What is Body Armor Accessories Market Scope?
The global Body Armor Accessories market is expected to witness high demand in the forecasted period due to the increasing popularity of Body Armor Accessories among the young generation. Body armor is also called body armor, personal armor/armor, or a suit/coat of armor. it is protective clothing designed to absorb or deflect physical attacks. The global market is anticipated to be driven by the increasing demand for defense protection equipment due to the growth in asymmetric warfare in various countries, such as South Korea, Iraq, and India. This has further attributed to the increasing demand for lightweight body armor protection.
Influencing Trend:
High demand due to Technological advancements and The huge availability of lightweight armors globally
Market Growth Drivers:
The high demand due to technological proliferation is steadily transforming the armor industry and The increasing popularity of modular tactical vests and double-sided combat uniforms
Challenges:
The availability of counterfeit products
Restraints:
The concern related to the COVID 19 pandemic situation and supply chain shutdown
Opportunities:
The introduction of soft shields products and The growing usage of materials as well as fibers in nanotechnology
The Body Armor Accessories market study is being classified by Type (Plates & Inserts, Shields, Carrier, Helmets, Clothes, Bulletproof layer and Others), by Application and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Body Armor Accessories market throughout the predicted period.
Hoplite Armour (Greece), Eagle Industries (India), AR500 (United States), EnGarde (The Netherlands), Elite Survival Systems (United States), Tacprogear (United States), Survival Armor (United States), TYR Tactical (Canada) and BlackHawk (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Body Armor Accessories market by Type, Application and Region.
On the basis of geography, the market of Body Armor Accessories has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region hold largest market share in the year 2021. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Market Influencers and their Development Strategies
April 2020, planarTECH LLC signed a partnership agreement with IDEATI S.A. to distribute its bullet-proof vest and ballistic plate products for body armor to bring its technology to Thailand.
August 2019, Avon Protection, a global provider of life-critical solutions for militaries, acquired Ceradyne, a wholly-owned subsidiary of 3M.
Key Target Audience
Suppliers of raw materials, Distributors and suppliers of geocomposites, End-use industries, Industry associations and Others
Body Armor Accessories Market Study: Important Years
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Body Armor Accessories Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Body Armor Accessories industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.