PR Newswire
NEW YORK, July 30, 2025
NEW YORK, July 30, 2025 /PRNewswire/ -- According to a new comprehensive report from The Insight Partners, the global ballistic protection market is observing healthy growth owing to the demand from rising global military expenditure across different regions.
The ballistic protection market is expected to reach USD 16.27 billion in 2024 and reach USD 23.69 billion by 2031; it is estimated to record a CAGR of 5.9% from 2025 to 2031. Geopolitical tensions and rising defense budgets remain the main factors in ballistic protection market demand.
Nations prioritize the modernization of their armed forces, investing heavily in advanced protective systems for personnel, vehicles, and infrastructure. This trend is particularly pronounced in North America, which leads the largest market share due to its high defense spending, technological leadership, and ongoing military engagements. Simultaneously, Asia Pacific is emerging as the fastest-growing region, driven by increased military expenditures in China, India, and Southeast Asia and heightened security concerns stemming from regional disputes and terrorism.
The report runs an in-depth analysis of market trends, key players, and future opportunities. Rising geopolitical tensions, increased defense budgets, and a growing demand for advanced, lightweight protective solutions across military, law enforcement, and civilian sectors drive the growth.
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Overview of Ballistic Protection Market Report Findings
(USD Million) | 2021 | 2022 | 2023 | 2024 |
United States | 806,230.2 | 860,692.2 | 916,014.7 | 9,68,381.6 |
China | 285,930.5 | 291,958.4 | 296,438.6 | 3,17,561.0 |
Russia | 65,907.7 | 102,366.6 | 109,454.4 | 1,50,534.0 |
India | 76,348.5 | 79,976.8 | 83,574.6 | 83,623.1 |
Saudi Arabia | 63,194.7 | 70,920.0 | 75,813.3 | 78,953.6 |
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Ballistic Protection Market Segmentation
Competitive Strategy and Development
Global Headlines on Ballistic Protection Market
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Conclusion
The global ballistic protection market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). North America accounted for the largest market share in 2024. Personal protection equipment, including body armor, helmets, and shields, remains dominant, reflecting widespread adoption among military and law enforcement agencies.
However, vehicle protection equipment is the fastest-growing segment, propelled by increased procurement of armored vehicles and the need to safeguard personnel against improvised explosive devices (IEDs), anti-tank weaponry, and ballistic threats. Among materials, composites and aramid fibers are most prevalent, while advanced ceramics and composites register the highest growth rates due to their superior strength-to-weight ratios and multi-hit capabilities. Military applications continue to account for the largest market share. Still, homeland security and civilian/commercial uses are expanding rapidly, fueled by rising concerns over terrorism, violent crime, and personal safety.
Industry leaders such as BAE Systems, Honeywell, DuPont, Rheinmetall, and Saab maintain their positions through strategic partnerships, continuous R&D, and a focus on integrated solutions. At the same time, smaller, agile firms are carving out niches with rapid prototyping, customer-centric design, and collaborations with academic institutions to explore next-generation materials.
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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients get solutions to their research requirements through our syndicated and consulting research services. We specialize in semiconductor and electronics, aerospace and defense, automotive and transportation, biotechnology, healthcare IT, manufacturing and construction, medical devices, technology, media and telecommunications, and chemicals and materials.
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