Ballistic and ancillary protective gear market to grow at a CAGR of 5.8%

The US ballistic and ancillary protective gear market was valued at $1.3 billion in 2010 and has been predicted to reach $1.4 billion in 2012.

By 2019 the value of the ballistic and ancillary protective gear market is expected to have increased further, growing at a compound annual growth rate (CAGR) of 5.8% to be worth $1.9 billion.

At the present time, the ancillary protective gear market makes up about 59.8% of the total protective gear and armour market.

Ballistic and ancillary protective gear shows that advanced protective clothing and associated gear is an industry that plays a critical role in the protection of firemen, police officers, military personnel, and industrial workers.

The US protective head gear sector recorded a market value of $781 million in 2010 and in 2012 is expected to reach $860 million. Growing at a CAGR of 4.8% through to 2017, the market is estimated to reach a value of $1.1 billion.

The ballistic body and vehicle armour and gear sector in the US was valued at $508 million in 2010 and has been predicted to reach $587 million in 2012. By 2017 the market is expected to increase at a CAGR of 7.2% to hit $832 million come 2017.

With the supply chain being so complex, the ballistic and ancillary protective gear market looks set to remain a fragmented industry.