Body Armor Market Share, Industry Growth Analysis, Revenue, Size, Report 2022-2027
According to the latest report by IMARC Group, titled “Body Armor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global body armor market is expected to exhibit a CAGR of 5.29% during 2022-2027.
Report Metric
Historical: 2016-2021
Base Year: 2020
Forecast Year: 2022-2027
Body Armor Industry Definition and Application:
Body armor, also known as personal armor, is safety equipment worn by soldiers to safeguard themselves on the battlefield. It includes hard and soft plates that protect the body against fragmentation and piercing ammunition. It is manufactured using different materials, such as steel, ceramic, aramid, ultra-high molecular weight polyethylene (UHMWPE), and duritium due to their superior hardness, elasticity, low density and dielectric constant, high compressive strength, and excellent vibration damping. It provides high resistance to chemicals, water, ultraviolet (UV) rays, and flex fatigue. It is widely used to protect soldiers from bullets and help absorb the impact of firearms. At present, body armor finds extensive application in military, police, and security services worldwide to provide protection against handguns and edged weapons.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Body Armor Market Trends and Drivers:
The latest technology used in manufacturing safety equipment and the increasing availability of lightweight armors across the globe represents one of the key factors driving the market. For instance, technological evolution in UHMWPE fibers and emphasis on relevant energy absorbing mechanisms in fabrics, polymeric laminates, and ceramics are improving the robustness and multi-strike performance of body armors. Military forces of various countries are incorporating modern protective gears to boost confidence and trust among soldiers. This, coupled with the increasing emphasis on light, thin, and soft body armors for armed forces, is propelling key players to introduce more advanced product variants in the market. Apart from this, increasing incidents of bank robbery and criminal attacks are catalyzing the demand for highly protective body armors to protect security guards and officials from possible dangers, such as knives, animals, exposure to harmful chemicals, and accidents. In line with this, the introduction of special coatings made of chitin in the body armors to make them withstand bullets, poison gas, microbes, and lasers, is creating a positive market outlook.
Furthermore, body armors that prevent heavy odor issues, which may lead to muscle skillet issues and impair mobility and task performance, are gaining immense traction across the globe. The growing demand for double-sided combat outfits and modular tactical vests is stimulating the market growth. Additionally, leading market players are focusing on launching product variants made from completely sustainable and recyclable materials, which is influencing the market positively. Moreover, the growing terrorism and anti-national activities are increasing the need for protective equipment. Governments of various countries are increasing their defense budgets and incentivizing homemade lightweight body armors, which is anticipated to propel the market growth.
Global Body Armor Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Armored Republic LLC., BAE Systems Plc, Ballistic Body Armor Pty, Craig International Ballistics Pty. Ltd., Hellweg International PTY Ltd., Honeywell International Inc., Kejo Limited Company, Pacific Safety Products Inc, Point Blank Enterprises Inc., Safariland LLC. (Maui Acquisition Corp.), The 3M Company and U.S. Armor Corporation.
The report has segmented the market on the basis on region, product type, type, level, material and application.
Breakup by Product Type:
Soft Armors
Plates and Inserts
Shields
Hard Armors
Plates and Inserts
Shields
Helmets
Others
Breakup by Type:
Covert
Overt
Breakup by Level:
Level II
Level IIA
Level III
Level IIIA
Level IV
Breakup by Material:
Steel
Ultra-High Molecular Weight Polyethylene (UHMWPE)
Aramid
Composite Ceramic
Aluminium Oxide
Boron Carbide
Silicon Carbide
Others
Others
Breakup by Application:
Military
Civil
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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