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Pulished Date November, 2021
ID: 12383
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Body Armor Market is segmentation by Products type (Soft armor, Hard Armor, Accessories), type(Level-II, Level II-A, Level III, Level III-A, Level IV) by material(UHMWPE, Steel, Aramid, Composite Ceramic,)by End-User (Defense/Military law, Law Enforcement/Police, Security, Corrections/corrective Services, Civilian, Medical Employees), Regional and Industry analysis forecast period 2021-2026.

Pulished: November, 2021
ID: 12383
Pages: 175

Body armor market Size & Growth 2021-2026:

The body armor market was valued at USD 2.45 billion in 2021 and is expected to reach USD 3.1 billion by 2026, registering at a CAGR of 5.4% from 2021 to 2026. Technological proliferation is the primary factor that is steadily transforming the armor industry. The increasing demand for modular tactical vests and double-sided combat uniforms is primarily due to their improved protection. In addition, the adoption of shields, helmets, and other protective equipment by police, security guards, and defense personnel has increased. Therefore, body armor accessories are expected to be in great demand in the market.

Market Drivers:

The body armor market is expected to benefit significantly from the escalating security concerns of armed forces and law enforcement officers across the world, especially in the US. In many leading economies such as the US, China, India, Japan, and others, the Defense Department of these countries has shown a massive investment to provide their troops with all the necessary security equipment. Government bodies in these countries have been promoting the sacrifices made by their armed forces that tend to increase their security concerns. For example, due to increased security concerns of the armed forces, the US government, through the National Institute of Justice, aims to provide proven certification for different body armor suitable for different LEVELS such as LEVEL I, LEVEL II-A, and others. The NIJ is currently working on a review with additional test methods, particularly for ballistic protection. This could help identify ancient armor used in law enforcement and security, leading to a push to replace armor with new standards. This initiative tends to drive the global body armor market growth in the next six years.

Market Restraints:

There is a massive demand for upgraded body armor that provides high protection with comfort with increasing technology. On the other hand, this growing demand has brought an adequate supply of these armors in the global market. This has posed a significant restraint to the growth of the body armor market during the forecast period. This will further curb the development of the body armor market by combining supply chain intervention with lower military spending due to the Covid. This is especially the case in the United States, where there is an estimated shortage of these products available on the market, following a significant uplift in gas masks, police spending on body armor, and other crowd control solutions majorly owing to civil unrest. These ever-last delays are expected to continue in the US in the short term but are expected to ease in the long run if demand declines. However, such civil instability-driven order could create deficits in other countries in the future. Therefore, these factors limit the body armor market growth during 201-2026.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

5.4%

Segments Covered

Product Type, By Type, By Material

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

BAE Systems Plc, Inc. Point Blank Enterprises MKU Pvt. Ltd. KDH Defense Systems Sarkar Defense Solutions Armor Source LLC Honeywell International, Inc. Safariland LLC Survitec Group Limited

Market Segmentation 

Body armor Market By Product Type:

  • Soft armor
  • Hard Armor
  • Accessories

The soft Armor segment is anticipated to account for the largest share of the body armor market and grow at a CAGR of 36% during the forecast period. Soft body armor is much lighter, comfortable, and flexible than hard body armor. It helps absorb and reduce too much energy and also decreases the possibility of injury. The US National Institute of Justice has established minimum performance mounts for soft bulletproof vests, such as level IIA soft bulletproof vests, typically designed to stop a 0.9mm FMJ (Full Metal Jacket) round at a velocity of 1,165 feet per second ft. Increasing consumer demand, security, and law enforcement applications will drive the soft armor segment in the future.

Body armor market By Type:

  • Level-II
  • Level II-A
  • Level III
  • Level III-A
  • Level IV

Based on type, the Level II Body Protection Plate is predicted to hold a significant body armor market share during the forecast period. It is incredibly lightweight, comfortable, and simple cover and provides substantial protection against blunt force trauma. Level II Armor is anticipated to have a stable CAGR during 2021-2026 since it can withstand damage from 9 mm rounds and 357 Magnum rounds. On the other hand, Level III is entry-level armor that will withstand rifle rounds. Level III-A is meant to support magnum and pistol rounds. 

