Body Armor Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021-2026

 

Body Armor Market Overview

Body Armor Market Size is forecast to reach $3.1 billion by 2026, at a CAGR of 6.7% during 2021-2026. The U.S. National Institute of Justice has established minimum performance stands for soft body armor such as Level IIA a typically soft body armor is designed to stop a .9mm FMJ (Full Metal Jacket) round at a speed of 1165 feet per second ft/s and a .40 S&W FMJ at 1065 ft/s. Level IV ballistic plates are the highest rated hard armor plates under NIJ 101.06 standards, it is tested to defeat 7.62MM armor piercing bullets traveling at a velocity of 2880 ft/s. Accessories product type is witnessing fast growth rate with a CAGR of 7.4% during the forecast period 2021 – 2026 owing to the increase of riots and crime. The adoption of shield, helmet, and other protective gears by police, security guard and defense personnel has been increased. Thus, body armor accessories is expected to have high demand in the market.

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Body Armor Market Report Coverage

The report: “Body Armor Market Report– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Body Armor market

By Armor Type: Soft Armor, Hard Armor, Accessories

By Style: Covert, Overt

By Level:  Level I, Level II, Level IIA, Level III, Level IV, SP1, SP2, KR1, KR2

By Application: Ballistic Protection, Edged Blade Protection, Stab and Spike Protection, Multi Threat Armor, Riot Gear and Riot Armor

By Usage: Training Armor, Operational Armor, Close Combat Armor

By End User: Military/Defense, Law Enforcement, Private Security, Correction Officers, Civilians, Medical and Others

By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Australia and Others), South America(Brazil, Argentina and others), and RoW (Middle East and Africa)

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Key Takeaways

• Non-NATO Allies region is anticipated to witness the most significant market growth during the forecast period 2021-2026 with a CAGR of 8.2%.
• The market growth in this region is mainly due to rising armed conflicts. For instance, In APAC, high-intensity border and subnational armed conflicts between India and Pakistan such as suicidal attack in Kashmir in 2019 has brought a major growth in safety concerns of armed personnel. 
• Persistent tensions between Russia and large parts of rest of Europe, long-standing conflicts post-Soviet space between Western Balkans and Cyprus will drive the market growth. These armed conflicts tend to drive the adoption of various body armors, further pacing its market growth.

Global Body Armor Market, By Region, 2020

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Body Armor Market Segment Analysis - By Armor Type

Soft Armor product type hold the highest market share accounting for $990.2 million in 2020 and $1388.92 M in 2026 with a CAGR of 6.3%.  Soft body armor is protective gear that is used to protect the body against small hand-gun ammunition, sharp objects and low velocity ballistic threats. The growing demand from civil, security and other such applications will drive this market. Soft body armor are much lighter, comfortable and flexible than hard body armor. It helps absorb and mitigate much of the energy, reducing the potential for injury. The U.S. National Institute of Justice has established minimum performance stands for soft body armor such as Level IIA a typically soft body armor is designed to stop a .9mm FMJ (Full Metal Jacket) round at a speed of 1165 feet per second ft/s and a .40 S&W FMJ at 1065 ft/s. The rising demand from consumer, security as well as law enforcement applications will drive the soft armor market.

Body Armor Market Segment Analysis - By End User

Civilian sector is expected to witness a highest CAGR of 7.7% the forecast period. Majority of law-enforcement body armor and helmets are designed to defeat handgun threats and also provides additional protection during car accidents and other assaults in police officers.  However when it comes to Civilian armor, these are typically focused on Level IIA and Level III armor.  While the complex laws in various countries can act as a deterrent, the demand from civilians, especially journalists, high profile targets etc. will continue to be a major opportunity for market growth. Due to the technological advancements nowadays, bulletproof vests are designed using synthetic fibres which have extremely high strength, resistant and flexible. As such manufacturers opt for materials that are tough but lightweight, though not indifferent from those used in military body armor. Growth of commercial sector demand from hospitals/EMS, journalists, high profile targets (politicians/lawyers/judges), CEOs, and jewelry store/pawn shop owners others are driving the usage of body armor for the safety purposes. Growth of technologically advanced fibers and commercial applications are anticipated to fuel the market growth in the forecast period.

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