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India Ballistic Protection Market Outlook To 2021: Ken Research

Posted on 20 October 2016 by KenResearch defense and security ,

How Is the India Ballistic Protection Market Positioned?

Ballistic protection market comprises of defence equipments which are used by people to protect themselves against the projectiles that may be launched from a firearm or an explosive device. The most commonly used forms of ballistic protection are bullet proof vest and bullet proof vehicles. Bullet proof vests can be made strong enough to withstand attacks from handguns, sub-machine guns as well as modern assault rifles. The need for ballistic protection has been growing in India with the rise in threat of domestic and cross-border terrorism. Apart from terrorism, local extremist outfits such as Indian Mujahideen, Bodo militants, Maoist-Naxalite insurgency in several of its states has led to the deployment of military and paramilitary forces in these regions. As the casualties and fatalities from stray explosives and firings rise in these regions, the need for protective armor by the general public has been growing.

Moreover, there is a constant demand from the armed forces in India, since the country’s borders are shared with China and Pakistan. The market for personal protective garments in India has flourished in the past five years, owing to the extension in demand. This was supported with a surge in supply, owing to the presence of global as well as domestic players in the market.

India personal ballistic protection market size in terms of revenues in India was recorded at INR ~ million in FY’2011. The revenues have increased to INR ~ million in FY’2016, at a CAGR of ~% during the period. In terms of volume the market has been evaluated at ~ in FY’2016.

The market is expected to grow in the future as the demand for these products is set to increase under a host of new measures that have been taken under the new administration in India.

How Each Segment Contributes in Overall Ballistic Protection Market?

The personal protective equipments are available in the form of vests, jackets, helmets, boots, shoes and shoulder pads among others.

In FY’2016, the largest share in the personal ballistic protection market in India was countered by bullet proof vests which accounted for ~% of the overall market revenues.

Ballistic boots has contributed the second largest share of ~% in the overall market revenues.

ballistic blankets, though being used in very small quantities and by a handful of users, has dominated as the fourth largest segment, with a share of ~% during FY’2016. Bomb Squad Outfits have gathered a revenue share of ~% in the ballistic protection market during FY’2016.

These suits have multiple layers of clothing and protection as the users have to try and defuse an explosive device from close range. Demining suits has accounted for ~% revenues share during FY’2016.

India Personal Ballistic Protection market has been segmented on the basis of procurement of demand from domestic and imported. In the recent years, the domestic industry has showcased a growth momentum. With several small time players entering into the industry, and Faridabad area in Haryana becoming the manufacturing hub for such products, the domestic procurement can be expected to contribute a larger share to the market. This is likely to enhance the share of domestically manufactured products by a substantial amount as compared to the level during FY’2016.

Which Segments have Driven the size of The India Ballistic Protection Market industry?

India Ballistic Vests/Jackets Market
The market for bulletproof vests in largely export oriented as of FY’2016. Exports accounted for a share of ~% in the volume sales of ballistic vests/jackets market in India during FY’2016.

India Ballistic Vests/Jackets Market has grown at a steady CAGR of ¬% in terms of sales volume during the period FY’2011-FY’2016. Over the period FY’2012-FY’2016 the market for bulletproof vests has generated significant demand from different units of the Indian Army as well as police forces of J& K, Assam, Manipur; Nagaland and several other Indian states. In the year FY’2016, the total market value of the bullet proof vests had reached a total of INR ¬ million.

India Ballistic Boots Market

Ballistic boots have been produced with the major focus towards preventing damage from bullets and other shrapnel to the legs and feet of users. Generally, the use of such boots is not very common due to the unlikelihood of a user getting assaulted with the focus at the feet.

These boots are generally made with the help of aromatic polyamide fabrics such as Kevlar and Twaron.

These fabrics are added in multiple layers to the basic design of a boot which will help increase the strength of boots and protect against the damage from a bullet. These boots are treated with chemicals to make them impervious to water which is instrumental in their use in higher altitudes by the armed forces.

The companies indulged into the manufacturing of Ballistic Boots are namely MKU, Star Wire, India Armor Systems and several others. These companies account for a substantial proportion in the overall market, while the rest is captured by global players. The future of this industry is highly dependent upon the military strength, since the growth in military is likely to propel the demand for ballistic boots as well.

India Ballistic Blankets Market
Similar to ballistic vests and helmets, the market for ballistic blanket in India has been dominated by exports during FY’2016. Exports have captured a share of ~% in the total sales of ballistic blanket market during FY’2016.

India Demining Suits Market
Demining Suits in India are primarily used by the armed forces that are tasked with the detection and disposing of mines.

The suits are sometimes considered equivalent to bomb suits but the specifications and the functions of the suits are much different.

