in ,

Study: Ballistic Shields Market Worth $11B in 6 Years

Study: Ballistic Shields Market Worth $11B in 6 Years - top government contractors - best government contracting event

solider, equipment, c4isrThe global ballistic protection systems industry is forecast to increase its market value from nearly $8 billion last year to $11 billion at the end of 2020, according to a new Research and Markets report.

Research and Markets said Tuesday the sector is categorized into vehicle armor and personal protective equipment designed to safeguard the human body against physical, electrical and chemical hazards.

The research company forecasts a 5.17 percent compound annual growth rate for the North American ballistic shields industry over the next six years.

Asia-Pacific holds a market share of approximately 19 percent, while Europe accounts for 26 percent of the market, the report stated.

BAE Systems, Honeywell International, Armorsource, Ceradyne, DuPont, Eagle Industries, Morgan Advanced Materials and Point Black Enterprises are some of the companies that develop anti-ballistic gear.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

mm

Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

Executive Profile: Jody Brown, CACI EVP of Public Relations, Corporate Communications and Congressional Relations - top government contractors - best government contracting event
Executive Profile: Jody Brown, CACI EVP of Public Relations, Corporate Communications and Congressional Relations
Dell Unveils Results of Global Tech Adoption Survey; Karen Quintos Comments - top government contractors - best government contracting event
Dell Unveils Results of Global Tech Adoption Survey; Karen Quintos Comments