Market Overview:
Military Body Armor Market Revenue Size is estimated to reach USD 2.23 Billion by 2030, registering a CAGR of 5.4% during 2020-2030.
Body armour is protective apparel made to withstand piercing, slashing, and bludgeoning blows from weapons. Soldiers must manoeuvre through highly dangerous areas while being subjected to high-calibre fire and explosives. Because of this, it's crucial that they wear the best ballistic resistant vests to protect them. When travelling to high-risk areas, they are often supplied body armour that has been approved by the government.
Protection level, protection type, material, and geography have all been included in the segmentation of the military body armour market revenue. The market has been further divided into steel, composite ceramics, aramid, ultra-high-molecular-weight polyethylene (UHMWPE), and other categories based on the kind of material. Most hard armour plates combine aramid backing, like Kevlar, with composite ceramic materials.
Key Players:
The key players in the Military Body Armor Market Revenue are 3M (US), BAE Systems (UK), Coorstek Inc. (US), Du Pont (US), Elmon (Greece), Honeywell (US), MKU Limited (India), Point Blank Enterprises, Inc. (US), Safariland, LLC (US), and Survitec Group Limited (UK).
Market Segmentation:
The scope of the study segments the Military Body Armor Market Revenue by its protection level, protection type, material, and region.
By Protection Level
Type 1, Type 2-A, Type 2, Type 3-A, Type 3, Type 4
By Protection Type
Ballistic Protection, Spike Protection, Edged Blade Protection
By Material
Steel, Composite Ceramics, Aramid, Ultra-High-Molecular-Weight Polyethylene (UHMWPE)
By Region
North America, Europe, Asia-Pacific, Middle East and Africa, Latin America
Regional Analysis:
In this analysis, three market categories are followed across five geographical areas to provide an overview of the global Military Body Armor Market Revenue. With a five-year yearly trend analysis that covers market size, volume, and share for North America, Europe, Asia-Pacific (APAC), the Middle East and Africa, and Latin America, the study analyses key players and examines the major regions. The research also includes a prediction, concentrating on the market prospects for each region over the following five years.
North America, Europe, Asia-Pacific, the Middle East Africa, and Latin America comprise the regional segments of the global Military Body Armor Market Revenue. Due to the significant financial investments made in military body armour by the US and Canada, North America held the greatest market share in 2017. Major players like 3M, Coorstek Inc., Du Pont, and Honeywell are also present in the US. The increasing demand for body armour in nations like the UK, France, Russia, and Germany is significantly fueling the market's expansion, making Europe one of the top regions in the world.
Full report @ https://www.marketresearchfuture.com/reports/military-body-armor-market-6435
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