The
global body armor market size is expected to reach USD
2,510.2 million by 2026 according to a new study by Polaris Market Research.
The report “Body Armor
Market Share, Size, Trends, Industry Analysis Report By Level, By Material
(Metals & Alloys, Composite, Fibers, Fiberglass and Others); By Application
(Defense & Security Personnel, Law Enforcement Officers, Civilians); By
Product, By Style; By Regions, Segments & Forecast, 2019 – 2026” gives
a detailed insight into current market dynamics and provides analysis on future
market growth.
The moving
concern displayed by defense and security industry towards safety and security
of military personnel is propelling the need for body armor. Several developed
and developing nations are conducting modernization program in the best
interests of security and military personnel. This is to offer best protection
products. Developed nations such as U.S., UK, Russia and France are taking
rapid strides to replace their traditional armor system with new advanced body
armor. A recent move towards lightweight and flexible armor with nanotechnology
materials and fibers in use has been initiated and will positively favor market
in near future. Lately, precision technologies such as liquid body armor and
dragon skin are contributing value to the market.
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Sample PDF : https://www.polarismarketresearch.com/industry-analysis/body-armor-market/request-for-sample
The key
players in the market include BAE Systems, Inc., Honeywell International,
Inc., U.S. Armor Corporation, DuPont Deenside LTD., Blank Enterprises, Inc.,
Sarkar Defense Solutions, MKU Pvt. Ltd., Safariland LLC, Uvex Group, Avon
Protections Systems, Inc. Aegis Engineering Ltd., AR500 Armor, Ballistic Body
Armour (Pty) Ltd, Craig International Ballistics Pty Ltd., Hellweg
International, Kejo Limited Company, Pacific Safety Products and Ceredyne (3M)
among others.
However
cross-border tensions, global anarchy, regional warfare and a stimulus package
by way of government thought for safety of armed forces personnel drives growth
for body armor market. The body armors are devised in a manner that shunts
piercing attacks and are categorized on their ability to deflect bullets.
Earlier body armors were only licensed to soldiers but now due to escalating
war-like tensions in the border areas, it is used by security guards, police
and individuals to feel safe.
Rising
incidents of clashes and frictions observed in Asia, Middle East, Sub Saharan
region, Russia and other nations related to terrorism, piracy, arms smuggling,
drugs and exploitation are taking a toll on human lives. Security and defense
personnel are targeted and hence safety measures are deployed to prevent such
crimes. These trends are anticipated to bolster market growth during forecast
period.
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North
America and Europe seize more than half of overall body armor market. This is
due to the continuing solder modernization programs conducted across these
regions. Safety of soldiers is high on the agenda for the country’s defense
agency without cutting any corners in the program execution. Law enforcement
officials have to constantly upgrade themselves due to rising instances of
arson and riots across several countries. The threat of terrorism has led to
the increased implementation of body armors. The region is expected to continue
its dominance over the forecast period. The markets in Asia Pacific, MEA and
South American region are expected to observe high growth during coming years.
The increasing growth in Asia Pacific is attributed to the increased Government
expenditure in new-age technology adoption in defense. Thus, the region is
expected to do highly with excellent CAGR during forecast period.
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Research
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