Globally, the world is moving towards banning landmines as they harm the civilians of a nation long after the war is over during which the landmines were planted by the invading country. Moves by different countries on this agenda have helped reduce the fatalities resulting from landmine explosions. Furthermore, modern-age equipment such as demining robots have been developed that help reduce the number of injuries and drastically reduce the risk to human lives due to landmines. Due to this the revenue of demining suits have declined from INR ~ million in FY’2011 to INR ~ million in FY’2016. In terms of volume, ~ units of demining suits have been sold in India during FY’2016.

Although, the sales volume of demining suits is relatively lower in India, but they are nevertheless important for the defence sector of the country. A demining suit weighs around ~ kg and provides different level of protection to different parts of the body.

India Bomb Suits Market
A bomb suit, which is also known as explosive ordinance disposal suit, has its end users in defence personnel. These suits are largely used by the bomb diffusers or by the people who attempts to dispose a bomb.

The bomb suits are generally made with high strength aromatic polyamide polymer fabrics such as Kevlar. The suits have extra padding in their built to protect against the massive impact of blasts.

The market size for Bomb Suits in India has consistently grown during the period FY’2011-FY’2015, before witnessing a considerable dip in FY’2016. The demand for bomb suits from civil population is almost negligible, since a large proportion of demand is emerged through bomb squads and the military forces that indulge in the diffusion of explosive devices.

The revenues of Bomb suits market in India were posted at INR ~ million during FY’2011, which reduced to INR ~ million in FY’2016. In terms of sales, ~number of bomb suits was consumed in FY’2016.

The revenues of the bomb squad outfit market declined by a significant rate of ~% in FY’2016. This decline has been attributed to lack of bomb threats and explosions in the country over the past few years.

India Ballistic Helmet Market
India ballistic helmet market is highly export driven with export accounting for ~ share in the total sales during FY’2016. Indian ballistic helmet vendors export to ~ forces in over ~ countries. British, German, Spanish and French armies and police forces from Japan to the US are some of the clients manufacturers of ballistic helmets in India are catering to as of FY’2016.

The market of ballistic helmets in India has been constantly growing year on year. In FY’2011, the market was valued at INR ~ million which has enhanced to INR ~ million in FY’2016 at a CAGR of ~%. The market was buoyed by high demand for ballistic protection products from the Indian government for its military forces. This has been attributed as the leading factor behind the surge in revenues over the years FY’2011-FY’2016.

India Armored Vehicle Market
Vehicle Protection is considered as the armoring of vehicles, which makes the vehicle impervious to bullets fired towards them. The users are safer inside an armored vehicle than wearing just a bulletproof vest and other clothing.

The armored vehicles are used for a number of purposes and are primarily divided into two broad categories – armored fighting vehicles and armored civilian vehicles.

The armored fighting vehicles are used by the military forces of a nation. These vehicles do not include armored tanks but generic armored fighting vehicles such as the C8 fighting vehicle developed by Concord Safety Solutions.

The market for armored fighting vehicles has been registered at ~ units. The average price for an armored military vehicle is INR ~lakh as of FY’2016.

On the other hand, ~ civilian vehicles have been upgraded into armor protected vehicles during FY’2016. Average cost of modifying a civilian vehicle into armor protected vehicle is INR ~ lakh as of FY’2016.

India Bulletproof Glass Market
Bulletproof Glass market has grown at a gradual pace over the period FY’2011-FY’2016. Bulletproof glass is primarily used in armored vehicles in order to protect HNWIs and military personnel. Furthermore, bullet-proof glass is also used to protect employees and objects of great value in banks, government buildings, convenience stores, liquor stores, jeweler stores, post offices, churches and schools.

Bullet-proof glass used in India is majorly of two types, laminated glass and polycarbonate thermoplastic. The laminated glass is a heavy and thick type of glass which usually 4 inches thick, but can be made up to 8 inches thick. On the other hand, the polycarbonate thermoplastic is layered between sheets of glass so that the force from bullets or an object will repel.

Average price of bulletproof glass in India is INR ~ per square feet as of FY’2016. Inclining sales of armored vehicles and growing military strength of the country have earmarked the sales volume for bulletproof at ~ square feet in FY’2016. The market has also been supported by growing number of banks and HNWIs in the country over the period FY’2011-FY’2016. Supported by this, the revenues for the market have been registered at INR ~ million in FY’2016

How The Competition Is Structured in India Ballistic Protection market?

The market for ballistic equipments in India has several players which have established themselves into the Indian geography. Some of the major players operating in this industry are namely Star Wire, MKU, India Armor Systems, Tata Advanced Materials, Sri Lakshmi Defence and others. MKU, Tata Advanced Materials and Indian Armor are the leading players in the industry as of FY’2016.

