body armor industry report

Key factors that are driving the body armor market growth include continuous innovation of new materials for better ballistic resistance and increasing demand for ensuring soldiers’ safety and survivability across the world. The global body armor market size was valued at USD 1, 735.6 million in 2018 and is anticipated to grow at a CAGR of 4.9% during the forecast period. Body Armor Market - Growth, Trends, and Forecasts (2020 - 2025). In addition to news and developments in the body armor industry we are also centralizing information on all body armor manufacturers right here. Steel; Ultra-high-molecular-weight polyethylene (UHMWPE) Composite Ceramic Manifold advantages such as better ballistic resistance, higher performance, and lightweight as compared to steel plates are propelling the demand for use of composite ceramic materials in body armor. Rapid escalations across sensitive borderlines and cross-border terrorist insurgencies are creating a requirement for body armor. What to expect from the upcoming report on ‘Global body armor market’: - Analysis of future prospects as well as global body armor market trends over the forecast period (2018-2025) - Information regarding technological progressions as well as innovations taking place in developing as well as developed economies and also various macro & microeconomic factors that affect the growth of the market. The overt segment dominated the market in 2018 and is projected to continue its domination over the forecast period. Global Body Armor Market: Overview This comprehensive report by Transparency Market Research analyzes and forecasts the body armor market at the glob If you would like to add your company or report a body armor manufacturer that is not listed please contact us. The global body armor market is expected to grow at a compound annual growth rate of 5.5% from 2019 to 2025 to reach USD 3,022.2 million by 2025. b. Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) solutions are anticipated to substantially contribute while responding to the COVID-19 pandemic and address continuously evolving challenges. A 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. The Global market for Body Armor Parts is estimated to grow at a CAGR of roughly X.X% in the next 8 years, and will reach USD X.X million in 2027, from USD X.X million in 2020. To understand geography trends, Download Sample Report. This website is secure and your personal details are safe. Continuous innovations in materials and manufacturing technologies have led to the advent of advanced textile materials, such as Kevlar and nylon, which can be used to produce lightweight armor with improved ballistic protection capabilities. The level II panel offers protection against 9-mm handguns, 44 magnums, and 9-mm sub-machine guns, and is lightweight in nature. 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 headgear and capabilities of body armors. The composite ceramics segment dominated the market in 2018 in terms of revenue. © 2020. Based on the Body Armor industrial chain, this report mainly elaborate the definition, types, applications and major players of Body Armor market in details. Get your queries resolved from an industry expert. The defense segment accounted for the largest share of the overall revenue in 2018. However, increasing terrorist activities and anti-nationalist activities have led to incessant adoption of body armor for defense and law enforcement protection applications. We stand by our report quality. The increasing need for providing defense suits with enhanced ballistic and stab resistance for soldiers is one of the primary drivers of the segment growth. Request discounts available for Start-Ups & Universities. It was historically used to defend military workers, while protecting numerous kinds of police (riot police in specific), private security guards, private citizens, or bodyguards. Global Body Armor Market Research Report 2018 has complete details about market of Body Armor industry, Body Armor analysis and current trends. DecisionDatabases.com, recently added a new report to its database. Privacy Policy. Market Overview. Some key players operating in the body armor 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. The insurance industry is expected to confront the pressure associated with cost-efficiency. Report Summary. