Wilmington, Delaware, United States, May 05, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The body armor market was valued at US$ 3.8 Bn in 2021 and is estimated to reach US$ 5.1 Bn by 2031. Body armors made of aramid, steel, and composite ceramic have been widely commercialized for the last few years.
Companies are focusing on materials with high impact resistance, such as UHMW (ultra-high molecular weight polyethylene). Widespread adoption of next-generation ballistic solutions by the army in several countries is estimated to generate significant revenues for companies in the global body armor market.
Rise in research and development activities in lightweight, comfortable, and flexible body armor is poised to augment the market size from 2023 to 2031. Rapid increase in demand for soft body armor and accessories, especially bulletproof vests, is likely to encourage research in a host of materials such as Kevlar and carbon nanotubes. An instance is ongoing initiatives by researchers to develop flexible body armor based on chiton scales.
Get the Recently Updated Report on the Body Armor Market as a Sample Copy at - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6961
Steady improvements in standard for the ballistic resistance of body armor in developed countries, an example is NIJ Standard-0101.06, are expected to bolster growth opportunities for companies in the body armor market.
Considerable rise in adoption of ballistic-resistant equipment among law enforcement and correction personnel/officers in developing and developed countries in the last few years has accelerated body armor market development.
Key Findings of Study
- Rapid Utilization of Armor Protection Systems in Defense Sector: Surge in demand for sturdy armor protection system among special operations forces is anticipated to offer lucrative opportunities to companies in the body armor market.
- Armor made of UHMW is likely to gain traction in modern warfare counter-insurgency, guerrilla warfare, and counter-terrorism operations. Advancement in body armor technologies is expected to boost the market value. Based on application, the defense segment constituted leading share in 2021, and it is projected to expand at a rapid pace from 2022 to 2031 (the forecast period).
- Extensive R&D in Lightweight and Flexible Body Armor and Accessories: Introduction of advanced fibers for body armor worn by military personnel is likely to offer significant business opportunities to companies in the body armor market. Companies are unveiling ultra-light ballistic products to increase their market share.
- Rise in usage of stab/ballistic hard panels in modern armor protection systems is anticipated to spur market growth. An example is PRE LABS INC., a Canadian company, offering 6/17 Level IIIA NIJ Certified ballistic armor panels. These panels are significantly lightweight and thin, with improved mobility and comfort for the wearer.
- Ongoing research in natural fiber reinforced polymer composite is likely to lead to development of high-end body armor for bullet proof and ballistic applications.
Get Customization on this Report for Specific Research Solutions: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=6961
Key Drivers
- Steady rise in investments in warfare methods by governments of many countries is a key driver of demand for advanced tactical vests, bulletproof vests, and combat gears.
- Surge in number of mass shootings, police shootings, and civil right protests in numerous countries is expected to fuel sales of body armor. Rapid increase in number of first-time gun buyers in developed and developing countries is also likely to propel the demand for body armor.
- Increase in focus of manufacturers on commercialization of advanced ballistic protective textile materials is expected to propel the body armor industry. They are focusing on unveiling ballistic protection products with increased comfort and maneuverability, along with usage of lightweight materials.
Regional Growth Dynamics
North America accounted for the leading share of the global body armor market in 2021. Rise in threat of terror activities is likely to spur the demand for body armor in the region. Rise in adoption of ballistic protection products, including body armor among law enforcement agencies, especially in the U.S., is estimated to propel the market in North America.
Asia Pacific held 27.00% share of the global market in 2021. The region is likely to witness significant business opportunities in the next few years, fueled by rise in investment in modern warfare technologies by developing countries. India, South Korea, and China are anticipated to record lucrative growth opportunities in the near future.
Key Points from TOC:
1. Preface
1.1. Market Introduction
1.2. Market and Segments Definition
1.3. Market Taxonomy
1.4. Research Methodology
1.5. Assumption and Acronyms
2. Executive Summary
2.1. Global Body Armor Market Overview
2.2. Regional Outline
2.3. Industry Outline
2.4. Market Dynamics Snapshot
2.5. Competition Blueprint
3. Market Dynamics
3.1. Macro-economic Factors
3.2. Drivers
3.3. Restraints
3.4. Opportunities
3.5. Key Trends
3.6. Regulatory Framework
4. Associated Industry and Key Indicator Assessment
4.1. Parent Industry Overview – Global Armor Systems & Security Industry Overview
4.2. Supply Chain Analysis
4.3. Pricing Analysis
4.4. Technology Roadmap Analysis
4.5. Industry SWOT Analysis
4.6. Porter Five Forces Analysis
4.7. Covid-19 Impact and Recovery Analysis
5. Global Body Armor Market Analysis, By Type
5.1. Body Armor Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, By Type, 2017–2031
5.1.1. Level I
5.1.2. Level II-A
5.1.3. Level II
5.1.4. Level III-A
5.1.5. Level III
5.1.6. Level IV
5.2. Market Attractiveness Analysis, By Type
6. Global Body Armor Market Analysis, By Product Type
6.1. Body Armor Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, By Product Type, 2017–2031
6.1.1. Soft Body Armor
6.1.2. Hard Body Armor
6.1.3. Accessories
6.2. Market Attractiveness Analysis, By Product Type
TOC Continued……
Buy this Premium Research Report | Immediate Delivery Available - https://www.transparencymarketresearch.com/checkout.php?rep_id=6961<ype=S
Competition Landscape
Small number of large-scale manufacturers control majority stake in the body armor market.
Prominent companies operating in the market:
- ArmorSource LLC
- BAE Systems Plc
- Honeywell International Inc.
- Safariland Group
- Point Blank Enterprises Inc.
- MKU Private Ltd.
- Sarkar Tactical
- Survitec Group Limited
- DuPont de Nemours, Inc.
Body Armor Market Segmentation
Type
- Level I
- Level II-A
- Level II
- Level III-A
- Level III
- Level IV
Product Type
- Soft Body Armor
- Hard Body Armor
- Accessories
Material
- Steel
- UHMWPE
- Aramid
- Composite Ceramics
- Boron Carbide
- Silicon Carbide
- Aluminum Carbide
- Others (Kevlar, Graphene, etc.)
Application
- Defense
- Law Enforcement Protection
- Civilians
Regions Covered
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
