Hard Body Armor Market is Forecasted to Reach US$ 2,271.2 Million in 2031, Says Stratview Research

The global hard body armor market is projected to witness a growth rate of 3.2% annually from 2024 to 2031, with an anticipated size of US$ 2,271.2 million by 2031, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global hard body armor market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights

Segment Insights on the Hard Body Armor Market:

The global Hard Body Armor market is segmented based on product type, material type, level of protection type, end-user type, mode of operation type, and region.

Based on product type - The hard body armor market is segmented into ballistic-resistant armor and ICW armor. ICW (In-Conjunction-With) armor is expected to stay dominant in the hard body armor market because it strikes the perfect balance between protection, comfort, and cost. By combining soft body armor with hard plates, it provides customizable protection against a range of threats, from handgun bullets to rifle rounds. This flexibility makes it ideal for military, law enforcement, and security personnel. ICW armor is also more affordable compared to standalone hard body armor, making it a practical choice. Plus, it’s adaptable to changing threats, as the hard plates can be upgraded or swapped out. With its combination of protection, comfort, and versatility, ICW armor is likely to remain a top choice in the market.

Based on the material type - The hard body armor market is segmented into UHMWPE, aramid, ceramic, and other materials. Ceramic is expected to be the top choice in the hard body armor market over the coming years because it offers a great balance of protection, weight, and durability. Materials like boron carbide and silicon carbide are incredibly effective at stopping high-powered rifle rounds and armor-piercing bullets. What’s great about ceramics is that they’re strong yet lighter than traditional materials like steel, which makes armor more comfortable to wear without sacrificing protection.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

Based on region type, the hard body armor market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to lead the body armor market for several important reasons. First, there’s an ongoing need for stronger protection due to rising concerns about terrorism, mass shootings, and an increase in violent crime. These security threats have pushed governments, law enforcement agencies, and military forces to prioritize personal safety and invest in better protective gear.

In addition, the region's military and law enforcement agencies consistently upgrade their equipment, which drives demand for advanced body armor that can protect against a wider range of threats, from gunfire to sharp objects. The North American market also benefits from significant technological advancements, with new materials and design innovations making body armor more effective and lighter, which further boosts its appeal.

Moreover, North America has a well-established manufacturing base and strong supply chains that allow for the quick development and production of these technologies.

Hard Body Armor Market Drivers:

Some of the key drivers listed in the report are given below.

• Rising geopolitical tensions are fueling defense spending and demand for advanced body armor solutions.
• Increasing soldier modernization programs across nations are driving the adoption of lightweight, high-protection hard armors.
• Growing law enforcement requirements for enhanced protection gear are boosting the market for hard body armor.
• Advances in material science are enabling the development of stronger, lighter, and more comfortable armor plates.
• Rising civil unrest and security threats worldwide are prompting investments in personal protection equipment.

Top Companies in the Hard Body Armor Market:

The global market for Hard Body Armor is highly concentrated, with the top four companies capturing a lion’s share. Apart from technological expertise and financial capabilities, the growth of companies is directly dependent on government support and overall industry conditions. Stratview Research has identified the following companies as the top market players:

-          Cadre Holdings

-          Point Blank Enterprises

-          Craig International Ballistics Pty. Ltd

-          Xtek

-          US Armor Corporation

-          Mars Armor

-          TYR Tactical

-          Beijing Tongyizhong New Material Technology Corporation

Note: The above list does not necessarily include all the top players in the market.

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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