June 21, 2024

Body Armor Market Size To Cross USD 5.2 Bn By 2032

The global body armor market size accounted for US$ 2.95 Bn in 2022 and is projected to reach around USD 5.2 Bn by 2032, growing at a CAGR of 5.84% from 2023 to 2032.

Body Armor Market Size 2023 To 2032

Key Takeaways:

  • Asia-Pacific led the market and captured more than 44% revenue share in 2022.
  • Europe is expected to grow at a CAGR of 6.94% from 2023 to 2032.
  • By protection level, the level III segment generated for more than 26% of revenue share in 2022.
  • By protection level, the level II segment is predicted to grow at a 7.4% CAGR from 2023 to 2032.
  • By end-user, the defense segment dominated the market and generated a maximum revenue share of around 59% in 2022.
  • By end-user, the law enforcement section is estimated to record a significant CAGR of 7.9% from 2023 to 2032.
  • By type, the vest segment captured for more than 56% of revenue shares in 2022.
  • By type, the helmet segment is projected to grow at a CAGR of 6.9% between 2023 and 2032.
  • By style, the overt segment generated the highest revenue share of around 78% in 2022.

Report Summary

The global body armor market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the body armor market across the globe.

A comprehensive estimate on the body armor market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of body armor during the forecast period. Price point comparison by region with global average price is also considered in the study.

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Body Armor Market Report Scope

Report CoverageDetails
Market Size in 2023USD 3.12 Billion
Market Size by 2032USD 5.2 Billion
Growth Rate from 2023 to 2032CAGR of 5.84%
Largest MarketAsia-Pacific
Fastest Growing MarketEurope
Base Year2022
Forecast Period2023 to 2032
Segments CoveredBy Protection Level, By End-User, By Type and By Style
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America and Middle East & Africa

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized body armor market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Also Read:  Industrial Batteries Market Size To Cross USD 390.5 Bn By 2032

Body Armor Market Players

The report includes the profiles of key body armor market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Major companies operating in this area

  • Elmon SA
  • Ballistic Body Armor Pty
  • Pacific Safety Products Inc.
  • EnGarde Body Armor
  • Safariland, LLC
  • Point Blank Enterprises, Inc.
  • Craig International Ballistics Pty Ltd.
  • Hellweg International Pty Ltd.
  • BAE Systems plc
  • Ceradyne Inc.
  • Avon Protection plc
  • Sarkar Tactical Ltd.
  • Armored Republic LLC

Market Segmentation

By Protection Level

  • Level II
  • Level IIA
  • Level III
  • Level IIIA
  • Level IV

By End-User

  • Defence
  • Law Enforcement & Security Personnel
  • Civilians

By Type

  • Vest
  • Helmets
  • Others

By Style

  • Covert
  • Overt

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Body Armor Market 

5.1. COVID-19 Landscape: Body Armor Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Body Armor Market, By Protection Level

8.1. Body Armor Market, by Protection Level, 2023-2032

8.1.1. Level II

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Level IIA

8.1.2.1. Market Revenue and Forecast (2020-2032)

8.1.3. Level III

8.1.3.1. Market Revenue and Forecast (2020-2032)

8.1.4. Level IIIA

8.1.4.1. Market Revenue and Forecast (2020-2032)

8.1.5. Level IV

8.1.5.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Body Armor Market, By End-User

9.1. Body Armor Market, by End-User, 2023-2032

9.1.1. Defence

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Law Enforcement & Security Personnel

9.1.2.1. Market Revenue and Forecast (2020-2032)

9.1.3. Civilians

9.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Body Armor Market, By Type 

10.1. Body Armor Market, by Type, 2023-2032

10.1.1. Vest

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. Helmets

10.1.2.1. Market Revenue and Forecast (2020-2032)

10.1.3. Others

10.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Body Armor Market, By Style 

11.1. Body Armor Market, by Style, 2023-2032

11.1.1. Covert

11.1.1.1. Market Revenue and Forecast (2020-2032)

11.1.2. Overt

11.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 12. Global Body Armor Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.1.2. Market Revenue and Forecast, by End-User (2020-2032)

12.1.3. Market Revenue and Forecast, by Type (2020-2032)

12.1.4. Market Revenue and Forecast, by Style (2020-2032)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.1.5.2. Market Revenue and Forecast, by End-User (2020-2032)

12.1.5.3. Market Revenue and Forecast, by Type (2020-2032)

12.1.5.4. Market Revenue and Forecast, by Style (2020-2032)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.1.6.2. Market Revenue and Forecast, by End-User (2020-2032)

