Market Share of Body Armor Industry
The body armor market is semi-consolidated, with some local and global players holding significant shares in the market. Some prominent players in the market are Safariland LLC, 3M, Honeywell International Inc., Survitec Group Limited, and BAE Systems plc. The key players in the market are highly focused on developing advanced solutions for military forces.
Body armor OEMs such as TenCate and others are manufacturing products that cater to a broader spectrum of protective standards, such as the Association of Testing Agencies for Attack-Resistant Materials and Constructions (VPAM), which has a harder completion standard procedure for certificates. For instance, in February 2021, the Safariland Group released two new highly customizable armor systems under the brand name Safariland, the SHIFT 360 Scalable Plate Rack System and the FAV (Fast Attack Vest). The company has stated that these armor systems would be more versatile and flexible.
Body Armor Market Leaders
Honeywell International Inc.
3M
Survitec Group Limited
Safariland, LLC
BAE Systems plc
*Disclaimer: Major Players sorted in no particular order
