Global Body Armor Market Growth 2023-2029

Global Body Armor Market Growth 2023-2029

The importance of body armor can be understood from the fact that it helps to protect personnel by acting as a shield against weapon attacks. Historically, its use was mostly limited to the military sector, but nowadays it is often used by the police, security guards and civilians as well. 

LPI (LP Information)' newest research report, the “Body Armor Industry Forecast” looks at past sales and reviews total world Body Armor sales in 2022, providing a comprehensive analysis by region and market sector of projected Body Armor sales for 2023 through 2029. With Body Armor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Body Armor industry.

This Insight Report provides a comprehensive analysis of the global Body Armor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Body Armor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Body Armor market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Body Armor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Body Armor.

The global Body Armor market size is projected to grow from US$ 1789.7 million in 2022 to US$ 2455.4 million in 2029; it is expected to grow at a CAGR of 2455.4 from 2023 to 2029.

The ongoing soldier modernization programs initiated by several governments across the globe are augmenting the sale of body armor. Organizations are also investing in state-of-art armor as they come with enhanced mobility, lethality, sustainability, and survivability, states Transparency Market Research. The increasing investments in research and development activities to develop light-weight materials and to incorporate technical precision in manufacturing body armor suits is likely to drive the growth of the market in the near future. The rising threats of terrorism due to political instability are also expected to boost the demand for body armor in the near future. 

This report presents a comprehensive overview, market shares, and growth opportunities of Body Armor market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Type 1
Type 2A
Type 2
Type 3A
Type 3
Type 4

Segmentation by application
Defense
Law Enforcement Protection
Civilians

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Point Blank Enterprises
Safariland
Kejo Limited Company
Hellweg International
Craig International Ballistics
Ballistic Body Armor
BAE Systems
AR500 Armor

Key Questions Addressed in this Report

What is the 10-year outlook for the global Body Armor market?

What factors are driving Body Armor market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Body Armor market opportunities vary by end market size?

How does Body Armor break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.