The importance of body armor can be understood from the fact that it helps to protect personnel by acting as a shield against weapon attacks. Historically, its use was mostly limited to the military sector, but nowadays it is often used by the police, security guards and civilians as well. Economic and technological necessities of armor production is one of the most significant factors which has affected the development of body armors. The development of body armor and effective weaponry has gone hand–on-hand, with an advancement in one resulting in the advancement of the other as well. Considering the increasing instances of riots and violence, body armors are growing in popularity day by day.

Implementation of soldier modernization programs across various countries is one of the most important factors driving the body armor market growth. Body armors addressing futuristic requirements such as sustainability, survivability, lethality and mobility are in demand and have been an area of focus for the body armor manufacturers. Increase in terrorist attacks is another important factor which has contributed to the growing demand for body armors. There has been a rise of jihadist movements across various countries and the terrorist organizations are constantly carrying on country-wide attacks against the government. In order to counter these attacks, there arises a need to deploy army and law enforcement forces with proper body armor shields. This further acts as a demand propeller for the body armor market.

The report titled “Global Body Armor Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” offers strategic insights into the global body armor market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on product type, material type, application and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.

In order to help strategic decision makers, the report also includes competitive profiling of the leading body armor vendors, their business strategy analysis, market positioning and key developments. Some of the major players profiled in the report are BAE Systems Plc., 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. and Honeywell International, Inc. among others. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the body armor market
• Comparative analysis for different segments for the years 2016 & 2025
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
• Trailing 2-Year market size data (2015 – 2016)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global body armor market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

As of 2016, the overall body armor market is led by the Type IV segment. The segment contributes to more than one fourth of the total market revenue, as of 2016. Type III and Type III-A follows the Type IV segment, in terms of revenue. The Type IV segment growth is primarily attributed to its wide adoption by militaries across the world considering that they provide the highest levels of protection amongst all the other product types. It is capable of providing protection against 30 caliber armor piercing bullets along with single-hit protection from the type I, type II-A, type II, and type III threat. 

During the forecast period, the demand for type II-A body armors is expected to be high as a result of its increasing adoption in the area of law enforcement. It is one of the most popular body armors among the police personnel. The type II-A body armor claims protection against the 40 Smith & Wesson (S&W) ammunition. Moreover, police modernization programs is also acting as a driving factor for the growth of the type II-A body armor segment.

The global body armor market is dominated by the North America region. As of 2016, the region accounts for more than forty five percent of the overall market revenue generated worldwide. The body armor market here is majorly attributed to the various initiatives revolving around police and soldier modernization. Moreover, the large size of the U.S. army is also responsible for North America being the largest market for body armors. Some of the largest body armor manufacturing companies such as Point Blank Enterprises, Inc., Safariland, LLC and Honeywell International Inc. are headquartered in the region, thereby supporting the market growth here. 

The presence of a large number of countries in Europe with advanced militarily and law enforcement makes it an important market for body armor. Europe follows North America, in terms of revenue in the market. The market here is primarily governed by the increased focus to modernize the soldier and law enforcement safety equipment. Moreover, growing terrorist threat concerns coupled with the immigration issue being faced across various countries is also fuelling the demand for body armors in the region. 

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Body Armor market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Body Armor market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Body Armor market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Body Armor market?
• Which is the largest regional market for Body Armor market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Body Armor market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Body Armor market worldwide?