July 12, 2022
According to the research report titled ‘Global Body Armor Market Size study, by Level Outlook (Level I, Level IIA, Level II, Level IIIA, Level III, Level IV), by Material Type (Steel, UHMWPE, Aramid, Composite, Ceramic, Others), by Product Type (Soft Armor, Hard Armor, Accessories), by Application (Defense, Law Enforcement Protection, Civilians) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global body armor market was worth USD 2.3 billion in 2021 and is anticipated to expand at a CAGR of 5.4% during the analysis timeframe to amass USD 3.4 billion by the year 2028.
Report findings suggest that global body armor market growth is attributed to rising government spending on the enhancement of military infrastructure, and increasing crime rates around the world.
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For the unversed, protective clothing called body armor is designed to absorb or deflect physical blows. A greater focus on personnel protective gear in the military and defense industries is boosting the market sales.
Furthermore, ever-increasing military recruitment, demand for steel protective gears and ceramic plates, and growing technical advancements to produce lighter body armor are expected to augment industry outlook in the coming years.
However, key challenges of decreasing the weight of body armor without sacrificing quality may impede market expansion during the forecast duration.
Based on level outlook, worldwide body armor industry is divided into level IV, level III, level IIIA, level II, level IIA, and level I. In terms of material type, the market is branched into ceramic, composite, aramid, UHMWPE, steel, and others. On the basis of application, the marketplace is segregated into civilians, law enforcement protection, and defense. Speaking of product type, the industry is classified into hard armor, soft armor, and accessories.
Regionally, North America is a major revenue contributor to the market at present and is slated to grow at a rapid pace in the coming years, owing to presence of one of the world’s largest defense & military sector in the U.S.
Point Blank Enterprises Inc., Pacific Safety Products Inc., Kejo Limited Company, Hellweg International Pty Ltd., Ceradyne Incorporated, Craig International Ballistics Pty Ltd., Ballistic Body Armour (Pty) Ltd., BAE Systems plc, AR500 Armor, and AEGIS Engineering Systems Ltd. are the leading players in global body armor market.