Body Armor Market Overview: Body armor market size was valued at USD 2.4 Billion in 2021, growing at a CAGR of 6.8% during the forecast period (202
Body Armor Market Overview:
Body armor market size was valued at USD 2.4 Billion in 2021, growing at a CAGR of 6.8% during the forecast period (2022-2030), and the market is estimated to reach over USD 4.34 Billion by 2030.
Global Body Armor market is expected to grow considerably for the forecast period 2022 – 2030. The major factors driving the market are exhaustively mentioned in the report with clear specification of product demand in different region and few other factors driving the market. Moreover, the report includes extensive study on historical years of the market, which is compared to the market status of the current year. This gives a clear picture of the overall market to the buyers and stakeholders for deciding various strategies that earn them better profit for the forecast period 2022 – 2030.
The literature also describes on various challenges so that business introduce new solutions that overcome these drawbacks. This ultimately allow the businesses to create strong market presence, come closer to end users and consumers and deliver them required products, and finally earn a respectable name in the Body Armor industry.
Body armour is protective equipment used by troops to defend them against penetrating dangers on the battlefield. It is also employed by police enforcement professionals as a deterrent against knife attacks, shell fragments, and high-velocity gunfire. The increased terrorist threat, criminals’ use of strong personal weapons, and a growing focus on border security by government authorities in various nations are all driving up demand for body armour that provides ballistic protection. As a result, numerous producers are combining innovative synthetic fibres to create lightweight, flexible, and concealable goods for improved user protection.
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Further, the researchers classify the industry by product type, By Material, By Protection level, By Application, and geography. Various sub-segments are also stated for each of these segments for better insights to the buyer and focus on different growth strategies. Recent adoption of growth strategies by industry players is also mentioned. Accurate statistics of previous years and current year will help business forecast better policies for future.
By Product Type
- Ultra High Molecular Weight Polyethylene (UHMWPE)
By Protection level
- Level I
- Level II
- Level III
- Level IIIA
- Level IV
- Security Personnel
- Law enforcement
- North America – (U.S., Canada, Mexico)
- Europe – (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
- Asia Pacific – (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
- Latin America – (Brazil, Argentina, Chile, Rest of Latin America)
- Middle East and Africa – (GCC, Turkey, Israel, and the Rest of MEA)
The players profiled in the BODY ARMOR market comprise Safariland LLC, Point Blank Enterprises Inc., Elmon SA, Ballistic Body Armor Pty, Pacific Safety Products Inc., EnGarde Body Armor, Hellweg International Pty Ltd., BAE Systems plc, Ceradyne Inc., Avon Protection plc, Sarkar Tactical Ltd., Craig International Ballistics Pty Ltd., Armored Republic LLC These players are concentrating on implementation of growth strategies, such as partnerships, joint venture, collaborations, acquisitions, mergers, and more.
Body Armor Market Share is categorized on the basis of product type, application, end use, and geography. The profiled players are focused on growth strategies and exploring new avenues in different parts of the globe. Mostly, companies are preferring opportunities in the emerging economies of Asia Pacific owing to low labor cost. Strategies like partnership, new product development, merger and acquisition, product awareness, and more are increasingly being adopted by key players. Further, buyers can also gain insights on consumers buying behavior in various economies.
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