January 28, 2022
According to the research report titled ‘Body Armor Market Size By Product (Concealable Armor, Tactical Armor, Stab Armor), By Body Type (Unisex Armor, Male Armor, Female Armor [Shaped, Formed]), By End-use (Defense, Law Enforcement Officers, Civilians), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2021-2027’, available with MarketStudyReport, global body armor market size is touted to witness significant expansion over the analysis period 2021-2027.
Rising geopolitical tensions around the world, and increasing number of terrorist attacks in public places are the primary factors propelling global body armor market growth.
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For the uninitiated, body armor is one of the most important safety equipment used by defense personnel and law enforcement officers for personal protection. It protects the wearer against ballistics; and has also been proven to provide extra protection in car accidents and other assaults.
Moreover, manufacturers have been increasingly adopting strategic initiatives to capture a larger market share, which is further driving the overall remuneration scope. The emerging demand for technological integration has prompted more R&D activities for creating improved designs of existing body armors, which is positively influencing the market outlook.
However, weight problems in steel armor, and issues such as injuries and chronic back pain caused by body armor are likely to impede market development over the upcoming years.
Based on body type fragmentation of worldwide body armor industry, formed female body armor segment is slated to witness substantial growth through 2027, owing to surging demand for comfortably fitted body armor for female officers in law enforcement and defense sectors.
Considering end-user spectrum, the defense segment is poised to deliver remarkable returns by the end of 2027, driven by advancements in ballistic vests and growing military expenditure.
From a regional frame of reference, Latin America market is projected to record a CAGR of 2.5% over the analysis timeframe to garner a substantial market share by 2027. This can be attributed to the surging crime rate in the region.
Prominent players in global body armor marketplace include Honeywell International Inc., Avon Protection plc, DuPont De Nemours Inc., Point Blank Enterprises Inc., and Safariland LLC.