Product Code: 978-1-68038-938-8
Body Armor Market Growth & Trends:
The global body armor market size is expected to reach USD 4.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 6.6% from 2022 to 2030. Increasing demand for enhancing soldier safety and ensuring survivability across various end users is expected to drive the growth of the industry.
Technological advancements are reshaping the market for body armor consistently. In recent years, the need for novel approaches has steadily increased. For instance, in May 2022, Ordnance Clothing Factory announced working with DRDO on the development of lightweight bulletproof vests. Technological advancements and the rising availability of lightweight body armor are anticipated to fuel industry expansion.
The demand for body armor and personal protection equipment is expected to increase as initiatives toward modernization and technological innovations prompt military forces and security agencies to opt for the latest equipment. External security threats, internal security threats, and territorial disputes are also expected to drive product demand over the forecast period.
The increase in military spending by established and emerging countries throughout the world is expected to be the key factor driving the development of the industry. For instance, as reported in March 2021, Sao Paulo military police initiated a tender for around 15,000 ballistic vests, which was based on the latest NIJ 0101.06 standard. Furthermore, increased terrorism in various nations such as the Asia Pacific and South America prompts governments to focus on increasing reinforcement of personal safety.
Rising domestic concerns like political violence and economic sabotage, as well as exterior perils like terrorist attacks and illegal trafficking, are expected to increase the demand for the global body armor market.Consequently, rising geopolitical tension and a surge in military conflicts between powerful nations worldwide are likely to increase the demand for this product to protect military troops.
Vendors active in the market are aggressively focusing on expanding their customer base and gaining a competitive edge over their competitors. For instance, in Jan 2020, 3M announced the completion of the sale of the company's advanced-ballistic protection business for USD 91 Mn to Avon Rubber p.l.c., before closing and other adjustments.
Body Armor Market Report Highlights:
- Protection level IIIA protection accounted for 31.9% of the global revenue share in 2021. Level IIIA vests are relatively light, flexible, and easily discrete under clothes, but can defeat a wider range of ammunition than most of the other protection levels
- The defense segment accounted for 58.9% of the global revenue share in 2021. This can be attributed to the progression of battlefield threats such as bone-breaking batons or shrapnel in improvised explosive devices and higher expenditure by governments on the safety of the defense personnel
- The covert style of body armor is expected to register a CAGR of 6.9% over the forecast period. Demand from civilians and covert operation officers for covert body armor products is rising, driving the growth
- Asia Pacific is estimated to witness a CAGR of 7.0% over the forecast period owing to the growing instances of warfare and border disputes coupled with an increase in the insurgency in the region
- Manufacturers are focusing aggressively on expanding their customer base so they pursue various strategic initiatives, including mergers & acquisitions, collaborations, and new product/ technology development. For instance, in December 2021, Alexium International Group Limited announced the launch of Eclipsys-based body armor products targeting enhanced cooling
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope and Assumptions
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources
- 1.3.4. Third-Party Perspectives
- 1.3.5. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List to Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Segmentation & Scope
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Market Opportunity Analysis
- 3.5. COVID-19 Impact Analysis
- 3.6. Business Environmental Tools Analysis
- 3.6.1. Porter's Five Forces Analysis
- 3.6.1.1. Bargaining Power of Suppliers
- 3.6.1.2. Bargaining Power of Buyers
- 3.6.1.3. Threat of Substitution
- 3.6.1.4. Threat of New Entrants
- 3.6.1.5. Competitive Rivalry
- 3.6.2. PESTLE Analysis
- 3.6.2.1. Political Landscape
- 3.6.2.2. Economic Landscape
- 3.6.2.3. Social Landscape
- 3.6.2.4. Technology Landscape
- 3.6.2.5. Environmental Landscape
- 3.6.2.6. Legal Landscape
Chapter 4. Body Armor Market: Level Estimates & Trend Analysis
- 4.1. Body Armor Market: Level Movement Analysis, 2021 & 2030
- 4.2. Level II
- 4.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.3. Level IIA
- 4.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.4. Level III
- 4.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.5. Level IIIA
- 4.5.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 4.6. Level IV
- 4.6.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
Chapter 5. Body Armor Market: End-user Estimates & Trend Analysis
- 5.1. Body Armor Market: End-user Movement Analysis, 2021 & 2030
- 5.2. Defense
- 5.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 5.3. Law Enforcement & Security Personnel
- 5.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 5.4. Civilians
- 5.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
Chapter 6. Body Armor Market: Type Estimates & Trend Analysis
- 6.1. Body Armor Market: Type Movement Analysis, 2021 & 2030
- 6.2. Vest
- 6.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 6.3. Helmet
- 6.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 6.4. Other
- 6.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
Chapter 7. Body Armor Market: Style Estimates & Trend Analysis
- 7.1. Body Armor Market: Style Movement Analysis, 2021 & 2030
- 7.2. Covert
- 7.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 7.3. Overt
- 7.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
Chapter 8. Body Armor Market: Regional Estimates & Trend Analysis
- 8.1. Body Armor Region Movement Analysis, 2021 & 2030
- 8.2. North America
- 8.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.2.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.2.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.2.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.2.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.2.6. U.S.
