Bomb Suppression Blankets Market to Expand at a CAGR of over 8%
While the technological advancements have been increasing the comfort levels of citizens, they have also been used for terrorism. It has led to a surge in demand for several counterterrorism and blast inhibitors, including bomb-suppression blankets. With the growing preparedness of governments to fight terrorism, the procurement of bomb suppression blankets have increased multifold in the recent past. It is further expected to grow at a significant pace in the years to come and shall garner incremental $ opportunity of more than US$ 90 Mn by 2031.
What is Driving Bomb Suppression Blankets Sales?
Apart from, inhibition of terrorist attacks, bomb suppression blankets are also useful in mines where they are useful in protection from scheduled blasts. Alongside, they are also being widely used by military in their training to prevent the mishaps. With their increasing utility, bomb suppression blanket sales is expected to surge to a significant degree.
In most of the cases, explosions happen before the neutralization of bombs is successfully achieved. One of the key benefits of using bomb suppression blankets is to protect explosives near the explosion prone area from the suspect blast. Also known as ballistic blankets, bomb suppression blankets are manufactured from high strength ballistic materials. Such materials enables them to shield targeted applications as well as in the mine clearance operations. These blankets can also be used as a portable temporary barrier for VIPs which are draped over windows to protect people in a barricade situation.
Besides, the new generation of bomb suppression blankets are being designed to be used by both unskilled as well as skilled personnel. They are also being widely used by explosive ordnance disposal (EOD) operators.
The application of bomb suppression blankets have been expanding as they are being installed at locations including airports, railway stations, cinema halls and other important destinations of gathering which the terrorist usually target. As airports, and railway stations are becoming more secure against terror attacks through the use of technology, they are also using the blast inhibiting products. Bomb suppression blankets are being used with ballistic containment rings which further reduces the impact of explosive devices.
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How Growing Military Budget Impact the Sales of Bomb Suppression Blankets
Military budget of a country is generally divided into components such as service personnel, equipment support, specialist military equipment, infrastructure, property and other equipment, civilian personnel, inventory, Trading, R&D and other miscellaneous expenditures. The procurement of safety products including bomb suppression blankets are covered under equipment support which constitutes between 15% - 19% of the total military budget. Although, bomb suppression blankets represent a very small proportion of this share its proportion has been increasing in the newer military budgets.
Varied Bomb Suppression Blankets for Different Threat Levels
Bomb suppression blankets are generally capable of handling six types of threats –ranging from those with a fragment velocity of 400 m/sec to those with fragment velocity of 650 m/sec. There has been a constant surge in demand of bomb suppression blanket blankets of 450 standard in commercial, residential, institutional buildings, military, and police force. However the demand for variants including 500 m/sec and 550 m/sec is also expected to witness significant growth.
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COVID-19 Hinder the Global Sales of Bomb Suppression Blankets
Amid Covid-19 pandemic, upstream supply side of bomb suppression blankets is more impacted than the demand side. This states that demand was high during the period, though the supply had contracted owing to the manufacturing disruptions and operational halt across the countries. While government across countries increased their healthcare budgets multifold, they did not compromise on their country’s safety against terrorist activities, which kept the demand a float.
U.S. and Canada Bomb Suppression Blankets Demand Outlook
The recent tussle of U.S. with China and Iran has led the U.S. government to make significant investments. The investment is not only towards their border security, but also for security inside the country boundaries. Since, the 9/11 attacks, the U.S. has been proactive towards the terrorist attacks and plans. This keeps country’s expenditure on equipment such as bomb suppression blankets aloft.
In 2019, U.S. had a military budget of US$ 732 Bn, the largest in the world. Military spending accounted for around 53% of the federal discretionary spending in 2019. Watching the moves of its foes, the country has been progressively increasing its military budget. These factors have been fueling the demand for bomb suppression blankets in the country.
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Asia Pacific Bomb Suppression Blankets Demand Outlook
With US$ 261 Bn military spending, China was the second largest military spender after the U.S. in 2019. The country has seen several neighboring and distant foes in the recent past which has led the country constantly increase its military budget over the years.
Its tussle with the U.S., India, Japan, South Korea, Vietnam, Malaysia, and Taiwan has encouraged the country not only to invest in traditional warfare mechanisms, but also in new technologies. The country’s People’s Liberation Army (PLA) ranks among the leading militaries equipped with artificial intelligence and anti-ship ballistic missiles. The country’s Strategic Support Force which was established during 2015, is engaged in channelizing electronic warfare, cyber warfare, and psychological operations. These factors expects the region to spend heavily in bomb suppression blankets in the coming future.
Besides, India which has been agile in military equipment and arms procurement, it has also started to export some of the military products, which also includes bomb suppression blankets. India recently announced export of bomb suppression blankets to Germany.
Who are the Key Manufacturers and Suppliers of Bomb Suppression Blankets?
Some of the key bomb suppression blankets manufacturers market include
- MKU Limited
- PKI Electronic Intelligence GmbH Germany
- U.S. Armor Corporation
- Fortress Pacific Corporation
- Holdfast Systems
- Armortek International
- ASL Group
- PKI Electronic Intelligence GmbH
- United Shield International Ltd.
- Aditya Techno Solutions
- SDMS Security Products
- Westminster International Ltd.
- Breton Industries Inc.
MKU is the leader in bomb suppression blankets market and its bomb protection equipment range from ballistic shields, to bomb suppression blankets to ballistic briefcase. While PKI offers its bomb suppression blankets in a size of 1.5*2 meters, MKU offers them in a size of 160*140 cm. On the other hand, Westminster offers in a size of 2*1.5 meters. Weight of bomb suppression blankets has also been one of the prime agenda for their manufacturers, as they have been striving to reduce their weight to enhance their portability. Increasing protection levels has been another factor that competitors have been focusing upon. For instance, Westminster highlights its 25 layers security of its bomb suppression blankets.
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Bomb Suppression Blankets Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
By Protection Level
- 400 m/sec
- 450 m/sec
- 500 m/sec
- 550 m/sec
- 600 m/sec
- 650 m/sec
- Below 5 kg
- 5-10 kg
- 12.5-15 kg
- 15-18.5 kg
- Above 18.5 kg
By Blanket Size
- 1m X 1m
- 1m X 1.5 m
- 1.5m X 1.5 m
- 2 X 1.5 m
- 2.5 X 1.5 m
By End Use
- Mining Sites
- Commercial Buildings
- Residential Buildings
- Nuclear Facilities
- Police Force
- Airports and Railway Stations
- North America
- US & Canada
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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