Global Body Armor Market to Reach ~US$ 3,231 Mn by 2029
The global body armor market is projected to reach ~US$ 3,231 Mn by the end of 2029. The market was valued at ~US$ 1,946 Mn in 2019. If these figures hold true, the market will exhibit a CAGR of ~5.2% between 2019 and 2029. Regionally, North America is expected dominate the market.
However during the forecast period, East Asia will exhibit more lucrative growth opportunities. In terms of product type, the market can be classified into soft, hard and accessories. The soft body armor is expected to increase the market share as technological innovations and modernization initiatives prompt security agencies and military forces to opt for the latest equipment.
Level II Segment Will Drive the Body Armor Market at Highest Growth Rate
Based on body armor level, the level II segment is expected to expand at highest CAGR during the forecast owing to surge in demand in the law enforcement application segment. These armors perform well in the protection of protection against 9-mm handguns, 44 magnums, and 9-mm sub-machine guns. Moreover, it is lightweight which provides the flexibility in movement. These armors are used primarily by police men.
Defence Segment to Dominate the Global Body Armor Market
The defence segment holds the majority of the body armor market. The body armors are used in defence sector as lifesaving suits with enhanced ballistic resistance capability. Growing terrorism actives and cross border activities and war like situations drive the demand for lifesaving jackets such as body armor. Defence agencies of North America and Europe, especially U.S., Canada and France have emphasized their focus on defence and personal protection equipment which propels the body armor market.
By Product Type
- Soft
- Hard
- Accessories
By Material Type
- Steel
- UHMWPE
- Aramid
- Composite Ceramic
- Others
By Application
- Defence & Security Personnel
- Law Enforcement Officers
- Civilians
By Level
- Level I
- Level II A
- Level III A
- Level III
- Level IV
How will Growth Unfold?
Body armor market is primarily dominated by North America owing to high usage of body armor in the defence and security sector. The body armors are not only used in defence industry, but also used for policemen, and security personnel. Moreover, major presence of manufacturers and technological innovation have pushed the North America market to a new height. Europe body armor market holds the second highest market share in the global market.
East Asia body armor market is expected to grow at highest pace during the forecast owing to high military spending in countries such as China, growing life concern of defence and security personnel etc. Moreover, new innovation in product material and technologies will push the sales of body armor to another height.
Market Segmentation
The global body armor market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Product Type
- Soft
- Hard
- Accessories
Material Type
- Steel
- UHMWPE
- Aramid
- Composite Ceramic
- Others
Application
- Defence & Security Personnel
- Law Enforcement Officers
- Civilians
Level
- Level I
- Level II A
- Level III A
- Level III
- Level IV
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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