Body Armor Market Valuation Is Expected To Exceed USD 3.0 Billion By 2025Posted by Neha Bora on January 24th, 2020 San Francisco, 24 January 2020: The Report Body Armor Market Size, Share & Trends Analysis Report By Level, By Application (Law Enforcement Protection, Defense), By Material, By Product By Type, By Product By Style, By Region, And Segment Forecasts, 2019 – 2025 The global body armor market size is expected to reach USD 3.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% over the forecast period. The evolution of warfare has largely become asymmetric in nature and includes counter-terrorism and counter-insurgency. Similar scenarios exist in the law enforcement sectors, wherein felons, criminals, and law offenders are capable of fatally injuring responding officers, thus necessitating the demand for body armor equipment. Surge in military warfare is propelling the need for improved ballistic protection equipment in order to safeguard the personnel and armed forces. Emerging economies such as India, South Korea, and China are persistently focusing on the replacement of legacy military equipment and are subsequently increasing their spending on the defense sector. Modernization activities are creating several growth opportunities for body armor providers. They are also trying to gain a competitive edge by collaborating with different military agencies through contracts. Technological advances are accelerating the market growth as there is a rise in the use of innovative products, such as liquid body armor and dragon skin. Additionally, demand for modular tactical vests and double-sided combat uniforms is increasing owing to their benefits, such as enhanced protection and improved soldier survivability. Prominent manufacturers of personal protection suits are extensively investing in R&D activities for the development of advanced fibers, fabrics, and nanotechnology materials to improve the effectiveness of a body armor. Use of modular tactical vests is gaining momentum and these vests are rapidly replacing the conventional outer tactical vests (OTVs) that limit a soldier’s efficiency of carrying additional assault loads, such as magazines (firearms) and grenades. Access Research Report of Body Armor Market @ https://www.grandviewresearch.com/industry-analysis/body-armor-market Further key findings from the study suggest:
Grand View Research has segmented the global body armor market by level, application, material, product by type, product by style, and region: Body Armor Level Outlook (Revenue, USD Million, 2014 - 2025)
Body Armor Application Outlook (Revenue, USD Million, 2014 - 2025)
Body Armor Material Outlook (Revenue, USD Million, 2014 - 2025)
Body Armor Product by Type Outlook (Revenue, USD Million, 2014 - 2025)
Body Armor Product by Style Outlook (Revenue, USD Million, 2014 - 2025)
Body Armor Regional Outlook (Revenue, USD Million, 2014 - 2025)
Like it? Share it!More by this author |