Lucintel’s market report, the global ballistic protection market is expected to reach an estimated $9.0 billion by 2022 and is forecast to grow at a CAGR of 3.5% from 2017 to 2022. Some of the dominant players in the global ballistic protection market are BAE Systems PLC, Point Blank Enterprises, Rheinmetall AG, Royal TenCate, and Ceradyne, Inc.

There are some interesting developments in global ballistic protection market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include increase in protection level though advancements of armors and increase in usage of lightweight materials.

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