As per this study the Global Body Armor Market was valued USD 3.55 BN (by revenue) in 2022 and is anticipated to reach USD 6.38 BN by 2030 with a CAGR of 7.6%.
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.
Market Dynamics
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.
Market Segmentation
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.
By Protection Level
- Level II
- Level IIA
- Level III
- Level IIIA
- Level IV
By End-user
- Defence
- Law Enforcement & Security Personnel
- Civilians
By Product Type
By Product Style
Regional Analysis
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 Safariland, LLC, Point Blank Enterprises, Inc., Elmon SA, Ballistic Body Armor Pty, Pacific Safety Products Inc., EnGarde Body Armor, Hellweg International Pty Ltd., BAE Systems plc, Ceradyne Inc., Avon Protection plc, Sarkar Tactical Ltd., Craig International Ballistics Pty Ltd., Armored Republic LLC. 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.
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