Product Code: IRTNTR12807
About Body Armor
The global body armor market for military applications is expected to witness significant growth during the forecast period. One of the reasons for market growth is the increasing safety concerns for armed forces and the global presence of vendors offering a wide range of body armors. The market is also driven by increasing security threats across regions and advances in explosive devices, which has led to several deaths. Also, the increase in the defense expenditure will drive the growth of the body armor market for military applications. Several other factors that impact the growth of the market include growing violence and increase in the number of terrorist attacks. Also, modern warfare has become increasingly asymmetric, which includes counter-insurgency and counter-terrorism operations.
Technavio's analysts forecast the global body armor market for military applications to grow at a CAGR of 6.65% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global body armor market for military applications for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of body armors at the manufacturer level.
The market is divided into the following segments based on geography:
Technavio's report, Global Body Armor Market for Military Applications 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- MKU
- 3M
- BAE Systems
- Ballistic Body Armor
Other Prominent Vendors
- AR500 ARMOR
- Combat Clothing Australia
- Point Blank Enterprises
- Craig International Ballistics
- Kejo Limited Company
- Pacific Safety Products
- Hardshell
- Rabintex
Market driver
- Increase in defense expenses.
- For a full, detailed list, view our report
Market challenge
- Difficulty in optimizing weight of body armor.
- For a full, detailed list, view our report
Market trend
- Ergonomically designed body armor.
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Global body armor market for military applications
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by material
- Market overview
- Global metals and alloy-based body armor market for military applications
- Global aramid-based body armor market for military applications
- Global thermoplastic-based body armor market for military applications
- Global other body armor materials market for military applications
PART 07: Market segmentation by product
- Market overview
- Global soft body armor market for military applications
- Global hard body armor market for military applications
PART 08: Geographical segmentation
- Market overview
- Body armor market for military applications in Americas
- Body armor market for military applications in EMEA
- Body armor market for military applications in APAC
PART 09: Decision framework
PART 10: Drivers and challenges
- Market drivers
- Impact of drivers on key customer segments
- Market challenges
- Impact of challenges on key customer segments
PART 11: Market trends
- Ergonomically designed body armor
- Increasing demand for liquid body armor
- Trend toward lightweight raw material
PART 12: Vendor landscape
- Overview
- Other prominent vendors
PART 13: Key vendor analysis
- MKU
- 3M
- BAE Systems
- Ballistic Body Armor
PART 14: Appendix
List of Exhibits
- Exhibit 01: Model standards applied for body armors
- Exhibit 02: Global body armor market for military applications 2016-2021 ($ millions)
- Exhibit 03: Five forces analysis
- Exhibit 04: Global body armor market for military applications by material
- Exhibit 05: Global body armor market for military applications by material 2016
- Exhibit 06: Global body armor market for military application by material 2021
- Exhibit 07: Global metals and alloy-based body armor market for military applications 2016-2021 ($ millions)
- Exhibit 08: Global aramid-based body armor market for military applications 2016-2021 ($ millions)
- Exhibit 09: Global thermoplastic-based body armor market for military applications 2016-2021 ($ millions)
- Exhibit 10: Global other body armor materials market for military applications 2016-2021 ($ millions)
- Exhibit 11: Global body armor market for military applications by product
- Exhibit 12: Global body armor market for military applications by product 2016
- Exhibit 13: Global body armor market for military applications by product 2021
- Exhibit 14: Global soft body armor for military applications 2016-2021 ($ millions)
- Exhibit 15: Global hard body armor for military applications 2016-2021 ($ millions)
- Exhibit 16: Global body armor market for military applications by geography 2016
- Exhibit 17: Global body armor market for military applications by geography 2021
- Exhibit 18: Global body armor market for military applications by geography: CAGR 2016-2021
- Exhibit 19: Body armor market for military applications in Americas 2016-2021 ($ millions)
- Exhibit 20: Defense budget share in Central and South America by country 2013
- Exhibit 21: Global body armor market for military applications in EMEA 2016-2021 ($ millions)
- Exhibit 22: Factors driving demand for body armor
- Exhibit 23: Body armor market for military applications in APAC 2016-2021 ($ millions)
- Exhibit 24: Countermeasures for IED attacks
- Exhibit 25: Top 10 countries by defense budget 2015
- Exhibit 26: Impact of drivers
- Exhibit 27: Disadvantages of heavy body armor
- Exhibit 28: Impact of challenges
- Exhibit 29: Advantages of lightweight body armor
- Exhibit 30: MKU: Business segmentation 2015
- Exhibit 31:M: Business segmentation 2016
- Exhibit 32: BAE Systems: Business segmentation 2016
- Exhibit 33: Ballistic Body Armor: Product segmentation 2016
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