Global Body Armor Market Size & Share, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Body Armor Market


The global Body Armor market size is projected to reach US$ 3.22 billion by 2026, from US$ 2.34 billion in 2020, at a CAGR of 5.5% during 2021-2026. Increasing focus of defense agencies on ensuring soldier survivability is driving the demand for personal safety equipment and suits. 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.

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 Frances FELIN program are the key factors driving the market. Usage of nanotechnology materials and fibers for manufacturing lightweight and flexible armors is one of the recent trends benefitting the market expansion.

Surge in the military warfare is propelling the need for ballistic protection equipment for safeguarding the army personnel. Emerging economies such as India and China are persistently focusing on the replacement of legacy military equipment and are subsequently increasing their spending on the defense sector. Such modernization activities are opening up new avenues for the industry participants and are leading to the formation of contractual environment with military agencies.

However, the industry is highly susceptible to the effects of existing economic conditions. The aftereffects of the global recession had a negative influence on the global military spending, driving down the industry growth opportunities in the recent past. European countries such as Italy and U.K. witnessed a reduction in the military spending since 2008, owing to macroeconomic conditions. However, increasing terrorist activities and anti-nationalist activities have led to incessant adoption of body armor for defense and law enforcement protection applications.

Market Segmentation, Outlook & Viewpoint: Global Body Armor Market

Level Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Level I
  
Level IIA
  
Level II
  
Level IIIA
  
Level III
  
Level IV

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Defense
  
Law enforcement protection
  
Civilians

Material Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Steel

UHMWPE 

Aramid

Composite Ceramic

  
Alumina
  
Silicon Carbide (SiC)
  
Ceramic-metal Composite
  
Boron Carbide
  
Others

Others

Product by Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Soft

  
Plates & Inserts
  
Shields

Hard

  
Plates & Inserts
  
Shields

Accessories

  
Carrier
  
Helmets
  
Others

Product by Style Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Covert
  
Overt

Key Players, Recent Developments & Regional Insights: Global Body Armor Market

The defense segment accounted for the largest share of the overall revenue in 2018. Increasing need for providing defense suits with enhanced ballistic and stab resistance for soldiers is one of the primary drivers of the segment growth.

Defense agencies in developed countries such as U.S., Canada, and France are laying high emphasis on enhancing personal protection for armed forces and ground troops and are focusing on upgrading the conventional protective headgears and capabilities of body armors. 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.

Regional Insights

North America dominated the global body armor market in 2018. 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. The regions growth is further accelerated by higher military spending in countries such as U.S. and Canada.

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. 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.

Body Armor Market Share Insights

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.

Industry players are emphasizing on developing lightweight and hi-tech bodysuits for delivering enhanced comfort, flexibility, and performance. Tactical Assault Light Operator Suit (TALOS) is a prominent example of hi-tech personal safety armor. It has been adopted by the United States Special Operations Command (USSOCOM).

Key Insights Covered: Global Body Armor Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Body Armor industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Body Armor industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Body Armor industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Body Armor industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Body Armor industry.

Research Methodology: Global Body Armor Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other