Body Armor Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2030)

The Body Armor Market is Segmented by Product Type (Soft and Hard Armor, Clothing, Helmets, and Accessories), End User (Military and Civilian), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The report offers the market size and forecasts by value (USD million) for all the above segments.

Market Snapshot

Body Armor Market Overview
Study Period: 2018-2030
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 2.01 %

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Market Overview

The body armor market was valued at USD 2,759.91 million in 2021, and it is expected to reach USD 3,366.21 million in 2030, witnessing a CAGR of 2.01% during the forecast period (2021 - 2030).

The COVID-19 pandemic has had a profound impact on the daily lives of billions of people more indirectly as social distancing and business shutdown measures have been enacted to slow the spread at the national, state, city, and organization levels. At this point, the impact of the virus and the containment measures is being felt on both the supply and the demand sides of the economy, leading to severe downturns in the world economic output. The pandemic has severely affected the global manufacturing operations, and due to the temporary shutdown of manufacturing plants in various weapon and tactical gear exporting countries, the market is expected to witness a marginal decline during 2020-2021.

The rising geopolitical conflict and the increase in acts of violence and terrorism have necessitated the adoption of body armor by both military and law enforcement agencies to ensure the safety of their personnel in a variety of situations. However, the level of protection offered by the body armor differs based on the threat assessment of the end users. For instance, a security guard may not require thick armor that soldiers use against high-caliber fire. Such incidents have led to new procurement initiatives by different agencies across the world, increasing the demand for body armor.

Riots in a country may be fueled by the general dissatisfaction of the public with the policymakers. On this note, in August 2020, the sale of riot gear, including armor, soared by 114% after the US lawmakers ordered the US agents to assume new policing powers in cities to quell the ongoing anti-racial protests.

However, the stringent conformation standards set by standards regulatory bodies in various countries require players to invest more, thus increasing their cost of research and development (R&D).

Scope of the Report

Body armor is traditionally defined as a layer of protective clothing worn by military personnel. Its main purpose is to absorb or deflect melee or projectile attacks and ensure the safety of the wearer. The proliferation of body armor has increased in modern times as it is increasingly adopted by security guards, police, and other individuals to minimize traumatic injuries and protect themselves from unforeseen deadly threats. The body armor market is segmented by product type, end user, and geography. By product type, the market is segmented into soft and hard armor, clothing, helmets, and accessories. By end user, the market has been segmented into military and civilian. Accessories include shields and hand and leg protection gear, among others. The report also covers the market sizes and forecasts for the body armor market across major regions. For each segment, the market sizing and forecasts have been done based on value (USD million).

Product Type
Soft and Hard Armors
Clothing
Helmets
Accessories
End User
Military
Civilian
Geography
North America
Europe
Asia-Pacific
Latin America
Middle-East and Africa

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Key Market Trends

The Military End User Segment is Expected to Witness Rapid Growth During the Forecast Period

The growing defense expenditure and the increasing terrorism and hostile activities, coupled with various territorial conflicts, have increased the number of military operations in the recent past. In the wake of these events and to provide additional safety, several countries are procuring bulletproof vests for their military personnel. In March 2019, KDH Defense Systems Inc. announced that the company received a contract worth USD 29.9 million from the US Army for the supply of Modular Scalable Vest (MSV) Gen II System. Later, in July 2019, KDH Defense Systems Inc. received additional two contracts from the US army worth USD 40 million. The first contract worth USD 31.5 million was for the Modular Scalable Vest (“MSV”) Generation II, while the second contract worth USD 9 million was for blast pelvic protectors. The estimated completion of the contract was by mid-2020. In 2018, the company was awarded a multi-year, firm-fixed-price, indefinite-delivery/indefinite-quantity (IDIQ) contract from the Marine Corps Systems Command worth USD 59.4 million. Under the contract, the company may provide up to 65,469 Plate Carrier Generation III – Soft Armor Inserts, with deliveries expected to be completed by 2023. Several such procurement initiatives are currently underway on a global scale, which is likely to drive the military end user segment of the market in focus during the forecast period.

