Body Armor Market Size, Share & Trends Report

Body Armor Market Size, Share & Trends Analysis Report By Protection Level (Level II, Level IIA, Level III, Level IIIA, Level IV), By End-user, By Type (Vest, Helmet), By Style (Covert, Overt), By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: 978-1-68038-938-8
  • Number of Pages: 137
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the body armor market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for body armor market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of body armor market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Body Armor Market Categorization:

The body armor market was categorized into five segments, namely protection level (Level II, Level IIA, Level III, Level IIIA, Level IV), end-user (Defence, Law Enforcement & Security Personnel, Civilians), type (Vest, Helmets), style (Covert, Overt), and region (North America, Europe, Asia Pacific, South America, and Middle East & Africa).

Segment Market Methodology:

The body armor market was segmented into protection level, end-user, type, style, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The body armor market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fifteen countries, namely, the U.S.; Canada; Mexico; the UK; Germany; France; Italy; China; India; Japan; Australia; Brazil; Argentina, Saudi Arabia; UAE.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Body armor market companies & financials:

The body armor market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Aegis Engineering Ltd. currently operates through a modern, multi-purpose 22,000 square ft. facility in Warrington, U.K. It offers a variety of protection products, such as body armor, ballistic plates, ballistic helmets, and ballistic shields. It tests these products using an in-house stab testing apparatus and ballistic test range, both approved for the UK Home Office testing. The company is also capable of testing its products per NIJ, German, Swiss, and other international standards. The company produces NIJ Level III++ lightweight ceramic plates that are manufactured with alumina ceramic with a Dyneema HPPE backing and covered in nylon fabric.

  • Armored Republic, LLC manufactures a line of body armor and ballistic armor solutions. The company is headquartered and has a manufacturing facility in Phoenix, Arizona. Its products are intended for civilians, law enforcement personnel, and military personnel. The company is a supplier of ballistic steel core body armor and has in-house manufacturing processes. Its products are marketed through authorized dealers and its website throughout the U.S. The company provides body armor for families such as the AR500 Armor, AR Freeman Plate Carrier, and armored backpacks. The company also offers body armor based on the National Institute of Justice (NIJ) 0101.06 Ballistic Resistance of Body Armor standards.      

  • BAE Systems is a defense, aerospace, and security company headquartered in the U.K. The company was established in 1999. It reports through various segments, including Cyber & Intelligence, Platforms & Services (U.S.), Electronic Systems, Platforms & Services (U.K.), Platforms & Services (International), Air, Maritime, and HQ. Since its establishment, the company has produced more than 1.2 million hard body armor insert units for the U.S. government and manufactured over 100,000 hard armor plates for the U.S. military.

  • Ballistic Body Armour Pty was established in 1986 in South Africa. The company has traditionally manufactured body armor but recently expanded its portfolio to include blast protection, Explosive Ordnance Disposal (EOD), and Improvised Explosive Devices (IED) through its subsidiary Holdfast Systems Pty Limited. It has an in-house test laboratory, including v50 testing, according to STANAG 2920 (A North Atlantic Treaty Organization (NATO) Standard). The company has R&D facilities to custom-design protection solutions compliant with internationally recognized body armor protection standards, including NIJ and SABS.      

  • Ceradyne Inc. develops, manufactures, and markets technical ceramic products, components, and powders. As of 2012, the company operates as a fully-owned subsidiary of 3M. It provides products for automotive, oil & gas, industrial, solar, defense, and electronics applications. The company’s product portfolio consists of advanced ceramics, defense protection systems, cathodes & electron guns, evaporation boats, stable isotopes, fused silica, friction shims, thrust bearings, and specialty glass. Its major business partners include the Federal Government and prime U.S. government contractors. It also caters to domestic and international companies operating in the defense, diesel, and automotive industries. Ceramic armors are manufactured and marketed under the industrial business segment of 3M. The company develops ceramic body armor and provides a diverse line of high-performance ceramic products for various markets.

  • Craig International Ballistics Pty Ltd. was founded in 1999 and is headquartered in Queensland, Australia. The company supplies body armor to the Australian police forces and defense forces. It also offers other products such as aircraft armor, armored vehicles, security glass, and marine armor. Craig International Ballistics Pty Ltd. has supplied over 350,000 hard ballistic plates and soft armor inserts to both local police and defense forces. The company also specializes in manufacturing armored cash-in-transit vehicles and is a distributor of ballistic-resistant glass. The company also provides its diverse product line to the Australian Army with force protection.    

  • Hellweg International designs and manufactures specialized military, security, and law enforcement apparel and equipment. Hellweg International’s apparel solutions include soft body armor, hard body armor, load-bearing vests, sniper suits, bomb suits, chemical/biological suits, anti-stab vests, and coveralls. Equipment solutions include specialist equipment carrying products, torpedo covers, belts, batons, holsters, magazine & handcuff pouches and other accouterments, and ballistic panels for personnel as well as for building, vehicle, and marine applications.

  • Kejo Limited Company manufactures body armor ballistic protection equipment, customized mechanical tool kits, shock strollers, trace detection kits, shock batons, stun belts, and riot equipment. In addition, it provides various military products, including armor up to level IV (NIJ), explosive ordnance disposal bomb disposal suits, demining equipment, bomb and ballistic blankets, helmets, and shields. The company also offers bomb and metal detection equipment, X-ray machines, and EOD tools as well as customized bomb and ballistic-resistant products for vehicle protection and helicopter floor ballistic protection, among others. The company’s clients include the U.S. Army, Navy, Marines, and the U.S. Air Force.

  • Pacific Safety Products designs and manufactures soft body armor solutions for the security and defense markets in North America. The company markets its products to major law enforcement organizations across Canada, including Federal Government Agencies, and the Canadian Department of National Defence. The company product portfolio includes NIJ.06 Armour, Tactical Armour, Active Shooter Kit, Military blast protection blankets, Tactical Clothing, Protective Blankets, and accessories. The company provides body armor products to U.S. law enforcement and private security firms and the U.S. Department of Defense via its subsidiary GH Armor Systems, Inc.

  • Point Blank Enterprises, Inc. is a company that manufactures and markets protective products, such as bullet-resistant and stab-resistant apparel, and related ballistic accessories for the U.S. military and the U.S. Department of Defense (DoD), law enforcement, federal agencies, and correction professionals through its brands including Point Blank Body Armor, PARACLETE, and PACA, among others. The company also offers IRIS covert mobile surveillance systems, IRIS in-car video, and other wireless products for law enforcement agencies and schools, public safety bodies, and transport companies. In addition, Point Blank Enterprises, Inc. is developing survivability solutions for military personnel, ground vehicles, shipboard systems, and aviation platforms through its brand The Protective Group (TPG).

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Body Armor Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2021, historic information from 2017 to 2020, and forecast from 2022 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Body Armor Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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