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The global body armor market size is expected to reach USD 4.55 billion by 2032, according to a new study by Polaris Market Research.
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Body Armor Market Expected to reach USD 4.55 Billion By 2032 | CAGR: 6.3% Body Armor Market Share, Size, Trends, Industry Analysis Report, By Level; By Material Type; By Product Type; By Product Style, By Application (Defense & Security Personnel, Law Enforcement Officers, Civilians); By Region; Segment Forecast, 2024 - 2032
❑ Body Armor Market Estimate & Forecast According to the research report, the global body armor market was valued at USD 2.63 billion in 2023 and is expected to reach USD 4.55 billion by 2032, to grow at a CAGR of 6.3% during the forecast period. The market is experiencing momentum, fueled by technological advancements such as dragon skin products and liquid body armor. The demand for modular tactical vests and double-sided combat uniforms is also rising due to their advantages, such as better protection and increased chances of soldier survival. Leading manufacturers of personnel protection suits are investing heavily in research and development to develop cutting-edge fibers, fabrics, and nanotechnology materials for stronger and more reliable body armor. Modular tactical vests are preferred over traditional outer tactical vests (OTV) as they provide greater freedom of movement. 2 Copyright © Polaris Market Research & Consulting LLP 2022. All Rights Reserved
❑ Body Armor Market 3 Copyright © Polaris Market Research & Consulting LLP 2022. All Rights Reserved
❑ Body Armor Market Competitive Landscape The study then includes the competitive insights of market across various regions wherein our research analysts explores in-depth profiles of main players along with new product launches, recent technologies influencing the target market. The competitive study section also contains production, major development strategies, revenue, and growth rate for the leading players. This assessment will aid market players to stay ahead of competitive landscape and boost productivity. Majorplayers operatingin the marketare: • DuPont Deenside LTD. • Blank Enterprises Inc. • Sarkar Defense Solutions • MKU Pvt. Ltd. • Safariland LLC • Uvex Group • Avon Protections Systems Inc. • Ceradyne (3M). Browse Complete Report 4 Copyright © Polaris Market Research & Consulting LLP 2022. All Rights Reserved
❑ About Us Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for a clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors, and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments, and the latest business- centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and highly comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. qualified team of experts Web: www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com 5 Copyright © Polaris Market Research & Consulting LLP 2022. All Rights Reserved
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