Body Armor Market to Grow at a CAGR of 5.6% by 2026

Author: Acumen Research and Consulting

According to a new report published by Acumen Research and Consulting titled 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”, the global market for body armor is estimated to grow at a rate of 5.6% during the forecast period. Among the major factors responsible for this astounding growth are the increasing focus on the safety of armed forces in countries such as U.S., India, and China. Moreover, the upsurge in terrorist activities in nations such as India, U.S., Pakistan, Iraq, and UK boosts the growth of body armor market.In addition, the technological advancement towards the introduction of new body armor products such as military modular tactical vests in order to increase the survival of soldiers supports the growth of body armor market globally. However, the after effects of recession resulting in the reduced spending on military forces by countries such as UK, and U.S. is likely to hamper the market growth of body armors.In addition, the constant focus on reducing the weight of the body armors is the major challenges faced by the body armor market.Nevertheless, the on-going research to manufacture body armors using nano materials offers growth opportunities for body armor market during the forecast period.

Body armors are clothes used for the protection and safety of armed forces. Earlier, the soldiers only used it, however nowadays it is also used by guards and police officers as they ensure safety against attacks from guns and bullets.

North America accounted for major share of body armor market

The market for body armor has been segmented by region as North America, Europe, Asia Pacific and Rest of the World. North America was the largest market for body armor in 2013 due the increased focus of government in the region on ensuring the safety of their soldiers. Also, the unpredictable terrorist attacks in the region in last couple of years have resulted in the growth of body armor in the region. However, the region is witnessing a reduced military spending by countries such as U.S. owing to the after effects of recession.

Asia-Pacific is anticipated to be the most lucrative market for body armor to throughout the forecast period on account of rising number of terrorist attacks in countries such as India, Pakistan, China, and Singapore.

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Level IIto be the most lucrative segment of body armor market

Based on level the market has been segmented into level I, level II, level IIA, level III A, level III, and level IV. During the forecast period, level II is anticipated to be the most lucrative segment as it offers safety against attacks from 44 magnums, 9-mm handguns, and 9-mm sub-machine guns unlike the other levels of body armor. In addition, level II is also preferred as they are lightweight compared to other levels. The growth of level II is also supported by the upsurge in its demand from law enforcement protection application.

Composite ceramicsdominated the body armor market

Based on material, the body armor market has been segmented as steel, UHMWPE, aramid, and composite ceramic. Composite ceramic has been further sub-segmented into alumina, silicon carbide, ceramic-metal composite, and boron carbide. The composite ceramic segment held the largest market share of body armor market in 2013, as the body armors made from ceramic composite are lightweight compared to other materials. Composite ceramic body armors also offers superior ballistic protection, and hence they are in high demand for the manufacture of body armors.

Soft body armors to be the most lucrative segment during the forecast period

Based on product type, the body armor market has been bifurcated into soft armor, hard armor, and accessories. The soft body armors are projected to be the most lucrative segment during the forecast period as they offer flexibility compared to hard body armors.

Some of the leading companies operating in Body Armor market include Ballistic Body Armor Pty; AR500 Armor; Point Blank Enterprises, Inc.; Aegis Engineering Ltd.; BAE Systems; Craig International Ballistics Pty Ltd.; Hellweg International; Kejo Limited Company; Ceradyne, Inc.; Pacific Safety Products; and Safariland, LLC.. These key players are actively involved in technological development in order to enhance the features of the body armors. These players have also adopted the strategies such as merger and expansion in order to compete in the global body armors market.

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