Global Body Armor Market for Military Applications 2017-2021
About Body Armor
The global body armor market for military applications is expected to witness significant growth during the forecast period. One of the reasons for market growth is the increasing safety concerns for armed forces and the global presence of vendors offering a wide range of body armors. The market is also driven by increasing security threats across regions and advances in explosive devices, which has led to several deaths. Also, the increase in the defense expenditure will drive the growth of the body armor market for military applications. Several other factors that impact the growth of the market include growing violence and increase in the number of terrorist attacks. Also, modern warfare has become increasingly asymmetric, which includes counter-insurgency and counter-terrorism operations.
Technavio’s analysts forecast the global body armor market for military applications to grow at a CAGR of 6.65% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global body armor market for military applications for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of body armors at the manufacturer level.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Body Armour Market for Military Applications 2017-2021
Technavio recognizes the following companies as the key players in the global body armour market for military applications: MKU, 3M, BAE Systems, and Ballistic Body Armor.
Other Prominent Vendors in the market are: AR500 ARMOR, Combat Clothing Australia, Point Blank Enterprises, Craig International Ballistics, Kejo Limited Company, Pacific Safety Products, Hardshell, and Rabintex.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increasing demand for liquid body armor. Liquid body armor is a bulletproof body armor made of layered and fabricated Kevlar synthetic fibers, which make it stronger than steel. Kevlar stops bullets by bending inside upon the impact. This can sometimes be harmful and often lead to death during the combat. To overcome these shortcomings, MORATEX developed a liquid called STF that enhances the flexibility and strength of the armor.”
According to the report, one driver in market is rise in security threats. The rise in conflicts, domestic terrorism, damage from attacks, cross-border terrorism, and other hazards pose a threat to national security. The world has been witnessing several conflicts such as ISIS conflict, Indo-Pak conflict over Kashmir, Syrian civil war, the Lebanon conflict, and the the US-North Korea tensions over the past decade. In combat fields, 95% of injuries sustained by military forces are caused by falling or flying glass, explosive fragments, and mortar shrapnel. The recent wars in Iraq and Afghanistan and the ongoing war with ISIS have prompted defense agencies to improve PPE and body armors. Loss of lives in combat fields have necessitated the improvement in protective armors for troops.
Further, the report states that one challenges in market is difficulty in optimizing weight of body armor. Although vendors are focusing on using lightweight material for manufacturing body armors, the weight of the body armor still poses a challenge for the market. High-performance body armors are integrated with specialized equipment, allowing the personnel to engage in combat without any hindrances. The weight of a body armor increases when it is combined with devices such as radio, ammunition, and optics. Body armors are also integrated with communication systems, face protection, video cameras, oxygen systems, and other advanced technologies. These devices add extra weight to the heavy armor, which affects the mobility, flexibility, and efficiency of the wearer.
MKU, 3M, BAE Systems, Ballistic Body Armor, AR500 ARMOR, Combat Clothing Australia, Point Blank Enterprises, Craig International Ballistics, Kejo Limited Company, Pacific Safety Products, Hardshell, and Rabintex.