Global Body Armor Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global body armor market in its upcoming report titled, “Global Body Armor Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global body armor market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global body armor market report has been segmented on the basis of product type, material, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Body Armor is a type of clothing wore for protection from penetrating attacks done by a bullet, or any kind of weapon. Traditionally, body armor was used only by military personnel, currently it is being used by civilians, law enforcement officers and security guards. There are different types of body armors used according to the requirements of users. Body armor includes combat helmets, shields, ballistic vests, etc.
Increasing demand for protective gear for personnel defense, owing to anti-national activities and growing terrorism worldwide are factors anticipated to fuel the growth of the market. Increasing adoption of technologically advanced body armor in military and security services such as light weight and more functional body armor, expected to boost the demand and drives the growth of the global body armor market. New innovations and introduction of additional features with more advanced designs and customization by manufacturers is also propelling the growth of the global market. Rising security concerns by civilians, law enforcement departments and security agencies also expected to bolster the demand for body armors, are driving the growth of the global market.
However, economic crisis conditions in many countries and less budgetary allocation for defense sector, especially in European countries such as UK, Germany, etc. may hamper the demand and restrain the growth of the global body armor market.
Development of more sustainable and mobile body armor can create revenue opportunities for target players in the market. In addition, rising social unrest and border disputes between countries can create higher revenue opportunities for growth of the body armor market.
The market in North America accounts for largest market share in terms of revenue and is expected to maintain its dominance over the forecast period, owing to the presence of large amount of defense and security agencies in the region. The market in Asia Pacific is expected to account for a second-highest market share in terms of revenue over the forecast period, owing to growing security concerns and increasing demand for armors in the region.
Global Body Armor Market Segmentation:
Segmentation by product type:
- Type 1
- Type 2a
- Type 2
- Type 3a
- Type 3
- Type 4
Segmentation by material:
- Composite Ceramic
- Ultra-high-molecular-weight polyethylene (UHMWPE, UHMW)
- Others (Para-aramid Fiber, Fiberglass, Graphene, etc.)
Segmentation by application:
- Law Enforcement
- Others (Civilians, Security Guards, etc.)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Aegis Engineering Limited
- AR500 Armor
- BAE Systems plc
- Ballistic Body Armour (Pty) Ltd
- Craig International Ballistics Pty Ltd.
- Hellweg International
- Kejo Limited Company
- Pacific Safety Products Inc.
- Point Blank Enterprises, Inc.
- Safariland, LLC
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