The industry is heavily reliant on demand from the US military; consequently, industry revenue plummeted as manufacturing contracts tapered off after mass purchases by the US federal government. Conditions are expected to remain difficult as a result of the continued withdrawal of troops from Afghanistan and Iraq. However, industry revenue is expected to begin recovering midway through the next five-year period as federal funding for defense increases in conjunction with higher demand from law enforcement agencies.
This industry manufactures a variety of body armor (personal armor) for use in law enforcement and military operations. Products include tactical body armor, concealable armor, plates, shields, helmets and padding.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.