- Growth of ballistic protection market is anticipated to be led by growing military strength of the country, expanding defence budgets and inclining global demand for domestically manufactured bulletproof vests and other ballistic equipments.
- Bulletproof Vests/Jackets had dominated the market in the country over the years in terms of both value and volume.
- The leading players in ballistic protection industry are MKU, Indian Armor, TATA Advanced Materials, Starwire and Shri Lakshmi Defence Ltd.
Ken Research announced
its latest publication on “India
Ballistic Protection Market Outlook to 2021 - Rising Defence Expenditure and
Growing Exports to Shape the Future” The report covers various aspects
such as overall size of the ballistic protection market in terms of value and
volume, segmentation on the basis of types of products, domestic sales and
exports and others. The report also covers future outlook and projections of
the industry. Additionally, the report offers prevalent trends, developments
and challenges in industry and SWOT analysis of the current market. The report
also covers the competitive landscape of the industry and comprehensive profile
of leading players operating in the market. The report also serves as a
benchmark for existing players and every new player who wish to capitalize the
market potential and investors who are looking forward to venture into the ballistic
protection market in India.
Personal ballistic protection
equipment includes reinforced clothing for a user to wear and protect him from
bullets or other shrapnel that may cause harm to the individual. The most
commonly used personal ballistic equipment is bullet proof vest/ jacket. They
are primarily used to protect the major part of the torso of the wearer, since
it is the region of the body that offers the maximum target area for an
assailant. Ballistic boots and shoes are also extensively used as they protect
the feet from injuries and also help to maintain the temperature of the feet
which is critical in high altitudes for the wearer. Bomb suits or demining
suits, on the other hand are used by special cells of the armed forces or
police forces. The market for these products is relatively smaller, since these
equipments are used for special purposes. The current tender process to procure
such equipments in India is very complex and long. Since individual states
manage their own defence decisions and the state government rarely mentions their
requirement until they finally come out with a tender, the tender process takes
a long process and breaks to complete the final procurement and fund disbursal.
Hence many domestic companies focus on exporting the products to other countries.
In FY’2016, the largest share in the personal ballistic
protection market in India was countered by bullet proof vests. This
considerable share has been witnessed owing to the fact that vests are the most
commonly used form of protection gear. The
risk of personal safety for VIPs and HNWIs has also led to a rise in the demand
for these products, primarily bullet proof vests, which has been instrumental
in helping this increase in demand.
“Increasing demand of ballistic protection in the
country had increased its production in the country. The leading and the
emerging companies should focus on the international market as huge demand for
Indian ballistic products, especially vests is arising from foreign military
and police forces. Large number of Indian companies are already supplying to significant
number of clients all over the world. Entities such as British Armed Forces, US
Department of Defense, United States Agency for International Development
(USAID), United Nations Development Program (UNDP), Ghana Armed Force, Royal
Thai Army and Royal Thai Navy, Japan Maritime self-defense forces and Nepalese
army buy bulletproof jackets/vests in large quantities from Indian
manufacturers.” according to the Research Analyst, Ken Research.
Key
Topics Covered in the Report:
·
India
Ballistic Protection Market Introduction and Size by value and volume
·
India Ballistic Protection
Market Segmentation (By types of products and import and domestic production)
·
India Ballistic
Vest/Jacket Protection Market size by value and volume
·
India Ballistic
Vest/Jacket Protection Market Segmentation (By domestic sales and exports)
·
India Ballistic Boots
Market size by value and volume
·
India Ballistic Blankets
Market size by value and volume
·
India Ballistic Blankets
Market Segmentation (By domestic sales and exports)
·
India Demining Suits
Market size by value and volume
·
India Bomb Suits Market
size by value and volume
·
India Ballistic Helmet
Market size by value and volume
·
India Ballistic Helmet
Market Segmentation (By domestic sales and exports)
·
Company Profile of Leading
Players in India Ballistic Protection Market
·
SWOT analysis of India
Ballistic Protection Market
·
India Ballistic Protection
Market Future Outlook and Projections
Key
Product Mentioned in the Report
-
Bulletproof Vest/Jackets
-
Ballistic Helmets
-
Ballistic Boots
-
Demining Suits
-
Bomb Suits
-
Ballistic/Bomb Blankets
-
Bulletproof Glass
-
Armored Vehicles
Companies
Covered in the Report
-
MKU
-
Indian Armor
-
TATA Advanced Material
-
Starwire
-
Shri Lakshmi Defence Ltd
For more information about the publication, refer to below
link:
Related Reports:
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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