- 8.2.6.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.2.6.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.2.6.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.2.6.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.2.6.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.2.7. Canada
- 8.2.7.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.2.7.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.2.7.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.2.7.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.2.7.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.2.8. Mexico
- 8.2.8.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.2.8.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.2.8.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.2.8.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.2.8.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.3. Europe
- 8.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.3.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.3.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.3.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.3.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.3.6. U.K.
- 8.3.6.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.3.6.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.3.6.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.3.6.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.3.6.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.3.7. Germany
- 8.3.7.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.3.7.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.3.7.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.3.7.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.3.7.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.3.8. France
- 8.3.8.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.3.8.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.3.8.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.3.8.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.3.8.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.3.9. Italy
- 8.3.9.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.3.9.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.3.9.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.3.9.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.3.9.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.4.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.4.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.4.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.4.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.4.6. China
- 8.4.6.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.4.6.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.4.6.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.4.6.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.4.6.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.4.7. India
- 8.4.7.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.4.7.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.4.7.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.4.7.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.4.7.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.4.8. Japan
- 8.4.8.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.4.8.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.4.8.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.4.8.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.4.8.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.4.9. Australia
- 8.4.9.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.4.9.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.4.9.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.4.9.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.4.9.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.5. Central & South America
- 8.5.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.5.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.5.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.5.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.5.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.5.6. Brazil
- 8.5.6.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.5.6.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.5.6.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.5.6.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.5.6.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.5.7. Argentina
- 8.5.7.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.5.7.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.5.7.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.5.7.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.5.7.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.6. Middle East & Africa
- 8.6.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.6.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.6.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.6.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.6.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.6.6. Saudi Arabia
- 8.6.6.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.6.6.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.6.6.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.6.6.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.6.6.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
- 8.6.7. UAE
- 8.6.7.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
- 8.6.7.2. Market estimates and forecasts, by protection level, 2017 - 2030 (USD Billion)
- 8.6.7.3. Market estimates and forecasts, by end-user, 2017 - 2030 (USD Billion)
- 8.6.7.4. Market estimates and forecasts, by type, 2017 - 2030 (USD Billion)
- 8.6.7.5. Market estimates and forecasts, by style, 2017 - 2030 (USD Billion)
Chapter 9. Competitive Landscape
- 9.1. Key Players, Recent Developments & Their Impact on the Industry
- 9.2. Key Company/Competition Categorization
- 9.3. Vendor Landscape
- 9.4. Competitive Dashboard Analysis
- 9.5. Public Companies
- 9.5.1. Company Market Position Analysis
- 9.6. Private Companies
- 9.6.1. List of Key Emerging Companies and Their Geographical Presence
Chapter 10. Company Profiles
- 10.1. Safariland, LLC
- 10.1.1. Company overview
- 10.1.2. Financial performance
- 10.1.3. Product benchmarking
- 10.1.4. Strategic initiatives
- 10.2. Point Blank Enterprises, Inc.
- 10.2.1. Company overview
- 10.2.2. Financial performance
- 10.2.3. Product benchmarking
- 10.2.4. Strategic initiatives
- 10.3. Elmon SA
- 10.3.1. Company overview
- 10.3.2. Financial performance
- 10.3.3. Product benchmarking
- 10.3.4. Strategic initiatives
- 10.4. Ballistic Body Armor Pty
- 10.4.1. Company overview
- 10.4.2. Financial performance
- 10.4.3. Product benchmarking
- 10.4.4. Strategic initiatives
- 10.5. Pacific Safety Products Inc.
- 10.5.1. Company overview
- 10.5.2. Financial performance
- 10.5.3. Product benchmarking
- 10.5.4. Strategic initiatives
- 10.6. EnGarde Body Armor
- 10.6.1. Company overview
- 10.6.2. Financial performance
- 10.6.3. Product benchmarking
- 10.6.4. Strategic initiatives
- 10.7. Hellweg International Pty Ltd.
- 10.7.1. Company overview
- 10.7.2. Financial performance
- 10.7.3. Product benchmarking
- 10.7.4. Strategic initiatives
- 10.8. BAE Systems plc
- 10.8.1. Company overview
- 10.8.2. Financial performance
- 10.8.3. Product benchmarking
- 10.8.4. Strategic initiatives
- 10.9. Ceradyne Inc.
- 10.9.1. Company overview
- 10.9.2. Financial performance
- 10.9.3. Product benchmarking
- 10.9.4. Strategic initiatives
- 10.10. Avon Protection plc
- 10.10.1. Company overview
- 10.10.2. Financial performance
- 10.10.3. Product benchmarking
- 10.10.4. Strategic initiatives
- 10.11. Sarkar Tactical Ltd.
- 10.11.1. Company overview
- 10.11.2. Financial performance
- 10.11.3. Product benchmarking
- 10.11.4. Strategic initiatives
- 10.12. Craig International Ballistics Pty Ltd.
- 10.12.1. Company overview
- 10.12.2. Financial performance
- 10.12.3. Product benchmarking
- 10.12.4. Strategic initiatives
- 10.13. Armored Republic LLC
- 10.13.1. Company overview
- 10.13.2. Financial performance
- 10.13.3. Product benchmarking
- 10.13.4. Strategic initiatives