Bomb Suppression Blanket Market Growth, Trends and Forecast by 2031

MARKET OVERVIEW

While technical improvements have improved residents' comfort levels, it have also been exploited to support terrorism. It has resulted in an increase in demand for bomb-suppression blankets and other counterterrorism and blast inhibitors. With governments' heightened preparedness to combat terrorism, the purchase of bomb suppression blankets has climbed by a factor of ten in recent years. Apart from deterring terrorist attacks, bomb suppression blankets are also effective in mines, where they guard against planned explosions. In addition, they are commonly employed by the military in their training to avoid errors. Because of their increased utility, bomb suppression blanket sales are likely to skyrocket.

MARKET SCOPE

The "Global Bomb Suppression Blanket Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Bomb Suppression Blanket market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading Bomb Suppression Blanket market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type, the market is segmented into THREAT LEVEL 1: FRAGMENT VELOCITY 400 M/SEC V50 STANDARD and THREAT LEVEL 2: FRAGMENT VELOCITY 500 M/SEC V50 STANDARD
  
•   Based on application, the market is segmented as armed forces and land forces.
  

MARKET DYNAMICS

Drivers

o Growing Incidents of Terrorism.
o Increased military spending has an impact on the sale of bomb-suppression blankets.

Restraints:

o Concerns Regarding the Durability of the Blankets

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Bomb Suppression Blanket market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Bomb Suppression Blanket market in these regions

IMPACT OF COVID-19 ON BOMB SUPPRESSION BLANKET MARKET

The upstream supply side of bomb suppression blankets is being impacted more than the demand side as a result of the Covid-19 pandemic. According to this, demand was strong throughout the period, while supply was low due to production interruptions and operational halts in several countries. Despite the global coronavirus pandemic and economic slowdown, total military expenditure climbed by 2.6 percent in 2021, reaching nearly $2 trillion, according to a research issued by the Stockholm International Peace Research Institute (SIPRI). While governments around the world boosted their healthcare budgets by a factor of ten, they did not compromise on their country's security, which kept demand afloat.

MARKET PLAYERS

The report covers key developments in the Bomb Suppression Blanket market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Bomb Suppression Blanket market are anticipated to lucrative growth opportunities in the future with the rising demand for Bomb Suppression Blanket in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Bomb Suppression Blanket market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   AV2 Group
  
•   SDMS Security Products
  
•   United Shield International
  
•   Holdfast Systems
  
•   Zafar-Azfar & Co.
  
•   ASL Group,
  
•   MKU Limited
  
•   Armormax
  
•   Fortress Pacific Corporation
  
•   PKI Electronic Intelligence GmbH
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Bomb Suppression Blanket Report Scope