Body Armor Market Technological Advancement & Growth Analysis with Forecast to 2026

18/set/2020 07:57:41 Polaris Market Research Contatta l'autore

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 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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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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