The global market for body armor has been covered under the scope of this report. Body armor can be defined as protective clothing meant for the purpose of protecting individuals from bullets or stab wounds.
The global body armor market is primarily driven by factors such as Soldier Modernization Programs. Moreover, the demand for body armor is also expected to remain high as a result of increasing terrorist attacks across various countries. Furthermore, replacement of obsolete body armors with advanced variants is also expected to boost the demand for body armors throughout the forecast period. Considering these positive factors, the demand for body armors is set to rise during the forecast period from 2015 - 2021.
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Based on type, the global body armor market can be segmented into six segments, namely Type I, Type II-A, Type II, Type III-A, Type III and Type IV. Type IV body armor garnered maximum revenue in 2014. The extensive usage of Type IV body armors across defense organizations is fuelling the growth of the market.
The body armor market by applications is divided into three segments namely: defense, law enforcement protection and civilians. The defense segment was the largest in the body armor market in 2014 and is expected to maintain its dominance throughout the forecast period. Modernization Programs being implemented across various countries is expected to drive the demand.
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On the basis of material type, the body armor market has been segmented into five categories: steel, UHMWPE, aramid, composite ceramic and others. The composite ceramic segment was the largest segment in terms of revenue in 2014.
Body armor market has been bifurcated geographically into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America occupied the largest share in the market in 2014 accounting for more than 50%. Europe was the second largest market having a share of more than 27% in 2014.
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Some of the major players in the market are Point Blank Enterprises, Inc. (U.S.), BAE Systems, Inc. (U.S.), Australian Defence Apparel Pty Ltd. (Australia), ArmorSource LLC (U.S.), Survitec Group Limited (U.K.), Sarkar Defense Solutions (U.S.), MKU Pvt. Ltd. (India), KDH Defense Systems Inc. (U.S.), Safariland, LLC (U.S.) and Honeywell International Inc. (U.S.) among others.
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