Body Armor Manufacturing in the US - Industry Market Research Report
Description
Body Armor Manufacturing in the US
The Body Armor Manufacturing industry, which produces protective equipment, including hard and soft body armor, shields and headwear, has benefited from increased government spending through 2023. The industry heavily relies on demand from the US military, which receives its funding from the federal government. Reduced US combat operations and relatively low defense spending led to lower US military spending on armor in 2020 and 2021. Even so, domestic law enforcement spending increased, responding to increased protesting and rioting. Similarly, rising global tensions have stimulated Department of Defense spending on body armor in 2022 and 2023, despite attempted budget cuts. Overall, revenue has grown at an expected CAGR of 3.9% to $759.2 million over the five years to 2023, despite a 0.5% contraction in 2023.
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."
The Body Armor Manufacturing industry, which produces protective equipment, including hard and soft body armor, shields and headwear, has benefited from increased government spending through 2023. The industry heavily relies on demand from the US military, which receives its funding from the federal government. Reduced US combat operations and relatively low defense spending led to lower US military spending on armor in 2020 and 2021. Even so, domestic law enforcement spending increased, responding to increased protesting and rioting. Similarly, rising global tensions have stimulated Department of Defense spending on body armor in 2022 and 2023, despite attempted budget cuts. Overall, revenue has grown at an expected CAGR of 3.9% to $759.2 million over the five years to 2023, despite a 0.5% contraction in 2023.
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."
Table of Contents
43 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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