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.
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)
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.
Body Armor Market Segment Analysis - By Geography
Body Armor market in Asia-Pacific region held significant market share of 34.5% in 2020. According to SIPRI (Stockholm International Peace Research Institute) statistics, seven countries in APAC experienced active armed conflicts in 2019. Among which, Afghanistan is major internationalized civil war country. This has significantly affected Body Armor Market growth in positive direction. Moreover, 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. This tends to drive the Body Armor Market growth in forecast period. United States being the ultimate power in global military sector is bound to invest large amounts in this sector. According to SIPRI (Stockholm International Peace Research Institute) statistics, there has been a huge investment in armed forces equipment by US Government. This was recorded as $731.7 billion in 2019 which accounts for about 90% of North America investments. According to SIPRI, US is analyzed to be the largest exporter of Military equipment which is recorded to constitute 36% of global share. This has brought a significant growth in the Body Armors Market in global level.
Body Armor Market Drivers
Rising Safety Concerns among Armed Personnel and Law Enforcement
The market for Body Armor is likely to benefit enormously from the rising safety concerns of armed forces and law enforcement officers around various parts of the world, primarily in U.S. In many leading economies such as U.S, China, India, Japan and Others, the Defense Department of these countries has shown a massive investments to provide their troops with all necessary safety equipment. Governmental bodies of these countries has been promoting the sacrifices done by their armed forces which tend to rise their safety concerns. For instance, Due to rise in safety concerns of armed forces, US Government through the National Institute of Justice (NIJ), aims to provide tested certification for different body armors suitable for different LEVELS such as LEVEL I, LEVEL IIA and others. The NIJ is currently working on a revision with additional test methods particularly for ballistics protection. This could help identify outdated armor being utilized in the Law Enforcement and Security sectors which will lead to a drive to replace the armor based on new standards. This initiative tends to drive the market growth of hard Body Armor in forecast period.
Increasing Number of Armed Personnel
With the increasing number of armed personnel of leading economies, there has been a significant growth in the demand of body armor. Due to the rising number of armed personnel, the procurement of body armor has risen in recent years. This trend is expected to continue over the next few years as well. Moreover, in recent years, due to increase in armed conflicts, there has been huge number of deployment of troops in war prone areas. This has brought the pace in increase of armed personnel in these areas. This increasing number of armed personnel has further driven the body armor market growth. For instance, In recent years, there were 20 multilateral peace operations in Africa in 2019. The number of armed personnel deployed in this region was recorded 97,519 on December 2019. These rising armed personnel in this region will further uplift the demand of Body armor which will pace its market growth in forecast period.
Body Armor Market Challenges
Potential Shortage of Upgraded Body Armor Supply
With the increasing technology advancements, there has been huge demand of upgraded body armors which offer high protection with comfort. On the other hand, this increasing demand has brought an adequate supply of these armors in global market. This has brought a major challenge in the market growth of Body armor in forecast period. Moreover, with the increasing war conflicts, there has been shortage of body armors for the armed forces. This combined with lower military spending due to Covid-18 along with supply chain interference will further restrain the Body Armor Market growth. This is particularly the case in the U.S, where following significant increase in police spending on body armor, gas masks and other crowd control solutions due to civil unrest, there is a projected shortage in these products available in the market. These long delays are expected to continue in the short term in the U.S but are expected to be alleviated in the long term once the demand dies down. However, such civil unrest driven demand could drive shortages across other countries as well in the future.
Body Armor Market Landscape
Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Body Armor market. Body Armor top 10 companies include Safariland, DuPont, Point Blank Solutions, Inc., KDH Defense Systems/Armor Express, Avon Rubber among others.
Acquisitions/Product Launches
- In March 2021, Federal Bureau of Investigation awarded a contract to TYR Tactical LLC valued $30M over five years for the delivery of soft armor, hard armor protection along with the ballistic accessories. In addition, Federal Bureau of Investigation awarded a contract valued $30M for the delivery of Ultra-low vis concealable body armor with enhanced capabilities for the military activities.
- In May 2020, United States Defense Logistics Agency Troop Support awarded a multi-year indefinite delivery to Point Blank Solutions, Inc., valued $209M. Through this contract the company is supposed to deliver updated enhanced small arms protective inserts to the DLA-TS.
Relevant Report Titles:
Report Code: CMR 0075
Report Code: CMR 62689
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