Body Armor Market: Research and Development in Manufacturing Technology of Body Armor Drives Market
Research and Development in Manufacturing Technology of Body Armor Drives Market
The ongoing soldier modernization programs initiated by several governments across the globe are augmenting the sale of body armor. Organizations are also investing in state-of-art armor as they come with enhanced mobility, lethality, sustainability, and survivability, states Transparency Market Research. The increasing investments in research and development activities to develop light-weight materials and to incorporate technical precision in manufacturing body armor suits is likely to drive the growth of the market in the near future. The rising threats of terrorism due to political instability are also expected to boost the demand for body armor in the near future.
The report states that the opportunity in the global body armor market was worth US$3.30 bn in 2014 and is expected to reach US$4.33 bn by the end of 2021. Between 2015 and 2021, the overall market is projected to expand at a CAGR of 4.0%. The global market will also receive an impetus from laws mandating use of body armor among law enforcement and military personnel, as is seen across the U.A.E. Furthermore, the investments made by Brazil, Russia, the U.S., and India to develop sophisticated materials will also enhance the quality of body armor in the near future, thereby propelling their demand.
Obtain Report Details @
Demand for Type IV Body Armor Projected to Remain High
The types of body armor available in the global market include type I, type II-A, type II, type III-A, type III, and type IV. The type IV body armor is being widely adopted by militaries across the world as they lend among the highest levels of protection. This armor claims to protect against .30 caliber armor piercing bullets along with single-hit protection from the type I, type II-A, type II, and type III threats. Replacement of obsolete armor with advanced versions will also propel the sale of type IV body armor in the coming years. Owing to these reasons, the type IV body armor segment is expected to expand at a CAGR of 3.6% between 2015 and 2021 in terms of revenue.
Get accurate market forecast and analysis on the Body Armor Market. Request a sample to stay abreast on the key trends impacting this market@
High Incidence of Handgun Crimes Attributable to North America’s Leading Position
North America, Europe, the Middle East and Africa, Latin America, and Asia Pacific are the key regional segments of the global body armor market. Of these, North America held a leading share of 50.3% in the global market in terms of revenue. By the end of 2021, this share will rise marginally to 50.4%. The persistent acquisition of advanced equipment by military organizations in the U.S. is the primary growth driver for the body armor market. Furthermore, the high incidence of handgun crimes is also likely to spur the demand for body armor during the forecast period.
Some of the leading players in the global body armor market are Honeywell International Inc., Point Blank Enterprises, Inc., BAE Systems, Inc., Sarkar Defense Solutions, MKU Pvt. Ltd., and Safariland, LLC. Companies will have to focus on achieving technological precision to add features to body armor that not only prevent injury but also reduce the level of trauma. In the near future, players focusing on research and development are likely to garner the biggest shares in the overall market.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Body Armor Market: Research and Development in Manufacturing Technology of Body Armor Drives Market here
News-ID: 602765 • Views: 450
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment
More Releases for Body
Global Full Body Scanner Market
This report studies the global Full Body Scanner market status and forecast, categorizes the global Full Body Scanner market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa). Full Body Scanner is a device that detects objects on a person's body for
Global Power Towers Market Professional Survey Report 2017 - Best Fitness, Body …
Albany, New York, June 23, 2017 : Recent research and the current scenario as well as future market potential of " Global Power Towers Industry : Market Demands, Insights, Research and Forecast 2017-2021 " globally. This report studies Power Towers in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2011 to 2015, and forecast to
Global Electric Guitar Market 2017 - Solid Body, Semi-Hollow Body, Hollow Body, …
Global Electric Guitar Market 2017 Production, Shares, Supply, Demand, Analysis & Forecast to 2022 Global Electric Guitar Market 2017, presents a professional and in-depth study on the current state of the Electric Guitar market globally, providing basic overview of Electric Guitar market including definitions, classifications, applications and industry chain structure, Electric Guitar Market report provides development policies and plans are discussed as well as manufacturing processes and cost structures. Electric Guitar
Body language in the classroom
Body language plays a crucial role, particularly in communication between teachers and students. This is the outcome of a project funded by the Austrian Science Fund FWF which focused on the hidden elements of teaching. An encouraging smile, a sceptical frown, a negating shake of the head: body language is very diverse and effective. With the discovery of mirror neurons, brain researchers corroborated its impact by demonstrating how these nerve cells
Why measure body composition?
Obesity or muscle wasting disease? A patient's body composition data are essential for the diagnosis and treatment of weight-related disorders. Too much fat in the body is unhealthy – but so is too little. A risky body composition may not be obvious at first glance. A heavyweight boxer, for example, has great muscle mass and a high weight. According to the Body Mass Index, this combination indicates obesity,
Body Painting Goes Mainstream
What do Delta Faucets, members of the Tallahassee Roller Derby, Rodney Perry of Better Mornings Atlanta and models for the upcoming LeMoyne Art & Soul Fundraiser have in common? They’ve all stepped up for body painting! Lately body painting has been showcased in everything from bridal magazines and catwalks to television shows and commercials (the New Zealand Air commercial has been viewed almost 7 million times!) Recently two staff members of