Global Body Armor Market: Emerging Trends, Major Key Players Aegis Engineering Ltd and AR500 Armor

According to the report, he global body armor market size was valued at USD 2.32 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2021 to 2028. The increasing number of local conflicts and terrorist activities are the major factor driving the demand for body armor. The rising trend of organized crime and the increasing number of casualties on battlefields around the world is also driving the growth of the body armor market. The increasing industrialization and urbanization are expected to fuel the usage of body armor in near future.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global BODY ARMOR industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Body Armor market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Body Armor players holding highest market share include Aegis Engineering Ltd and AR500 Armor.These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report 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
• Point Blank Enterprises Inc

Segmental Analysis

Market Segment By Level Type with focus on market share, consumption trend, and growth rate of BODY ARMOR Market:
o Level I
o Level IIA
o Level II
o Level IIIA
o Level III
o Level IV

Market Segment By Application with focus on market share, consumption trend, and growth rate of BODY ARMOR Market:
o Defense
o Law Enforcement Protection
o Civilians

Market Segment By Material with a focus on market share, consumption trend, and growth rate of BODY ARMOR Market:
o Steel
o UHMWPE
o Aramid
o Composite Ceramic
o Alumina
o Silicon Carbide (SiC)
o Ceramic-Metal Composite
o Boron Carbide
o Others

Market Segment By Product Type with a focus on market share, consumption trend, and growth rate of BODY ARMOR Market:
o Soft Armor
o Plates & Inserts
o Shields
o Hard Armor
o Plates & Inserts
o Shields
o Accessories
o Carrier
o Helmets
o Others

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Global Body Armor Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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