May 08, 2019: The global body armor market size is expected to reach USD 3.02 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.5% from 2018 to 2025. The evolution of warfare has largely become asymmetric in nature and includes counter-terrorism and counter-insurgency. Similar scenarios exist in the law enforcement sector, wherein felons, criminals, and law offenders can fatally injure responding officers. This necessitates demand for body armor equipment.

The growth in military warfare is propelling the need for improved ballistic protection equipment to safeguard the personnel and armed forces. Emerging economies such as India, South Korea, and China are persistently focusing on replacement of legacy military equipment and are subsequently increasing their defense spending. Modernization in the sector is anticipated to create growth opportunities for the body armor providers. They are also trying to gain a competitive edge by collaborating with different military agencies through contracts.

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Technological advancements and innovations such as dragon skin and liquid body are projected to accelerate the market growth. Additionally, rising demand for modular tactical vests and double-sided combat uniforms, owing to their benefits such as enhanced protection and improved soldier survivability, is expected to further drive the body armor market.

Prominent manufacturers of personal protection suits are increasingly investing in R&D activities for the development of advanced fibers, fabrics, and nanotechnology materials to improve the effectiveness of body armors. The use of modular tactical vests is gaining momentum and these vests are rapidly replacing the conventional Outer Tactical Vests (OTVs) that limit a soldier's efficiency of carrying additional assault loads such as magazines and grenades.

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Further key findings from the report suggest:

• Law enforcement protection segment is expected to expand at the highest CAGR of 5.9% from 2018 to 2025 as compared to the defense and civilians segment. The demand is particularly high in U.S. owing to a significant rise in crime rates and incidents of mass shooting

• Type III segment accounted for more than 23% of market share in terms of revenue in 2017. These bodysuits offer better protection than other types and is suitable for full-time wear during warfare and combat situations

• North America accounted for the highest market share in terms of revenue in 2017. Government initiatives such as the U.S. Army Equipment Modernization Strategy and Soldier Protection System (SPS) are remarkably contributing to the regional growth

• Prominent players operating in the body armor market include Aegis Engineering Ltd.; AR500 Armor; BAE Systems; Ballistic Body Armor Pty; Craig International Ballistics Pty Ltd.; Ceradyne, Inc.; Hellweg International; Kejo Limited Company; Pacific Safety Products; Point Blank Enterprises, Inc.; and Safariland, LLC.

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The Global Body Armor Market Size was anticipated as US$ x.x billion in 2018 and is expected to grow at a CAGR of x.x% during forecast period. The body armor is a form of cloth which is basically used for protection, its main purpose is to penetrate attacks and deflect or absorb slashing bludgeon. Soft body armor and hard body armor are main types of body armors. Body armor is classified based on its capability to prevent bullets.

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The global body armor market types comprises type 1, type 2, type 2-A, type 3, type 3-A, and type 4. Among these, the type 4 armor is widely used by militaries across the world as they offer the highest protection. Replacement of outdated armor with advanced versions will also drive the growth of type 4 body armor during forecast period. Due to these reasons, type 4 body armor segment is anticipated to raise at a CAGR of x.x% into coming years.

The augmented development of the body armor market is one of the main driving factor of global body armor market share. Various regions are implementing soldier’s innovation program and has mainly focused on the survivability module. Owing to this, maximum number of countries have now pampered in obtaining body armor equipment’s for their military or armed forces. Regions such as France, US, and UK are developing in this field so as to exchange their existing armor system by subsequent generation body armor.

The development in materials is one of the major factor of global body armor market trends. Dealers have initiated to use special fabrics to protect the soldiers and police officers and to improve soldier’s performance.

The global body armor market size segmented on the basis of type, application, material, and geography. By type segment, the market is classified into type I, type II, type IIA, type III, type IIIA, and type IV. Based on material, this market categorized into ceramics, alloys and metals, composite, UHMWPE and others. Likewise, based on application, the global body armor market is segmented as civilians, defense, and others.

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Geographically, global body armor market is classified as North America, Asia Pacific, Europe, and RoW. Among these, the North America is further divided in Canada, Mexico, and where Europe segment include Germany, UK, Italy, France, and others. Similarly, Asia-Pacific is categorized into China, India, South Korea, Japan, South and others.

Global body armor market key players include:

BAE Systems Plc, Inc.

Point Blank Enterprises

MKU Pvt. Ltd.

KDH Defense Systems

Sarkar Defense Solutions

Armor Source LLC

Survitec Group Limited

Safariland LLC

Honeywell International, Inc.

Global body armor market segmentation include:

By Type

Type I

Type II

Type IIA

Type III

Type IIIA

Type IV

By Material

Ceramics

Alloys and Metals

Composite

UHMWPE

Others

By Application

Civilians

Defense

Others

By Region

North America

Canada

U.S.

Mexico

Europe

Germany

UK

Italy

France

Others

Asia-Pacific

South Korea

Japan

India

China

Others

Rest of the World

Middle East

South America

Africa

What to expect from the upcoming report on ‘Global body armor market’:

- Analysis of future prospects as well as global body armor market trends over the forecast period (2018-2025)

- Information regarding technological progressions as well as innovations taking place in developing as well as developed economies and also various macro & microeconomic factors that affect the growth of the market.

- Supportive initiatives by government likely to influence the market dynamics.

- Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.

- In-depth analysis of different market segmentations including end-user, application, manufacturing process and geographical regions.

- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market such as expansions, growth strategies, agreements, new product launches and acquisitions in the market

- Value Chain and Sales Channels Analysis

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