Body armor market By Material:

  • UHMWP
  • Steel
  • Aramid
  • Composite Ceramic

The composite ceramic segment is anticipated to capture the maximum revenue share in the global market in 2020, accounting for more than 30% of global revenue. Most of it can be attributed to the increasing demand for bulletproof vests with high-strength defenses, and moreover, composite ceramic exhibits superior protective properties. These composite ceramic shields are small in size and lightweight and have a thicker structure than other materials. In addition, companies are focusing on investing heavily to include the properties of composite ceramic in most of the products to increase their product portfolio.

Body armor market By End-User:

  • Defense/Military law 
  • Law Enforcement/Police
  • Security
  • Corrections/corrective Services
  • Civilian
  • Medical Employees

The Defense segment is anticipated to hold more than 40% of the body armor market revenue in 2020 and will witness rapid growth during the forecast period. Soldiers wear metal or ceramic plates on their bulletproof vests, providing extra protection against bullets and rifles. In addition, metal parts of strongly and tightly woven fiber layers can offer smooth weapons that can hold stabbing and cutting attacks with knives and bayonets.

The civilian segment is expected to witness the highest CAGR of 7.7% during the forecast period. Most law-enforcement helmets and bulletproof vests are designed to defeat firearm threats and provide extra security during car accidents and other assaults on police officers. In addition, when it comes to civilian armor, these tend to focus on Level- IIA and Level-III armor. Due to today's technological advances, bulletproof vests are designed with synthetic fibers that have extremely high resistance and are flexible. As such, manufacturers opt for strong yet lightweight materials. In addition, the increasing demand from the commercial sector of hospitals / EMS, journalists, high-profile targets (politicians/lawyers/judges), CEOs, and jewelry/pawnshop owners, others are driving the use of bulletproof vests for security purposes. Therefore, the rapid growth in technologically advanced fibers and commercial applications is anticipated to drive market growth in the forecast period.

Regional Analysis:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle-East-America

The body armor market in the Asia Pacific region had a significant market share of 34.5% in 2020. According to SIPRI (Stockholm International Peace Research Institute) statistics, seven APAC countries experienced conflict-active armed forces in 2019. Among these, Afghanistan is a major internationalized civil war Country. This has significantly affected the growth of the body armor market in a positive direction. Furthermore, high-intensity border and sub-national armed conflicts between India and Pakistan, such as the suicide attack in Kashmir in 2019, have brought massive growth in the security concerns of armed personnel. This tends to drive the development of the Body Armor market in the forecast period. 

The United States, the tremendous power in the world military sector, is obliged to invest large amounts in this sector. According to statistics from SIPRI (Stockholm International Peace Research Institute), the United States government has invested heavily in equipment for the armed forces. This was recorded as $ 731.7 billion in 2019, representing approximately 90% of investments in North America. Furthermore, according to SIPRI, the US is analyzed as the largest exporter of military equipment, constituting 36% of the world's share. This has brought significant growth in the body armor market globally.

Recent Developments:

In January 2021, Honeywell announced the latest addition to its innovative Spectra Shield 6000 series of high-performance ballistic materials to meet stringent protective equipment requirements. 

Market Key Players:

  • BAE Systems Plc, Inc.
  • Point Blank Enterprises
  • MKU Pvt. Ltd.
  • KDH Defense Systems          
  • Sarkar Defense Solutions
  • Armor Source LLC
  • Honeywell International, Inc. 
  • Safariland LLC
  • Survitec Group Limited

Impact of Covid-19 On Body Armor Market:

The COVID-19 pandemic has slightly affected the body armor market in 2020. The effect on the market can be attributed to the temporary closure of several manufacturing companies and a significant decrease in demand for body armor from the police sector. The pandemic has caused a shortage of resources, such as raw materials and a limited workforce, affecting the production of body armor. Moreover, from August 2020, ballistic helmets, masks, and bulletproof shields increased in North America. The pandemic has affected global manufacturing activities and is expected to decline during covid-19.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferences                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restraints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquisitions Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Body Armor Market, By Products type                           

