How Is the India Ballistic Protection Market Positioned?
Ballistic protection
market comprises of defence equipments which are used by people to protect
themselves against the projectiles that may be launched from a firearm or an
explosive device. The most commonly used forms of ballistic protection are
bullet proof vest and bullet proof vehicles. Bullet proof vests can be made
strong enough to withstand attacks from handguns, sub-machine guns as well as
modern assault rifles. The need for ballistic protection has been growing in
India with the rise in threat of domestic and cross-border terrorism. Apart
from terrorism, local extremist outfits such as Indian Mujahideen, Bodo
militants, Maoist-Naxalite insurgency in several of its states has led to the
deployment of military and paramilitary forces in these regions. As the
casualties and fatalities from stray explosives and firings rise in these
regions, the need for protective armor by the general public has been growing.
Moreover, there is a
constant demand from the armed forces in India, since the country’s borders are
shared with China and Pakistan. The market for personal protective
garments in India has flourished in the past five years, owing to the extension
in demand. This was supported with a surge in supply, owing to the presence of
global as well as domestic players in the market.
India personal ballistic protection market
size in terms of revenues in India was recorded at INR ~ million in FY’2011.
The revenues have increased to INR ~ million in FY’2016, at a CAGR of ~% during
the period. In terms of volume the market has been evaluated at ~ in FY’2016.
The market is expected to grow in the
future as the demand for these products is set to increase under a host of new
measures that have been taken under the new administration in India.
How
Each Segment Contributes in Overall Ballistic Protection Market?
The personal protective equipments are
available in the form of vests, jackets, helmets, boots, shoes and shoulder
pads among others.
In FY’2016, the largest share in the
personal ballistic protection market in India was countered by bullet proof
vests which accounted for ~% of the overall market revenues.
Ballistic boots has contributed the
second largest share of ~% in the overall market revenues.
ballistic blankets, though being used
in very small quantities and by a handful of users, has dominated as the fourth
largest segment, with a share of ~% during FY’2016. Bomb Squad Outfits have
gathered a revenue share of ~% in the ballistic protection market during
FY’2016.
These suits have multiple layers of
clothing and protection as the users have to try and defuse an explosive device
from close range. Demining suits has accounted for ~% revenues share during
FY’2016.
India Personal
Ballistic Protection market has been segmented on the basis of procurement of
demand from domestic and imported. In the recent years, the domestic industry
has showcased a growth momentum. With several small time players entering into
the industry, and Faridabad area in Haryana becoming the manufacturing hub for
such products, the domestic procurement can be expected to contribute a larger
share to the market. This is likely to enhance the share of domestically
manufactured products by a substantial amount as compared to the level during
FY’2016.
Which Segments have Driven the size of The India Ballistic Protection Market industry?
India Ballistic Vests/Jackets
Market
The
market for bulletproof vests in largely export oriented as of FY’2016. Exports
accounted for a share of ~% in the volume sales of ballistic vests/jackets
market in India during FY’2016.
India Ballistic Vests/Jackets Market has grown at a steady CAGR of ¬% in
terms of sales volume during the period FY’2011-FY’2016. Over the period
FY’2012-FY’2016 the market for bulletproof vests has generated significant
demand from different units of the Indian Army as well as police forces of
J& K, Assam, Manipur; Nagaland and several other Indian states. In the year
FY’2016, the total market value of the bullet proof vests had reached a total
of INR ¬ million.
India
Ballistic Boots Market
Ballistic boots have been produced
with the major focus towards preventing damage from bullets and other shrapnel
to the legs and feet of users. Generally, the use of such boots is not very
common due to the unlikelihood of a user getting assaulted with the focus at
the feet.
These boots are generally made with
the help of aromatic polyamide fabrics such as Kevlar and Twaron.
These fabrics are added in multiple
layers to the basic design of a boot which will help increase the strength of
boots and protect against the damage from a bullet. These boots are treated
with chemicals to make them impervious to water which is instrumental in their
use in higher altitudes by the armed forces.
The companies indulged into the
manufacturing of Ballistic Boots are namely MKU, Star Wire, India Armor Systems
and several others. These companies account for a substantial proportion in the
overall market, while the rest is captured by global players. The future of
this industry is highly dependent upon the military strength, since the growth
in military is likely to propel the demand for ballistic boots as well.
India
Ballistic Blankets Market
Similar to ballistic
vests and helmets, the market for ballistic blanket in India has been dominated
by exports during FY’2016. Exports have captured a share of ~% in the total
sales of ballistic blanket market during FY’2016.
India
Demining Suits Market
Demining Suits in India
are primarily used by the armed forces that are tasked with the detection and
disposing of mines.
The suits are sometimes considered
equivalent to bomb suits but the specifications and the functions of the suits
are much different.
Globally, the world is moving towards
banning landmines as they harm the civilians of a nation long after the war is
over during which the landmines were planted by the invading country. Moves by
different countries on this agenda have helped reduce the fatalities resulting
from landmine explosions. Furthermore, modern-age equipment such as demining
robots have been developed that help reduce the number of injuries and
drastically reduce the risk to human lives due to landmines. Due to this the
revenue of demining suits have declined from INR ~ million in FY’2011 to INR ~
million in FY’2016. In terms of volume, ~ units of demining suits have been
sold in India during FY’2016.
Although, the sales volume of demining
suits is relatively lower in India, but they are nevertheless important for the
defence sector of the country. A demining suit weighs around ~ kg and provides
different level of protection to different parts of the body.
India Bomb
Suits Market
A
bomb suit, which is also known as explosive ordinance disposal suit, has its
end users in defence personnel. These suits are largely used by the bomb
diffusers or by the people who attempts to dispose a bomb.
