NEW YORK, Feb. 17, 2023 /PRNewswire/ — According to Technavio, the global body armor market size is estimated to grow by USD 7.99 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 5.29% during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 23.04 billion. The APAC region is projected to witness an incremental growth of 54%. For more Insights on market size Request a sample report
Body armor market – Five Forces
The global cloud data warehouse market is fragmented, and the five forces analysis covers–
Technavio has announced its latest market research report titled Global Body Armor Market 2023-2027
Bargaining Power of Buyers
The threat of New Entrants
Threat of Rivalry
Bargaining Power of Suppliers
Threat of Substitutes
Interpretation of porter’s five models helps to strategize the business, for entire details – buy the report!
Body armor market – Customer Landscape
The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Body armor market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on Type (BPJ and BPH), Product (Overt and Covert), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).
The market growth in the BPJ segment will be significant during the forecast period. BPJ, also known as a ballistic jacket, is capable of absorbing impacts and reducing or preventing fragmentation due to projectile intrusion from firearms and explosions. These jackets are made of a protective material known as Kevlar, which is the most commonly used material as armor for protection against bullets used in handguns. The demand for these jackets is expected to increase during the forecast period with the growth in crime rates, violence, and terrorism across the world.
Geography Overview
By geography, the global body armor market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global body armor market.
APAC will account for 54% of the market growth during the forecast period. Growing geopolitical tensions in the region is compelling countries to spend significantly in the defense sector. This is one of the major factors fueling the growth of the body armor market in APAC.
Body armor market – Market Dynamics
Key factor driving market growth
The market is driven by the emergence of lightweight raw materials.
Many vendors operating in the market are focusing on the development of lightweight materials for use in body armor.
For instance, Honeywell International is using Spectra fiber. It is a ultra-high-molecular-weight polythene made using a get-spinning process. The fiber is 60% stronger than aramid fiber and is designed to offer better flexibility and comfort.
Similarly, Optimal armor offers its Hadrian range of body armor that typically weighs between 1.5 kg and 2.8 kg. The body armor is designed to enhance performance on the battlefield.
The growing use of lightweight materials will lead to an increase in the adoption of lighter body armor due to their advantages, which is expected to drive the growth of the market in focus.
Leading trends influencing the market
Innovations in materials used for bulletproof jackets is identified as the key trend in the market.
Over recent years, the market has witnessed significant advancements in terms of product innovation.
Some vendors are considering the use of non-Newtonian fluid to enhance the drawbacks of traditional vests.
Bulletproof vests filled with non-Newtonian fluid are capable of stopping bullets from a distance of approximately 1,470 feet. Body armors made using this new liquid are more flexible and lighter than the traditional Kevlar variant.
Similarly, some vendors are using graphene to manufacture body armor. This material is expected to be 200 times stronger than steel and, at the same time, extremely light-weighted, which makes it an ideal anti-bulletproof material.
Many such developments are expected to positively influence the growth of the global body armor market during the forecast period.
Major challenges hindering market growth
Difficulty in optimizing the weight of body armor is a major challenge hindering the growth of the market.
Despite the use of lightweight materials, the weight of body armor still poses a challenge for their adoption.
The weight of body armor increases when it is combined with devices such as radio, ammunition, and optics.
Besides, body armor are integrated with communication systems, face protection, video cameras, oxygen systems, and other advanced technologies. These devices add extra weight to the body armor which is already heavy.
This is becoming a major challenge for the growth of the market.
