Body Armor Market by Type, Product, and Geography - Forecast and Analysis 2023-2027
- Published: Dec 2022
- Pages: 159
- SKU: IRTNTR71659
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The body armor market is estimated to grow at a CAGR of 5.29% between 2022 and 2027. The size of the market is forecast to increase by USD 7.99 billion. The growth of the market depends on several factors, including the integration of electronic components, the emergence of lightweight raw materials, and the rising number of soldier modernization programs.
This report extensively covers market segmentation by type (BPJ and BPH), product (overt and covert), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
What will be the size of the Body Armor Market During the Forecast Period?
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Parent Market Analysis
The reports categorize the global body armor market as a part of the global aerospace and defense market within the global capital goods market. The parent, global aerospace and defense market covers products and companies engaged in the production of aerial platforms used under commercial and general aviation; defense platforms used under naval, land, and air domains; arms and aircraft engine; defense electronics; defense logistics equipment; and space platforms, equipment, and launch vehicles. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
Body Armor Market: Key Drivers, Trends, Challenges, and Customer Landscape
The emergence of lightweight raw materials is notably driving the market growth, although factors such as difficulty in optimizing the weight of body armor may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Body Armor Market Driver
The emergence of lightweight raw materials is notably driving market growth. Vendors are focusing on using lightweight materials in the manufacturing process. For instance, Fibrotex, in collaboration with Israel Defense Forces, developed FIGHTEX, next-generation two-sided combat uniforms made of lightweight smart fabric. These uniforms use advanced materials that enhance soldiers' survivability during critical missions. These lightweight uniforms are fire-resistant and can be integrated with a range of other items, including Jackets, load carriers, and winter uniforms.
Optimal armor offers lightweight body armor, which enhances performance on the battlefield. Its Hadrian range of body armor typically weighs between 1.5 kg and 2.8 kg. With the increasing adoption of lightweight materials, the demand for lighter armor increases due to their advantages. This is expected to foster the growth of the market during the forecast period.
Significant Body Armor Market Trend
Innovations in materials used for bulletproof jackets are the primary trend in the market. There have been significant advancements in body armor, such as bulletproof jackets in recent years. The traditional forms of bulletproof jackets are made of a protective material known as Kevlar. Kevlar is the most commonly used material as armor for protection against bullets and is layered to block incoming bullets, which makes it approximately five times stronger than steel. However, in some cases, the material bends inwards up to 3.5 centimeters on impact.
Thus, the safety of the material is questionable as its inability to block bullets can cause serious injuries to the user. A new fluid, considered a non-Newtonian fluid, has been developed to enhance the drawbacks of traditional vests. Similarly, a new material called graphene is being used to manufacture defense equipment that is a single layer of carbon atoms linked up together to resemble a honeycomb structure. When the bullet hits the target on the graphene sheet, it stretches into a cone shape and absorbs the energy of the bullet at a much faster rate. Thus, the introduction of these raw materials will enhance the quality and safety of bulletproof jackets. This is expected to drive the growth of the market during the forecast period.
Major Body Armor Market Challenge
Difficulty in optimizing the weight of body armor is the major challenge impeding market growth. High-performance body armor is integrated with specialized equipment such as communication systems, face protection, video cameras, oxygen systems, and other advanced technologies, allowing the person to engage in combat without any hindrances. The weight of body armor increases, even more, when it is combined with devices such as radio, ammunition, and optics. These devices add extra weight to the heavy armor, which affects the mobility, flexibility, and efficiency of the wearer.
The heavy weight of body armor is forcing vendors to fund R&D to optimize the manufacturing process and reduce its weight. They also need to develop armor with health monitors and communication equipment, increasing the cost of operation and leading to challenges in optimizing the price and weight of the product. This could become a major challenge for the growth of the market during the forecast period.
Key Body Armor Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Body Armor Market Customer Landscape
Who are the Major Body Armor Market Vendors?
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ace Link Industrial Inc. - The company offers body armor products such as Patrol, Livewire, and Apex. Through this segment, the company offers body armor in Phoenix, AZ, and provides tools of liberty like body armor, plate carriers, and accessories.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
- 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
- United Shield International LLC
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
What is the Fastest-Growing Segment in the Body Armor Market?
The market share growth of the BPJ segment will be significant during the forecast period. A BPJ, also known as a ballistic jacket, is a body armor that absorbs impacts and helps reduce or prevent fragmentation due to projectile intrusion from firearms and explosions. These jackets can be in a soft shape, which is worn by many police officers, prison guards, and guards. BPJ meets the requirements of the defense forces, paramilitary forces, and dignitaries. This will fuel the market growth during the forecast period.
