The global body armor market size is projected to reach USD 3.0 billion by 2025, according to a new report published by Million Insights, with a CAGR of 5.5% from 2019 to 2025. The emergence of warfare has considerably become asymmetric and consists of counter-insurgency and counter-terrorism. These conditions further prevail in the law enforcement division, wherein, criminals, law offenders, and felons can severely injure police officers thus, establishing the need for body armors.
The rise in warfare is fueling the demand for better ballistic protection products to protect the armed forces. Developing countries like China, India, and South Korea are focusing on replacing the conventional military equipment. Modernization methods have opened new avenues for market participants. Manufacturers are also merging with various military agencies on a contractual basis to acquire a competitive advantage.
Technological innovations have bolstered the body armor market growth thus, increasing the demand for products like dragon skin and liquid body armor. Moreover, the need for double-sided enclosed uniforms and modular tactical vests is rising because of its advantages like higher protection.
Market Share Insights
The key players include AR500 Armor; egis Engineering Ltd.; BAE Systems; Craig International Ballistics Pty Ltd.; Ballistic Body Armor Pty; Hellweg International; Ceradyne, Inc.; Kejo Limited Company; Pacific Safety Products; Safariland, LLC; and Point Blank Enterprises, Inc.
The industry participants are focusing on the formation of hi-tech and lightweight bodysuits to provide higher flexibility, performance, and comfort. For example, the United States Special Operations Command (USSOCOM) adopted the Tactical Assault Light Operator Suit (TALOS) for hi-tech armor for personal safety.
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Material Insights
Composite ceramics held the largest body armor market share in 2018 based on revenue. The benefits relating to higher performance, lightweight, and ballistic resistance against steel plates are fueling the demand for this segment.
Constant innovations and upgrades in the materials and technology used in the product have fostered the demand for body armor. The use of superior textile materials like nylon and Kevlar that make them lightweight in nature has further contributed to the growth of the product. Moreover, the use of natural fibers made out of cotton, thatch, and silk coupled with metals like steel, iron, and copper have accelerated the demand for body armors by armed services.
Application Insights
The defense held the largest revenue share in 2018. The requirement for defense suits with better stab and ballistic resistance for army officers is the major driver of the growth of the segment.
Defense agencies in countries like Canada, France, and the U.S., are aiming at augmenting personal protection for army troops and soldiers in the near future. These economies focus on possessing advanced protective headgears and superior body armors. Moreover, civilian segment application is expected to potentially grow in the near future due to an increase in cases of robberies, burglaries, and home invasions thus, bolstering the demand for armors among the public.
Regional Insights
North America held the largest market in 2018. Government military operations like the Soldier Protection System-Torso and Extremity Protection (SPS-TEP) for offering full-body armors to soldiers are expected to accelerate the market growth in the region. Moreover, the increased military expenditure in countries like Canada and U.S. has provided a boost to regional market growth.
The Asia Pacific is witnessed as the potential growth market over the years due to the increasing border and warfare disputes in countries like China, South Korea, and India. Rising government spending on the defense sector for arms and protection equipment is also expected to have a favorable impact on the market.
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