Military Body Armor Market – Global Industry Size, Share, Trends, Growth Factors, Key Countries Analysis, Leading Players, Forecast 2023

Military Body Armor Market – Global Industry Size, Share, Trends, Growth Factors, Key Countries Analysis, Leading Players, Forecast 2023

“Military Body Armor Market”
Global Military Body Armor Market Report by Protection Level (Type 1, Type 2-A, Type 2, Type 3, Type 3-A, Type 4), Protection Type (Ballistic, Spike, Edged Blade Protection), Material (Steel, Ceramics, Aramid, UHMWPE), and Region – Forecast Till 2023

The global military body armor market is slated to grow during the forecast period of 2018 to 2023 at a decent annual compound pace of 5%. With looming national threats across the world, defense authorities are constantly on the lookout on better ways to fend off any potentially frightening attacks. One of the most integral part in ensuring that is keeping the warriors and soldiers safe from any deadly weapons. The growing need of body armors with improved ballistic and stab resistant features for soldiers is a primary factor driving the growth of the market. At present, companies are laying considerable focus on the development of light-weight body armors for convenience purposes with complete protection capabilities. The increasing research and development activities undertaken in the military field is expected to push the growth of the market in the near future.

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Market Segmentation:

The global military body armor market segments into the following key dynamics: protection level, material, and protection type.

By protection level, the market includes Type 2-a, Type 1, Type 2, Type 3, Type 3-a, and Type 4. Among these protection level types, the type 4 segment is adopted globally by militaries across the world as it offers the highest protection level available currently. Additionally, the type 4 segment of the body armor can resist 0.30 armor piercing bullets that impacts at a minimum velocity level of 869 m/s or less. It also offers single-hit protection against any type 1 to type 3 threats. This armor is used thereby for tactical operations.

By material, the market segments into aramid, steel, composite ceramics, ltra-High-Molecular-Weight Polyethylene (UHMWPE), and others. Herein, composite ceramics hold massive share of the market category. These are used as hard armor plates with para-aramid backing like Kevlar. These body armors provide far superior ballistic resistance, are cheaper in general, and lighter than steel.

By protection type, the market divides into edged blade protection, ballistic, and spike.

Regional Analysis:

The global military body armor market is regionally distributed across the following regions: North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. The North American region accounted for the highest share of the global market as per the study in 2017. The region is further anticipated to grow at a speedy fashion over the forecast period and retain its position at the top of the military body armor market. The growth and positioning of the region is due to the large sum of investments in military body armor made by the defense sectors of the US and Canada. The US is, in particular, a major manufacturer of body armor and hosts various major key players of the market.

Elsewhere, similar to North America, Europe is another dominating regional market and is considered to grow during the forecast period at a notable pace. The growth of the region can be attributed to the high demand for body armor therein due to the rising prevalence of terror activities and political disputes. Increasing demand from countries like Russia, the UK, France, and Germany majorly helps push the growth trajectory of the European region.

However, Asia Pacific is positioned in the military body armor market to grow as the fastest growing region across the globe over the forecast period. This is mainly due to the increasing border disputes in countries like China, India, and South Korea. The rising need to provide individual protection to soldiers and growing expenses of government spent towards obtaining competitive arms and personal protection equipment are expected to massively help the market grow in this region. 

Competitive Landscape:

The global military body armor market hosts various key players. This includes names such as Safariland, LLC (US), 3M (US), BAE Systems (UK), Coorstek Inc. (US), MKU Limited (India), Honeywell (US), Du Pont (US), Elmon (Greece), Point Blank Enterprises, Inc. (US), and Survitec Group Limited (UK).

Feb 20th, 2019, the US army is scheduled to test a light-weighted body armor vest as part of its head-to-toe soldier protection program. They are expected to conduct the entire test of the system this fall.

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