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The BPJ segment was valued at USD 16.67 billion in 2017 and continued to grow until 2021. The trend of crime, violence, and terrorism is on the rise and so is the demand for bulletproof clothing. Defense, paramilitary forces involved in counterterrorism and insurgent activities, and law enforcement organizations are the main consumers of bulletproof clothing (police). The growing use of bulletproof jackets is expected to drive the growth of the segment in the market during the forecast period.
Which are the Key Regions for the Body Armor Market?
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APAC is estimated to contribute 54% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
India is a major exporter of sophisticated bulletproof jackets and helmets to about 250 troops in more than 100 countries, especially to the British, German, Spanish, and French troops and to the US and Japanese police forces. The bulletproof jackets manufactured in India under the Make in India initiative comply with the IS17051:2018 standards formulated by the Bureau of Indian Standards (BIS). Apart from the US, the UK, and Germany, India is the only country with its national standard on bulletproof jackets. The BIS-certified jackets are available in different sizes and ensure 360-degree protection against bullets fired from assault rifles such as AK-47s, which have a traversing speed of 700 meters per second. Moreover, the rampant threat of terror attacks has encouraged the Indian government to procure critical protective equipment for the defense forces.
The outbreak of COVID-19 adversely affected the economic growth in APAC. However, due to growing geopolitical tensions in the region, countries spent heavily on their defense sector. For instance, amid the threat of the use of steel core bullets by terrorists in India, the Indian Army has issued tenders for acquiring 62,500 bulletproof jackets (BPJs) for its frontline troops, which would be able to protect them from such bullets. Such factors are expected to drive the growth of the market in APAC during the forecast period.
Segment Overview
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Type (BPJ and BPH), Product (Overt and Covert), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).
- Type Outlook (USD Billion, 2017 - 2027)
- BPJ
- BPH
- Product Outlook (USD Billion, 2017 - 2027)
- Overt
- Covert
- Region Outlook (USD Billion, 2017 - 2027)
- APAC
- China
- India
- Europe
- The U.K.
- Germany
- France
- Rest of Europe
- North America
- The U.S.
- Canada
- South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- APAC
Body Armor Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.29% |
Market growth 2023-2027 |
USD 7.99 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.04 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 54% |
Key countries |
US, Turkey, India, China, and Russia |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
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 |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Body Armor Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the body armor market between 2023 and 2027
- Precise estimation of the body armor market size and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the industry across APAC, Europe, North America, South America, and Middle East and Africa
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of body armor market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global body armor market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global body armor market 2017 - 2021 ($ billion)
- 4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
- 4.3 Product Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
- 6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type
- 6.3 BPJ - Market size and forecast 2022-2027
- Exhibit 34: Chart on BPJ - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on BPJ - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on BPJ - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on BPJ - Year-over-year growth 2022-2027 (%)
- 6.4 BPH - Market size and forecast 2022-2027
- Exhibit 38: Chart on BPH - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on BPH - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on BPH - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on BPH - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type ($ billion)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 43: Chart on Product - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Product - Market share 2022-2027 (%)
- 7.2 Comparison by Product
- Exhibit 45: Chart on Comparison by Product
- Exhibit 46: Data Table on Comparison by Product
- 7.3 Overt - Market size and forecast 2022-2027
- Exhibit 47: Chart on Overt - Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Data Table on Overt - Market size and forecast 2022-2027 ($ billion)
- Exhibit 49: Chart on Overt - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Overt - Year-over-year growth 2022-2027 (%)
- 7.4 Covert - Market size and forecast 2022-2027
- Exhibit 51: Chart on Covert - Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Data Table on Covert - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Chart on Covert - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Covert - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Product
- Exhibit 55: Market opportunity by Product ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 57: Chart on Market share by geography 2022-2027 (%)
- Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 59: Chart on Geographic comparison
- Exhibit 60: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 North America - Market size and forecast 2022-2027
- Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 India - Market size and forecast 2022-2027
- Exhibit 81: Chart on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 82: Data Table on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 83: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on India - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 Russia - Market size and forecast 2022-2027
- Exhibit 89: Chart on Russia - Market size and forecast 2022-2027 ($ billion)
- Exhibit 90: Data Table on Russia - Market size and forecast 2022-2027 ($ billion)
- Exhibit 91: Chart on Russia - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on Russia - Year-over-year growth 2022-2027 (%)
- 9.11 US - Market size and forecast 2022-2027
- Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.12 Turkey - Market size and forecast 2022-2027
- Exhibit 97: Chart on Turkey - Market size and forecast 2022-2027 ($ billion)
- Exhibit 98: Data Table on Turkey - Market size and forecast 2022-2027 ($ billion)
- Exhibit 99: Chart on Turkey - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on Turkey - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 101: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 102: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 104: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 105: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 106: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 107: Matrix on vendor position and classification
- 12.3 3M Co.
