Body Armor Market to Witness Robust Growth by 2028

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The Body Armor Market was estimated at US$ 2.45 Billion in 2021 and is expected to grow at a CAGR of 5.5% during 2022-2028 to reach US$ 3.56 Billion in 2028.

Stratview Research has published a new report titled ‘Body Armor Market’ to its database. It has segmented the market by Application (Defense, Civilians, and Law Enforcement Protection,), by Material (Aramid, Alumina, Boron Carbide, Ceramic-metal Composite, UHMWPE, Silicon Carbide (SiC), Steel, Composite Ceramic, and Others), by Product (Accessories, Hard and Soft), by End User (Civilian and Military) and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, Israel, and Others]).

Market Segments' Analysis

The market researchers have studied the Body Armor Market minutely for better understanding. The report consists of segment-wise details to assist the users in making suitable decisions for better growth opportunities. Below is the short piece of information -

Based on the application type, the market is bifurcated into defense, civilians, and law enforcement protection. Defense is expected to remain the biggest market for body armor in the forecast period. These armors are frequently used ny army personnel in case of an ambush or attack. Moreover, with the increasing terror threats and border disputes, the demand for body armor is expected to intensify.

Based on the material type, the market is segmented as aramid, alumina, boron carbide, ceramic-metal composite, UHMWPE, silicon carbide (SIC), steel, composite ceramic, and others. The composite ceramic industry accounts for the largest market share in 2021, with the rising requirement for body armor with superior defensive properties, and composite ceramic material supports high defensive properties as compared to other materials.

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Key Players of the market:

  • Aegis Engineering Ltd.
  • AR500 Armor
  • BAE Systems
  • Ballistic Body Armor Pty
  • Craig International Ballistics Pty Ltd.
  • Ceradyne, Inc.
  • Hellweg International

In terms of regions, North America is likely to maintain its supremacy in the body armor market throughout the forecast period. This is mostly due to the increase in the rate of gun violence and the increase in riots within the region. The escalating inclination toward enhancing the protection of personnel in wars and terrorist attacks is creating an enormous opportunity for the North American body armor market

Highlights of the report:

The report also highlights the following segments -

  • The market structure and forecasts for the coming years.
  • Drivers, restraints, opportunities, and current trends of Body Armor Market.
  • Historical data and forecast.
  • Estimations for the forecast period 2028.
  • Developments and trends in the market.

Our market research experts have studied the BODY ARMOR Market in 360 degrees via. both primary secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-chain, pricing trends, product preferences, consumer patterns more. The findings are further validated through primary research with industry experts across the globe.

Reasons to Invest in this Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period.
  • Segments include quantitative, qualitative, and value data.
  • Regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.

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About Us

Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.

 

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