The
global body armor market size is expected to reach USD 5,661.0 million by
2024 according to a new study by Grand View Research, Inc.The evolution of
modern day warfare has largely become asymmetric in nature and includes
counter-terrorism, counter-insurgency, and guerrilla warfare operations.
Similar scenarios exist in the law enforcement sectors wherein felons,
criminals, and law offenders are capable of fatally injuring responding
officers, thus necessitating the demand for body armor equipment.
The
rise in military warfare is propelling the need for ballistic protection
equipment in order to safeguard the armed forces. Emerging economies, such as
India, South Korea, and China, are persistently focusing on the replacement of
legacy military equipment and are subsequently increasing their spending in the
defense sector. Modernization activities are creating several opportunities for
the vendors of body armor, which, in turn, are trying to obtain a competitive
edge by collaborating with the military agencies through a contractual process.
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| North American body armor market revenue by type, 2014 - 2024 (USD Million) |
The
defense agencies in developed countries, such as the U.S., Canada, and France,
are laying high emphasis on enhancing personal protection for armed forces
& ground troops and are, thus, focusing on upgrading the conventional
protective headgears and body armor capabilities.
Technological
advances are the key instruments in accelerating the market growth as
innovative techniques, such as liquid body armor and dragon skin, are gaining
momentum. In addition to this, the demand for modular tactical vests and
double-sided combat uniforms is on a rise due to its features offering enhanced
protection and ensuring soldier survivability.
Prominent
manufacturers of personal protection suits are increasingly investing on
R&D activities for the development of advanced fibers, fabrics, and
nanotechnology materials to improve the effectiveness of the body armor. The
use of modular tactical vests is gaining momentum and is rapidly replacing the
conventional Outer Tactical Vest (OTV), which limits the soldier’s efficiency
of carrying additional assault load such as magazine (firearms) and grenades.
Browse full
research report on Body Armor Market: www.grandviewresearch.com/industry-analysis/body-armor-market
Further
key findings from the report suggest:
- The type 3A segment accounted for 21.8% of the
overall market share (in terms of revenue) in 2015. The body suit offers
protection against the type 1, type 2A, type 3, and most handgun threats.
Furthermore, the armor is suitable for the full-time wear in several
warfare and combat situations.
- The civilian demand for personal body suits
accounted for 7.4%of the total market share (in terms of revenue) in 2015
and is anticipated to reach 7.7% by 2024. The demand is particularly high
in the U.S. A significant rise in the crime rates and incidents of mass
shooting in the U.S. is driving the demand for armor vests among
civilians.
- The ‘other’ materials segment is presumed to
witness an upsurge in the demand owing to the wide-scale adoption of
nanotechnology materials fibers and fabrics, such as Kevlar and STF, among
others, for manufacturing breathable and light-weight body protection
suits. The ‘other’ materials segment accounted for 14.2% of the global
market share(in terms of revenue) in 2015 and is projected to account14.9%
by 2024.
- The North American regional market accounted
for 49.5% of the global revenue share in 2015. Government initiatives,
such as the U.S. Army Equipment Modernization Strategy and Soldier
Protection System (SPS), are remarkably contributing to the industry expansion
in the North American region.
- Prominent players operating in the market
include AR500 Armor, Ballistic Body Armor (Pty) Ltd., Aegis Engineering
Ltd., BAE Systems, Craig International Ballistics Pty Ltd., Kejo Ltd.,
Hellweg International, Point Blank Enterprises Inc., Pacific Safety
Products Inc., and Safariland LLC.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the global body armor market on the
basis of type, application, material, and geography:
Body Armor
Type Outlook (Revenue, USD Million, 2014 - 2024)
- Type 1
- Type 2A
- Type 2
- Type 3A
- Type 3
- Type 4
Body Armor
Application Outlook (Revenue, USD Million, 2014 - 2024)
- Defense
- Law
enforcement protection
- Civilians
Body Armor
Material Outlook (Revenue, USD Million, 2014 - 2024)
- Steel
- UHMWPE
- Aramid
- Composite
ceramics
- Others
Body Armor
Regional Outlook (Revenue, USD Million, 2014 - 2024)
- North
America
- Europe
- Asia
Pacific
- Latin
America
- MEA
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-body-armor-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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