SAN FRANCISCO, July 18, 2016 /PRNewswire/ --
The global body armor market size is expected to reach USD 5,661.0 million by 2024 according to a new study by Grand View Research, Inc. The evolution of modern day warfare has largely become asymmetric in nature and includes counter-terrorism, counter-insurgency, and guerrilla warfare operations. Similar scenarios exist in the law enforcement sectors wherein felons, criminals, and law offenders are capable of fatally injuring responding officers, thus necessitating the demand for body armor equipment.
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The rise in military warfare is propelling the need for ballistic protection equipment in order to safeguard the armed forces. Emerging economies, such as India, South Korea, and China, are persistently focusing on the replacement of legacy military equipment and are subsequently increasing their spending in the defense sector. Modernization activities are creating several opportunities for the vendors of body armor, which, in turn, are trying to obtain a competitive edge by collaborating with the military agencies through a contractual process.
The defense agencies in developed countries, such as the U.S., Canada, and France, are laying high emphasis on enhancing personal protection for armed forces & ground troops and are, thus, focusing on upgrading the conventional protective headgears and body armor capabilities.
Technological advances are the key instruments in accelerating the market growth as innovative techniques, such as liquid body armor and dragon skin, are gaining momentum. In addition to this, the demand for modular tactical vests and double-sided combat uniforms is on a rise due to its features offering enhanced protection and ensuring soldier survivability.
Prominent manufacturers of personal protection suits are increasingly investing on R&D activities for the development of advanced fibers, fabrics, and nanotechnology materials to improve the effectiveness of the body armor. The use of modular tactical vests is gaining momentum and is rapidly replacing the conventional Outer Tactical Vest (OTV), which limits the soldier's efficiency of carrying additional assault load such as magazine (firearms) and grenades.
Browse full research report with TOC on "Body Armor Market Analysis By Type (Type 1, Type 2A, Type 2, Type 3A, Type 3, and Type 4), By Application (Defense, Law Enforcement Protection, and Civilians), By Materials (Steel, UHMWPE, Aramid, Composite Ceramic, and Others) and Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/body-armor-market
Further key findings from the study suggest:
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Grand View Research has segmented the global body armor market on the basis of type, application, material, and geography:
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About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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