MKU has one of the largest production capacities in the ballistic protection market of the country. As of FY’2016, MKU can produce ~ ballistic helmets, ~ ballistic jackets, ~ amour inserts and ~ amour kits per year. On the other hand, TATA Advanced Materials posted revenue of INR ~ crores in FY’2015 which amplified from INR ~ crores in FY’2014. There are other players as well operating in the space such as Indian Armor,

What are the Future Prospectes for India Ballistic Protection market?

India’s personal ballistic protection market showcases promising prospects in the future as the market is estimated to grow at a CAGR of ~% over the period of FY’2017-FY’2021 in terms of sales volume in units. Indian army has a requirement for ~ ballistic jackets. The government has sanctioned the order of to provide ~ bulletproof jackets by the end of 2017. More jackets will be supplied over the course of 2018-2020. 

This has been projected to provide a considerable boost over the period FY’2016-2021. Tension between India and Pakistan is also increasing which will further raise the demand for other ballistic protection equipments such as ballistic helmets, boots, blankets and others over the period FY’2017-FY’2018. The market is expected to reach ~ units in FY’2021. Further support to the market will be provided by fresh FDI inflows into the market and the growing demand of the ballistic protection products from the Indian government.

Companies Cited in the Report

List of Companies                                    Companies Covered in the Report                                 

                                                                     Major Players                                                     

MKU

Indian Armour

TATA Advanced Materials

Starwire

Shri Lakshmi Defence Ltd

Jeet and Jeet Glass and Chemicals

Key Factors Considered in the Report

  • Comprehensive analysis of the India ballistic Protection market and its segments
  • Listed major players and their competitive landscape
  • Identified major industry developments in last few years and assessed the future growth of the industry
  • Future Outlook and Projections

For more information about the publication, refer to below link:

https://www.kenresearch.com/defense-and-security/weapon/india-ballistic-protection-market/54087-16.html

Related Reports:

https://www.kenresearch.com/defense-and-security/security-devices/india-electronic-security-market-2020/30045-16.html

Contact Us: 
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

...

Read more…

Rising Defence Expenditure and Growing Exports to Shape the Future for Bulletproof vest manufacturers in India: Ken Research

Posted on 19 October 2016 by KenResearch defense and security ,

  • Growth of ballistic protection market is anticipated to be led by growing military strength of the country, expanding defence budgets and inclining global demand for domestically manufactured bulletproof vests and other ballistic equipments.
  • Bulletproof Vests/Jackets had dominated the market in the country over the years in terms of both value and volume.
  • The leading players in ballistic protection industry are MKU, Indian Armor, TATA Advanced Materials, Starwire and Shri Lakshmi Defence Ltd.

Ken Research announced its latest publication on India Ballistic Protection Market Outlook to 2021 - Rising Defence Expenditure and Growing Exports to Shape the Future” The report covers various aspects such as overall size of the ballistic protection market in terms of value and volume, segmentation on the basis of types of products, domestic sales and exports and others. The report also covers future outlook and projections of the industry. Additionally, the report offers prevalent trends, developments and challenges in industry and SWOT analysis of the current market. The report also covers the competitive landscape of the industry and comprehensive profile of leading players operating in the market. The report also serves as a benchmark for existing players and every new player who wish to capitalize the market potential and investors who are looking forward to venture into the ballistic protection market in India.

Personal ballistic protection equipment includes reinforced clothing for a user to wear and protect him from bullets or other shrapnel that may cause harm to the individual. The most commonly used personal ballistic equipment is bullet proof vest/ jacket. They are primarily used to protect the major part of the torso of the wearer, since it is the region of the body that offers the maximum target area for an assailant. Ballistic boots and shoes are also extensively used as they protect the feet from injuries and also help to maintain the temperature of the feet which is critical in high altitudes for the wearer. Bomb suits or demining suits, on the other hand are used by special cells of the armed forces or police forces. The market for these products is relatively smaller, since these equipments are used for special purposes. The current tender process to procure such equipments in India is very complex and long. Since individual states manage their own defence decisions and the state government rarely mentions their requirement until they finally come out with a tender, the tender process takes a long process and breaks to complete the final procurement and fund disbursal. Hence many domestic companies focus on exporting the products to other countries.

In FY’2016, the largest share in the personal ballistic protection market in India was countered by bullet proof vests. This considerable share has been witnessed owing to the fact that vests are the most commonly used form of protection gear. The risk of personal safety for VIPs and HNWIs has also led to a rise in the demand for these products, primarily bullet proof vests, which has been instrumental in helping this increase in demand.

“Increasing demand of ballistic protection in the country had increased its production in the country. The leading and the emerging companies should focus on the international market as huge demand for Indian ballistic products, especially vests is arising from foreign military and police forces. Large number of Indian companies are already supplying to significant number of clients all over the world. Entities such as British Armed Forces, US Department of Defense, United States Agency for International Development (USAID), United Nations Development Program (UNDP), Ghana Armed Force, Royal Thai Army and Royal Thai Navy, Japan Maritime self-defense forces and Nepalese army buy bulletproof jackets/vests in large quantities from Indian manufacturers.” according to the Research Analyst, Ken Research.

