BALLISTIC PROTECTION MARKET IN INDIA: RESEARCH REPORT 2015-2019

The article “India ballistic protection market prognosis to 2019 – growing defense spending and rise of global player” gives a detailed examination of the personal protective gear and armored vehicles that are used in India. The study covers a variety of topics, including the size of the market for personal protective equipment in India as well as its segmentation into ballistic vests, ballistic helmets, ballistic bomb suits, demining suits, ballistic blankets, and ballistic helmets. The study also gives an overview of the ballistic armored vehicle market and shows the significant trends and advancements that have taken place across all of the different categories of the india ballistic protection industry over the course of the years. On the basis of projected revenue growth over the next five years, a comprehensive analysis of the industry as a whole and each of its individual market sectors is presented. The personal ballistic protection market in India includes a wide variety of items, some of which include vests, bomb suits, ballistic boots, ballistic blankets, and demining suits. When there is a need to protect more than just the main user of these items, these products are not particularly beneficial since their primary user is already being protected. In the financial year 2009, the size of the market in terms of revenues in India was measured at inr million. It has increased throughout the period of fy’2009-fy’2014 at a cagr of %, which was recorded at inr million in fy’2014, and it has risen gradually over this time period. This boost in income was driven by an increase in the size of India’s armed forces, which was supported by a rise in the amount of money allocated to the defense budget. In the personal ballistic protection market in india in fy’2014, the largest share was captured by bullet proof vests, which accounted for % of the overall market revenues. This was caused by an increase in the demand for bullet proof vests by the military personnel and security agents protecting vips and hnwis of the country. The revenue that is generated by ballistic boots to the whole market is percent, making them the second greatest contributor. The majority of the armed forces across the world use these boots. On the other hand, ballistic helmets have only provided a value equivalent to a percent of the whole market consumption. These helmets are used in conjunction with bulletproof vests, which allowed them to acquire a substantial portion of the market. mku, shri lakshmi defence limited, jeet and jeet glass, indian armour, star wire private limited, ashok leyland defense systems, and defence land systems india are some of the prominent participants in this business. The personal ballistic protection market in india is expected to develop at a compound annual growth rate (cagr) of 10.7 percent during the period of fy’2015-fy’2019, which indicates that there are good opportunities in the market’s future. By the end of the current fiscal year (fy’2019), it is anticipated that sales from the India ballistic protection market would have reached million INR. It is anticipated that this will occur as a result of increased government purchases, liberalization in fdi policies for the defense industry, the rise of local producers, and an increase in the size of the army in India. The following are some of the key topics that are covered in the report: •the market size of the personal ballistic protection market. •the market size of the ballistic vests market. •the market size of the ballistic boots market. •the market size of the bomb suits market. •the market size of the ballistic helmets market. •the market size of the vehicles ballistic protection market. •market segmentation of the personal ballistic protection market. • current developments and future prospects in the ballistic protection sector in India • a swot study of the ballistic protection sector in India. •the implementation of government rules within the ballistic protection business in India • a comprehensive analysis of the competitive environment, including in-depth profiles of the leading companies producing ballistic equipment. •future outlook and forecasts of the india ballistic protection business sourced from the india ballistic market study contact: ken research ankur gupta, head marketing & communications query@kenresearch.com +91-11-47017199

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