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Body Armor Market is Forecast to Reach US$ 3.4 Billion in 2028, Says Stratview Research
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The global body armor market is segmented based on armor type, product type, material type, level of protection type, end-user type, mode of operation type, and region.
- The market is segmented into hard body armor and soft body armor. Among these,
- Among all the armor types, owing to its large usage in hard as well as soft body armor and wide application in military and law enforcement operations.
, owing to its several advantages, such as improved ballistic resistance, lighter weight, higher durability, and strength, and slower decay from air and water as compared to the other materials.
- The , as it provides protection against the steel-core armor-piercing rifle ammunition as well as offers additional soft armor protection.
, owing to the increasing investments by the US DHS (Department of Homeland Security) and other law enforcement agencies of different countries for the safety of their police officers and other law enforcement personnel.
- As most of the and operations follow an
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The report suggests that the . This growth is majorly attributed to the following –
- Large expenditure by the US Department of Defense ( ) and the US Department of Homeland Security ( ) on body armor products.
- The region is also home to market-leading companies, such as , which are also the major contractors for the US DoD and the US DHS.
Likewise, during the forecast period, driven by increasing military expenditure in the countries such as China and India , coupled with rising terror threats and geopolitical tensions.
Some of the key drivers listed in the report are given below.
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The market is fairly consolidated with the presence of some global and regional players. Stratview Research has identified the following companies as the top market players.
- Point Blank Enterprises, Inc.
- Safariland, LLC.
- Armor Express
- Mehler Vario System
- Beijing Tongyizhong New Material Technology Corporation
- XTEK Group
- U.S. ARMOR CORPORATION
- Mars Armor
- Senken Group Co., Ltd
- Craig International Ballistics Pty. Ltd.
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It launches limited number of reports annually on the above-mentioned specialisations. The reliability and insightfulness of the reports enable the readers take convincing business decisions.
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