Uploaded on Mar 20, 2020
The global body armor market size is expected to reach ~US$ 3,231 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~5.2% between 2019 and 2029. According to the report, rapid escalation on boarder line, ensuring soldier survivability, and cross-border terrorist insurgencies are the major factors that drive the requirement of body armor products in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
Body Armor Market Value to Reach US$ 3,231 Mn by 2029
Body Armor Market March 2020 Report Id : REP-AS-11146 Published On : March-2020 Category : Retail and Consumer Products www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights www.futuremarketinsig©h t2s0.c1o9m F uI t u r e @Mfaurtkuerte Imnsaigrkhettis,n Asl lI R i g h t s/ cRoemsepravneyd/future-market-insights © 2019 Future Market Insights, All Rights Reserved About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solution for our client. Research Capabilities Sector Coverage Customized Research Automotive and Transportation Chemicals & Materials Syndicated Research Electronics, Semiconductor, and ICT Food and Beverages Investment Research Retail and Consumer Products Services and Utilities Social Media Research Industrial Automation and Equipment Energy, Mining, Oil, and Gas Customize d Research Subscription Information Syndicated Research For detailed subscription information please contact Investment Hari. T (Sr. Manager - Global Business Development) Research T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Social Email: [email protected] Media Research www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to Research & ascertain overall market size, top Data Data Filter Actionable Business Market profiling industry players, top products, industry Collection & Analysis Intelligence Insights Solution associations, etc. 2 FMI formulates a detailed discussion guide to conduct expert and industry Identifying key opinion leaders Formulating discussion guide interviews Questionnaire design In-depth interviews 3 Coverage across value chainFMI develops a list of industry players A (manufacturers), distributors, retailers Primary Developing list of respondents and industry experts Research Key industry experts Channel study B Developments 4 FMI conducts interviews with industry SOLUTION experts, industry players, distributors Desk Market dynamics Data collection and retailers Research Products Market participants C Conclusions Data is validated by triangulation Key strengths Company 5 method, wherein secondary, primary Product portfolio Analysis Data validation and FMI analysis contribute to the final data Mapping as per value chain Key focus segments Data is scrutinized using MS-Excel to 6 obtain qualitative and quantitative Data analysis insights about the industry Primary Research # Secondary Research # Paid Publications# 7 FMI delivers industry insights and Linkedin Company websites Factiva information in the required format Zoominfo Company annual GBI Insights (PDF) Salesforce reports Genios Avention White papers Meltwater Financial reports # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved Body Armor Market Analysis 2019 Analysis and Review of Body Armor Market by Application - Defence & Security Personnel, Law Enforcement Officers, and Civilians for 2019 2029 • The global body armor market size is expected to reach ~US$ 3,231 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~5.2% between 2019 and 2029. • According to the report, rapid escalation on boarder line, ensuring soldier survivability, and cross- border terrorist insurgencies are the major factors that drive the requirement of body armor products in the market. • The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved Body Armor Market Analysis It includes in-depth insights into the body armor market. Some of these are: • The estimated value of the market was at ~US$ 1,946 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth. • Regionally, North America dominates the body armor market globally. • East Asia emerges as one of key markets owing to increasing focus on defense and ensuring safety of soldiers in the country. • The level II segment body armors are expected to expand at highest CAGR owing to surge in demand in the law enforcement application segment. • The composite ceramics segment dominated the market in 2019 in terms of revenue. • Key players are likely to focus on new product innovation such as developing lightweight and hi-tech bodysuits for delivering enhanced performance, comfort, and flexibility. Press Release Source: https://www.futuremarketinsights.com/press-release/body-armor-market www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved Body Armor Market Analysis Soft Body Armor to Uplift the Market Scale • Soft body armor are the most preferred body armor among private security guards and policemen where flexibility and comfortable movement are of paramount importance. • Advancement in technology, and growing security concern of guards, & policemen have pushed the market for lightweight body armor which is found as soft body armor. • Technological innovations and modernization initiatives prompt security agencies and military forces to opt for the latest equipment. Moreover, flexibility and lightweight feature of soft body armor pushes the market further for higher usage. Composite Ceramics Segment to Dominate the Market • The composite ceramic material of body armor are considered to hold the major market share in 2019 owing to its high usage in body armor. • The composite ceramic material perform well in resistance of ballistic attack. Moreover, it is lightweight which gives the user of flexible movement and thus known for high performance material type. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved Body Armor Market Analysis About Retail & Consumer Products division of FMI • Expert analysis, in-depth insights, and strategic recommendations - the Retail & Consumer Products team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. • With a repertoire of over 500+ reports, the team has analyzed the consumer goods industry lucidly in 80+ countries for over a decade. • We provide end-to-end research database on retail & consumer products market and consulting services; reach out to explore how we can help. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved Body Armor Market Analysis About Us Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved TTo kknow moorree aabbooutt uuss,, pplleeaassee vviissiitt oouurr weebbssiittee:: www..ffutturremarrketitinssiighttss..ccom FForr ssaalleess queerriieess orr neew ttopiiccss eemaaiill uss on:: [email protected] Forr mediia querriiess,, cconttacctt tthe prressss offifficce att [email protected] FForr ottheerr queerriieess cconttaacctt:: Harrii.. T ((SSrr.. Maanaaggeerr -- Gllobaall Bussiineessss Deevveellopmeentt)) Futturre Marrkett IInssiighttss:: 33rrd FFlloorr,, 220077 Reeggeentt SSttrreeeett,, LLondon W11B 33HH TT:: ++4444 2200 77669922 88779900 || D:: ++4444 2200 33228877 44226688 EEmaaiill:: [email protected] Thank You Future Market Insights Global & Consulting Private Limited (FMI) www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 9 © 2019 Future Market Insights, All Rights Reserved
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