As per this study the Global Body Armor Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Body armor is a wearable material used to protect the entire body. They are available in the form of helmets, vests, shoes, shield or even the specific plates. Body armor is generally referred to as bullet proof or bullet resistant vest that is used to provide protection from bullets, stabs and a variety of attacks. Body armors are worn mostly by military personals, police officers and sometimes by security guards in order to feel safe and protect themselves from attacks.
The increasing demand for ensuring soldiers safety coupled with the enhanced ballistic and stab resistance attributes of armor have stimulated the body armor market growth. Moreover, the increasing recruitment of soldiers due to the rise in terrorism is again pushing the demand of body armor product. However, heavyweight and inadequate supply of armors in across the globe hinders the market growth. Whereas, advancements in armor product such as dragon skin and liquid body are expected to boost the market demand over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of body armor.
The broad body armor market has been sub-grouped into type, and purpose. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Soft and Hard Armor
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for body armor in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Body Armor Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the body armor market include ArmorSource LLC, ArmorSource LLC, BAE Systems, Bluewater Defense, Inc., DuPont, Elmon S.A, EnGarde Body Armor, Honeywell International Inc., Point Blank Body Armor, Inc., Safariland, LLC, Sarkar Defense Solutions, Survitec Group Limited, and U.S. Armor Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.