However, increasing terrorist activities and anti-nationalist activities have led to incessant adoption of body armor for defense and law enforcement protection applications. Body Armor Market - Growth, Trends, and Forecasts (2020 - 2025). The aftereffects of the global recession had a negative influence on global military spending, driving down the industry growth opportunities in the recent past. The market is expected to grow at a CAGR of 5% during the forecast period of 2020-2025. This report also incorpZorates a list of major… The development of new and advanced body armors, like soldier exoskeletons, by companies, like Rostec, is expected to generate a huge demand in the future. This growth may be propelled by countries, like China and India, which currently have the highest number of active military personnel. The report provides key statistics on the market status of the Body Armor manufacturers and is a valuable source of guidance and direction for companies and ind. North America dominated the body armor market with a share of 33.4% in 2019. The global body armor market size was valued at USD 2.1 billion in 2018 and is expected to expand at a CAGR of 5.5% from 2019 to 2025. The evolution of warfare has largely become asymmetric in nature and includes counter-terrorism and counter-insurgency. It is used as protective clothing, designed to absorb and for bludgeoning, to deflect slashing, and penetrating attacks by weaponries. VR/AR can assist in e-learning, for which the demand will surge owing to the closure of many schools and universities. b. These armors are well-suited for police forces and offer protection against 9mm full metal jacket rounds and .40 Smith & Wesson (S&W) ammunition. A thorough study of the competitive landscape of the Body Armor Market has been given, presenting insights into the company profiles, financial status, recent developments, mergers and acquisitions, and the SWOT analysis. North America dominated the global body armor market in 2018. What are the factors driving the body armor market? Tactical Assault Light Operator Suit (TALOS) is a prominent example of hi-tech personal safety armor. 3.3.2 Hard armor expected to constitute the second largest segment in the body armor and personal protection market 30 3.3.3 Market size of protective headgear segment expected to rise at a CAGR of XX% during the forecast The body armor market is expected to record a CAGR of over 3.5% during the forecast period (2020-2025). This may generate further demand for body armors and related accessories. All Rights Reserved to Mordor Intelligence. April 2019 | Report Format: Electronic (PDF) Body Armor Market Growth & Trends. Design an exclusive study to serve your research needs. Copyright © 2020 Grand View Research, Inc. All rights reserved. Request discounts available for Start-Ups & Universities. Analysis Report on Body Armor Market A report on global Body Armor market has hit stands. The global body armour market attained a value of USD 2.5 billion in 2019. Based on the Body Armor industrial chain, this report mainly elaborate the definition, types, applications and major players of Body Armor market in details. For this study, Grand View Research has segmented the global body armor market report based on level, application, material, product by type, product by style, and region: Level Outlook (Revenue, USD Million, 2014 - 2025), Application Outlook (Revenue, USD Million, 2014 - 2025), Material Outlook (Revenue, USD Million, 2014 - 2025), Product by Type Outlook (Revenue, USD Million, 2014 - 2025), Product by Style Outlook (Revenue, USD Million, 2014 - 2025), Regional Outlook (Revenue, USD Million, 2014 - 2025). The body armor market is highly fragmented, with many players holding small shares of the market, owing to their presence in various geographical locations. Steel; Ultra-high-molecular-weight polyethylene (UHMWPE) Composite Ceramic Key players dominating the market include Aegis Engineering Ltd.; AR500 Armor; BAE Systems; Ballistic Body Armor Pty; Craig International Ballistics Pty Ltd.; Ceradyne, Inc.; Hellweg International; Kejo Limited Company; Pacific Safety Products; Point Blank Enterprises, Inc.; and Safariland, LLC. The increasing need for providing defense suits with enhanced ballistic and stab resistance for soldiers is one of the primary drivers of the segment growth. Body Armor Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Body Armor industry with a focus on the Chinese market. We are in compliance with GDPR & CCPR norms. Overt body armors are worn on the top of the clothing and are often bulkier and heavier as they are engineered using various layers of Kevlar. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". A large-scale modernization of traditional systems in emerging economies and increasing instances of warfare and border disputes in the Asia Pacific countries such as India, China, and South Korea are driving the demand for body armors in Asia Pacific. Level I; Level IIA; Level II; Level IIIA; Level III; Level IV ; By Material Type. This resource can be used for numerous purposes and will be updated on a regular basis. All interactions are confidential. This research report will give a clear idea to readers about the overall market scenario to further decide on this market projects. The insurance industry is expected to confront the pressure associated with cost-efficiency. Majority of the players are based in North America. Explore purchase options. We never share your personal data. Report Summary. Global Body Armor Market: Scope of Report The study provides a decisive view on the global body armor market, by segmenting the market in terms of type, material, and application. It has been adopted by the United States Special Operations Command (USSOCOM). It was historically used to defend military workers, while protecting numerous kinds of police (riot police in specific), private security guards, private citizens, or bodyguards. Continuous innovations in materials and manufacturing technologies have led to the advent of advanced textile materials, such as Kevlar and nylon, which can be used to produce lightweight armor with improved ballistic protection capabilities. It also offers a higher level of protection as compared to the softer product