The bomb suits are generally made
with high strength aromatic polyamide polymer fabrics such as Kevlar. The suits
have extra padding in their built to protect against the massive impact of
blasts.
The market size for Bomb Suits in
India has consistently grown during the period FY’2011-FY’2015, before
witnessing a considerable dip in FY’2016. The demand for bomb suits from civil
population is almost negligible, since a large proportion of demand is emerged
through bomb squads and the military forces that indulge in the diffusion of
explosive devices.
The revenues of Bomb suits market
in India were posted at INR ~ million during FY’2011, which reduced to INR ~
million in FY’2016. In terms of sales, ~number of bomb suits was consumed in
FY’2016.
The revenues of the bomb squad
outfit market declined by a significant rate of ~% in FY’2016. This decline has
been attributed to lack of bomb threats and explosions in the country over the
past few years.
India
Ballistic Helmet Market
India ballistic helmet
market is highly export driven with export accounting for ~ share in the total
sales during FY’2016. Indian ballistic helmet vendors export to ~ forces in
over ~ countries. British, German, Spanish and French armies and police forces
from Japan to the US are some of the clients manufacturers of ballistic helmets
in India are catering to as of FY’2016.
The market of ballistic helmets in
India has been constantly growing year on year. In FY’2011, the market was
valued at INR ~ million which has enhanced to INR ~ million in FY’2016 at a
CAGR of ~%. The market was buoyed by high demand for ballistic protection
products from the Indian government for its military forces. This has been
attributed as the leading factor behind the surge in revenues over the years
FY’2011-FY’2016.
India Armored Vehicle Market
Vehicle Protection is considered as the armoring of vehicles, which makes the
vehicle impervious to bullets fired towards them. The users are safer inside an
armored vehicle than wearing just a bulletproof vest and other clothing.
The armored vehicles are used for
a number of purposes and are primarily divided into two broad categories –
armored fighting vehicles and armored civilian vehicles.
The armored fighting vehicles are
used by the military forces of a nation. These vehicles do not include armored
tanks but generic armored fighting vehicles such as the C8 fighting vehicle
developed by Concord Safety Solutions.
The market for armored fighting
vehicles has been registered at ~ units. The average price for an armored
military vehicle is INR ~lakh as of FY’2016.
On the other hand, ~ civilian
vehicles have been upgraded into armor protected vehicles during FY’2016.
Average cost of modifying a civilian vehicle into armor protected vehicle is
INR ~ lakh as of FY’2016.
India Bulletproof Glass Market
Bulletproof Glass market has grown at a gradual pace over the period
FY’2011-FY’2016. Bulletproof glass is primarily used in armored vehicles in
order to protect HNWIs and military personnel. Furthermore, bullet-proof glass
is also used to protect employees and objects of great value in banks,
government buildings, convenience stores, liquor stores, jeweler stores, post
offices, churches and schools.
Bullet-proof glass used in India is
majorly of two types, laminated glass and polycarbonate thermoplastic. The
laminated glass is a heavy and thick type of glass which usually 4 inches
thick, but can be made up to 8 inches thick. On the other hand, the
polycarbonate thermoplastic is layered between sheets of glass so that the
force from bullets or an object will repel.
Average price of bulletproof glass in
India is INR ~ per square feet as of FY’2016. Inclining sales of armored
vehicles and growing military strength of the country have earmarked the sales
volume for bulletproof at ~ square feet in FY’2016. The market has also been
supported by growing number of banks and HNWIs in the country over the period
FY’2011-FY’2016. Supported by this, the revenues for the market have been
registered at INR ~ million in FY’2016
How The Competition Is Structured in India
Ballistic Protection market?
The market for ballistic
equipments in India has several players which have established themselves into
the Indian geography. Some of the major players operating in this industry are
namely Star Wire, MKU, India Armor Systems, Tata Advanced Materials, Sri Lakshmi
Defence and others. MKU, Tata Advanced Materials and Indian Armor are the
leading players in the industry as of FY’2016.
MKU has one of the largest
production capacities in the ballistic protection market of the country. As of
FY’2016, MKU can produce ~ ballistic helmets, ~ ballistic jackets, ~ amour
inserts and ~ amour kits per year. On the other hand, TATA Advanced Materials
posted revenue of INR ~ crores in FY’2015 which amplified from INR ~ crores in
FY’2014. There are other players as well operating in the space such as Indian
Armor,
What are the Future Prospectes for India
Ballistic Protection market?
India’s
personal ballistic protection market showcases promising prospects in the
future as the market is estimated to grow at a CAGR of ~% over the period of
FY’2017-FY’2021 in terms of sales volume in units. Indian army has a
requirement for ~ ballistic jackets. The government has sanctioned the order of
to provide ~ bulletproof jackets by the end of 2017. More jackets will be
supplied over the course of 2018-2020.
This has been projected to provide
a considerable boost over the period FY’2016-2021. Tension between India and
Pakistan is also increasing which will further raise the demand for other
ballistic protection equipments such as ballistic helmets, boots, blankets and
others over the period FY’2017-FY’2018. The market is expected to reach ~ units
in FY’2021. Further support to the market will be provided by fresh FDI inflows
into the market and the growing demand of the ballistic protection products
from the Indian government.
Companies Cited in the Report
List
of Companies Companies Covered in the Report
Major Players
MKU
Indian Armour
TATA Advanced
Materials
Starwire
Shri Lakshmi
Defence Ltd
Jeet and Jeet Glass and Chemicals
Key Factors Considered in the Report
Comprehensive analysis of the India ballistic Protection market and its segments
Listed major players and their competitive landscape
Identified major industry developments in last few years and assessed
the future growth of the industry
Future Outlook and Projections
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