Global Body Armor Market 2024-2028
The body armor market is forecasted to grow by USD 9031 mn during 2023-2028, accelerating at a CAGR of 5.65% during the forecast period. The report on the body armor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in security threats, emergence of lightweight raw materials, and rising number of soldier modernization programs.
Technavio's body armor market is segmented as below:
By Type
By Product
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the ergonomically designed body armor as one of the prime reasons driving the body armor market growth during the next few years. Also, innovations in materials used for bulletproof jackets and integration of electronic components will lead to sizable demand in the market.
The report on the body armor market covers the following areas:
- Body armor market sizing
- Body armor market forecast
- Body armor market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading body armor market vendors that include 3M Co., Ace Link Industrial Inc., Armored Republic Holdings LLC, BAE Systems Plc, Canadian Armour Ltd., Craig International Ballistics Pty. Ltd., DFNDR Armor, DuPont de Nemours Inc., Hellweg International Pty Ltd., Hoplite Armor LLC, Indian Armour Systems Pvt. Ltd., MARS Armor, Med Eng Holdings ULC, Point Blank Enterprises Inc., PT Armor Inc., Spartan Armor Systems, Survival Armor Inc., Tote Systems Australia Pty. Ltd., U.S. ARMOR Corp., ULBRICHTS GMBH, and United Shield International LLC. Also, the body armor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.