Body armor and personal protection is an item of personal armor or helmet etc. that helps absorb the impact and reduce or stop penetration to the body from firearm -fired projectiles – and shrapnel from explosions, and is worn on the torso. The types of body armor and personal protection mainly include soft Armor, hard Armor, headgear and others. In 2016, the type revenue, the soft armor segment is expected to account for 37% of the global body armor and personal protection market, followed by the hard armor segment with a share of 22% and headgear with a share of 19%.
The body armor and personal protection is relatively concentrated, the production of top ten manufacturers account about 72% of global production. The high-end products mainly come from United States and Europe. Global defense industry investment in R&D has led to the development of new soldier modernization technologies that enhance survivability and sustainability capabilities, including advanced combat clothing, boots, hard armor, eyewear and helmets. The countries with the highest levels of defense spending are now focusing on building smaller infantries with enhanced survivability in order to derive maximum effectiveness from troop deployment. This has led major defense spenders such as China, France, the UK and the US to invest significantly in body armor and personal protection equipment. In the world wide, the plants of major manufactures mainly distribute in United States and Europe, In United States, like PBE, are the leading manufacture in this area. As to Europe, BAE Systems has become the leader of domestic manufactures.
North America and Europe is the leading spender in the body armor and personal protection sector and accounts for 83% of the global revenue market. China is also expected to account for a significant portion of the total body armor and personal protection market during the forecast period, with shares of 11% respectively. The Middle East, Latin America, and Africa account for 1.5%, 1%, and 1.3% of global body armor and personal protection expenditure respectively. This will be largely driven by the efforts of countries such as China, India and Russia to provide enhanced survivability to their armed forces.
The worldwide market for Body Armor and Personal Protection is expected to grow at a CAGR of roughly 4.8% over the next five years, will reach 19 million US$ in 2024, from 15 million US$ in 2019.
Global Body Armor and Personal Protection Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Body Armor and Personal Protection Industry report also provides essential attributes associated with Body Armor and Personal Protection market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global Body Armor and Personal Protection Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Body Armor and Personal Protection business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Body Armor and Personal Protection market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
Ballistic Body Armour
Market Segment by Type, covers:
Market Segment by Applications, can be divided into:
The prospective of this Body Armor and Personal Protection industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Body Armor and Personal Protection present market share and future prospects of the segment in terms of has also been explored in this report.
Global Body Armor and Personal Protection market report showcases qualitative and quantitative estimation by industry analysts, first-hand data, and assistance from industry experts along with each industry manufacturers by the market valuation. Body Armor and Personal Protection report also gives extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.
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