Evolving threat scenarios worldwide are driving military forces to adopt sophisticated ballistic protection technologies for troops operating in high-threat environments, according to a report by Strategic Defence Intelligence (SDI).
Titled "The Ballistic Protection Market -- Key Drivers, Trends, and New Developments", the report analyses the industry trends, procurement strategies, major manufacturers and key elements determining the demand for ballistic protection systems.
An increasing number of countries with a contingency for continuous deployment of troops in guerrilla warfare, counter-insurgency and counter-terrorism missions is likely to create more demand for ballistic protection equipment, says the report.
Popular with advanced nations with smaller armies in Europe and North America, the technology-driven ballistic protection market is now expanding to developing countries in Asia-Pacific, the Middle East, and Latin America, which intend to equip their troops to counter modern threats.
Law enforcement agencies, including paramilitary and police forces, are expected to emerge as new target customers for the manufacturers.
Cost-effectiveness, lightness and wearability will further contribute to the wider employment of personal armour and ballistic protection systems, resulting in higher market penetration.
The industry is anticipated to attract new investments from nations with no domestic production experience. Such nations are expected to either procure individual and ballistic protection systems from the US and European countries, or produce them under licence.