Body Armor Market Estimated to Exhibit 5.2% CAGR through 2029 | Future Market Insights

1. Body Armor Market is Expected to Reach Approximately US$ 3,231 Mn by 2029-End | FMI Reports March 2020 Report Id : REP-GB-11146 Published On : 18-March-2020 Category : Retail and Consumer Products www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved

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4. Body Armor Market Analysis The body armor market is projected to grow at a steady CAGR of 5.2% during the forecast period (2029-2029). A significant escalation on the borderline - ensuring soldier survivability and cross border terrorist insurgencies - is the predominant factor driving the sales of body armor products in the market. Technological innovations and modernization initiatives will continue to propel demand from security agencies and military forces, reveals Future Market Insights (FMI), in its new study. Body Armor Market - Key Takeaways • East Asia will emerge as a lucrative market, owing to the increasing focus on the defense and safety of soldiers. • North America is expected to reign regional supremacy backed by a major presence of manufacturers. Further bolstering the sales in North America is the usage of body by police force, in addition to the defense and security sector. • Level II segment body armors will witness a surge in sales owing to demand in the law enforcement application segment. • Body armors made of composite ceramics will remarkably contribute to overall sales www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved

5. Body Armor Market Analysis Body Armor Market - Key Driving Factors • Technological advancements and growing security concerns for defense personnel are driving manufacturers to develop distinct body armors as per the needs of end uses. • Increasing military spending in emerging economies such as China, India and other East Asian countries is creating substantial growth opportunities for body armor manufacturers. Body Armor Market - Key Constraint The shortage of body armors and personal protection equipment continues to hinder the growth of the market. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved

6. Body Armor Market Analysis Competition Landscape Some of the leading players in the body armor market are BAE Systems; Aegis Engineering Ltd., AR500 Armor, Craig International Ballistics Pty Ltd., Ceradyne, Inc., Hellweg International, Point Blank Enterprises Inc., Kejo Limited Company, Ballistic Body Armor Pty, Pacific Safety Products, and Safariland, LLC, among others. The players are focusing on expanding their product portfolio with product innovation. Furthermore, mergers and acquisitions continue shaping the competitive landscape. Source Link: https://www.accesswire.com/582247/Body-Armors-Set-for-a-Strong-Hike-in- Sales-Through-2029-Eat-Asia-Emerging-as-a-Key-Market-Forecasts-a-New-FMI-Study www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved

7. Body Armor Market Analysis More About the Report FMI's 300-page study divulges compelling insights on the body armor market based on product type (hard, soft, accessories), material type (steel, UHMWPE, aramid, composite, ceramic, others), application (defense & security personnel, law enforcement officers, and civilians), level (level i, level ii a, level iii a, level iii, level iv), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa). Explore Extensive Coverage of FMI's Retail & Consumer Products Landscape • Baby Cribs Market • Beard Oil Market • Baby Bottle Market www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved

8. Body Armor Market Analysis About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Contact Us: Mr. Abhishek Budholiya Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates MARKET ACCESS DMCC Initiative For Sales Enquiries: sales@futuremarketinsights.com For Media Enquiries: press@futuremarketinsights.com Future Market Insights Click here to Order a free sample For more insights on the Body Armor Market, you can request a report sample with full TOC www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved

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