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Body Armor Market size surpassed USD 2 billion in 2020 and is anticipated to grow at over 4% CAGR from 2021 to 2027. The industry shipments will cross 2 million units by 2027. Rising number of terrorist attacks in public places is expected to augment the industry growth. Furthermore, rising geopolitical conflicts will also propel the market.
The ability of a body armor to reduce the impact and prevent the penetration of bullets & shrapnel into the human body will increase the product demand. Growing demand for concealable armors from law enforcement officers will fuel the industry statistics. Currently, firearms are one of the most hazardous threats that law enforcement officers face in the U.S. and Canada. In January 2021, rioters attacked the U.S. Capitol in which around 150 law enforcement officers were injured. Ballistic-resistant body armors can protect the wearer against several types of handgun and rifle ammunition. The rising number of assaults on law enforcement officers will influence the demand for body armors.
Increasing government investments to boost the defense sector and adopt advanced technologies for military personnel will drive the market representation. In June 2021, the European Union Commission made several policy decisions supporting innovation, bullet-proof capacity, and competitiveness of the EU defense industry. Through these policies, the government will focus on providing high-quality body armors to defense personnel to ensure their safety during critical times, spurring the market revenue of bullet-proof vests and body armors.
One of the major factors challenging the body armor industry growth is chronic back pain and injuries caused by body armors. The heavyweight and non-ergonomic design of some tactical & ballistic body armors have resulted in chronic musculoskeletal pain among soldiers and law enforcement officers. Currently, companies are developing lightweight body armors with advanced materials, such as Kevlar and woven synthetics, to mitigate the problem of back pain and enhance mobility during military operations.
The COVID-19 pandemic has marginally affected the market in 2020. The impact on the industry can be attributed to the temporary shutdown of various manufacturing firms and a slight decrease in demand for body armors from the law enforcement sector. The pandemic has caused a shortage of resources, such as raw materials and limited manpower, affecting the production of bulletproof vests. The demand for ballistic helmets, masks, and bulletproof shields increased in North America during the second half of 2020.
Report Attribute | Details |
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Base Year: | 2020 |
Body Armor Market Size in 2020: | 2 billion (USD) |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 4% |
2027 Value Projection: | 2.5 Billion (USD) |
Historical Data for: | 2017 to 2020 |
No. of Pages: | 250 |
Tables, Charts & Figures: | 422 |
Segments covered: | Product, Body Type, End-Use |
Growth Drivers: |
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Pitfalls & Challenges: |
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