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The ballistic protection market size is forecast to increase by USD 3.16 billion, at a CAGR of 4.33% between 2023 and 2028. The market is driven by several factors, including the increasing threat of terror attacks and the need for soldier modernization technologies. The demand for personnel protection equipment (PPE) and vehicle protection equipment (VPE) is on the rise, particularly in the land, airborne, and marine sectors. Defense naval vessels require advanced ballistic protection against weapons and ammunition, as well as improvised explosive devices (IEDs). Defense expenditure continues to increase as countries prioritize security and safety. Innovations in materials used for bulletproof vests, such as advanced ceramics and nanotechnology, are leading to lighter and more effective solutions. The automation of warfare and defense systems is also reducing troop size, leading to a greater focus on providing effective ballistic protection for those on the front lines.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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