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. Currently, the military segment of the body armor market has the largest market share, and it is expected to continue its dominance during the forecast period. Usage of AI can help in reducing operating costs, and at the same time, can increase customer satisfaction during the renewal process, claims, and other services. Further, VR/AR can also prove to be a valuable solution in providing remote assistance as it can support in avoiding unnecessary travel. The body armor market is expected to record a CAGR of over 3.5% during the forecast period (2020-2025). Due to the use of Kevlar, overt body armors are able to offer a higher level of protection from large spikes/blades and heavy gunfire. This is anticipated to drive the body armor market in the future. online dashboard trial. The 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 - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027 Body Armor Market Size, Share & Trends Analysis Report By Level, By Application (Law Enforcement Protection, Defense), By Material, By Product By Type, By Product By Style, By Region, And Segment Forecasts, 2019 - 2025 Revenue in USD million and CAGR from 2019 to 2025, Revenue forecast, company share, competitive landscape, growth factors and trends, Level, application, material, product by type, product by style, region, North America; Europe; Asia Pacific; South America; Middle East & Africa, U.S.; Canada; Mexico; Germany; U.K.; France; Russia; Italy; China; Japan; India; South Korea; Australia; Brazil; Saudi Arabia; Israel; UAE, 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.; Safariland, LLC. The global body armour market attained a value of USD 2.5 billion in 2019. b. Report scope can be customized per your requirements. For this study, Grand View Research has segmented the global body armor market report based on level, application, material, product by type, product by style, and region: Level Outlook (Revenue, USD Million, 2014 - 2025), Application Outlook (Revenue, USD Million, 2014 - 2025), Material Outlook (Revenue, USD Million, 2014 - 2025), Product by Type Outlook (Revenue, USD Million, 2014 - 2025), Product by Style Outlook (Revenue, USD Million, 2014 - 2025), Regional Outlook (Revenue, USD Million, 2014 - 2025). Global “Body Armor Market” Report (2020 - 2024) prime objective is to help the user to understand Global and Regional Analysis of the Body Armor Industry. Body Armor Market By Material Type - Steel, UHMWPE, Aramid, Composite Ceramic, Others; By Product Type - Soft, Hard, Accessories; By Application - Defence & Security Personnel, Law Enforcement Officers, and Civilians. Avail customized purchase options to meet your exact research needs. Explore purchase options. The development of new and advanced body armors, like soldier exoskeletons, by companies, like Rostec, is expected to generate a huge demand in the future. We never share your personal data. The report will account for Covid19 as a key market contributor. This growth may be propelled by countries, like China and India, which currently have the highest number of active military personnel. IBISWorld's statistic shows that as of 2020 the market size of the Body Armor Manufacturing industry is $694.9m an increase of 1.31% from 2019. For instance, Combatiente Futuro of Spain, Soldier Modernization Program - SMP of the Netherlands, NORMANS of Norway, Soldado do Futuro of Portugal, IMESS of Switzerland, MARKUS of Sweden, FIST of Belgium, Projekt TYTAN of Poland, and 21st Century Soldier of the Czech Republic, among others, are the current future soldier programs taking shape in Europe. Body Armor Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Body Armor industry with a focus on the Chinese market. Our support available to help you 24 hours a day, five days a week. A thorough study of the competitive landscape of the Body Armor Market has been given, presenting insights into the company profiles, financial status, recent developments, mergers and acquisitions, and the SWOT analysis. Increasing focus of defense agencies on ensuring soldier survivability is driving the demand for personal safety equipment and suits. Soft armor is considered to be an ideal choice for professions where flexibility and comfortable movement are of paramount importance, owing to the lightweight feature of these variants. For instance, private security guards and policemen consider a soft armor to be their ideal choice. What is the market size of the Body Armor Manufacturing industry in the US? Body armor is also known as personal armor/armour. Countries, like Germany, India, and Japan, are expected to increase their military recruitments, in order to recover from the shortages in military personnel. It also offers a higher level of protection as compared to the softer product variants. These armors are well-suited for police forces and offer protection against 9mm full metal jacket rounds and .40 Smith & Wesson (S&W) ammunition. April 2019 | Report Format: Electronic (PDF) Body Armor Market Growth & Trends. Demand for level IIA is also anticipated to increase over the forecast period. Its main purpose is to absorb or deflect slashing hit and penetrate attacks. 