Body armor market size to grow by USD 7.99 billion by 2027, APAC will account for 54% of the market growth - Technavio

NEW YORK, Feb. 17, 2023 /PRNewswire/ -- According to Technavio, the global body armor market size is estimated to grow by USD 7.99 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 5.29% during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 23.04 billion. The APAC region is projected to witness an incremental growth of 54%. For more Insights on market size Request a sample report

Body armor market - Five Forces
The global cloud data warehouse market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Body armor market – Customer Landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Body armor market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on Type (BPJ and BPH), Product (Overt and Covert), and Geography (APAC, Europe, North America, South America, and Middle East and Africa). 

• The market growth in the BPJ segment will be significant during the forecast period. BPJ, also known as a ballistic jacket, is capable of absorbing impacts and reducing or preventing fragmentation due to projectile intrusion from firearms and explosions. These jackets are made of a protective material known as Kevlar, which is the most commonly used material as armor for protection against bullets used in handguns. The demand for these jackets is expected to increase during the forecast period with the growth in crime rates, violence, and terrorism across the world.

Geography Overview
By geography, the global body armor market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global body armor market.

• APAC will account for 54% of the market growth during the forecast period. Growing geopolitical tensions in the region is compelling countries to spend significantly in the defense sector. This is one of the major factors fueling the growth of the body armor market in APAC.

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Body armor market – Market Dynamics

Key factor driving market growth

• The market is driven by the emergence of lightweight raw materials.
• Many vendors operating in the market are focusing on the development of lightweight materials for use in body armor.
• For instance, Honeywell International is using Spectra fiber. It is a ultra-high-molecular-weight polythene made using a get-spinning process. The fiber is 60% stronger than aramid fiber and is designed to offer better flexibility and comfort.
• Similarly, Optimal armor offers its Hadrian range of body armor that typically weighs between 1.5 kg and 2.8 kg. The body armor is designed to enhance performance on the battlefield.
• The growing use of lightweight materials will lead to an increase in the adoption of lighter body armor due to their advantages, which is expected to drive the growth of the market in focus.

Leading trends influencing the market 

• Innovations in materials used for bulletproof jackets is identified as the key trend in the market.
• Over recent years, the market has witnessed significant advancements in terms of product innovation.
• Some vendors are considering the use of non-Newtonian fluid to enhance the drawbacks of traditional vests.
• Bulletproof vests filled with non-Newtonian fluid are capable of stopping bullets from a distance of approximately 1,470 feet. Body armors made using this new liquid are more flexible and lighter than the traditional Kevlar variant.
• Similarly, some vendors are using graphene to manufacture body armor. This material is expected to be 200 times stronger than steel and, at the same time, extremely light-weighted, which makes it an ideal anti-bulletproof material.
• Many such developments are expected to positively influence the growth of the global body armor market during the forecast period.

Major challenges hindering market growth

• Difficulty in optimizing the weight of body armor is a major challenge hindering the growth of the market.
• Despite the use of lightweight materials, the weight of body armor still poses a challenge for their adoption.
• The weight of body armor increases when it is combined with devices such as radio, ammunition, and optics.
• Besides, body armor are integrated with communication systems, face protection, video cameras, oxygen systems, and other advanced technologies. These devices add extra weight to the body armor which is already heavy.
• This is becoming a major challenge for the growth of the market.

Driver, trend, and challenges are the factor of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this body armor market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the body armor market between 2023 and 2027
• Precise estimation of the size of the body armor market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the body armor market industry across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of body armor market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global body armor market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global body armor market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 BPJ - Market size and forecast 2022-2027
• Exhibit 34: Chart on BPJ - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on BPJ - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on BPJ - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on BPJ - Year-over-year growth 2022-2027 (%)

• 6.4 BPH - Market size and forecast 2022-2027
• Exhibit 38: Chart on BPH - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on BPH - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on BPH - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on BPH - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ billion)

7 Market Segmentation by Product

• 7.1 Market segments 
• Exhibit 43: Chart on Product - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 45: Chart on Comparison by Product
• Exhibit 46: Data Table on Comparison by Product

• 7.3 Overt - Market size and forecast 2022-2027
• Exhibit 47: Chart on Overt - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Overt - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Overt - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Overt - Year-over-year growth 2022-2027 (%)

• 7.4 Covert - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Covert - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Covert - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Covert - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Covert - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Product 
• Exhibit 55: Market opportunity by Product ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 India - Market size and forecast 2022-2027
• Exhibit 81: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Russia - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Russia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Russia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Russia - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Russia - Year-over-year growth 2022-2027 (%)

