The global body armor market size is expected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing concern for the survival of soldiers and increasing demand for ballistic protection with increasing terrorist attacks and geopolitical conflicts.
The body armor plate is a kind of protective armor plate, which can be loaded into a load-bearing or bulletproof vest, which can protect itself or add protection to the vest. These are the metal shells used to protect human body in wars used as shields as they are made of a combination of ceramic and bulletproof fabric, and are mainly used in bulletproof vests to provide additional protection against bullets from rifles and pistols. Police, security personnel, and individuals also use it to help them feel safe and protect themselves from attacks. There are two types of body armor: soft body armor and hard body armor.
The Covid-19 pandemic affected the demand and supply of global body armor market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Body Armor Market Trends, Drivers, Restraints, and Opportunities
- Rising safety concerns among armed personnel and law enforcement is projected to boost the market during the forecast period.
- Rapid growth of defense industry is creating demand for armors and helmets owing to growing terrorism and anti-national activities is major factors fueling the market during the forecast period.
- Increasing government investments in defense and military equipment and rising number of armed personnel is anticipated to drive the market during the forecast period.
- High cost of advanced armor equipment and lack of affordability due to economic crisis in countries are projected to hamper the market growth.
- R&D investment and technological advancement in body armors and helmets that provide safety to ground forces and highly protective with advanced features is expected to offer lucrative opportunities for the market players.
Scope of the Body Armor Market Report
The report on the global body armor market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Body Armor Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Product Types (Soft & Hard Armor, Clothing, Helmets, and Accessories), and End-users (Civilian and Military)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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3M; BAE Systems PLC; DuPont; Safariland LLC; and Honeywell International Inc.
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Body Armor Market Segment Insights
The soft & hard armor segment is projected to hold a major market share
On the basis of product types, the body armor market is divided into soft & hard armor, helmets, clothing, and accessories. The soft & hard armor segment is expected to hold a key share of the market during the forecast period. It is a protective device used to protect body from small pistol ammunition, sharp weapons, and low-speed ballistic threats.
The growing demand for civilian, security and other similar applications is estimated to drive the market. Soft armor is light and comfortable. It helps absorb and soften most of the energy and reduce the chance of injury. Military personnel choose particularly soft armor because it tends to be lighter. Soft armor also provides significant hazard protection. In combat, for example, ballistic projectiles and shrapnel are used. Compared with soft armor, hard armor tends to be heavier and thicker.
The military segment is expected to expand at a rapid pace
Based on end users, the body armor market is bifurcated into military and civilian. The military segment is expected to represent a key share of the market during the forecast period owing to increasing defense spending, terrorism & hostilities, and various territorial conflicts. In addition, well-known companies have followed suit, supporting the national defense forces by providing modern material packages with unique processing technologies. On the other hand, the civilian segment is anticipated to expand at a rapid pace during the forecast period. The CAGR is expected to reach 7.72% during the forecast period.
These are usually suitable for rank IIA and rank III tanks. Although the complex laws of different countries may be daunting, the needs of civilians, especially journalists and politicians are projected to boost the market. Due to the advancement of modern technology, bulletproof vests are made of synthetic fibers with very high resistance, resilience, and flexibility. However, these materials are not indifferent to military armor materials. For safety reasons, the needs of the hospital industry, journalists, dignitaries (politicians/lawyers/judges), CEOs, and other jewelry shop owners are driving the use of bulletproof vests. The growth of technologically advanced fibers and commercial applications is expected to drive market growth during the forecast period.
Asia Pacific is anticipated to dominate the market
On the basis of regions, the body armor market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to expand at a high CAGR during the forecast period. The regional market growth can be attributed to the geopolitical location of the region has made it the focus of unprecedented skirmishes and armed conflicts.
India is a major exporter of advanced bulletproof vests and helmets, providing advanced bulletproof vests and helmets to approximately 250 military personnel in more than 100 countries, especially the United Kingdom, Germany, Spain, and France. As part of "made in India initiative", body armor manufactured in India complies with IS17051:2018 established by the bureau of Indian standards (BIS). It is expected that strong military and law enforcement demand to promote the development of the body protection market in the Asia-Pacific region during the forecast period.
Segments
Segments Covered in the Report
The global body armor market has been segmented on the basis of
Product Types
- Soft & Hard Armor
- Clothing
- Helmets
- Accessories
End Users
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the body armor market include 3M; BAE Systems PLC; DuPont; Safariland LLC; and Honeywell International Inc.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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