Soft Body Armor Market is Forecasted to Reach US$ 1210.7 million in 2028, Says Stratview Research

The global Soft Body Armor Market is projected to witness a growth rate of 4.3% annually from 2023 to 2028, with an anticipated size of US$ 1210.7 million in 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Soft Body Armor Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 1210.7 billion
Growth (CAGR): 4.3% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Soft Body Armor Market:
The global Soft Body Armor Market is segmented based on product type, material type, level of protection type, end-user type, mode of operation Type, and region.

Based on product type - The market is segmented into ballistic-resistant armor, stab-resistant armor, and combined-resistant armor. Ballistic-resistant armor is expected to remain the largest market with a share of >70% in 2022 and it will be the fastest-growing product type with a CAGR of 4.4% in the market during the forecast period. Ballistic-resistant armor is used in large volumes by police officers and other law enforcement personnel to protect them from bullets fired by handguns. The product type is likely to dominate as well as be the fastest growing in the foreseen future. Similarly, stab-resistant armor provides protection from knives, sharp blades, pointed needles, and spikes and its protection level varies as per the sharpness of the knife/spike. Combined-resistant armor provides complete protection against bullets and knives, along with sharp and pointed objects.

Based on material type - The market is segmented into UHMWPE, aramid, and others. Among these materials, the UHMWPE-based soft body armor contributed a major share of >70% in 2022 and it will be the fastest-growing material type with a CAGR of 4.6% in the market during the forecast period because of its significant weight reduction and improved ballistic resistance. The other materials used in soft body armor are generally glass-fiber PE composite, sponge, foam, and rubber, which are majorly used in stab-resistant body armors.

Based on level of protection type - The market is segmented into Level IIA, Level II, Level IIIA, SP1/KR1, SP2/KR2, SP3/KR3, Level IIA + SP/KR/SP-KR, Level II + SP/KR/SP-KR, and Level IIIA + SP/KR/SP-KR. Each product type has a different protection level. While the ballistic-resistant armor has protection levels level IIA, level II, and level IIIA, the stab-resistant armor has protection levels SP1/KR1, SP2/KR2, and SP3/KR3, and the combined-resistant body armor has protection levels of level IIA + SP/KR/SP-KR, Level II + SP/KR/SP-KR, and Level IIIA + SP/KR/SP-KR A. Since level IIIA provides the highest level of protection, it is likely to contribute to a major market share as well as is likely to witness the highest market growth, during the forecast period. The market demand for level IIA protection type is slowly diminishing, due to limited usage and the low level of protection offered by the armor.

Based on end-user type - The market is segmented into military, homeland security, and commercial. Homeland Security dominated the market with a share of >70% in 2022 and it will be the fastest-growing type with a CAGR of 4.6% in the market during the forecast period. As a result of the increasing investments by the US DHS (Department of Homeland Security) and other law enforcement agencies in different countries for the safety of their police officers and other law enforcement personnel, homeland security is anticipated to generate the largest demand and is also likely to witness the fastest market growth, in the coming five years. This is also owing to the large demand for soft body armor during police operations, such as during shootout missions, where soft body armor is used in large volumes as they are deployed across every law enforcement personnel engaged in the operation.

Based on mode of operation type - The market is segmented into covert operation and overt operation. Covert Operation dominated the market in 2022 and it will be the fastest-growing type with a CAGR of 5.3% in the market during the forecast period. The covert operation is considered to be better suited for law enforcement personnel during homeland security operations, as the armor used in such operations is lightweight and designed to be concealed under the personnel's clothing. As a result, it is likely to draw a larger market demand and is also anticipated to witness faster growth, during the forecast period.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is expected to remain the largest market with a share of >65% in 2022 for soft body armor. This growth outlook is majorly attributed to the following-
• The region is home to market-leading companies, such as Point-Blank Enterprises, Inc., Safariland, LLC, and Armor Express, which are also major contractors for the US DoD and the US DHS. In addition, the DHS has been increasing its expenditure on body armor, emphasizing the safety and protection of law enforcement employees.
"Likewise, the Asia-Pacific will be the fastest growing market with a CAGR of 5.4% in the market during the forecast period and is also likely to create sizeable opportunities in the coming five years".
• Driven by the rising gun violence and political conflicts in Asian countries. Also, the presence of local companies, such as Beijing Tongyizhong New Material Technology Corporation and Senken Group Co. Ltd is increasing the regional market attractiveness.

Soft Body Armor Market Drivers:
Some of the key drivers listed in the report are given below.
• The increasing focus on the development of lightweight soft body armor products that stand up to complex threats and ultimately save the lives of law enforcement officers, military personnel, and civilians while providing flexibility and comfort. Increasing R&D investments focused on improving the soldier's comfort and enhancing their protection and survivability will fuel the soft body armor market growth in the coming years.
• The growing usage of improved raw materials in order to decrease the weight of ballistic protection equipment is anticipated to create new market opportunities. Therefore, soft body armor manufacturers are demanding lighter protective solutions, thus, driving the raw material companies' product development and increasing the industry's competitive

Top 10 Companies in the Soft Body Armor Market:
Stratview Research has identified the following companies as the top market players:
• Point Blank Enterprises, Inc.
• Safariland, LLC.
• Armor Express
• Mehler Vario System
• SM Group
• XTEK Group
• Beijing Tongyizhong New Material Technology Corporation
• Senken Group Co., Ltd
• MARS Armor
• US Armor Corporation

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Soft Body Armor Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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