Key Topics Covered in the Report:

  • India Ballistic Protection Market Introduction and Size by value and volume
  • India Ballistic Protection Market Segmentation (By types of products and import and domestic production)
  • India Ballistic Vest/Jacket Protection Market size by value and volume
  • India Ballistic Vest/Jacket Protection Market Segmentation (By domestic sales and exports)
  • India Ballistic Boots Market size by value and volume
  • India Ballistic Blankets Market size by value and volume
  • India Ballistic Blankets Market Segmentation (By domestic sales and exports)
  • India Demining Suits Market size by value and volume
  • India Bomb Suits Market size by value and volume
  • India Ballistic Helmet Market size by value and volume
  • India Ballistic Helmet Market Segmentation (By domestic sales and exports)
  • Company Profile of Leading Players in India Ballistic Protection Market
  • SWOT analysis of India Ballistic Protection Market
  • India Ballistic Protection Market Future Outlook and Projections

Key Product Mentioned in the Report

  • Bulletproof Vest/Jackets
  • Ballistic Helmets
  • Ballistic Boots
  • Demining Suits
  • Bomb Suits
  • Ballistic/Bomb Blankets
  • Bulletproof Glass
  • Armored Vehicles

 Companies Covered in the Report

  • MKU
  • Indian Armor
  • TATA Advanced Material
  • Starwire
  • Shri Lakshmi Defence Ltd

For more information about the publication, refer to below link:

https://www.kenresearch.com/defense-and-security/weapon/india-ballistic-protection-market/54087-16.html

Related Reports:

https://www.kenresearch.com/defense-and-security/security-devices/india-electronic-security-market-2020/30045-16.html

Contact Us: 
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

...

Read more…

Long Government Tender Process and Corruption in the System Leads to Growing Export Volume of Ballistic protection Products from India: Ken Research

Posted on 18 October 2016 by KenResearch defense and security ,

Growing military strength and amplifying defence budget should drive the ballistic protection industry in the country with the bulk requirement of bulletproof vest, boots and helmets but current tender process is delaying the procurement.

The report titled “India Ballistic Protection Market Outlook to 2021 - Rising Defence Expenditure and Growing Exports to Shape the Future” provides detailed overview on the ballistic protection market in India and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for ballistic protection equipment manufacturers, industry consultants other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

The need for ballistic protection has been growing in India with the rise in threat of domestic and cross-border terrorism. Apart from terrorism, local extremist outfits such as Indian Mujahideen, Bodo militants, Maoist-Naxalite insurgency in several of its states has led to the deployment of military and paramilitary forces in these regions. As the casualties and fatalities from stray explosives and firings rise in these regions, the need for protective armour by the general public in these regions has been growing. Moreover, there is a constant demand from the armed forces in India, since the country’s borders are shared with China and Pakistan. The market size in for ballistic protection equipments in India has posted a CAGR of 5.4% over the period FY’2011-FY’2016.

In FY’2016, the largest share in the personal ballistic protection market in India was countered by bullet proof vests. This considerable share has been witnessed owing to the fact that vests are the most commonly used form of protection gear. Ballistic boots has contributed the second largest share in the overall market revenues in FY’2016. These boots are largely used by the military forces. Ballistic boots have been followed by ballistic helmets, which have captured the third largest revenue share in the ballistic protection market during FY’2016.

India’s personal ballistic protection market showcases promising prospects in the future as the market is estimated to grow at a CAGR of 12.5% over the period of FY’2017-FY’2021 in terms of sales volume in units. The government has sanctioned the order of to provide 1.8 lacs bulletproof jackets by the end of 2017. This has been projected to provide a considerable boost over the period FY’2016-2021.

Border tension between India and Pakistan and India and China is also increasing which will further raise the demand for other ballistic protection equipments such as ballistic helmets, boots, blankets and others over the period FY’2017-FY’2018. Further support to the market will be provided by fresh FDI inflows into the market and the growing demand of the ballistic protection products from the Indian government.

Key Product Mentioned in the Report

Bulletproof Vest/Jackets, Ballistic Helmets, Ballistic Boots, Demining Suits, Bomb Suits, Ballistic/Bomb Blankets, Bulletproof Glass, Armored Vehicles

Companies Covered in the Report

MKU, Indian Armor, TATA Advanced Material, Starwire, Shri Lakshmi Defence Ltd

For more information about the publication, refer to below link:

https://www.kenresearch.com/defense-and-security/weapon/india-ballistic-protection-market/54087-16.html

Contact:
Ken Research 
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204

...

Read more…