- Exhibit 108: 3M Co. - Overview
- Exhibit 109: 3M Co. - Business segments
- Exhibit 110: 3M Co. - Key news
- Exhibit 111: 3M Co. - Key offerings
- Exhibit 112: 3M Co. - Segment focus
- 12.4 Ace Link Industrial Inc.
- Exhibit 113: Ace Link Industrial Inc. - Overview
- Exhibit 114: Ace Link Industrial Inc. - Product / Service
- Exhibit 115: Ace Link Industrial Inc. - Key offerings
- 12.5 Armored Republic Holdings LLC
- Exhibit 116: Armored Republic Holdings LLC - Overview
- Exhibit 117: Armored Republic Holdings LLC - Product / Service
- Exhibit 118: Armored Republic Holdings LLC - Key offerings
- 12.6 BAE Systems Plc
- Exhibit 119: BAE Systems Plc - Overview
- Exhibit 120: BAE Systems Plc - Business segments
- Exhibit 121: BAE Systems Plc - Key offerings
- Exhibit 122: BAE Systems Plc - Segment focus
- 12.7 Canadian Armour Ltd.
- Exhibit 123: Canadian Armour Ltd. - Overview
- Exhibit 124: Canadian Armour Ltd. - Product / Service
- Exhibit 125: Canadian Armour Ltd. - Key offerings
- 12.8 Craig International Ballistics Pty. Ltd.
- Exhibit 126: Craig International Ballistics Pty. Ltd. - Overview
- Exhibit 127: Craig International Ballistics Pty. Ltd. - Product / Service
- Exhibit 128: Craig International Ballistics Pty. Ltd. - Key offerings
- 12.9 DFNDR Armor
- Exhibit 129: DFNDR Armor - Overview
- Exhibit 130: DFNDR Armor - Product / Service
- Exhibit 131: DFNDR Armor - Key offerings
- 12.10 DuPont de Nemours Inc.
- Exhibit 132: DuPont de Nemours Inc. - Overview
- Exhibit 133: DuPont de Nemours Inc. - Business segments
- Exhibit 134: DuPont de Nemours Inc. - Key news
- Exhibit 135: DuPont de Nemours Inc. - Key offerings
- Exhibit 136: DuPont de Nemours Inc. - Segment focus
- 12.11 Hellweg International Pty Ltd.
- Exhibit 137: Hellweg International Pty Ltd. - Overview
- Exhibit 138: Hellweg International Pty Ltd. - Product / Service
- Exhibit 139: Hellweg International Pty Ltd. - Key offerings
- 12.12 Hoplite Armor LLC
- Exhibit 140: Hoplite Armor LLC - Overview
- Exhibit 141: Hoplite Armor LLC - Product / Service
- Exhibit 142: Hoplite Armor LLC - Key offerings
- 12.13 Med Eng Holdings ULC
- Exhibit 143: Med Eng Holdings ULC - Overview
- Exhibit 144: Med Eng Holdings ULC - Product / Service
- Exhibit 145: Med Eng Holdings ULC - Key offerings
- 12.14 Point Blank Enterprises Inc.
- Exhibit 146: Point Blank Enterprises Inc. - Overview
- Exhibit 147: Point Blank Enterprises Inc. - Product / Service
- Exhibit 148: Point Blank Enterprises Inc. - Key offerings
- 12.15 Spartan Armor Systems
- Exhibit 149: Spartan Armor Systems - Overview
- Exhibit 150: Spartan Armor Systems - Product / Service
- Exhibit 151: Spartan Armor Systems - Key offerings
- 12.16 U.S. ARMOR Corp.
- Exhibit 152: U.S. ARMOR Corp. - Overview
- Exhibit 153: U.S. ARMOR Corp. - Product / Service
- Exhibit 154: U.S. ARMOR Corp. - Key offerings
- 12.17 United Shield International LLC
- Exhibit 155: United Shield International LLC - Overview
- Exhibit 156: United Shield International LLC - Product / Service
- Exhibit 157: United Shield International LLC - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 158: Inclusions checklist
- Exhibit 159: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 160: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 161: Research methodology
- Exhibit 162: Validation techniques employed for market sizing
- Exhibit 163: Information sources
- 13.5 List of abbreviations
- Exhibit 164: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- Turkey
- India
- China
- Russia
- Rise in security threats
- Ergonomically designed body armor
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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