Body Armor Worldwide Market Description:
Type IV Body Armor Market to Retain Dominance in Near Future
The body armor market is mainly evaluated on the basis of three
parameters: types, application, and material used. Based on types,
the worldwide body armor market is classified into the type I, type
II, type II-A, type III, type III-A, and type IV segments. The market
for type IV body armor stood at the top position in 2014 and is
expected to retain its position, on account of its extensive usage in
the defense sector.
On the basis of applications, the law enforcement protection,
defense, and civilians are the three core segments of the global body
armor market. In 2014, the defense sector accounted for more than
more than 55% of the overall demand for body armor across the world,
acquiring the leading position. The market segment is likely to
maintain its leadership in the near future owing to the high rate of
uptake, driven by technological developments in body armors.
By materials, the global body armor market is segmented into the
markets for body armor made from steel, aramid, composite ceramic,
UHMWPE, and other materials. The composite ceramic body armor market
generated the highest revenue in 2014, contributing to over 30% of
the overall market. Other market segments also registered a rise in
the market value.
North America to Maintain Lead in Global Body Armor Market
The worldwide market for body armor is also analyzed on the basis of
its regional distribution. North America, Latin America, Asia
Pacific, Europe, and the Middle East and Africa are the major
regional markets for body armors. Among these, the North America body
armor market occupied the top position in 2014, accounting for a
majority share of the global market. The market in Europe acquired
the second place with a little over 27% in the same year.
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Armor:
The soldier modernization programs based on survivability including
the enhancement of body armor and a personal protection system
conducted in North America also aided the massive growth of this
regional market. Additionally, the development of the buffalo A2 bar
armor program including armor vehicles and kits is likely to boost
this market in the coming years.
Honeywell International Inc., Survitec Group Ltd., KDH Defense
Systems Inc., Australian Defence Apparel Pty Ltd., DuPont, BAE
Systems Inc., U.S. Armor Corp., Sarkar Defense Solution, ArmorSource
LLC, MKU Pvt. Ltd, Point Blank Enterprises Inc., and Safariland LLC
are the key manufacturers of body armors across the world.
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