New York, According to a new market research report published by Global Insight Services “Body Armor Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Body armor is a type of personal protective equipment (PPE) that is designed to protect the wearers body from ballistic, knife, and other types of attacks. Body armor is typically made from materials like Kevlar or ceramic, and is available in a variety of different styles, including vests, jackets, and leg and arm protection.
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Key Players
The key players in the market are Aegis Engineering Ltd., AR500 Armor, BAE Systems, Ballistic Body Armor Pty, Craig International Ballistics Pty Ltd., Ceradyne, Inc., Hellweg International, Kejo Limited Company, Pacific Safety Products, and Point Blank Enterprises, Inc.
Key Trends
One of the key trends in Body Armor technology is the development of lighter and more comfortable materials.
Another trend is the development of materials that can better protect against high-velocity projectiles, such as those fired from a rifle.
In addition, there is a trend towards the development of multi-purpose body armor that can provide protection against a variety of threats, including ballistic, blunt force, and knife attacks.
Key Drivers
The global body armor market is driven by various factors, such as the increasing terrorist activities and cross-border conflicts, and the increasing demand for protection against firearms.
The body armor market is also driven by the increasing number of violent crimes, such as shootings, and the increasing number of natural disasters, such as hurricanes and floods.
The body armor market is also driven by the increasing awareness of the importance of personal safety and the need for protection against injuries.
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Market Segmentation
The market is segmented by level, application, material and region. By level, the market is divided by level1, level 2A, level2, others. By application, the market is bifurcated into defense, civilians and law enforcement protection. By material, the market is bifurcated into steel, UHMWPE, aramid and composite ceramic. By region, the market is segmented into North America, Asia-Pacific, Europe and rest of the world.
Reasons to buy Body Armor Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
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- Robust and transparent research methodology
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