The Body Armor Market has been Exhibiting a Healthy Growth in Recent Times.

Body Armor Market

Body armor is a protective garment designed or intended to protect individuals from gunshots or stab wounds. Soldier Modernization Programs is one of the major factors responsible for the growth of the body armor market. There has been an increasing focus to design body armors that meet futuristic requirements and enhances on the survivability, sustainability and mobility front. Moreover, the demand for body armor is also expected to remain high throughout the forecast period on account of it being increasingly procured by various defense and law enforcement protection bodies to counter the growing threats of terrorism. Furthermore, increasing instances of handgun threats across various countries is driving the growth of body armor market. These factors in overall are expected to positively impact the growth of body armor market during the forecast period from 2015 to 2021.

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Body Armor Market was valued at USD 3.3 billion in 2014 and is estimated to grow at a CAGR of 4.0% and reach USD 4.3 billion by 2021.

By types, the market has been divided into six segments, namely

> Type I

> Type II-A

> Type II

> Type III-A

> Type III

> Type IV

The Type IV segment generated the maximum revenue in 2014. Type IV body armors are extensively used in the defense sector as it is the strongest type of body armor and provide protection even against .30 caliber armor piercing (AP) bullets.

By applications, market is classified into three segments, namely:

> Defense

> Law Enforcement Protection

> Civilians

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The defense sector held the largest market share accounting for more than 55% in 2014. The body armors used in the defense sector is mainly driven by the various modernization programs coupled with adoption of the advanced variants of body armors by various defense organizations. These factors are expected to positively impact the market in the coming years.

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. For example, Moratex, a Polish company has developed a new type of bulletproof vest that is filled with a special type of non-Newtonian fluid, which the company is calling Shear-Thickening Fluid (STF). Various military and law enforcement agencies are seeking to replace the older body components with more advanced new solutions. The body armor market is also witnessing the release of several fibers and Uni-Directional products that offers improvements in the performance.

Some of the major players in the market are: Point Blank Enterprises, Inc. (U.S.), BAE Systems, Inc. (U.S.), Australian Defence Apparel Pty Ltd. (Australia), ArmorSource LLC (U.S.), Survitec Group Limited (U.K.), Sarkar Defense Solutions (U.S.), MKU Pvt. Ltd. (India), KDH Defense Systems Inc. (U.S.), Safariland, LLC (U.S.) and Honeywell International Inc. (U.S.) among others.

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