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

MARKET OVERVIEW

Electrical components are being built into body armors to provide soldiers with situational awareness and connectivity for continuous communication with command centres. Armies, navies, air forces, and paramilitary troops all use body armour to shield their soldiers. For military forces, these devices are critical for survivability and defense against bombs, missiles, and other sharp arms. When the number of arms conflicts grows, so does the need for better protective armour for soldiers on missions. Armors with various components and accessories, such as torches, night vision equipment, global positioning systems (GPS), and imaging and communication systems, are being introduced by vendors in this market. One of the main trends driving the growth of the lightweight armour systems market is the incorporation of electronic components.

MARKET SCOPE

The "Global Military lightweight armor systems Market Analysis To 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global military lightweight armor systems market trend analysis. The military lightweight armor systems market report aims to provide an overview of the military lightweight armor systems market with detailed market segmentation by product type, end-user, and geography. The global military lightweight armor systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading military lightweight armor systems market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of product type, the market is segmented as partial body armor, full body armor, and vehicle armor.
  
•   On the basis of end-user, the market is segmented as military, and homeland security.
  

MARKET DYNAMICS

Drivers:

•   The rising geopolitical conflict and the increase in acts of violence and terrorism.
  
•   The increasing number of soldier modernization processes.
  

Restraints:

•   The stringent conformation standards set by standards regulatory bodies in various countries require players to invest more, thus increasing their cost of research and development (R&D).
  

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), Middle East and Africa (MEA), South America. The Military Lightweight Armor System 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 marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the Military Lightweight Armor System market.

IMPACT OF COVID-19 ON MILITARY LIGHTWEIGHT ARMOR SYSTEM MARKET

At the national, state, local, and organization levels, the COVID-19 pandemic has had a dramatic influence on the daily lives of billions of people. Social distancing and company shutdown measures have been implemented to slow the spread. The impact of the virus and the containment measures are being felt on both the supply and the demand sides of the economy, leading to severe downturns in the world economic output. The pandemic has had a significant impact on global manufacturing operations, and the market is likely to see a little dip in 2021-2021 as a result of the temporary shutdown of manufacturing units in various weapon and tactical gear exporting countries. However, now that life is returning to normal, demand for the products is expected to rise expectedly. The supply-demand chain will be back in service and the market will maintain the pace in the coming years (2021

 2031). For instance, in February 2021, DuPont acquired Tex Tech's Core Matrix Technology, a monolithic fabric structure that can significantly reduce back trauma while increasing ballistic and fragmentation performance for military and law enforcement personnel. The acquisition adds to the company's already robust portfolio of life protection solutions, enabling the most flexible, lightweight ballistic solutions to meet new the National Institute of Justice (NIJ) ballistic standards for enhanced durability. Further, from 2021 to 2023, the Spanish Civil Guard has planned to acquire a total of 25,000 body armor to add to its inventory of 33,000 external citizen security vests that were purchased between 2017-2021. Additionally, in April 2021, according to Stockholm International Peace Research Institute (SIPRI), total global military expenditure rose to ~US$ 1,981 billion last year, an increase of ~2.6 percent in real terms from 2021, this will directly create additional demand for the military lightweight armor system, which boost the growth of the market during the forecast period (2021

 2031).

MARKET PLAYERS

The report covers key developments in the military lightweight armor system 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Military Lightweight Armor System market are anticipated to lucrative growth opportunities in the future with the rising demand for Military Lightweight Armor System in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Military Lightweight Armor System 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
  
•   BAE Systems plc
  
•   3M Company
  
•   DFNDR Armor
  
•   DuPont
  
•   Honeywell International Inc.
  
•   Koninklijke Ten Cate NV
  
•   GKG Group
  
•   Revision Military.
  
•   Safariland, LLC
  

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.

Military Lightweight Armor Systems Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Product Type Partial Body Armor Full Body Armor Vehicle Armor By End-user Military Homeland Security
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Armored Republic, LLC BAE Systems plc 3M Company DFNDR Armor DuPont Honeywell International Inc. Koninklijke Ten Cate NV GKG Group Revision Military.