Ballistic Protection Market Share

Geographically, the ballistic protection market is segmented into five major region including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is predicted to dominate majority revenue share by 2037, attributed to rising initiatives from US government in order to sustain as a military superpower along with increasing concerns related to the safety & protection of security forces. Further, heavy defense budget proposed by government for military will fuel the market growth. The Asia Pacific region is estimated to grow at fastest rate owing to the huge investments for advanced weapons and support through necessary infrastructure aids. In addition, the introduction of logistical support equipments in emerging economies such as China, India and Japan are fostering the demand for ballistic protection. Hence, with the rising economic growth of countries in the region, the market for ballistic protection will witness surge in demand for the product.