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The Global Body Armor and Personal Protection Market 2014-2024 - Market Size and Drivers: Market Profile

The Global Body Armor and Personal Protection Market 2014-2024 - Market Size and Drivers: Market Profile

Summary

This report provides readers with a comprehensive analysis of the Body Armor and Personal Protection market through 2014-2024, including highlights of the demand drivers and growth stimulators for Body Armor and Personal Protection. It also provides an insight on the spending pattern and modernization pattern in different regions around the world.

Key Findings

The global body armor and personal protection market is estimated to value US$3.8 billion in 2014 and increase at a CAGR of 3.18% during the forecast period, to reach its peak of US$5.3 billion by 2024. The market consists of five categories of body armor and personal protection: clothing, hard armor, soft armor, protective headgear, and boots.

Reasons To Buy

The Global Body Armor and Personal Protection Market 2014-2024 - Market Size and Drivers: Market Profile allows you to:

Gain insight into the Body Armor and Personal Protection market with current and forecast market values.

Understand the key drivers and attractiveness parameters of the global Body Armor and Personal Protection market.

Understand the various factors impacting the growth of the Body Armor and Personal Protection market.


1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Summary Methodology
1.4 About Strategic Defence Intelligence
2 Global Body Armor and Personal Protection Market Size and Drivers
2.1 Body Armor and Personal Protection Market Size and Forecast 2014–2024
2.1.1 Global body armor and personal protection market to show positive growth during the forecast period
2.2 Global Body Armor and Personal Protection Market – Regional Analysis
2.2.1 North America dominates the global body armor and personal protection market
2.2.2 Demand for protective clothing, soft armor and protective head gear in the US to support the global body armor and personal protection market
2.2.3 Body armor and personal protection market is expected to register robust growth in the Asia-Pacific region
2.2.4 Europe is expected to grow at a CAGR of 2.86% in the body armor and personal protection market
2.2.5 The body armor and personal protection market in the Middle East to increase at a CAGR of 7.66%
2.2.6 Brazil is expected to be the highest spender in the body armor and personal protection sector in the Latin American region
2.2.7 Markets in Africa expected to increase over the forecast period
2.3 Body Armor and Personal Protection Sub-Sector Market Size Composition
2.3.1 Clothing segment to account for 29% of body armor and personal protection market
2.3.2 Market size of protective headgear segment expected to rise at a CAGR of 3.66% during the forecast period
2.3.3 The soft armor segment is expected to grow at an anticipated CAGR of 3.43% during the forecast period
2.3.4 Hard armor expected to grow at a CAGR of 4.52% during the forecast period
2.3.5 Market for boots to grow at a CAGR of 6.38% over the forecast period
2.4 Demand Drivers and Growth Stimulators
2.4.1 Shortage of body armors driving the market
2.4.2 Technological innovations driving the body armor and personal protection market
2.4.3 Soldier modernization programs driving procurement of enhanced body armor
2.5 Defense Budget Spending Review
2.5.1 North American defense expenditure projected to increase marginally during the forecast period
2.5.2 Asian defense budgets expected to increase at a robust pace
2.5.3 European capital expenditure expected to increase during the forecast period
2.5.4 Defense budgets of Middle Eastern countries likely to increase during the forecast period
2.5.5 Modernization programs likely to drive defense expenditure in South American countries
2.5.6 Military budgets of African countries expected to increase during the forecast period
2.6 Defense Modernization Review
2.6.1 Spending on body armor and personal protection to continue despite economic recession and budget cuts in Europe
2.6.2 Defense budgets of Asian countries are likely to be driven by competitive arms acquisitions
2.6.3 North American body armor procurement plans not affected by sequestration
2.6.4 Need to replace aging equipment driving South American defense expenditure
2.6.5 Security threats increasing the defense budget of African countries
2.6.6 Demand for body armor is likely to increase in the Middle East
3 Appendix
3.1 Methodology
3.2 About SDI
3.3 Disclaimer
List of Tables
Table 1: Global Body Armor And Personal Protection Market Overview
Table 2: Global Body Armor And Personal Protection Market Overview

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