12.1.6.3. Market Revenue and Forecast, by Type (2020-2032)

12.1.6.4. Market Revenue and Forecast, by Style (2020-2032)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.2.2. Market Revenue and Forecast, by End-User (2020-2032)

12.2.3. Market Revenue and Forecast, by Type (2020-2032)

12.2.4. Market Revenue and Forecast, by Style (2020-2032)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.2.5.2. Market Revenue and Forecast, by End-User (2020-2032)

12.2.5.3. Market Revenue and Forecast, by Type (2020-2032)

12.2.5.4. Market Revenue and Forecast, by Style (2020-2032)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.2.6.2. Market Revenue and Forecast, by End-User (2020-2032)

12.2.6.3. Market Revenue and Forecast, by Type (2020-2032)

12.2.6.4. Market Revenue and Forecast, by Style (2020-2032)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.2.7.2. Market Revenue and Forecast, by End-User (2020-2032)

12.2.7.3. Market Revenue and Forecast, by Type (2020-2032)

12.2.7.4. Market Revenue and Forecast, by Style (2020-2032)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.2.8.2. Market Revenue and Forecast, by End-User (2020-2032)

12.2.8.3. Market Revenue and Forecast, by Type (2020-2032)

12.2.8.4. Market Revenue and Forecast, by Style (2020-2032)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.3.2. Market Revenue and Forecast, by End-User (2020-2032)

12.3.3. Market Revenue and Forecast, by Type (2020-2032)

12.3.4. Market Revenue and Forecast, by Style (2020-2032)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.3.5.2. Market Revenue and Forecast, by End-User (2020-2032)

12.3.5.3. Market Revenue and Forecast, by Type (2020-2032)

12.3.5.4. Market Revenue and Forecast, by Style (2020-2032)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.3.6.2. Market Revenue and Forecast, by End-User (2020-2032)

12.3.6.3. Market Revenue and Forecast, by Type (2020-2032)

12.3.6.4. Market Revenue and Forecast, by Style (2020-2032)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.3.7.2. Market Revenue and Forecast, by End-User (2020-2032)

12.3.7.3. Market Revenue and Forecast, by Type (2020-2032)

12.3.7.4. Market Revenue and Forecast, by Style (2020-2032)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.3.8.2. Market Revenue and Forecast, by End-User (2020-2032)

12.3.8.3. Market Revenue and Forecast, by Type (2020-2032)

12.3.8.4. Market Revenue and Forecast, by Style (2020-2032)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.4.2. Market Revenue and Forecast, by End-User (2020-2032)

12.4.3. Market Revenue and Forecast, by Type (2020-2032)

12.4.4. Market Revenue and Forecast, by Style (2020-2032)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.4.5.2. Market Revenue and Forecast, by End-User (2020-2032)

12.4.5.3. Market Revenue and Forecast, by Type (2020-2032)

12.4.5.4. Market Revenue and Forecast, by Style (2020-2032)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.4.6.2. Market Revenue and Forecast, by End-User (2020-2032)

12.4.6.3. Market Revenue and Forecast, by Type (2020-2032)

12.4.6.4. Market Revenue and Forecast, by Style (2020-2032)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.4.7.2. Market Revenue and Forecast, by End-User (2020-2032)

12.4.7.3. Market Revenue and Forecast, by Type (2020-2032)

12.4.7.4. Market Revenue and Forecast, by Style (2020-2032)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.4.8.2. Market Revenue and Forecast, by End-User (2020-2032)

12.4.8.3. Market Revenue and Forecast, by Type (2020-2032)

12.4.8.4. Market Revenue and Forecast, by Style (2020-2032)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.5.2. Market Revenue and Forecast, by End-User (2020-2032)

12.5.3. Market Revenue and Forecast, by Type (2020-2032)

12.5.4. Market Revenue and Forecast, by Style (2020-2032)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.5.5.2. Market Revenue and Forecast, by End-User (2020-2032)

12.5.5.3. Market Revenue and Forecast, by Type (2020-2032)

12.5.5.4. Market Revenue and Forecast, by Style (2020-2032)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Protection Level (2020-2032)

12.5.6.2. Market Revenue and Forecast, by End-User (2020-2032)

12.5.6.3. Market Revenue and Forecast, by Type (2020-2032)

12.5.6.4. Market Revenue and Forecast, by Style (2020-2032)

Chapter 13. Company Profiles

13.1. Elmon SA

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Ballistic Body Armor Pty

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Pacific Safety Products Inc.

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. EnGarde Body Armor

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Safariland, LLC

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Point Blank Enterprises, Inc.

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Craig International Ballistics Pty Ltd.

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Hellweg International Pty Ltd.

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. BAE Systems plc

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Ceradyne Inc.

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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