Sep 7, 2021   SOURCE: BusinessWire

Global Body Armor and Personal Protection Market to 2031 - Soldier Modernization and Combat Capability Enhancement Initiatives is Driving Growth - ResearchAndMarkets.com

The "Global Body Armor and Personal Protection Market to 2031 - Market Size and Drivers, Major Programs, Competitive Landscape and Strategic Insights" report has been added to ResearchAndMarkets.com's offering.

Global Body Armor and Personal Protection Market to 2031 report provides the market size forecast and the estimated Compound Annual Growth Rate (CAGR) for the next ten years. The report covers industry analysis including the key market drivers, trends, emerging technologies, and major challenges faced by industry participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for body armor and personal protection market over the forecast period.

The demand for body armor and personal protection equipment is anticipated to be driven during the forecast period by the soldier modernization and combat capability enhancement initiatives undertaken by the key defence spending countries such as the United States, Russia, United Kingdom, Germany, and France. Apart from these, the rise in civilian unrest and political protests worldwide is also expected to propel the demand for the body armor and personal protection equipment. Over the last few years, there has been a significant increase in civilian unrest and political protests globally. The economic slowdown and uncertainty due to the COVID-19 pandemic has been a major factor for the increasing number of protests worldwide. In 2020, almost 15,000 riots and violent protests were witnessed across the globe.

The hard armor segment is expected to be the largest segment and accounts for 33% of the global body armor and personal protection market over the forecast period. The segment growth is expected to be driven by several high-value procurement programs worldwide, including the US Army's Enhanced Small Arms Protective Inserts & X-Small Arms Protective Inserts and Low Intensity Threat Environment (LITE) Body Armor Inserts programs, India's Sarvatra Kavach, Germany's Protective Vest Inserts, and France's Inter-Army Ballistic Modular Vest program, among others. The majority of the hard armor procurement programs are part of the respective country's soldier modernization and combat capability enhancement initiatives. According to Chandan Kumar Nayak, Defense Analyst at the publisher: "Apart from conventional warfare application by the armed forces, the law enforcement agencies across the world are also acquiring advanced body armor and personal protection equipment to counter internal security threats, such as terrorism, insurgency, and various other organized crimes. This factors will fuel the growth of body armor and personal protection market over the next decade."

Reasons to Buy

  • Determine prospective investment areas based on a detailed trend analysis of the global body armor and personal protection over the next ten years
  • Gain in-depth understanding about the underlying factors driving demand for different body armor and personal protection segments in the top spending countries across the world and identify the opportunities offered
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
  • Identify the major factors that are driving the global body armor and personal protection market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global body armor and personal protection market
  • Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top body armor and personal protection solution providers around the world. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available

Key Topics Covered:

  • Executive Summary
  • Global Body Armor and Personal Protection Market - Overview
  • Market Dynamics
  • Demand Drivers: Soldier modernization programs and rising number of civilian unrest and political protests are anticipated to drive market growth
  • Trends: Increasing demand for lightweight & modular personal protection systems and adoption of improvised protective equipment for female soldiers
  • Technological Developments: Adoption of emerging technologies such as UHMWPE, Carbon Nanotube, Liquid Armor and Graphene in futuristic systems
  • Key Challenges: Weight reduction of body armor and proliferation of advanced armor-piercing ammunition are expected to be the key challenges for manufacturers.
  • Global Body Armor and Personal Protection Market - Segment Analysis
  • Segment Analysis: Hard Armor
  • Segment Analysis: Protective Clothing
  • Segment Analysis: Boots
  • Segment Analysis: Soft Armor
  • Segment Analysis: Protective Headgear
  • Global Body Armor and Personal Protection Market Regional Analysis
  • Global Body Armor and Personal Protection Market Regional Overview
  • Regional Analysis: Asia Pacific
  • Regional Analysis: North America
  • Regional Analysis: Europe
  • Regional Analysis: Middle East
  • Regional Analysis: Latin America
  • Regional Analysis: Africa
  • Global Body Armor and Personal Protection Market Trend Analysis
  • Leading Segments in Key Countries
  • Country Analysis 10 leading countries
  • Market Size and CAGR Growth Analysis, 2021 2031
  • Change in Market Share, 2021 2031
  • Segmental Analysis, 2021 2031
  • Key Programs Analysis
  • Description of Key Programs
  • Competitive Landscape Analysis
  • Competitive Analysis 10 Leading Companies
  • Major Products and Services
  • Financial Analysis covering Revenue, Operating Profit and Net Profit
  • Financial Deal and Contracts

For more information about this report visit https://www.researchandmarkets.com/r/5kbcjm