Body Armor Market Overview :
Global Body Armor market is estimated to reach $3.4 Billion by 2025; growing at a CAGR of 5.6% till 2025. Body armor is designed to protect from a weapon attack. It is used by military, civilians, private guard and bodyguards. It can be used as cloth as well as shield against enemies to avoid the attack. Body armors are basically of two types: soft and hard body armor. Advancements in the production of armor offer lightweight and more secure body armors. Rising terrorist attacks and conflicts are forcing military and other forces to upgrade their equipment.
Global Body Armor Market: Growth Factors
Developing countries are increasing their budget on military equipment is a major factor in driving market growth. The rise in warfare situation in countries such as Iraq, Syria, India, and South Korea is also driving the market growth. However, the global economic crisis might hamper market growth. Emerging countries such as India and China are continuously upgrading their military equipment, and growing terrorist & antinational activities are leading unfortunate growth of the market in the coming years.
Global Body Armor Market: Segmentation
The global body armor market is mainly segmented as level, application, material, product by level, and product by style. Based on level, the market is categorized as Level I, Level IIA, Level II, Level IIIA, Level III, and Level IV. Based on the application, the market is divided into defense, law enforcement protection, and civilians. On the basis of material, the market is classified as, steel, UHMWPE, aramid, composite ceramic, and others. Based on the product by level, the market is categorized as soft armor, hard armor, and accessories. On the basis of style, the market is segmented as covert, and overt.
Global Body Armor Market: Regional Analysis
Based on geography, the global Body Armor market is divided into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further characterized as U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is divided into South America, the Middle East, and Africa
Global Body Armor Market: Competitive Players
Key players operating in the market include AR500 Armor, Aegis Engineering Ltd., Ceradyne Inc., BAE Systems, Ballistic Body Armour Pty, Safariland, LLC, Craig International Ballistics Pty Ltd., Point Blank Enterprises, Inc., Hellweg International, Pacific Safety Products, and Kejo Limited Company.
Body Armor Market Key Segments:
- Level I
- Level IIA
- Level II
- Level IIIA
- Level III
- Level IV
- Law enforcement protection
- Composite Ceramic
By Product by Level
- Soft Armor
- Hard Armor
By Product by Style
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East
Key Market Players
- AR500 Armor
- Aegis Engineering Ltd.
- Ceradyne Inc.
- BAE Systems
- Ballistic Body Armour Pty
- Safariland, LLC
- Craig International Ballistics Pty Ltd.
- Point Blank Enterprises, Inc.
- Hellweg International
- Pacific Safety Products
- Kejo Limited Company
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies to fortify their foothold in the market