Body Armor Market to Witness Tremendous Growth and Expansion by 2028

 Body Armor Market Growth & Trends

The global body armor market size is expected to reach USD 3.53 billion by 2028, registering a CAGR of 5.4% from 2021 to 2028, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by the rising demand for defense protection equipment owing to the rise in asymmetric warfare in various countries, such as South Korea, Iraq, and India. The growing number of conflicts around the globe and violence, in general, has led to the significant demand for ballistic protection for the law, military enforcement agencies, and armored vehicles. This has further attributed to the rising demand for lightweight body armor protection.

The ever-increasing focus of defense agencies on soldier survivability is driving the demand for body armor. The shortage of ballistic protection suits and the rise in asymmetric warfare activities among various countries worldwide are further accelerating industry growth. Besides, vast developments in the field of nanotechnology are helping develop materials and fibers that can make armor lightweight and more flexible, consecutively driving industry growth. The emergence of armor based on advanced technologies, such as dragon skin and liquid body armor, is also contributing to market expansion. Moreover, the rising demand for body armor for civilian use has also created several industry growth opportunities. The increased demand for body armor among civilians can be attributed to the rise in crimes, burglaries, home invasion, and similar activities; bulletproof vests are one of the most common body armors used by civilians. CITIZEN ARMOR, a U.S.-based protection equipment manufacturing company, offers ballistic plates for civilians. The relatively low cost of steel plates has led to their re-emergence in the manufacturing of body armors for civilian use in the American market. Besides, metal plates are advantageous over ceramic plates since they can protect against multiple hits.

Modernization activities have created several opportunities for industry participants, leading to alliances with military agencies in a contractual environment. For instance, in July 2019, KDH Defense Systems, a U.S.-based body armor manufacturer, received two separate delivery orders worth USD 40 million from the U.S. Armed Forces. Emerging economies, such as India and China, are increasingly focusing on replacing legacy military equipment and increasing their defense budget. For instance, in May 2020, China hiked its defense budget to USD 179 billion compared to USD 177.6 billion in 2019. However, it has been the lowest hike in recent years due to the significant economic disruption caused by the novel coronavirus outbreak.

Request a free sample copy or view report summary: Body Armor Market Report

Body Armor Market Report Highlights

• The high penetration of body armor in the defense sector can be attributed to the emergence of modern military equipment and legacy systems
• In the civilian application segment, the demand for body armor is high, especially among people residing in crime-prone areas, jewelry store owners, embassy personnel overseas, and executive protection personnel
• The level IV body armor plate segment is expected to expand at a noticeable CAGR over the forecast period. This growth is attributable to the fact that the introduction of the final version of NIJ (National Institute of Justice) Standard 0101.07 is anticipated to improve the test methods and the performance requirements for the ballistic resistance levels
• The law enforcement protection application is expected to register a noticeable CAGR over the forecast period since NIJ has been pivotal in developing modern body armors for police officers

Access Press Release@ https://www.grandviewresearch.com/press-release/global-body-armor-market

Body Armor Market Segmentation

Grand View Research has segmented the global body armor market based on level, application, material, product type, product style, and region:

Body Armor Level Outlook (Revenue, USD Million, 2017 - 2028)

• Level I
• Level IIA
• Level II
• Level IIIA
• Level III
• Level IV

Body Armor Application Outlook (Revenue, USD Million, 2017 - 2028)

• Defense
• Law Enforcement Protection
• Civilians

Body Armor Material Outlook (Revenue, USD Million, 2017 - 2028)

• Steel
• UHMWPE
• Aramid
• Composite Ceramic
  • Alumina
  • Silicon Carbide (SiC)
  • Ceramic-Metal Composite
  • Boron Carbide
  • Others
• Others

Body Armor Product Type Outlook (Revenue, USD Million, 2017 - 2028)

• Soft Armor
  • Plates & Inserts
  • Shields
• Hard Armor
  • Plates & Inserts
  • Shields
• Accessories
  • Carrier
  • Helmets
  • Others

Body Armor Product Style Outlook (Revenue, USD Million, 2017 - 2028)

• Covert
• Overt

Body Armor Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Russia
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• South America
  • Brazil
• Middle East & Africa (MEA)
  • Saudi Arabia
  • Israel
  • UAE

List of Key Players in the Body Armor Market

• 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.
• Safariland, LLC 

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.