Sep 12, 2018   SOURCE: BusinessWire

Global Body Armor Market by Purpose, Type and Geography - Growth, Trends and Forecast (2018-2023) - ResearchAndMarkets.com


The body armor market is expected to reach a CAGR close to 3.5% during 2018-2023.
The global body armor protection market is currently characterized by rapidly growing demand and not enough supply. The market requirements in terms of body armor are more sophisticated and modern armor capable of helping to protect the wearer from multiple hazards such as knives, spikes, bullets, fragments and blunt impacts.

The recent rise in violence and terrorist activities have made even civilians more alert to the dangers in the everyday world. As violence rises, more and more states will eventually make it legal for civilians to own bulletproof armor, which will greatly increase the market for such products. Nations are spending billions of dollars for building their military troops.

Notable Market Developments

  • A Polish company by the name of Moratex has developed a new type of bulletproof vest that uses Shear-Thickening Fluid (STF) (liquid body armor).
  • Bulletproof armor in fashion. Designed by Miguel Caballero in Colombia, these clothes look like normal street clothes. Not bulky, not ugly, and not fazed by a 9mm bullet.
  • New material discovered by the City University of New York (CUNY). The material consists of two sheets of Graphene and is called Diamene.
  • Bulletproof back-packs for school safety became popular in the US.
Companies Profiled
  • Elmon
  • Wenzhou Start Co. Ltd.
  • Realdream Electronics
  • DuPont
  • Honeywell
  • U.S. Armor
  • DHB Industries
  • McGuckian
  • Point Blank
  • Armorco
  • Infidel Body Armor
  • BulletBlocker

Key Topics Covered

1. Introduction

2. Research Methodology

3. Market Insights

4. Market Dynamics

5. Body Armor Market, Segmented by Purpose

6. Body Armor Market, Segmented by Type

7. Body Armor Market, Segmented by Geography

8. Competitive Landscape

9. Company Profiles

10. Future Market Outlook

For more information about this report visit https://www.researchandmarkets.com/research/nj63ph/global_body_armor?w=4