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Body Armor Market Size is Forecast to Reach $3.1 Billion by 2026, at a CAGR of 6.7% During 2021-2026
HYDERABAD, TELANGANA, INDIA , September 23, 2022 /EINPresswire.com/ — IndustryARC, in its newest report, predicts that Body Armor Market Size is forecast to attain $3.1 billion by 2026, at a CAGR of 6.7% throughout 2021-2026. The U.S. National Institute of Justice has established minimal efficiency stands for comfortable physique armor corresponding to Level IIA a usually comfortable physique armor is designed to cease a .9mm FMJ (Full Metal Jacket) spherical at a velocity of 1165 ft per second ft/s and a .40 S&W FMJ at 1065 ft/s. Level IV ballistic plates are the very best rated exhausting armor plates below NIJ 101.06 requirements, it’s examined to defeat 7.62MM armor piercing bullets touring at a velocity of 2880 ft/s. Accessories product sort is witnessing quick development price with a CAGR of seven.4% in the course of the forecast interval 2021 – 2026 owing to the rise of riots and crime. The adoption of defend, helmet, and different protecting gears by police, safety guard and protection personnel has been elevated. Thus, physique armor equipment is anticipated to have excessive demand out there.
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https://www.industryarc.com/Research/Body-Armor-Market-Research-504105
Key Takeaways:
This IndustryARC report on the Body Armor Market highlights the next areas –
1. Non-NATO Allies area is anticipated to witness probably the most important market development in the course of the forecast interval 2021-2026 with a CAGR of 8.2%.
2. The market development on this area is especially due to rising armed conflicts. For occasion, In APAC, high-intensity border and subnational armed conflicts between India and Pakistan corresponding to suicidal assault in Kashmir in 2019 has introduced a serious development in security issues of armed personnel.
3. Persistent tensions between Russia and enormous components of remainder of Europe, long-standing conflicts post-Soviet house between Western Balkans and Cyprus will drive the market development. These armed conflicts have a tendency to drive the adoption of assorted physique armors, additional pacing its market development.
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Segmental Analysis:
1. Soft Armor product sort maintain the very best market share accounting for $990.2 million in 2020 and $1388.92 M in 2026 with a CAGR of 6.3%.
2. Civilian sector is anticipated to witness a highest CAGR of seven.7% the forecast interval. Majority of law-enforcement physique armor and helmets are designed to defeat handgun threats and likewise offers further safety throughout automotive accidents and different assaults in law enforcement officials.
3. Body Armor market in Asia-Pacific area held important market share of 34.5% in 2020. According to SIPRI (Stockholm International Peace Research Institute) statistics, seven international locations in APAC skilled energetic armed conflicts in 2019.
Competitive Landscape:
The high 5 gamers within the Body Armor trade are –
1. Safariland
2. DuPont
3. Point Blank Solutions, Inc.
4. KDH Defense Systems/Armor Express
5. Avon Rubber
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