                                6.1.1 Soft armor               

                                6.1.2 Hard Armor             

                                6.1.3 Accessories             

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 Body Armor Market, By Type                             

                                6.2.1 Level-II     

                                6.2.2 Level II-A 

                                6.2.3 Level III     

                                6.2.4 Level III-A

                                6.2.5 Level IV    

                                6.2.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.7 Y-o-Y Growth Rate Analysis             

                                6.2.8 Market Attractiveness Index          

                6.3 Body Armor Market, By Material                      

                                6.3.1 UHMWPE

                                6.3.2 Steel          

                                6.3.3 Aramid      

                                6.3.4 Composite Ceramic             

                                6.3.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.6 Y-o-Y Growth Rate Analysis             

                                6.3.7 Market Attractiveness Index          

                6.4 Body Armor Market, By  End-User                   

                                6.4.1 Defense/Military law          

                                6.4.2 Law Enforcement/Police   

                                6.4.3 Security    

                                6.4.4 Corrections/corrective Services     

                                6.4.5 Civilian      

                                6.4.6 Medical Employees             

                                6.4.7 Market Size Estimations & Forecasts (2021-2026)   

                                6.4.8 Y-o-Y Growth Rate Analysis             

                                6.4.9 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Body Armor Market, by Region                           

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Products type  

                                7.2.3 By Type    

                                7.2.4 By Material             

                                7.2.5 By  End-User          

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Products type  

                                7.3.3 By Type    

                                7.3.4 By Material             

                                7.3.5 By  End-User          

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Products type  

                                7.4.3 By Type    

                                7.4.4 By Material             

                                7.4.5 By  End-User          

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Products type  

                                7.5.3 By Type    

                                7.5.4 By Material             

                                7.5.5 By  End-User          

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Products type  

                                7.6.3 By Type    

                                7.6.4 By Material             

                                7.6.5 By  End-User          

8. Key Player Analysis                                    

                8.1 Armor Source LLC                    

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Point Blank Enterprises                         

                8.3 MKU Pvt. Ltd.                             

                8.4 KDH Defense Systems                           

                8.5 Sarkar Defense Solutions                     

                8.6 Armor Source LLC                    

                8.7 Honeywell International,Inc.                              

                8.8 Safariland LLC                            

                8.9 Survitec Group Limited                          

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identifying the regions that are still untapped
  • The segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment
  • Competitive landscape analysis lists out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Body Armor Market By Region, From 2021-2026 ( USD Billion )
  2. Global Body Armor Market By Products type, From 2021-2026 ( USD Billion )
  3. Global Soft armor Market By Region, From 2021-2026 ( USD Billion )
  4. Global Hard Armor Market By Region, From 2021-2026 ( USD Billion )
  5. Global Accessories Market By Region, From 2021-2026 ( USD Billion )
  6. Global Body Armor Market By Type, From 2021-2026 ( USD Billion )
  7. Global Level-II Market By Region, From 2021-2026 ( USD Billion )
  8. Global Level II-A Market By Region, From 2021-2026 ( USD Billion )
  9. Global Level III Market By Region, From 2021-2026 ( USD Billion )
  10. Global Level III-A Market By Region, From 2021-2026 ( USD Billion )
  11. Global Level IV Market By Region, From 2021-2026 ( USD Billion )
  12. Global Body Armor Market By Material, From 2021-2026 ( USD Billion )
  13. Global UHMWPE Market By Region, From 2021-2026 ( USD Billion )
  14. Global Steel Market By Region, From 2021-2026 ( USD Billion )
  15. Global Aramid Market By Region, From 2021-2026 ( USD Billion )
  16. Global Composite Ceramic Market By Region, From 2021-2026 ( USD Billion )
  17. Global Body Armor Market By End-User, From 2021-2026 ( USD Billion )
  18. Global Defense/Military law Market By Region, From 2021-2026 ( USD Billion )
  19. Global Law Enforcement/Police Market By Region, From 2021-2026 ( USD Billion )
  20. Global Security Market By Region, From 2021-2026 ( USD Billion )
  21. Global Corrections/corrective Services Market By Region, From 2021-2026 ( USD Billion )
  22. Global Civilian Market By Region, From 2021-2026 ( USD Billion )
  23. Global Medical Employees Market By Region, From 2021-2026 ( USD Billion )

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