What are the key data covered in this body armor market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the body armor market between 2023 and 2027
Precise estimation of the size of the body armor market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the body armor market industry across APAC, Europe, North America, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of body armor market vendors
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Body Armor Market Scope |
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Report Coverage |
Details |
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Page number |
159 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.29% |
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Market growth 2023-2027 |
USD 7.99 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
5.04 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 54% |
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Key countries |
US, Turkey, India, China, and Russia |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3M Co., Ace Link Industrial Inc., Armored Republic Holdings LLC, BAE Systems Plc, Canadian Armour Ltd., Craig International Ballistics Pty. Ltd., DFNDR Armor, DuPont de Nemours Inc., Hellweg International Pty Ltd., Hoplite Armor LLC, Indian Armour Systems Pvt. Ltd., MARS Armor, Med Eng Holdings ULC, Point Blank Enterprises Inc., PT Armor Inc., Spartan Armor Systems, Survival Armor Inc., Tote Systems Australia Pty. Ltd., U.S. ARMOR Corp., ULBRICHTS GmbH, and United Shield International LLC |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global body armor market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global body armor market 2017 – 2021 ($ billion)
4.2 Type Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ billion)
4.3 Product Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Product Segment 2017 – 2021 ($ billion)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Type
6.1 Market segments
Exhibit 30: Chart on Type – Market share 2022-2027 (%)
Exhibit 31: Data Table on Type – Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 BPJ – Market size and forecast 2022-2027
Exhibit 34: Chart on BPJ – Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on BPJ – Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on BPJ – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on BPJ – Year-over-year growth 2022-2027 (%)
6.4 BPH – Market size and forecast 2022-2027
Exhibit 38: Chart on BPH – Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on BPH – Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on BPH – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on BPH – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ billion)
7 Market Segmentation by Product
7.1 Market segments
Exhibit 43: Chart on Product – Market share 2022-2027 (%)
Exhibit 44: Data Table on Product – Market share 2022-2027 (%)
7.2 Comparison by Product
Exhibit 45: Chart on Comparison by Product
Exhibit 46: Data Table on Comparison by Product
7.3 Overt – Market size and forecast 2022-2027
Exhibit 47: Chart on Overt – Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Data Table on Overt – Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Chart on Overt – Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Overt – Year-over-year growth 2022-2027 (%)
7.4 Covert – Market size and forecast 2022-2027
Exhibit 51: Chart on Covert – Market size and forecast 2022-2027 ($ billion)
Exhibit 52: Data Table on Covert – Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Chart on Covert – Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Covert – Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Product
Exhibit 55: Market opportunity by Product ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 57: Chart on Market share by geography 2022-2027 (%)
Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 59: Chart on Geographic comparison
Exhibit 60: Data Table on Geographic comparison
9.3 APAC – Market size and forecast 2022-2027
Exhibit 61: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
Exhibit 62: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
Exhibit 63: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.4 Europe – Market size and forecast 2022-2027
Exhibit 65: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
Exhibit 66: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
Exhibit 67: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.5 North America – Market size and forecast 2022-2027
Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ billion)
Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 73: Chart on South America – Market size and forecast 2022-2027 ($ billion)
Exhibit 74: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
Exhibit 75: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 77: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
Exhibit 78: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
Exhibit 79: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 India – Market size and forecast 2022-2027
Exhibit 81: Chart on India – Market size and forecast 2022-2027 ($ billion)
Exhibit 82: Data Table on India – Market size and forecast 2022-2027 ($ billion)
Exhibit 83: Chart on India – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on India – Year-over-year growth 2022-2027 (%)
9.9 China – Market size and forecast 2022-2027
Exhibit 85: Chart on China – Market size and forecast 2022-2027 ($ billion)
Exhibit 86: Data Table on China – Market size and forecast 2022-2027 ($ billion)
Exhibit 87: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on China – Year-over-year growth 2022-2027 (%)
9.10 Russia – Market size and forecast 2022-2027
Exhibit 89: Chart on Russia – Market size and forecast 2022-2027 ($ billion)
Exhibit 90: Data Table on Russia – Market size and forecast 2022-2027 ($ billion)
Exhibit 91: Chart on Russia – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Russia – Year-over-year growth 2022-2027 (%)
9.11 US – Market size and forecast 2022-2027
Exhibit 93: Chart on US – Market size and forecast 2022-2027 ($ billion)
Exhibit 94: Data Table on US – Market size and forecast 2022-2027 ($ billion)
Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)
9.12 Turkey – Market size and forecast 2022-2027
Exhibit 97: Chart on Turkey – Market size and forecast 2022-2027 ($ billion)
Exhibit 98: Data Table on Turkey – Market size and forecast 2022-2027 ($ billion)
Exhibit 99: Chart on Turkey – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Turkey – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 101: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 102: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 104: Overview on factors of disruption
11.4 Industry risks
Exhibit 105: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 106: Vendors covered
12.2 Market positioning of vendors
Exhibit 107: Matrix on vendor position and classification
12.3 3M Co.
