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The global ballistic protection materials & equipment market is high competitive with presence of several large and medium scale players. Major players operating in the market includes
Manufacturers in the market are engaged in R&D to develop innovative and advanced products as well as to increase their production capacity. For instance, Teijin announced about expanding its production of Technora para-aramid fiber by 10% in March 2016. This move was intended to meet the rising product demand and thereby generating higher gains to attain a competitive edge over its competitors.
The ballistic protection market is likely to register a crcr of 5.5% over the forecast period.
ballistic protection market