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Global Body Armour Market is Expected to Grow at a CAGR of 5% in the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘Global Body Armour Market Report and Forecast 2021-2026’, the global body armour market attained a value of USD 2.5 billion in 2020. The industry is further expected to grow at a CAGR of 5% in the forecast period of 2021-2026.

Body armour is a protective material that is designed to absorb or deflect physical attacks and is used to protect military personnel, police (riot police in particular), private security guards or bodyguards, and occasionally ordinary civilians. These armours have been upgraded constantly, from the use of easily accessible materials, such as natural fibres made from silk, cotton, and thatch, to various metals, such as iron, steel, and copper. Continuous innovations in manufacturing technologies have led to the advent of advanced textile materials, such as Kevlar and nylon, used to produce lightweight armour with improved ballistic protection capabilities. The lightweight feature undoubtedly enhances the mobility and response time of security personnel, law enforcement officers, and military troops. These favourable properties of the product and innovations in the industry have aided the global body armour market's growth in the historical period.

Globally, North America is one of the leading regional markets for body armour due to government-initiated programmes, such as the Soldier Protection System-Torso and Extremity Protection (SPS-TEP), aimed at providing full body armours to armed forces, and higher expenditure on the military sector in countries like the United States and Canada. The regional market is also being aided by the high penetration of the major players in the region like Pacific Safety Products Inc., AR500 Armour, and Ceradyne Inc., which is a wholly-owned subsidiary of 3M (NYSE: MMM). The Asia Pacific is also anticipated to be a leading market for body armour in the coming years as traditional systems are being replaced. Also, the increasing border disputes in countries like India, China, and South Korea have led to the high demand for personnel protection equipment for ground troops, further aiding the market growth.

Market Analysis by Product, Level, Material, Application, and Region:

  • The global body armour market is segmented based on product into soft armour, hard armour, and accessories. 
  • Based on level, the market is divided into level I, level IIA, level II, level IIIA, level III, and level IV.
  • By material, the market has been categorised into steel, ultra-high-molecular-weight polyethylene (UHMWPE), aramid, composite ceramic, and others.
  • The major application segments of body armour are defence, law enforcement protection, and civilians, among others.
  • The major regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing investments by countries into the defence budget and personnel protection are driving the growth of the market.
  • The rising demand for composite ceramics, owing to their better ballistic resistance, higher performance, and lightweight, is aiding the body armour market globally.
  • The increasing need for providing suits with enhanced ballistic and stab resistance for soldiers is one of the primary drivers of the market growth.
  • In the coming years, the market is projected to be aided by the rising international conflicts and improvements in body armour technology.

Key Offerings of the Report:

  • The EMR report gives an overview of the global body armour market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the products, levels, materials, applications, and major regions of body armour.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter's Five Forces models.

The major players in the global body armour market are Aegis Engineering Ltd., BAE Systems plc, AR500 Armour, Ballistic Body Armour (Pty) Ltd., Craig International Ballistics Pty Ltd., Ceradyne Inc. (Subsidiary of 3M), Kejo Limited Company, and Pacific Safety Products Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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