Global Body Armor and Personal Protection Market to 2031 – Market Size and Drivers, Major Programs, Competitive Landscape and Strategic Insights
The global body armor and personal protection market is valued at $5.2 billion in 2021 and is projected to grow at a CAGR of more than 1% during the forecast period 2022-2031. The Asia-Pacific region represented the largest region for the global body armor and personal protection market in 2021, followed by North America and Europe. The body armor and personal protection market is expected to witness moderate growth over the forecast period.
The majority of the countries are procuring new body armor and personal protection equipment to replace the outdated in-service soldier protection systems. With the changing nature of warfare and increasing lethality of weapons including bullets and IEDs, militaries are focusing on enhancing soldier protection. Urban warfare is likely to be more prevalent in the near future, hence the designing of lightweight body armor and personal protective equipment for enhanced mobility in confined city layouts is expected to gain traction.
Global body armor and personal protection market overview
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What are the global body armor and personal protection market dynamics?
Soldier modernization plans to drive the growth of survivability equipment. Modern warfare, which takes place in densely populated urban areas, is posing challenges of increased injury, forcing defense departments globally to invest significantly in the procurement of ballistic helmets, bulletproof vests, ballistic plates, and night vision systems, hence increasing the demand for body armor and personal protection. The rising number of civilian unrest and political protests worldwide are also the major drivers in the body armor and personal protection market segment.
Apart from the development of various advanced materials, reducing the weight of soldier equipment without compromising protection and combat performance is still a key challenge for the body armor and personal protection industry. Therefore, defense agencies worldwide are focusing on sourcing and integrating the most affordable, lightweight soldier equipment and technology to reduce the burden on personnel. The majority of the armed forces are focusing on the development of lightweight body armor capable of withstanding ballistic attacks and explosive threats. This is expected to drive the adoption of emerging technologies such as graphene, ultra-high molecular weight polyethylene (UHMWPE), and carbon nanotube for personal protection. Also, Liquid armor technology is among the new technologies being worked on to provide enhanced ballistic protection and mobility during combat situations.
What are the product classifications in the global body armor and personal protection market?
The global body armor and personal protection market consist of five categories that include hard armor, protective clothing, boots, soft armor, and protective headgear. The hard armor segment will lead the body armor and personal protection market during the forecast period followed by protective clothing and boots segments.
Global body armor and personal protection market, by product segment
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What are the top regions and countries for the global body armor and personal protection market?
Asia-Pacific was the leading market for the global body armor and personal protection market in 2021, followed by North America and Europe. The Asia-Pacific region is anticipated to be one of the most lucrative markets for suppliers of body armor and personal protection equipment over the forecast period. The North American region will hold the second-largest position globally. Europe is expected to constitute the third-largest market. The Middle East, Africa, and Latin America together are anticipated to account for the remaining market share.
Key defense spending countries include the US, Russia, United Kingdom, Germany, and France. In addition to these countries, the emerging economies, including India, China, and Brazil in the Asia-Pacific and Latin America region, are also developing and procuring advanced personal protection equipment to modernize their armed forces. The Middle Eastern body armor and personal protection market will be led by Israel.
Global body armor and personal protection market, by region
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Who are the key companies in the global body armor and personal protection market?
Companies such as Armor Express Inc, Gentex Corp, Point Blank Enterprises, Inc., Rostec Corp, Samyang Comtech Co Ltd, Mountain Horse LLC, Leading Technology Composites Inc, and McRae Industries Inc are the key players in the body armor and personal protection market.
Global body armor and personal protection market, by key companies
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Market report scope
Market size (Year – 2021) | $5.2 billion |
Growth rate | CAGR of >1% from 2022 to 2031 |
Base year for estimation | 2021 |
Product segmentation | Hard Armor, Protective Clothing, Boots, Soft Armor, and Protective Headgear |
Regional coverage | North America, Europe, Asia-Pacific, Middle East, Africa, Latin America |
Forecast period | 2022-2031 |
Key companies | Armor Express Inc, Gentex Corp, Point Blank Enterprises, Inc., Rostec Corp, Samyang Comtech Co Ltd, Mountain Horse LLC, Leading Technology Composites Inc, McRae Industries Inc |
What else is contained:
- Market size and drivers: Detailed analysis during 2021-2031, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world.
- Recent developments and industry challenges: Insights into technological developments and a detailed analysis of the existing body armor and personal protection projects being executed and planned worldwide. It also provides trends of the changing industry structure and the challenges faced by industry participants.
- Regional highlights: a study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand.
- Major programs: details of the key programs in each segment, which are expected to be executed during 2021-2031.
- Competitive landscape and strategic insights: analysis of the competitive landscape of the global body armor and personal protection market. It provides an overview of key players, their strategic initiatives, and financial analysis.
Reasons to Buy
- Determine prospective investment areas based on a detailed trend analysis of the global body armor and personal protection over the next ten years.
- Gain an in-depth understanding of the underlying factors driving demand for different body armor and personal protection segments in the top spending countries across the world and identify the opportunities offered.
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major factors that are driving the global body armor and personal protection market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
- Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global body armor and personal protection market.
- Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top body armor and personal protection solution providers around the world. The company profiles also include information about the key products, alliances, recent contract awarded, and financial analysis, wherever available.
Key Players
Table of Contents
Frequently Asked Questions
The global body armor and personal protection market size was estimated at $5.2 billion in 2021.
The global body armor and personal protection market is expected to grow at a compound annual growth rate of more than 1% from 2022 to 2031.
Asia-Pacific represented the largest region for the global body armor and personal protection market in 2021, followed by North America and Europe.
Key players of the global body armor and personal protection market are Armor Express Inc, Gentex Corp, Point Blank Enterprises, Inc., Rostec Corp, Samyang Comtech Co Ltd, Mountain Horse LLC, Leading Technology Composites Inc, and McRae Industries Inc.
The high-potential countries identified for the global body armor and personal protection market are China, India, the US, Brazil, Russia, the UK, Germany, France, Israel, South Africa.
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