Body Armor Manufacturing
The Body Armor Manufacturing industry, which produces protective equipment such as hard and soft body armor, shields and headwear, took a major hit over the five years to 2018. The industry is highly reliant on demand from the US military, which receives its funding from the federal government. Over the past five years, industry revenue has fallen rapidly after reaching unprecedented levels earlier in the decade. Unlike the military market, the domestic law enforcement market fared better over the past five years. The federal government has consistently subsidized and even supplied domestic police agencies with industry products. While this has bolstered demand for body armor, the overall poor finances of local and state governments have limited this market. Body armor manufacturers are forecast to fare better over the next five years. Federal funding for defense is expected to rebound from recent declines. Moreover, domestic law enforcement agencies will also spend more on industry products.
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.
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