Body armor refers to clothing worn by police and army personnel to defend against gunfire. Growing military modernization programs such as FELIN, Future Infantry Soldier System for the French Army program in France and Future Infantry Soldier Technology (FIST) program in the United Kingdom. And development in advanced and lightweight composite ceramic material for body armor propelling the body armor market. Further, increasing spending on defense and military infrastructure in developing economies owing to in rising terrorist activities have led to increasing demand for body armor by law enforcement and defense agencies driving the demand for body armors. According to AMA Research, the market for Body Armor is expected to register a CAGR of 4.75% during the forecast period to 2027.
This growth is primarily driven by Growing Security Concerns in Emerging Nations
|Key Companies in Study
|Honeywell International Inc. (United States), Point Blank Enterprises, Inc. (United States), BAE Systems, Inc. (United Kingdom), Sarkar Defense Solutions (United Kingdom), MKU Pvt. Ltd. (India), EnGarde (Netherlands), Survitec Group Limited (United Kingdom), KDH Defense Systems (United States), Safariland, LLC (United States), 3M Ceradyne, Inc. (United States), U.S. Armor Corporation (United States), Du Pont De Nemours and Company (United States), DSM NV (Netherlands), Saab AB (Sweden) and Alcoa Inc. (United States)
|Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility
The Aerospace & Defense sector in the region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region.
Major Manufacturers, such as Honeywell International Inc. (United States), Point Blank Enterprises, Inc. (United States), BAE Systems, Inc. (United Kingdom), Sarkar Defense Solutions (United Kingdom), MKU Pvt. Ltd. (India), EnGarde (Netherlands), Survitec Group Limited (United Kingdom), KDH Defense Systems (United States), Safariland, LLC (United States), 3M Ceradyne, Inc. (United States), U.S. Armor Corporation (United States), Du Pont De Nemours and Company (United States), DSM NV (Netherlands), Saab AB (Sweden) and Alcoa Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2021, DuPont de Nemours Inc. acquires technology (monolithic fabric structure) from Core Matrix Tex Tech Industries Inc. It has properties such as on-the-fly bullet fragmentation and military-grade ballistic performance. Helps reduce manpower and back trauma. This acquisition is expected to expand our strong and extensive life protection portfolio. and In January 2021, The development of bulletproof vests compliant with NATO standards was carried out by the Ministry of Defense of Ukraine. Standard and lighter versions were developed for ground forces and special forces respectively.
15th February 2019, At SHOT Show, an American annual tradeshow for the shooting, body armor designers unveiled the six new technology transforming police ballistic protection it includes numerous features such as low visibility external carriers for everyday use, new shaping by means of clothing industry, stretch when you sit down, external plate pouches, specific designs for fire and ems, wire routing tabs and pockets. and 15th November 2018, EnGarde Develops Ballistic T-shirt, a lightweight body armor which provides maximum concealment during secret operations.
Regulatory Insights:“Nova Scotia, one of eastern Canada's Maritime Provinces on the Atlantic to impose restrictions on possession of body Armour. Under the Body Armour Control Act, only those who require such armor due to their employment will be authorized to have it. New restrictions on the possession of body armor will take effect in on February 2020. Those include police officers, sheriffs, corrections officers, special constables, conservation officers, by law enforcement officers, security guards, and paramedics. Those who are not authorized to possess body armor have until Feb 2019 to dispose of it, or sell it to someone authorized.”
Body Armor Market Dynamics:
- Growing Security Concerns in Emerging Nations
- Emphasizing On Military Modernization Programs
- Development in Dragon Skin and Liquid Body Armors
- Increasing Demand for Double-Sided Combat Uniforms and Modular Tactical Vests
- High Cost Associated With Lightweight Body Armors
- Fluctuating Raw Material Prizes
|Road Blocks / Challenges
- Developing Cost-Effective and Lightweight Body Armors
|Gaps & Opportunities
- Rise in Military Spending by Emerging Economies
- Development in Advanced Fabrics, Fibers and Nanotechnology Materials to Enhance the Efficiency of Body Armors
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Body Armor Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the medium utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Body Armor Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, SEC filings of Body Armor players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the ReportAMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Body Armor Study Sheds Light on The Body Armor Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Body Armor industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Body Armor industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.