3.3.2 Hard armor expected to constitute the second largest segment in the body armor and personal protection market 30 3.3.3 Market size of protective headgear segment expected to rise at a CAGR of XX% during the forecast Majority of the players are based in North America. It has been adopted by the United States Special Operations Command (USSOCOM). Size, restraints, challenges, current trend, and opportunity are some of the other factors which are also included in the report. The market is expected to grow at a CAGR of 5% during the forecast period of 2020-2025. The Asia-Pacific body armor market is expected to register the highest CAGR during the forecast period. The existing situation owing to the outbreak of the epidemic will inspire pharmaceutical vendors and healthcare establishments to improve their R&D investments in AI, acting as a core technology for enabling various initiatives. The global body armor market size was estimated at USD 2,196.2 million in 2019 and is expected to reach USD 2,317.7 million in 2020. b. The Global Body Armor Market Report render a comprehensive definition of the market followed by various factors associated with the market which eventually impact the market structure. b. This report provides forecasts for revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. Body armors have been upgraded constantly from the use of easily accessible materials, such as natural fibers made from silk, cotton, and thatch (which are woven in textile forms), to various metals, such as iron, steel, and copper (which are used in chainmail and plate forms), and further to the technologically complex variants that are being currently used by law enforcement and armed services. Global Body Armor Market Research Report 2019-2029. 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. Hard variants tend to be comparatively heavier and thicker as compared to soft armor. With the increase in terrorism and hostile activities around the world, various armed forces and law enforcement agencies are procuring body armors and accessories, which is currently driving the market. Down Range Industries manufactures the highest of quality and most affordable AR500 Body Armor, Trauma Pads, Steel Targets and Kydex Holsters. The global body armor market size was valued at USD 2.1 billion in 2018 and is expected to expand at a CAGR of 5.5% from 2019 to 2025. This may generate further demand for body armors and related accessories. Body Armor Market Size & Share, Industry Report, 2019-2025. The surge in military warfare is propelling the need for ballistic protection equipment for safeguarding the army personnel. Copyright © 2020 Grand View Research, Inc. All rights reserved. 4.4.1 Bargaining Power of Buyers/Consumers, 7. Also, currently, there is a deficit in military personnel in Japan and India. This report studies the global Body Armor market status and forecast, categorizes the global Body Armor market size (value & volume) by manufacturers, type, application, and region. Summary ICRWorlds Body Armor market research report provides the newest industry data and industry future trends, allowing you to identify the … The 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. Demand for body armor is expected to increase as technological innovations and modernization initiatives prompt security agencies and military forces to opt for the latest equipment. North America dominated the body armor market with a share of 33.4% in 2019. The factors contributing to the growth of the market are technological advancements and the introduction of … The region’s growth is further accelerated by higher military spending in countries such as the U.S. and Canada. Such modernization activities are opening up new avenues for the industry participants and are leading to the formation of a contractual environment with military agencies. This report studies Body Armor in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. The growth of this segment can be attributed to a surge in demand in the law enforcement application segment. Tactical Assault Light Operator Suit (TALOS) is a prominent example of hi-tech personal safety armor. Addition or alteration to country, regional & segment scope. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. The Body Armor Market is segmented by Type (Soft and Hard Armors, Clothing, Helmets, and Accessories), Purpose (Military and Civilian), and Geography. European countries such as Italy and U.K. witnessed a reduction in military spending since 2008, owing to macroeconomic conditions. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". Of warfare has largely become asymmetric in nature and includes counter-terrorism and counter-insurgency growth, Trends, and troops... 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Who are the key players in body armor market in the future a layer of protection as compared to armor. Army personnel to witness the highest number of active military personnel borderlines and cross-border terrorist insurgencies creating... To absorb and for bludgeoning, to deflect slashing, and 9-mm sub-machine guns and... Some of the players are emphasizing on developing lightweight and flexible armors one. Increasing terrorist activities and anti-nationalist activities have led to incessant adoption of body armor right. By Material Type among others, leading players, regions, and 9-mm sub-machine guns, Forecasts! To meet your exact research needs Format: Electronic ( PDF ) body armor market is to! Like segments, growth rate, revenue, leading players, regions, and Forecasts 2020. Not listed please contact us personnel in Japan and India is the market in 2018 in terms of.! 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