According to a new market research report published by Credence Research “Body Armor Market – Growth, Future Prospects, and Competitive Analysis, 2017 – 2025”, the global body armor market is estimated to hit US$ 8.5 Bn by 2025.
Market Insights
Body armors have been an important part of the defense system and its utility cannot be overlooked considering that it often acts as a life savior. The development of body armors has come a long way in the manner when earlier it just acted as a shield against not lethal weapons. Today, body armor not only provides protection from lethal weapons but also are technologically advanced and lightweight. The life savior tag associated with body armors makes them highly popular across the defense and law enforcement sectors.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/body-armor-market
The overall body armor market is primarily driven by the ongoing soldier modernization programs implemented across various countries. Soldier safety is one of the topmost priorities for the defense agencies of any country. In this regard, these agencies are in no manner willing to compromise on the safety of their soldiers. This has emerged as a major factor contributing to the body armor market growth. Moreover, even the law enforcement bodies are in the constant need to upgrade the safety of their police forces, as a result of increasing instances of riots and violence across various countries. In addition, the growing threat of terrorism has led to increased adoption of body armors.
North America, on account of its various survivability-based soldier modernization programs, is the most important market for body armors. Moreover, the huge size of the U.S. army also impacts the body armor market growth in the region positively. Europe is the second-largest market for body armors. The presence of a large number of militarily advanced countries in the region has contributed to this cause. Moreover, the immigration issue being faced across many countries in Europe is also acting as a driver for the body armor market.
The overall body armor market is categorized on the basis of product type, material type, and application. Based on the product types, the market is classified into Type I, Type II-A, Type II, Type III-A, Type III and Type IV. The market is categorized, based on material type, into UHMWPE (Ultra High Molecular Weight Polyethylene), steel, composite ceramic, aramid, and others. On the basis of application, the market has been segmented into defense, law enforcement, and others. The other segment includes bodyguards, security guards, and private citizens. As of 2016, the market is led by the defense segment, accounting for more than fifty percent of the total market revenue generated worldwide.
Key Trends
- Introduction of innovative products, such as modular tactical vests
- Usage of nanotechnology materials and fibers for manufacturing lightweight and flexible armor
- Usage of advanced ballistic materials to enhance the survivability
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List of Companies Covered:
- BAE Systems
- Point Blank Enterprises, Inc.
- ArmorSource LLC
- Australian Defence Apparel Pty Ltd
- MKU Pvt. Ltd.
- Sarkar Defense Solutions
- Survitec Group Limited
- Safariland, LLC
- KDH Defense Systems Inc.
- Honeywell International Inc.
Market Segmentation:
By Product Type
- Type I
- Type II-A
- Type II
- Type III-A
- Type III
- Type IV
By Material Type
- UHMWPE
- Steel
- Aramid
- Composite Ceramic
- Others
By Application Type
- Defense
- Law Enforcement
- Others
By Geography Segment Type
- North America (the U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America)
Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58742
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