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Body Armor Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71659
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The body armor market share is expected to increase by USD 5.85 billion from 2021 to 2026, and the market’s growth momentum will decelerate at a CAGR of 4.00%.

This body armor market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers body armor market segmentation by type (BPJ and BPH) and geography (APAC, Europe, North America, South America, and MEA). The body armor market report also offers information on several market vendors, including 3M Co., AR500 Armor, BAE Systems Plc, Craig International Ballistics Pty Ltd, Hellweg International Pty Ltd, Med-Eng Holdings ULC, Point Blank Enterprises Inc., Safariland LLC, U.S. ARMOR Corp., and United Shield International LLC among others.

What will the Body Armor Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Body Armor Market Size for the Forecast Period and Other Important Statistics

 

Body Armor Market: Key Drivers and Challenges

The rise in security threats is notably driving the body armor market growth, although factors such as difficulty in optimizing the weight of body armor may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the body armor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Body Armor Market Driver

One of the key factors driving growth in the body armor market is the rise in security threats. The rise in conflicts, domestic terrorism, damage from attacks, cross-border terrorism, and other hazards pose a threat to national security. In combat fields, 95% of injuries sustained by military forces are caused by falling or flying glass, explosive fragments, and mortar shrapnel. Loss of lives in combat fields has necessitated the improvement in protective armor for troops. Thus, despite the cuts in the defense budget, countries in North America and Europe are investing in improving ballistic protection equipment and armor for troops and vehicles. Vendors have innovated ballistic protection equipment, which is a part of the global body armor market, by introducing lightweight and flexible body armor, ballistic armor for women, advanced ballistic materials. Additionally, manufacturers are focusing on offering breathable and fireproof fabric clothes that can protect the wearer from slash-type attacks.

Key Body Armor Market Challenge

The difficulty in optimizing the weight of body armor will be a major challenge for the body armor market during the forecast period. Although vendors are focusing on using lightweight materials for manufacturing body armor, the weight of the body armor still poses a challenge for the market. High-performance body armor is integrated with specialized equipment, allowing the person to engage in combat without any hindrances. The weight of body armor increases when it is combined with devices such as radio, ammunition, and optics. Body armor is also integrated with communication systems, face protection, video cameras, oxygen systems, and other advanced technologies. These devices add extra weight to the heavy armor, which affects the mobility, flexibility, and efficiency of the wearer. The heavyweight of body armor is forcing vendors to fund R&D to optimize the manufacturing process and reduce its weight.

This body armor market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Body Armor Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 3M Co.
  • AR500 Armor
  • BAE Systems Plc
  • Craig International Ballistics Pty Ltd
  • Hellweg International Pty Ltd
  • Med-Eng Holdings ULC
  • Point Blank Enterprises Inc.
  • Safariland LLC
  • U.S. ARMOR Corp.
  • United Shield International LLC

 

This statistical study of the body armor market encompasses successful business strategies deployed by the key vendors. The body armor market is fragmented and the vendors are deploying growth strategies such as focusing on distinguishing their product and service offerings through a unique value proposition to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The body armor market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Body Armor Market?

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50% of the market’s growth will originate from APAC during the forecast period. India and China are the key markets for body armor in APAC. However, the market growth rate in this region will be slower than the growth of the market in the European, MEA, and South American regions.

Geopolitical scenarios in the region have become hotspots for unprecedented skirmishes and armed conflicts, especially in the Indochina border. This will facilitate the body armor market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Body Armor Market?

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The body armor market share growth by the BPJ segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the body armor market size and actionable market insights on post COVID-19 impact on each segment.

 

Body Armor Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.00%

Market growth 2022-2026

$ 5.85 billion

Market structure

Fragmented

YoY growth (%)

4.28

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 50%

Key consumer countries

India, China, Russian Federation, US, and Turkey

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3M Co., AR500 Armor, BAE Systems Plc, Craig International Ballistics Pty Ltd, Hellweg International Pty Ltd, Med-Eng Holdings ULC, Point Blank Enterprises Inc., Safariland LLC, U.S. ARMOR Corp., 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, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Body Armor Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive body armor market growth during the next five years
  • Precise estimation of the body armor market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the body armor industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of body armor market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • BPJ - Market size and forecast 2021-2026
  • BPH - Market size and forecast 2021-2026
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2021-2026
  • Europe - Market size and forecast 2021-2026
  • North America - Market size and forecast 2021-2026
  • South America - Market size and forecast 2021-2026
  • MEA - Market size and forecast 2021-2026
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 3M Co.
  • AR500 Armor
  • BAE Systems Plc
  • Craig International Ballistics Pty Ltd
  • Hellweg International Pty Ltd
  • Med-Eng Holdings ULC
  • Point Blank Enterprises Inc.
  • Safariland LLC
  • U.S. ARMOR Corp.
  • United Shield International LLC

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • 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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The body armor market growth will increase by $5.85 billion during 2021-2026.
The body armor market is expected to grow at a CAGR of 4.00% during 2021-2026.
Technavio has segmented the body armor market by type (BPJ and BPH) and geographic (APAC, Europe, North America, South America, and MEA).
3M Co., AR500 Armor, BAE Systems Plc, Craig International Ballistics Pty Ltd, Hellweg International Pty Ltd, Med-Eng Holdings ULC, Point Blank Enterprises Inc., Safariland LLC, U.S. ARMOR Corp., United Shield International LLC are a few of the key vendors in the body armor market.
APAC will register the highest growth rate of 49.91% among the other regions. Therefore, the body armor market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • India
  • China
  • Russian Federation
  • US
  • Turkey
The key factors driving the body armor market growth are:
  • Rise in security threats
The body armor market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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