India Ballistic
Protection Market Outlook to 2019 – Rising Defence Expenditure and Emergence of
Global Players which provides a comprehensive analysis of the personal
protective equipments as well as armored vehicles in India. The report covers
various aspects such as market size of India personal Protective Equipments,
segmentation on the basis of Ballistic vests, Ballistic helmets, Ballistic Bomb
Suits, demining suits, Ballistic helmets and Ballistic blankets. The report
also provides the snapshot on ballistic armored vehicle market and highlights
the major trends and developments of all the segments in India Ballistic
Protection Industry over the years. Future analysis of the industry along with
its various market segments is provided on the basis of revenues over the next
five years.
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| India Ballistic Market |
India personal ballistic protection market comprises of
multiple products such as vests, bomb suits, ballistic boots, ballistic
blankets and demining suits among others. These products are not very useful
when the need is to protect more than just the primary user of these products.
The market size in terms of revenues in India was recorded at INR ~ million in
FY’2009. It has grown steadily over the period of FY’2009-FY’2014 at a CAGR of ~%,
which was registered at INR ~ million in FY’2014. This growth in revenues was
led by surge in armed forces in India, which was complemented with growth in
defence budget allocation.
In FY’2014, the largest share in the personal ballistic
protection market in India was captured by bullet proof vests which accounted
for ~% of the overall market revenues due to rise in the demand for bullet
proof vests by the military personnel and security agents protecting VIPs and
the HNWIs of the country. Ballistic boots has contributed the second largest share
of ~% in the overall market revenues. These boots are largely used by the
military forces. Ballistic helmets, on the other hand have contributed ~% of
the overall market consumption value. These helmets are used in complementarily
with bullet proof vests, thereby possessed a substantial share.
Major players operating in the industry includes MKU, Shri
Lakshmi Defence Limited, Jeet and Jeet Glass, Indian Armour, Star Wire Private
Limited, Ashok Leyland Defence Systems, Defence Land Systems India.
India’s personal ballistic protection market showcases
promising prospects in the future as the market is estimated to grow at a CAGR
of 10.7% over the period of FY’2015-FY’2019. The revenues from India Ballistic
Protection market is likely to increase to INR ~ million by FY’2019. This is
envisaged with higher government purchases, liberalization in FDI policies for
defence sector, emergence of domestic manufacturers as well as growth in army
strength in India.
Key Topics
Covered in the Report:
·
The market size
of the Personal ballistic Protection market.
·
The market size
of the Ballistic Vests market.
·
The market size
of the ballistic Boots Market.
·
The market size
of the Ballistic Blankets Market.
·
The market size
of the Demining Suits Market.
·
The market size
of the Bomb Suits Market.
·
The market size
of the ballistic Helmets Market.
·
The market size
of the Vehicles Ballistic Protection Market.
·
Market
segmentation of the Personal ballistic Protection market on the basis of imported
and domestic procurement.
·
Trends and
Development in the India Ballistic Protection Industry
·
SWOT Analysis of
the India Ballistic Protection Industry.
·
Government
Regulations in the India Ballistic Protection Industry
·
Competitive
landscape and detailed company profiles of the major manufacturers of Ballistic
equipments.
·
Future outlook
and projections of the India Ballistic Protection Industry
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Query@kenresearch.com
+91-11-47017199
Ken Research
Ankur Gupta, Head Marketing & Communications
Query@kenresearch.com
+91-11-47017199
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