Body Armor Market Forecast 2020-2025, Latest Trends and Opportunities
By Market Study Report  Date: 2020-04-30Product ID: 1695199

Body Armor Market Forecast 2020-2025, Latest Trends and Opportunities

The Body Armor Market report upholds the future market predictions related to Body Armor market size, revenue, production, Consumption, gross margin and other substantial factors. Also Body Armor Market is Segmented By Material (Metals & Alloys, Composite, Fibers, Fiberglass and Others); By Application (Defense & Security, Civil and Law Enforcement Officers). It also examines the role of the prominent Body Armor market players involved in the industry including their corporate overview. While emphasizing the key driving factors for Body Armor market, the report also offers a full study of the future trends and developments of the market.

The Global Body Armor market is anticipated to reach USD 4.83 billion by 2026 according to a new study. The rising concerns of defense and security industry towards military personnel safety and survivability is propelling the need for body armors. Several developed as well as developing nations are executing modernization program for military and security personnel and are mainly focused towards offering the finest protection products. Thus, defense department of these nations are spending huge amount in providing body armor for their defense troops. Developed nations such as the U.S., UK, Russia, and France are taking several initiatives to replace their traditional armor system with new advanced technology is manufacturing body armor. Lightweight and flexible armor with the usage of nanotechnology materials and fibers is the recent trend prevailing in this market, which will positively favor the industry growth in near future. Besides this, cutting-edge technologies such as liquid body armor and dragon skin are significantly adding value to the defense and security industry.

Currently, the overall Body Armor market is dominated by North America and Europe Region. This is attributed to the ongoing soldier modernization programs executed across countries in these regions. Soldier safety is the top most priority of the defense agency, hence they certainly are not expected to compromise on their soldier's safety. Besides this, law enforcement officials constantly need to enhance their safety due to rising instances of violence and riots across several countries. Moreover, the rising threat of terrorism has also propelled the demand of body armors and these regions are expected to continue its dominance during the forecast period. The Body Armor Market in Asia Pacific, MEA, and South America region are expected to notice a high growth during the forecast period. The growth in Asia Pacific Body Armor Market is attributed to the increasing government spending in new technology adoption in the defense sector. Thus, the region is anticipated to grow at the highest CAGR during the forecast period.

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Key Findings from the study suggest North America and Europe combined is expected to command the Body Armor Market over the forecast years. The growing government spending on security across globe is projected to boost the growth of the market over the forecast period. Several companies are coming with new technology and materials to maintain Body Armor competences into their portfolio of products. For instance, in February 2018, Cooneen Group, a leading French body armor supplier won contract worth 43 Million Euros to supply Body Armor to French police.

Major companies profiled in the Body Armor Market report include BAE Systems, Inc., Honeywell International Inc., U.S. Armor Corporation, DuPont Deenside Ltd., Blank Enterprises, Inc., Sarkar Defense Solutions, MKU Pvt. Ltd., Safariland, LLC, Uvex group, Avon Protection Systems, Inc., and Ceredyne (3M) among others.

Growing conflicts and frictions in regions such as the Asian, Middle East, Sub-Saharan region, Russia, and other nations has translated to a sharp rise in the incidents related to terrorism, piracy, arms smuggling, exploitation, drugs and human trafficking as well as other illegal practices that poses a serious threat to life and affects the defense personnel. The growing incidence of such activities are increasing the demand for adequate security procedures. Such trends are further anticipated to bolster the Body Armor Market growth during the forecast period.

Some of the Highlights about Table of Content of Body Armor Market

1 Body Armor Market overview

  • Market Introduction
  • Research Objectives
  • Years Considered
  • Body Armor Market Research Methodology
  • Economic Indicators
  • Currency Considered

2 Executive Summary

  • World Market Overview
  • Global Body Armor Consumption analysis and forecast
  • Body Armor Consumption CAGR by Region

3 Market Drivers, Challenges and Trends

  • Body Armor Market Drivers and Impact
  • Growing Demand from Key Regions
  • Growing Demand from Key Applications and Potential Industries
  • Market Challenges and Impact
  • Body Armor Market Trends

4 Marketing, Distributors and Customer

  • Sales Channel
  • Direct Channels
  • Indirect Channels

5 Key Players Analysis

  • Company Details
  • Main Business Overview
  • Product Benchmarking
  • Recent Developments and Technological Advancement in Body Armor Market

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