The latest update of “Global Body Armor Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Body Armor Market.
Overview of the Body Armor Market:
The best body armors are made from steel, which is a very durable material. It is also inexpensive and can last for a long time. Steel is often used in shooting targets and hard rifle plates. Despite its low cost, steel is a great option for protective gear and is a popular choice for those who need the highest level of protection. This type of armor is also lightweight and flexible. When wearing body armor, the top of the plate carrier should be at the sternal notch, the top of the breastbone. The shoulder straps should be adjusted so that the front and rear carriers are of the same height. Bullets carry energy when they hit an individual. The heavier and faster the bullet, the more energy it carries. The energy must go somewhere, and the different types of body armor react to this energy differently.
The global body armor market focuses on six regions, such as North America, Asia Pacific, South America, Europe, the Middle East, and Africa.
Drivers:
Increasing defense expenditures in the world are expected to fuel the growth of the global body armor market over the forecast period. For instance, in March 2019, KDH Defense Systems Inc. received a contract worth around US$ 29 million from the US Army in order to supply a modular Scalable Vest (MSV) Gen II System. When choosing body armor, it is important to know what kind of protection it offers. Depending on the use, body armor can range in price from US$ 300 to more than US$ 3,000. While some people may only need basic plates, others will need full ballistic uniforms. Increasing product launches by key market players are estimated to enhance the growth of the global body armor market.
Restraints:
The high cost of good-quality body armor is expected to hinder the growth of the global body armor market.
Regional Insights:
In regions, North America is expected to dominate the growth of the global body armor market, owing to the increasing prevalence of military activities in the region. For instance, according to the United States Armed Forces, in 2019, the military budget of the United States was around US$ 693 billion. Moreover, the Asia Pacific is estimated to witness significant growth in the global body armor market owing to the increasing expansion of military forces and the increasing incidence of the military budget in the region.
Competitive Section:
Key players operating in the global body armor market include 3M, Safariland LLC, BAE Systems PLC, Honeywell International Inc., and DuPont.
In February 2021, Tex Tech’s Core Matrix Technology was acquired by DuPont.
In January 2021, the Ukraine Defense Ministry created a ballistic vest that obeys the NATO standards.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Body Armor Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Body Armor Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- 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
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Body Armor Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Concealable Armor
- Tactical Armor
- Stab Armor
By Applications, the market is segmented into:
- Defense
- Law Enforcement Officers
- Civilians
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Body Armor Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Body Armor Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Body Armor Market
1.6.1 How the Covid-19 is Affecting the Body Armor Market
1.6.1.1 Body Armor Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Body Armor Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Body Armor Market Perspective (2015-2028)
2.2 Body Armor Market Growth Trends by Regions
2.2.1 Body Armor Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Body Armor Market Historic Market Share by Regions (2015-2021)
2.2.3 Body Armor Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Body Armor Market Growth Strategy
2.3.6 Primary Interviews with Key Body Armor Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Body Armor Market Players by Market Size
3.1.1 Global Top Body Armor Market Players by Revenue (2015-2021)
3.1.2 Global Body Armor Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Body Armor Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Body Armor Market Concentration Ratio
3.2.1 Global Body Armor Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Body Armor Market Revenue in 2019
3.3 Body Armor Market Key Players Head office and Area Served
3.4 Key Players Body Armor Market Product Solution and Service
3.5 Date of entering into Body Armor Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Body Armor Market Historic Market Size by Type (2015-2021)
4.2 Global Body Armor Market Forecasted Market Size by Type (2021-2028)
5 Body Armor Market Breakdown Data by Application (2015-2028)
5.1 Global Body Armor Market Size by Application (2015-2021)
5.2 Global Body Armor Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Body Armor Market Size (2015-2021)
6.2 Body Armor Market Key Players in North America (2019-2021)
6.3 North America Body Armor Market Size by Type (2015-2021)
6.4 North America Body Armor Market Size by Application (2015-2021)
7 Europe
7.1 Europe Body Armor Market Size (2015-2021)
7.2 Body Armor Market Key Players in Europe (2019-2021)
7.3 Europe Body Armor Market Size by Type (2015-2021)
7.4 Europe Body Armor Market Size by Application (2015-2021)
8 China
8.1 China Body Armor Market Size (2015-2021)
8.2 Body Armor Market Key Players in China (2019-2021)
8.3 China Body Armor Market Size by Type (2015-2021)
8.4 China Body Armor Market Size by Application (2015-2021)
9 Japan
9.1 Japan Body Armor Market Size (2015-2021)
9.2 Body Armor Market Key Players in Japan (2019-2021)
9.3 Japan Body Armor Market Size by Type (2015-2021)
9.4 Japan Body Armor Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Body Armor Market Size (2015-2021)
10.2 Body Armor Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Body Armor Market Size by Type (2015-2021)
10.4 Southeast Asia Body Armor Market Size by Application (2015-2021)
11 India
11.1 India Body Armor Market Size (2015-2021)