variants. Increasing focus of defense agencies on ensuring soldier survivability is driving the demand for personal safety equipment and suits Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) solutions are anticipated to substantially contribute while responding to the COVID-19 pandemic and address continuously evolving challenges. Size, restraints, challenges, current trend, and opportunity are some of the other factors which are also included in the report. Body armors have been upgraded constantly from the use of easily accessible materials, such as natural fibers made from silk, cotton, and thatch (which are woven in textile forms), to various metals, such as iron, steel, and copper (which are used in chainmail and plate forms), and further to the technologically complex variants that are being currently used by law enforcement and armed services. Global Body Armor Market Research Report 2019-2029. This is anticipated to drive the body armor market in the future. Summary ICRWorlds Body Armor market research report provides the newest industry data and industry future trends, allowing you to identify the … This report provides forecasts for revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. 4.4.1 Bargaining Power of Buyers/Consumers, 7. that helps absorb the impact and reduce or stop penetration to the body from firearm -fired projectiles - and shrapnel from explosions, and is worn on the torso. The Global Body Armor market is anticipated to reach USD 4.83 billion by 2026 according to a new research report. For instance, Combatiente Futuro of Spain, Soldier Modernization Program - SMP of the Netherlands, NORMANS of Norway, Soldado do Futuro of Portugal, IMESS of Switzerland, MARKUS of Sweden, FIST of Belgium, Projekt TYTAN of Poland, and 21st Century Soldier of the Czech Republic, among others, are the current future soldier programs taking shape in Europe. Down Range Industries manufactures the highest of quality and most affordable AR500 Body Armor, Trauma Pads, Steel Targets and Kydex Holsters. Addition or alteration to country, regional & segment scope. In addition to news and developments in the body armor industry we are also centralizing information on all body armor manufacturers right here. Such modernization activities are opening up new avenues for the industry participants and are leading to the formation of a contractual environment with military agencies. However, the industry is highly susceptible to the effects of existing economic conditions. DecisionDatabases.com, recently added a new report to its database. b. Research Corridor new comprehensive study on body armor market offers in-depth analysis on industry trends, market size, competitive analysis and market forecast - 2020 to 2027. Furthermore, demand in the civilian application segment is anticipated to increase significantly over the forecast period owing to a rise in burglaries, home invasions, and robberies, which are driving the demand for armor suits among the general public. Body Armor Market Size & Share, Industry Report, 2019-2025. With the increase in terrorism and hostile activities around the world, various armed forces and law enforcement agencies are procuring body armors and accessories, which is currently driving the market. To understand key trends, Download Sample Report. Due to the use of Kevlar, overt body armors are able to offer a higher level of protection from large spikes/blades and heavy gunfire. BAE Systems PLC, Safariland LLC, DuPont, Honeywell International Inc., and ArmorSource LLC are a few prominent firms benefitting from the geographical advantage. Also Understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. The growth of this segment can be attributed to a surge in demand in the law enforcement application segment. Which segment accounted for the largest body armor market share? The level II segment is anticipated to exhibit a noticeable CAGR of 6.1% from 2019 to 2025. The global body armor market is expected to grow at a compound annual growth rate of 5.5% from 2019 to 2025 to reach USD 3,022.2 million by 2025. b. Key factors that are driving the body armor market growth include continuous innovation of new materials for better ballistic resistance and increasing demand for ensuring soldiers’ safety and survivability across the world. Please fill out the form below for a free PDF report sample & Historically, its use was mostly limited to the military sector, but nowadays it is often used by the police, security guards and civilians as well. Global Body Armor Market – Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026 Request for Customization Inquiry Before Buying Report Details Privacy Policy. The body armor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2015 to 2025 for the following segments: By Level. Industry market research reports, statistics, analysis, data, trends and forecasts. To understand geography trends, Download Sample Report. This report studies Body Armor in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This study is based on different aspects like segments, growth rate, revenue, leading players, regions, and forecast. Demand for level IIA is also anticipated to increase over the forecast period. What is the market size of the Body Armor Manufacturing industry in the US? The global body armor market size is expected to reach USD 3.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% over the forecast period. European countries such as Italy and U.K. witnessed a reduction in military spending since 2008, owing to macroeconomic conditions. Body Armor Materials Market Size, Type Analysis, Application Analysis, End-Use Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2019-2026 ID : ME_051771 Format : PDF September, 2019 Pages : 143 MARKET OPPORTUNITIES AND FUTURE TRENDS. Global “Body Armor Market” Report (2020 - 2024) prime objective is to help the user to understand Global and Regional Analysis of the Body Armor Industry. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. This benefit makes it ideal for use by a very important person (VIP) and security staff who do not prefer showcasing the armor. The body armor market is expected to record a CAGR of over 3.5% during the forecast period (2020-2025). Rapid escalations across sensitive borderlines and cross-border terrorist insurgencies are creating a requirement for body armor. The lightweight feature particularly enhances the mobility and response time of security personnel, law enforcement officers, and military troops. Countries, like Germany, India, and Japan, are expected to increase their military recruitments, in order to recover from the shortages in military personnel. The overt segment dominated the market in 2018 and is projected to continue its domination over the forecast period. The level II panel offers protection against 9-mm handguns, 44 magnums, and 9-mm sub-machine guns, and is lightweight in nature. Usage of nanotechnology materials and fibers for manufacturing lightweight and flexible armors is one of the recent trends benefitting the market expansion. Body Armor Market By Material Type - Steel, UHMWPE, Aramid, Composite Ceramic, Others; By Product Type - Soft, Hard, Accessories; By Application - Defence & Security Personnel, Law Enforcement Officers, and Civilians. The composite ceramics segment dominated the market in 2018 in terms of revenue. Body Armor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027 Body Armor Market Size, Share & Trends Analysis Report By Level, By Application (Law Enforcement Protection, Defense), By Material, By Product By Type, By Product By Style, By Region, And Segment Forecasts, 2019 - 2025 However, due to the increasing requirements in the Asia-Pacific and Middle-East and African regions, expansion of major players into these regions may enable them to increase their presence in the market during the forecast period. Body armor is also known as personal armor/armour. Avail customized purchase options to meet your exact research needs. The global body armor market size was valued at USD 2.1 billion in 2018 and is expected to expand at a CAGR of 5.5% from 2019 to 2025. For instance, private security guards and policemen consider a soft armor to be their ideal choice. This report studies the global Body Armor market status and forecast, categorizes the global Body Armor market size (value & volume) by manufacturers, type, application, and region. Covert type is expected to witness the highest growth over the forecast period. The overall market is getting bigger at an increased pace due to the invention of the new dynamism, which is making rapid […] The Body Armor market revenue was xx.xx Million USD in 2013, grew to xx.xx Million USD in 2017, and will reach xx.xx Million USD in 2023, with a CAGR of x.x% during 2018-2023. Its main purpose is to absorb or deflect slashing hit and penetrate attacks. Increasing focus of defense agencies on ensuring soldier survivability is driving the demand for personal safety equipment and suits. Global Body Armor Market: Overview This comprehensive report by Transparency Market Research analyzes and forecasts the body armor market at the glob Technological advances and introduction of innovative products such as modular tactical vests and military modernization programs such as the U.K.’s Future Infantry Soldier Technology (FIST) program and France’s FELIN program are the key factors driving the market. The surge in military warfare is propelling the need for ballistic protection equipment for safeguarding the army personnel. The global body armor market size was estimated at USD 2,196.2 million in 2019 and is expected to reach USD 2,317.7 million in 2020. b. Some key players operating in the body armor market include Aegis Engineering Ltd.; AR500 Armor; BAE Systems; Ballistic Body Armor Pty; Craig International Ballistics Pty Ltd.; Ceradyne, Inc.; Hellweg International; Kejo Limited Company; Pacific Safety Products; Point Blank Enterprises, Inc.; and Safariland, LLC. Currently, the military segment of the body armor market has the largest market share, and it is expected to continue its dominance during the forecast period. The Global market for Body Armor Parts is estimated to grow at a CAGR of roughly X.X% in the next 8 years, and will reach USD X.X million in 2027, from USD X.X million in 2020. Revenue in USD million and CAGR from 2019 to 2025, Revenue forecast, company share, competitive landscape, growth factors and trends, Level, application, material, product by type, product by style, region, North America; Europe; Asia Pacific; South America; Middle East & Africa, U.S.; Canada; Mexico; Germany; U.K.; France; Russia; Italy; China; Japan; India; South Korea; Australia; Brazil; Saudi Arabia; Israel; UAE, Aegis Engineering Ltd.; AR500 Armor; BAE Systems; Ballistic Body Armor Pty; Craig International Ballistics Pty Ltd.; Ceradyne, Inc.; Hellweg International; Kejo Limited Company; Pacific Safety Products; Point Blank Enterprises, Inc.; Safariland, LLC. Click here. online dashboard trial. Government military programs such as the Soldier Protection System-Torso and Extremity Protection (SPS-TEP) program for providing full body armors to armed forces are anticipated to incite the growth of the regional market. We stand by our report quality. With the increase in terrorism and hostile activities around the world, various armed forces and law enforcement agencies are procuring body armors and accessories, which is currently driving the market. When compared with the overt kind, covert armor can be worn comfortably beneath a regular clothing or a standard uniform. Manifold advantages such as better ballistic resistance, higher performance, and lightweight as compared to steel plates are propelling the demand for use of composite ceramic materials in body armor. The need for providing personal protection to ground troops in the region, in addition to investments by different governments to acquire arms and personal protection equipment, is expected to improve the growth prospects for the regional market. The report covers accessories like helmets, shoes, shields, and hand and leg protection gears, among others. It features titanium, steel, or ceramic plates that are able to withstand high-caliber ammunition. Free report customization (equivalent up to 8 analysts working days) with purchase. The shortage of ballistic protection suits and rise in asymmetric warfare in various countries, such as South Korea, Iraq, and India, is further accelerating the industry growth.
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