Exhibit 108: 3M Co. – Overview
Exhibit 109: 3M Co. – Business segments
Exhibit 110: 3M Co. – Key news
Exhibit 111: 3M Co. – Key offerings
Exhibit 112: 3M Co. – Segment focus
12.4 Ace Link Industrial Inc.
Exhibit 113: Ace Link Industrial Inc. – Overview
Exhibit 114: Ace Link Industrial Inc. – Product / Service
Exhibit 115: Ace Link Industrial Inc. – Key offerings
12.5 Armored Republic Holdings LLC
Exhibit 116: Armored Republic Holdings LLC – Overview
Exhibit 117: Armored Republic Holdings LLC – Product / Service
Exhibit 118: Armored Republic Holdings LLC – Key offerings
12.6 BAE Systems Plc
Exhibit 119: BAE Systems Plc – Overview
Exhibit 120: BAE Systems Plc – Business segments
Exhibit 121: BAE Systems Plc – Key offerings
Exhibit 122: BAE Systems Plc – Segment focus
12.7 Canadian Armour Ltd.
Exhibit 123: Canadian Armour Ltd. – Overview
Exhibit 124: Canadian Armour Ltd. – Product / Service
Exhibit 125: Canadian Armour Ltd. – Key offerings
12.8 Craig International Ballistics Pty. Ltd.
Exhibit 126: Craig International Ballistics Pty. Ltd. – Overview
Exhibit 127: Craig International Ballistics Pty. Ltd. – Product / Service
Exhibit 128: Craig International Ballistics Pty. Ltd. – Key offerings
12.9 DFNDR Armor
Exhibit 129: DFNDR Armor – Overview
Exhibit 130: DFNDR Armor – Product / Service
Exhibit 131: DFNDR Armor – Key offerings
12.10 DuPont de Nemours Inc.
Exhibit 132: DuPont de Nemours Inc. – Overview
Exhibit 133: DuPont de Nemours Inc. – Business segments
Exhibit 134: DuPont de Nemours Inc. – Key news
Exhibit 135: DuPont de Nemours Inc. – Key offerings
Exhibit 136: DuPont de Nemours Inc. – Segment focus
12.11 Hellweg International Pty Ltd.
Exhibit 137: Hellweg International Pty Ltd. – Overview
Exhibit 138: Hellweg International Pty Ltd. – Product / Service
Exhibit 139: Hellweg International Pty Ltd. – Key offerings
12.12 Hoplite Armor LLC
Exhibit 140: Hoplite Armor LLC – Overview
Exhibit 141: Hoplite Armor LLC – Product / Service
Exhibit 142: Hoplite Armor LLC – Key offerings
12.13 Med Eng Holdings ULC
Exhibit 143: Med Eng Holdings ULC – Overview
Exhibit 144: Med Eng Holdings ULC – Product / Service
Exhibit 145: Med Eng Holdings ULC – Key offerings
12.14 Point Blank Enterprises Inc.
Exhibit 146: Point Blank Enterprises Inc. – Overview
Exhibit 147: Point Blank Enterprises Inc. – Product / Service
Exhibit 148: Point Blank Enterprises Inc. – Key offerings
12.15 Spartan Armor Systems
Exhibit 149: Spartan Armor Systems – Overview
Exhibit 150: Spartan Armor Systems – Product / Service
Exhibit 151: Spartan Armor Systems – Key offerings
12.16 U.S. ARMOR Corp.
Exhibit 152: U.S. ARMOR Corp. – Overview
Exhibit 153: U.S. ARMOR Corp. – Product / Service
Exhibit 154: U.S. ARMOR Corp. – Key offerings
12.17 United Shield International LLC
Exhibit 155: United Shield International LLC – Overview
Exhibit 156: United Shield International LLC – Product / Service
Exhibit 157: United Shield International LLC – Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 158: Inclusions checklist
Exhibit 159: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 160: Currency conversion rates for US$
13.4 Research methodology
Exhibit 161: Research methodology
Exhibit 162: Validation techniques employed for market sizing
Exhibit 163: Information sources
13.5 List of abbreviations
Exhibit 164: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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