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What's Driving The Body Armor Market Trends? | Aegis engineering Ltd., BAE Systems, Ballistic Body Armor (Pty) Ltd., Kejo Limited Company, AR500 Armor, XTEK Limited

11-12-2019 10:27 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights

Body Armor Market

Body Armor Market

Global Body Armor Market Forecast to 2025 released By Global Market Insights, Inc. provides market information about industry top key players, countries, type and application. This report also states company profile, sales, market revenue and price, market share, market growth and gross margin by regions, strategic recommendations for the new entrants, market forecasts for a minimum of five years of all the mentioned segments, sub segments and the regional markets.

Steel gears in the body armor market segment is expected to witness the highest growth in revenue shares. The growth can be attributed to the high protection properties provided by steel, bulletproof to a high extent, and durable compared to other materials. Steel-plated armors are extensively used by soldiers and police officers during risky operations to get added protection. The demand for these armors is increasing in the defense industry due to their ability to handle precision rounds at the same place. The growing emphasis on enhancing personal protection for ground troops and armed forces will support the demand for steel-plated body armors over the forecast period.

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The defense sector is expected to dominate the body armor market in terms of revenue share over the forecast timeline. The growth is due to the high requirement of these products to protect soldiers and officers in wars and critical situations such as firing and attacks. Modernization in military systems and equipment provided to militants in several countries including China and the U.S. are increasing the demand for armors. The demand for the civilian application segment is expected to increase over the forecast period due to the rise in numbers of home invasions, burglaries, and robberies.

The North America body armor market will grow at the highest rate over the forecast timeline. Military and defense initiatives in the country, such as Army Soldier Protection Systems, adopted for providing fully advanced body armors to soldiers and cops accelerate the industry growth. The need to ensure the security of armed forces due to the increasing number of terrorist attacks is fueling the industry growth. The increasing warfare and cross border disputes in the Asia Pacific countries including China and South Korea are supporting the demand for advanced body armors. development.

The players operating in the body armor market include Aegis engineering Ltd., BAE Systems, Ballistic Body Armor (Pty) Ltd., Kejo Limited Company, AR500 Armor, XTEK Limited, Hellweg International, Safariland LLC, Pacific Safety Systems, and Point Black Enterprises. Several manufacturers in the market are adopting business expansion strategies, such as mergers & acquisitions, partnerships, and collaborations.

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Body Armor Market by Product Type
• Soft Armor
• Hard Armor
• Accessories

By Application
• Defense
• Law Enforcement Officers
• Civilians

Body Armor Market by Level
• Level I
• Level IIA
• Level II
• Level IIIA
• Level III
• Level IV

By Material Type
• Steel
• Ultra-high-molecular-weight polyethylene (UHMWPE)
• Composite Ceramic
• Aramid

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, Application, renewable energy and bio Application.

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