Body Armor Market Share

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Asia-Pacific to Witness the Highest Growth During the Forecast Period

The geopolitical scenario in the region has made it a hotspot for unprecedented skirmishes and armed standoffs, especially on the Indo-China border. A large number of active military personnel in the countries also necessitate the adoption of adequate body armors for safeguarding the personnel, while the wear and tear of such equipment also generate cyclic demand. On this note, India is a prime exporter of sophisticated ballistic vests and helmets to around 250 forces in over 100 countries, notably the British, German, Spanish, and French armies and the Japanese and American police forces. The bulletproof vests manufactured in India under the “Make in India” initiative comply with the IS17051:2018 standards formulated by the Bureau of Indian Standards (BIS). Apart from the United States, the United Kingdom, and Germany, India is the only country with its national standard on bulletproof jackets. The BIS-certified vests are available in different sizes and ensure 360-degree protection against bullets fired from assault rifles such as AK-47, which have a traversing speed of 700 meters per second. Currently, the demand for bulletproof vests from the Indian armed forces is around 0.3 million units. Moreover, the rampant threat of a terror attack in the country has encouraged the Indian government to procure critical protective equipment for the defense forces. In April 2018, SMPP Pvt. Ltd was awarded an INR 639 crore contract for supplying around 0.186 million bulletproof vests to the Indian Army by 2021. By October 2019, SMPP Pvt. Ltd had already supplied around 40,000 bulletproof jackets for troops deployed in the Kashmir valley. The high demand from both military and law enforcement agencies is anticipated to drive the body armor market in Asia-Pacific during the forecast period.

Body Armor Market Growth Rate By Region

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Competitive Landscape

The body armor market is highly fragmented, with many players holding small shares of the market, owing to their presence in various geographical locations. BAE Systems PLC, Safariland LLC, DuPont, Honeywell International Inc., and 3M are a few prominent firms benefitting from the geographical advantage. Most of the players are based in North America. However, due to the increasing requirements in the Asia-Pacific and Middle-East and African regions, the expansion of major players into these regions may enable them to increase their presence in the market during the forecast period.

Market players are investing resources to enhance the operational parameters of their products while also launching new products to expand their product portfolios. On this note, in December 2020, The Safariland Group, under its brand Safariland, and Fechheimer Brothers Company, under its Flying Cross brand, announced the joint launch of an innovative virtual sizing technology called XpertFit that provides a contactless self-measuring method of taking body measurements with a mobile phone that officers can use when ordering body armor and safety uniforms. The technology is being marketed as an effective alternative to change the traditional procurement process by saving time and improving consumer confidence.

Recent Developments

In February 2021, DuPont acquired Tex Tech’s Core Matrix Technology, a monolithic fabric structure that can significantly reduce back trauma while increasing ballistic and fragmentation performance for military and law enforcement personnel. The acquisition adds to the company’s already robust portfolio of life protection solutions, enabling the most flexible, lightweight ballistic solutions to meet new the National Institute of Justice (NIJ) ballistic standards for enhanced durability.

In January 2021, the Ukraine Defense Ministry developed a ballistic vest that complies with NATO standards. The vest is designed for the daily combat missions of the Land Forces. A lighter model is planned to be developed in 2021 for the special forces and paratroopers.

During the period of 2021-2023, the Spanish Civil Guard has planned to acquire a total of 25,000 body armor to add to its inventory of 33,000 external citizen security vests that were purchased between 2017-2020.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 Product Type

      1. 5.1.1 Soft and Hard Armors

      2. 5.1.2 Clothing

      3. 5.1.3 Helmets

      4. 5.1.4 Accessories

    2. 5.2 End User

      1. 5.2.1 Military

      2. 5.2.2 Civilian

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Elmon SA

      2. 6.2.2 DuPont

      3. 6.2.3 Honeywell International Inc.

      4. 6.2.4 U.S. Armor Corporation

      5. 6.2.5 Point Blank Enterprises Inc.

      6. 6.2.6 BAE Systems PLC

      7. 6.2.7 EnGarde Body Armor

      8. 6.2.8 ArmorSource LLC

      9. 6.2.9 Bluewater Defense Inc.

      10. 6.2.10 Sarkar Tactical

      11. 6.2.11 Survitec Group Limited

      12. 6.2.12 Safariland LLC

      13. 6.2.13 3M

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Body Armor Market market is studied from 2018 - 2030.

The Body Armor Market is growing at a CAGR of 2.01% over the next 5 years.

The Body Armor Market is valued at 2759 Million USD in 2018.

The Body Armor Market is valued at 3366 Million USD in 2030.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

DuPont, Honeywell International Inc., BAE Systems PLC, Safariland LLC, 3M are the major companies operating in Body Armor Market.

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