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Allied Market Research

Body Armor Accessories Market by Product Type (Plates & Inserts, Shieled, Carrier, Helmet, Clothers, Bulletproff Layer, and Others), by Material (Steel, UHMWPE, Armid, Composite Cermaic, and Others), and by End User (Defense, Law Enforcement, and Civilian): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09722
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Jan 2021 | 119 Views
 
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COVID-19

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Body Armor AccessoriesMarket Outlook – 2027

Body armor is a protection of some kind used to defend against penetrating bullet attacks or any firearm. Body armor is historically used by military personnel only and is commonly used by political, police, and security officials. Body armor accessories include combat helmets, protective jackets, and shields, which are a must for all armed forces, police personnel. Various types of body armors are used according to the users' requirements. These jackets consist of various layers of laminate fibers. In soft jackets, ballistic plates are often inserted. Besides, soft jackets can be used to provide additional protection against rifles and knife stabbing. These vests bend the bullet, distributing its impact over a greater portion of the fabric; thereby, mushrooming the bullet into a platter shape.

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2019

Forecast period

2020–2027

Forecast units

Value (USD)

Segments covered

Product type, material, and enduser

Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and The Middle East and Africa

Companies covered

AR500, EnGarde, TYR Tactical, Elite Survival Systems, Eagle Industries, Tacprogear, Point Blank, SFI, BlackHawk, Survival Armor, SKD, BFG, and Hoplite Armour

COVID-19 Scenario Analysis:

  • Even while the world is tackling COVID- 19 pandemic, still all the military procurement is continuing in almost every country, because national safety is foremost important.
  • Big spenders on defense such as the U.S., Russia devote approximately 4 percent of their GDP to defense, a substantial amount.
  • Major powers like the U.S. have already halted all troop movement, missions, and exercises. Cessing or reducing military exercises would reduce the engagement time, informal testing, and evaluation of equipment and reduce the latent market development potential.
  • The lack of supply of Chinese manufacturers of raw materials has led to a severe demand-supply gap. Moreover, raw material orders are likely to hinder the producers, as the logistics industry has been seriously affected by the lockdown in the COVID-19 crisis.
  • However, the producers are expected to withdraw from China to minimize potential market risks and reduce the cluster of manufacturers in a single country to crawl up the supply chain.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Increased demand for protective equipment for personal defense is predicted to fuel market growth as a result of anti-national activities and increasing terrorism throughout the world. Demand for armor and personal protective equipment in developing countries is growing, but inadequate supply has led to a growing number of soldiers being wounded or dead.In Asia-Pacific countries like India, China, and South Korea, a widespread modernization of conventional systems and increasing warfare and borders drive demand for advanced armors and their accessories.The growth of the world market is also stimulating innovations and additional features with advanced designs and manufacturers' customization.However, the economic crisis conditions in many countries, and a decreased budget allocation for the defense sector, particularly in European countries like the UK, Germany, etc., could hamper demand and restrict world body armor growth.

The global body armor accessoriesmarket trends are as follows:

New product launches to flourish the market

Researchers at the University of Victoria in Australia created a revolutionary new additive that promises to boost the body armor dramatically which is called Comfort-Optimized Materials for Operational Resilience, Thermal-Transport & Survivability (COMFORTS). Honeywell Launched Spectra Shield 6166 in January 2020, offering the highest energy adsorption for high-power rifle or high-energy threats for improved energy adsorption in hard body armor. A multi-year Indefinite Delivery, Indefinite Quantity (ID / IQ) USD 209M body armor contract has been awarded to the United States Defense Logistics Agency Troop Support (DLA-TS) for updated Enhanced Small Arms Protective Inserts. A research team has discovered a new polybenzoxazole (PBO) production method, which is commercially known as Zylon and used in body armor. Texas A&M University Engineers have developed a new formula that can prevent the weakening of today's body armor by adding a tiny bit of silicone to boron carbide, which makes it more resilient to high-speed impacts.

Rise in use of materials and fibers in nanotechnology

The increasing use of nanotechnology materials and fibers is one of the main trends affecting the global corporate armor market.To absorb a ballistic impact, the body armor currently available uses a stiff, heavy layer of ceramic material. Body armors are heavy and unmanageable. Traders have begun to use unique fabrics in body armoring manufacture to increase the effectiveness of troops, to protect police and ballistic protection.Improved nano-properties include lower weight, increased power, improved durability, enhanced reactivity, and ability to modify or change certain features.These features are very useful in reducing soldiers' weight and improving survival rates.

Segments

Sub-segments

Product type

  • Plates & Inserts
  • Shields
  • Carrier
  • Helmets
  • Clothes
  • Bulletproof layer
  • Others

Material

  • Steel
  • UHMWPE
  • Aramid
  • Composite ceramic
  • Others

End-User

  • Defense
  • Law enforcement
  • Civilian

 

Key benefits of the report:

  • This study presents the analytical depiction of the global body armor accessoriesindustry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the body armor accessories market research report:

  • What are the leading market players active in the body armor accessoriesmarket?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

 

 

 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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