The global body armor market is expected to grow at a CAGR of approximately 5.6% in terms of value by 2026, According to Acumen Research and Consulting.
Body armor are majorly used to protect the human body from any kind of attack. It is simply a cloth that which is used to bounce back or absorb attacks from gunfire.Body armor were generally used by soldiers, however in recent times it is also provided to police, and security guards in order to provide protection against any kind of attacks. The standards for body armors are set by National Institute of Justice (NIJ) and Home Office Scientific Development Branch (HOSDB).
The market research study on “Body Armor Market (By Level: Level 1, Level 11A, Level 11, Level 111A, Level 111, Level 1V; By Application: Defense, Law Enforcement Protection, Civilians; By Material: Steel, UHMWPE, Aramid, Composite Ceramic [Alumina, Silicon Carbide, Ceramic-metal Composite, Boron Carbide]; By Product Type: Soft Armor [Plates & Inserts, Shields], Hard Armor [Plates & Inserts, Shields], Accessories [Plates & Inserts, Shields]; By Product by Style: Covert, Overt) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026” offers a detailed outlook, strategic recommendations, and insightful viewpoints on the global body armor market. The report also analyzes the key players operating in body armor market and identifies the key strategies deployed by them along with the market share of leading players. The global body armor market is segmented as below:
Body Armor Market by Level
Body Armor Market by Application
Body Armor Market by Material
Body Armor Market by Product Type
Body Armor Market by Product by Style
Body Armor Market by Geography
Increased focus regarding the safety of soldiers in order to ensure their longer survival is the major driving factor for global body armor market. Moreover, the unavailability of ballistic defense armors and upsurge in unpredictable war situation in countries, such as India, Pakistan, South Korea, China, and Iraq also supports the growth of body armor market. In addition, the technological advancement resulting in the introduction of new products such as military modular tactical vests also boosts the demand for body armor globally. However, the reduced spending on military protection products by countries such as U.S. and UK due to the effects of recession hampers the growth of body armor. Moreover, the growing focus on the reduction of body armor weight has resulted in the degradation of its quality, thereby declining the sale of body armor products in many countries. Nevertheless, the on-going research for the development of body armors through nano materials offers huge growth opportunities for the market during the forecast period.
Body armor market has been segmented based on level, application, material, product type, and product by style.Based on level the market has been segmented into level I, level II, level IIA, level III A, level III, and level IV. On the basis application, the market for body armor has been divided as defense, law enforcement protection, and civilians. Steel, UHMWPE, Aramid, composite ceramic including alumina, silicon carbide, ceramic-metal composite, and boron carbide are the material segmentation for body armor market. Based on product type, the market has been segmented as soft, hard, and accessories. On the basis of product by style, the body armor market has been bifurcated as covert, and overt.
North America was the largest revenue generator for global body armor market in 2013 owing to the large scale government initiated programs such as Soldier Protection System-Torso and Extremity Protection (SPS-TEP) which aims to provide body armors to its soldiers.
Some of the leading companies operating in the global body armor market include Point Blank Enterprises, Inc.; Aegis Engineering Ltd.; Ballistic Body Armor Pty; AR500 Armor; BAE Systems; Craig International Ballistics Pty Ltd.; Kejo Limited Company; Ceradyne, Inc.; Hellweg International;Pacific Safety Products; and Safariland, LLC.