• 9.11 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.12 Turkey - Market size and forecast 2022-2027
• Exhibit 97: Chart on Turkey - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Turkey - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Turkey - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Turkey - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 3M Co. 
• Exhibit 108: 3M Co. - Overview
• Exhibit 109: 3M Co. - Business segments
• Exhibit 110: 3M Co. - Key news
• Exhibit 111: 3M Co. - Key offerings
• Exhibit 112: 3M Co. - Segment focus

• 12.4 Ace Link Industrial Inc. 
• Exhibit 113: Ace Link Industrial Inc. - Overview
• Exhibit 114: Ace Link Industrial Inc. - Product / Service
• Exhibit 115: Ace Link Industrial Inc. - Key offerings

• 12.5 Armored Republic Holdings LLC 
• Exhibit 116: Armored Republic Holdings LLC - Overview
• Exhibit 117: Armored Republic Holdings LLC - Product / Service
• Exhibit 118: Armored Republic Holdings LLC - Key offerings

• 12.6 BAE Systems Plc 
• Exhibit 119: BAE Systems Plc - Overview
• Exhibit 120: BAE Systems Plc - Business segments
• Exhibit 121: BAE Systems Plc - Key offerings
• Exhibit 122: BAE Systems Plc - Segment focus

• 12.7 Canadian Armour Ltd. 
• Exhibit 123: Canadian Armour Ltd. - Overview
• Exhibit 124: Canadian Armour Ltd. - Product / Service
• Exhibit 125: Canadian Armour Ltd. - Key offerings

• 12.8 Craig International Ballistics Pty. Ltd.
• Exhibit 126: Craig International Ballistics Pty. Ltd. - Overview
• Exhibit 127: Craig International Ballistics Pty. Ltd. - Product / Service
• Exhibit 128: Craig International Ballistics Pty. Ltd. - Key offerings

• 12.9 DFNDR Armor 
• Exhibit 129: DFNDR Armor - Overview
• Exhibit 130: DFNDR Armor - Product / Service
• Exhibit 131: DFNDR Armor - Key offerings

• 12.10 DuPont de Nemours Inc. 
• Exhibit 132: DuPont de Nemours Inc. - Overview
• Exhibit 133: DuPont de Nemours Inc. - Business segments
• Exhibit 134: DuPont de Nemours Inc. - Key news
• Exhibit 135: DuPont de Nemours Inc. - Key offerings
• Exhibit 136: DuPont de Nemours Inc. - Segment focus

• 12.11 Hellweg International Pty Ltd. 
• Exhibit 137: Hellweg International Pty Ltd. - Overview
• Exhibit 138: Hellweg International Pty Ltd. - Product / Service
• Exhibit 139: Hellweg International Pty Ltd. - Key offerings

• 12.12 Hoplite Armor LLC 
• Exhibit 140: Hoplite Armor LLC - Overview
• Exhibit 141: Hoplite Armor LLC - Product / Service
• Exhibit 142: Hoplite Armor LLC - Key offerings

• 12.13 Med Eng Holdings ULC 
• Exhibit 143: Med Eng Holdings ULC - Overview
• Exhibit 144: Med Eng Holdings ULC - Product / Service
• Exhibit 145: Med Eng Holdings ULC - Key offerings

• 12.14 Point Blank Enterprises Inc. 
• Exhibit 146: Point Blank Enterprises Inc. - Overview
• Exhibit 147: Point Blank Enterprises Inc. - Product / Service
• Exhibit 148: Point Blank Enterprises Inc. - Key offerings

• 12.15 Spartan Armor Systems 
• Exhibit 149: Spartan Armor Systems - Overview
• Exhibit 150: Spartan Armor Systems - Product / Service
• Exhibit 151: Spartan Armor Systems - Key offerings

• 12.16 U.S. ARMOR Corp. 
• Exhibit 152: U.S. ARMOR Corp. - Overview
• Exhibit 153: U.S. ARMOR Corp. - Product / Service
• Exhibit 154: U.S. ARMOR Corp. - Key offerings

• 12.17 United Shield International LLC 
• Exhibit 155: United Shield International LLC - Overview
• Exhibit 156: United Shield International LLC - Product / Service
• Exhibit 157: United Shield International LLC - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 158: Inclusions checklist
• Exhibit 159: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 160: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 161: Research methodology
• Exhibit 162: Validation techniques employed for market sizing
• Exhibit 163: Information sources

• 13.5 List of abbreviations 
• Exhibit 164: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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