According to a new country report published by Lucintel, the future of the ballistic protection market in the United States looks good with opportunities in the defense, commercial, and homeland security market. The ballistic protection market in the United States is primarily driven by increasing defense budget in developing countries and increasing terror activities leading to growth in demand for ballistic protection equipment.
This report studies factors affecting the ballistic protection market in the United States from both demand and supply sides. The report also analyzes growth opportunities in different applications and provides comprehensive data and analysis on trends, key drivers, and directions.
Among various growth areas, Lucintel forecasts that body armor segment is expected to show above average growth during the forecast period. Within the ballistic protection market in the United States, defense segment is expected to remain the largest segment. Increasing defense budgets and upgradation of equipment are the major drivers, which would spur growth for this segment over the forecast period.
Emerging trends, which have a direct impact on the dynamics of the industry, include increase in protection level though advancements of armors and increase in usage of lightweight materials.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the current market trends, forecasts, new market opportunities, and competitive landscape for the ballistic protection market in the United States and has come up with a comprehensive research report entitled “Opportunities for the Ballistic Protection Market in the United States.” The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes the market size and forecast for the ballistic protection market in the United States by subtype (body armor), and end-use as follows:
Ballistic protection market by type (Value ($ million) from 2014 to 2025):
• Body Armor
• Vehicle Armor
Ballistic protection market by Subtype (Body Armor) (Value ($ million) from 2014 to 2025):
• Soft body armor
• Hard body armor
• Protective headgear
Ballistic protection market by End-Use (Value ($ million) from 2014 to 2025):
• Defense
• Homeland Security
• Commercial
This 60-page country research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed scope, benefits, and other details of this report, please contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/United-States/ballistic-protection.aspx or write to us at helpdesk@lucintel.com
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com