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Global Body Armor Market - Industry Trends and Forecast to 2028

FMCG

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Global Body Armor Market - Industry Trends and Forecast to 2028

  • FMCG
  • Upcoming Report
  • Apr 2021
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Body Armor Market, By Level (Level I, Level IIA, Level II, Level IIIA, Level III, and Level IV), Application (Defense, Law Enforcement Protection, and Civilians), Material (Steel, UHMWPE, Aramid, Composite Ceramic, Alumina, Silicon Carbide (SiC), Ceramic-metal Composite, Boron Carbide, and Others), Product (Soft, Hard, and Accessories), Style (Style, Hard, and Accessories), End User (Military, Civilian), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027

Body Armor Market Market Analysis and Insights of Body Armor Market

Data Bridge Market Research analyses that the body armor market will witness a CAGR of 4.53% for the forecast period. Increasing expenditure along with advancements in technologies in the defence and military equipment’s are some of the factors attributable to the growth of the body armor market.  

Body armor is a combination of vest, helmet and shields that is worn especially by soldiers to protect themselves against penetrating attacks or bullets or any other kind of weapon. Traditionally designed for military personnel, the body armors are rousingly being adopted by security guards, law enforcement officers and civilians in some cases.  

Rising demand for protective equipment by the civilians owing to the growing terrorism and anti-national activities is one of the major factors fostering the growth of the body armor market. Increasing expenditure on the defence and military equipment by the government will further bolster growth of the body armor market. Rising technological advancements to develop sustainable protective equipment by the major key players will further create remunerative market growth opportunities for the market.

However, pertaining to the economic crises in many countries, not every government can afford to invest into advanced protective equipment such as body armor. The after effects of recession have gulped the growth rate of many industries and thus, it has negatively impacted the body armor market.

This body armor market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on body armor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Body Armor Market Scope and Market Size

The body armor market is segmented on the basis of level, application, material, product, style and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of level, the body armor market is segmented into level I, level IIA, level II, level IIIA, level III, and level IV.
  • On the basis of application, the body armor market is segmented into defense, law enforcement protection, and civilians.
  • On the basis of material, the body armor market is segmented into steel, UHMWPE, aramid and composite ceramic. Composite ceramic is further sub-segmented into alumina, silicon carbide (SIC), ceramic-metal composite, boron carbide, and others.
  • On the basis of product, the body armor market is segmented into soft, hard, and accessories. Soft product is further sub-segmented into plates & inserts, and shields. Hard product is further sub-segmented into plates & inserts, shields. Accessories segment is further sub-segmented into carrier, helmets, and others.
  • On the basis of style, the body armor market is segmented into style, hard, and accessories.
  • On the basis of end user, the body armor market is segmented into military and civilian.

Body Armor Market Country Level Analysis

The body armor market is analyses and market size, volume information is provided by country by level, application, material, product, style and end user as referenced above.

The countries covered in the body armor market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America region is set to project substantial gains and continue its trend of dominance during the forecast period. This is because of the presence of large number of defense agencies and security agencies spread across countries in this region. However, it is Asia-Pacific, which is set to record the highest CAGR for the forecast period. Rising focus by the government to empower defence and military sector is one of the major factors fostering market growth in this region. India, China and South Korea are the major contributors from this region.

The country section of the body armor market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Body Armor Market Share Analysis

The body armor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to body armor market.

The major players covered in the body armor report are DuPont, Honeywell International Inc., AEGIS Engg., Armored Republic, LLC., BAE Systems., Ballistic Body Armour Pty, Craig International Ballistics Pty. Ltd., Hellweg International, 3M, Kejo Limited Company, Pacific Safety Products, Point Blank Enterprises, Inc., Safariland, LLC., ELMON, U.S. ARMOR CORPORATION., EnGarde body armor, Bluewater Defense, Inc., Sarkar Tactical, Avon Protection., and Survitec Group Limited among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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