Transparency Market Research

Body Armor Market to Reach US $4.3 Bn by 2021 as Threat of Terrorism Grows Across the Globe

Transparency Market Research Added A New "Body Armor Market Research Report" And Its Full Database.


Albany, NY -- (SBWIRE) -- 05/04/2017 -- Transparency Market Research has released a new report that offers a study of the global body armor market. The research report, titled "Body Armor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021," reports the important trend and dynamics in this market along with analyzing the market with a SWOT analysis and Porter's five forces analysis. The report is aimed at offering the readers a trustworthy document that can be referred to for making important business decisions.

According to the research report, the global body armor market was valued at US$3.3 bn in 2014 and is expected to register a CAGR of 4.0% from 2015 to 2021 to reach a figure of US$4.3 bn by 2021. Soldier modernization programs across the globe are the biggest reason for the growth of the global body armor market. These programs are also responsible for the improved focus on designing body armor that caters to the futuristic needs of protection. Manufacturers of modern body armor are looking at making gear that has improved mobility, sustainability, and survivability. Furthermore, as more and more defense and law enforcement bodies are trying to procure top-notch body armor in order to deal with terrorism, the demand for the same is expected to escalate in the coming years. Moreover, rising counter-insurgency operations and use of weapons in combat is also driving the growth of this market.

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The global body armor market is segmented on the basis of type, application, material, and geography. The types of body armor are Type I, Type II-A, Type II, Type III-A, Type III, and Type IV. The applications of body armors are seen in the defense industry, law enforcement protection agencies, and amongst civilians. The materials used for making body armors are steel, UHMWPE, aramid, composite ceramic, and others. Geographically, this market is divided into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

Of all the segments, the defense segment held the dominant share of 55% in the global body armor market in 2014. This segment is mainly driven by the increasing military modernization programs, along with the adoption of a wide variety of body armor by various defense organizations. These factors are expected to drive this market in the coming years.

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Some of the important players in the global body armor market are KDH Defense Systems Inc., Point Blank Enterprises, Inc., BAE Systems, Inc., Australian Defence Apparel Pty Ltd., ArmorSource LLC, Survitec Group Limited, MKU Pvt. Ltd., Sarkar Defense Solutions, Safariland, LLC, and Honeywell International Inc. The research report offers a complete analysis of the competitive landscape of the global body armor market, along with sharing details regarding the financial overview of the companies, their research and development statuses, investment outlook in the market, product portfolio, and strategic mergers and acquisitions.

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TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business Contact.