Body Armor Market Size
Body Armor Market size exceeded USD 2 billion in 2020 and is expected to register over 4% CAGR from 2021 to 2027.
The industry shipments will exceed 2 million units by 2027. Increased terrorist attacks in public areas are likely to increase the industry growth. In addition, increased geopolitical tensions will also drive the market.
If body armor can prevent bullets and shrapnel from entering our bodies, then naturally everyone wants to purchase it more. Police officers require armor that is wearable discreetly, and that is increasing demand in this sector. Currently, firearms are an enormous threat for police officers in the US and Canada. Recall that January 2021 attack on the US Capitol? Some 150 police officers were injured that day. Body armor that can halt bullets has the ability to protect officers from handgun and rifle fire. And as more and more officers come under attack, demand for such protection will increase only.
In order to receive major market trends
Growing government investments to develop the defense industry and implement cutting-edge technologies for the military will propel the market presence. In June 2021, the European Union Commission implemented a number of policy initiatives favoring innovation, bullet-proof potential, and competitiveness of the EU defense industry. Through these initiatives, the government will concentrate on supplying high-quality body armors to defense workers to keep them safe at the time of need, boosting the market revenue of body armors and bullet-proof vests.
One of the biggest challenges to the growth of the body armor industry is chronic back pain and injuries due to body armors. The heavy weight and non-ergonomic nature of certain tactical & ballistic body armors have created chronic musculoskeletal pain in soldiers and police officers. At present, firms are working on creating lightweight body armors made of new-age materials, including Kevlar and woven synthetics, to counter the issue of back pain and facilitating movement in military operations.
The COVID-19 pandemic has marginally affected the market in 2020. The impact on the industry can be attributed to the temporary shutdown of various manufacturing firms and a slight decrease in demand for body armors from the law enforcement sector. The pandemic has caused a shortage of resources, such as raw materials and limited manpower, affecting the production of bulletproof vests. Demand for ballistic helmets, masks, and bullet shields picked up in North America in the second half of 2020.
| 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/207/Body-Armor-Market |
Body Armor Market Report Attributes
Report Attribute Details
Base Year 2020
Body Armor Market Size in 2020 2 billion (USD)
Forecast Period 2021 to 2027
Forecast Period 2021 to 2027 CAGR 4%
2027 Value Projection 2.5 Billion (USD)
Historical Data for 2017 to 2020
No. of Pages 250
Tables, Charts & Figures 422
Segments covered Product, Body Type, End-Use
Growth Drivers
Increase in number of terrorist attacks in public spaces
High emphasis on law enforcement officers’ safety in North America
Growing investments towards the development of the defense industry in Europe
Government agencies targeting the development of the military industry in Asia Pacific
High demand for concealable armors for security forces
Pitfalls & Challenges
Injuries and long-term back pain from body armor
Weight concerns in steel armor
What are the growth opportunities in this market?
Body Armor Market Analysis
The North America tactical armor market dominated the body armor market share with over 40% in 2020. Increased defense budget allocation combined with an increase in the military size in a number of countries will boost the industry growth.
Find out more about the prominent segments influencing this market
The Asia Pacific market for unisex armor is estimated to post a growth rate of more than 5% up to the year 2027. The military and law enforcement agencies are placing emphasis on procuring unisex bulletproof armors with increased flexibility and protection against firearm-based projectiles.
The European defense segment held approximately 50% of the body armor market share in 2020. Increasing demand to shield warfighters and defense personnel against bullets & stab attacks will propel greater product demand. Various defense agencies are focusing on improving personal protection using new armors.
Discover more about the dominant segments driving this market
The size of the North America body armor market stood at USD 700 million in 2020. The upbeat outlook is a result of rising federal government expenditure on the military. Rising research & development of light vests has is driving the industry figures. As per the Stockholm International Peace Research Institute (SIPRI) report 2021, the U.S. defense spending was USD 778 billion in 2020, which grew 4.4% from 2019. In addition to that, increasing worries regarding trade wars and perceived dangers from its rivals will boost the regional market growth.
Body Armor Market Share
Industry players are concentrating on the introduction of next-generation lightweight armors to offer a high level of ballistic protection and greater mobility during tactical missions. For example, in January 2021, Safariland LLC introduced hardwire ballistic panels to ensure maximum comfort and protection. Hardwire incorporates compressed Dyneema fibers to design lightweight level II and IIIA high-performance armors, reinforcing the market trends. The new hardwire ballistic panels can be used in any of Safariland’s tactical and concealable vest designs.
| Buy this Premium Research Report to explore detailed market trends – https://www.marketinsightsresearch.com/report/buy_now/6/207/Body-Armor-Market |
Key players in the body armor market include
- Ballistic Body Armor (Pty) Ltd
- AR500 Armor
- XTEX Limited
- Safariland LLC
- Pacific Safety Systems
- Point Blank Enterprises
- Craig International Ballistics Pty Ltd
- Mehler Vario System GmbH
- SIOEN Ballistics Oy
- Seyntex NV
- Source Vagabond Systems Ltd
- MKU Ltd.