11.2 Body Armor Market Key Players in India (2019-2021)
11.3 India Body Armor Market Size by Type (2015-2021)
11.4 India Body Armor Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Body Armor Market Size (2015-2021)
12.2 Body Armor Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Body Armor Market Size by Type (2015-2021)
12.4 Central & South America Body Armor Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Body Armor Market Introduction
13.4 Body Armor Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Body Armor Market Key Market Segments
Table 2. Key Players Covered: Ranking by Body Armor Market Revenue
Table 3. Ranking of Global Top Body Armor Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Body Armor Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Body Armor Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Body Armor Market Players to Combat Covid-19 Impact
Table 10. Global Body Armor Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Body Armor Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Body Armor Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Body Armor Market Share by Regions (2015-2021)
Table 14. Global Body Armor Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Body Armor Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Body Armor Market Growth Strategy
Table 20. Main Points Interviewed from Key Body Armor Market Players
Table 21. Global Body Armor Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Body Armor Market Share by Players (2015-2021)
Table 23. Global Top Body Armor Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Body Armor Market as of 2019)
Table 24. Global Body Armor Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Body Armor Market Product Solution and Service
Table 27. Date of entering into Body Armor Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Body Armor Market Size by Type (2015-2021) (Million US$)
Table 30. Global Body Armor Market Size Share by Type (2015-2021)
Table 31. Global Body Armor Market Revenue Market Share by Type (2021-2028)
Table 31. Global Body Armor Market Size Share by Application (2015-2021)
Table 33. Global Body Armor Market Size by Application (2015-2021) (Million US$)
Table 34. Global Body Armor Market Size Share by Application (2021-2028)
Table 35. North America Key Players Body Armor Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Body Armor Market Share (2019-2021)
Table 37. North America Body Armor Market Size by Type (2015-2021) (Million US$)
Table 38. North America Body Armor Market Share by Type (2015-2021)
Table 39. North America Body Armor Market Size by Application (2015-2021) (Million US$)
Table 40. North America Body Armor Market Share by Application (2015-2021)
Table 41. Europe Key Players Body Armor Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Body Armor Market Share (2019-2021)
Table 43. Europe Body Armor Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Body Armor Market Share by Type (2015-2021)
Table 45. Europe Body Armor Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Body Armor Market Share by Application (2015-2021)
Table 47. China Key Players Body Armor Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Body Armor Market Share (2019-2021)
Table 49. China Body Armor Market Size by Type (2015-2021) (Million US$)
Table 50. China Body Armor Market Share by Type (2015-2021)
Table 51. China Body Armor Market Size by Application (2015-2021) (Million US$)
Table 52. China Body Armor Market Share by Application (2015-2021)
Table 53. Japan Key Players Body Armor Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Body Armor Market Share (2019-2021)
Table 55. Japan Body Armor Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Body Armor Market Share by Type (2015-2021)
Table 57. Japan Body Armor Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Body Armor Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Body Armor Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Body Armor Market Share (2019-2021)
Table 61. Southeast Asia Body Armor Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Body Armor Market Share by Type (2015-2021)
Table 63. Southeast Asia Body Armor Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Body Armor Market Share by Application (2015-2021)
Table 65. India Key Players Body Armor Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Body Armor Market Share (2019-2021)
Table 67. India Body Armor Market Size by Type (2015-2021) (Million US$)
Table 68. India Body Armor Market Share by Type (2015-2021)
Table 69. India Body Armor Market Size by Application (2015-2021) (Million US$)
Table 70. India Body Armor Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Body Armor Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Body Armor Market Share (2019-2021)
Table 73. Central & South America Body Armor Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Body Armor Market Share by Type (2015-2021)
Table 75. Central & South America Body Armor Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Body Armor Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Body Armor Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Body Armor Market Share by Type: 2021 VS 2028
Figure 2. Global Body Armor Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Body Armor Market Report Years Considered
Figure 8. Global Body Armor Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Body Armor Market Share by Regions: 2021 VS 2028
Figure 10. Global Body Armor Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Body Armor Market Share by Players in 2019
Figure 13. Global Top Body Armor Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Body Armor Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Body Armor Market Revenue in 2019
Figure 15. North America Body Armor Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Body Armor Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Body Armor Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Body Armor Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Body Armor Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Body Armor Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Body Armor Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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