Body Armor Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and Forecast Research Report, 2025
“The global body armor market size was worth USD 2.1 billion in the year 2018 and is predicted to grow at a CAGR of 5.5% over the forecast period.”
The global body armor market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The global body armor market size is projected to reach USD 3.0 billion by 2025, according to a new report published by Million Insights, with a CAGR of 5.5% from 2019 to 2025. The emergence of warfare has considerably become asymmetric and consists of counter-insurgency and counter-terrorism. These conditions further prevail in the law enforcement division, wherein, criminals, law offenders, and felons can severely injure police officers thus, establishing the need for body armors. The rise in warfare is fueling the demand for better ballistic protection products to protect the armed forces. Developing countries like China, India, and South Korea are focusing on replacing the conventional military equipment. Modernization methods have opened new avenues for market participants. Manufacturers are also merging with various military agencies on a contractual basis to acquire a competitive advantage. Technological innovations have bolstered the body armor market growth thus, increasing the demand for products like dragon skin and liquid body armor. Moreover, the need for double-sided enclosed uniforms and modular tactical vests is rising because of its advantages like higher protection.