Global Body Armor Market to Reach US$4.3 billion by 2021 as Threat of Terrorism Grows across the Globe

ResearchMoz added Latest Research Report titled " Body Armor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 " to it's Large Report database.

The major purpose of Body Armor is to provide a protective clothing in order to absorb, deflect, bludgeon and penetrate attacks. Body armors have applications in various fields such as defense, law enforcement protection and civilians. The global body armor market has been categorized on the basis of types, application, material types and geography. The body armor market on the basis of type has been segmented into Type I, Type II-A, Type II, Type III-A, Type III and Type IV. On the basis of material type, the market has been segmented into steel, UHMWPE, aramid, composite ceramic and others. The body armor market has been bifurcated geographically into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America

The market for body armors is primarily driven by factors such as implementation of Soldier Modernization Programs across various countries. Major innovations are being witnessed in the body armor market as various manufacturers are designing body armors with futuristic requirements such as survivability, sustainability, mobility and lethality.

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Various countries have adopted the Soldier Modernization Programs in the past few years as a result of which the demand for body armors is expected to be high throughout the forecast period. Another factor responsible for the growth of the body armor market is the increasing instances of terrorists’ attacks in various countries. The growth of the jihadist movements especially in the Middle East countries has also fuelled the demand for body armors. Terrorist organizations such as ISIS, AL-Oaida and Hizbollah among others are constantly conducting coordinated country-wide attacks against the government. The deployment of the army and law enforcement forces in huge numbers to tackle the increasing threats from the various terrorist organizations is expected to propel demand of the body armor market. Furthermore, the adoption of the advanced variants of body armors by various defense bodies globally has led to an increase in the demand for body armors.

As per recent trends, it has been observed that, there has been an increasing focus on the part of various manufacturers to develop and design body armors that are lighter and flexible. Moreover, the manufacturers are using advanced ballistic materials to enhance the survivability.

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Table of Contents

Chapter 1 Preface
1.1 Report description
1.2 Research scope
1.3 Research methodology

Chapter 2 Executive Summary

Chapter 3 Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Implementation of Soldier Modernization Programs
3.2.1.2 Increase in Terrorist Threats
3.2.1.3 Replacement of Obsolete Body Armor with Advanced Variants
3.2.2 Market Restraints
3.2.2.1 Defense Budget Cost
3.2.2.2 Limitation Due to Existing Intellectual Property Rights (IPR's) and Patents
3.2.3 Market Opportunities
3.2.3.1 Research and Development Activities to Develop New Materials
3.3 Market trends and outlook
3.4 Global Body Armor Market: Market Attractiveness Analysis
3.5 Competitive strategy adopted by key players

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