Body Armor Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Body armor is one of the safety equipment used majorly in the defense industry. It also has strong demand from the police and law enforcement sector with the rising threat of terrorism and violence on the road. Further, lowering prices with rising competition and increasing material quality is enhancing the body armor strength. Furthermore, a rise in military recruitment across the world, boosting the body armor market.

MARKET SCOPE

The "Global Body Armor Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Body armor market with detailed market segmentation by type, end-user, style, level, and geography. The report provides key statistics on the market status of the leading Body armor market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of type, the market is segmented as hard armor, clothing, and helmet.
  
•   On the basis of end-user, the market is segmented as military & defense, fire fighters, law-enforcement, and others.
  
•   On basis of style, the market is segmented as covert and overt.
  
•   On basis of style, the market is segmented as level IIA, level II, level IIIA, level III, and level IV.
  

MARKET DYNAMICS
Drivers:

•   Increasing demand for the body armor solution in the defense sector has bolstered the market growth.
  
•   Increasing material development to further strengthen and lightweight the armor is driving significant demand worldwide.
  

Restraints:

•   Increasing cost of raw material may restrain the growth the body armor market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Body armor market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Body armor market in these regions

IMPACT OF COVID-19 ON BODY ARMOR MARKET

The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation, and other related industries. The emergence of the COVID-19 virus across the globe has lowered the revenue of defense and military amour manufacturers. The decline in sale of military products is experienced in notable countries due severe impact on economy, which adversely affected the demand for new body armors. However, the COVID - 19 has minimal impact on the defense industry, which resulted in the low decline rate in the defense sector for the body armor market. The market is gaining strong momentum in developing nations such as China and India, supposed to support market growth in forecasted period.

Body Armor Market Report Analysis

Body Armor Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• 3M (Ceredyne)
• ArmorSource LLC
• BAE Systems
• E. I. du Pont de Nemours and Company (DuPont)
• EnGarde Body Armor
• Honeywell International Inc.
• Point Blank Enterprises, Inc.
• PT Armor Inc
• Safariland LLC

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Type

• Soft and Hard Armor
• Clothing
• Helmet

By End-User

• Military
• Law-Enforcement

MARKET PLAYERS

The report covers key developments in the Body armor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Body armor market are anticipated to lucrative growth opportunities in the future with the rising demand for Body armor in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Body armor market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Armored Republic, LLC
  
•   Ballistic Body Armour Pty
  
•   BAE Systems
  
•   DuPont
  
•   ArmorSource
  
•   EnGarde body armor
  
•   Point Blank Enterprises, Inc.
  
•   PT Armor
  
•   Safariland, LLC
  
•   U.S. ARMOR CORPORATION
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Body Armor Market Report Scope