The study is given to the analysis of the latest growth trends and prospects for the Body Armor market.
The section “Body Armor Market” includes an examination of the situation in major sections of the Body Armor market. The markets in European Union countries are examined in more detail, giving a timeline of financial results reported by major 3PL providers in 2017.
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Body armors have been an important part of the defense system and its utility cannot be overlooked considering that it often acts as a life savior. The development of body armors have a come a long way in the manner, when earlier it just acted as a shield against not lethal weapons. Today, body armor not only provide protection from lethal weapons but also are technologically advanced and lightweight. The life savior tag associated with body armors makes them highly popular across the defense and law enforcement sectors.
The overall body armor market is primarily driven by the ongoing soldier modernization programs implemented across various countries. Soldier safety is one of the top most priorities for the defense agencies of any country. In this regard, these agencies are in no manner willing to compromise on the safety of their soldiers. This has emerged as a major factor contributing to the body armor market growth. Moreover, even the law enforcement bodies are in the constant need to upgrade the safety of their police forces, as a result of increasing instances of riots and violence across various countries. In addition, the growing threat of terrorism too has led to increased adoption of body armors.
North America, on account of its various survivability-based soldier modernization programs, is the most important market for body armors. Moreover, the huge size of the U.S. army also impacts the body armor market growth in the region positively. Europe is the second largest market for body armors. The presence of a large number of military advanced countries in the region has contributed to this cause. Moreover, the immigration issue being faced across many countries in Europe is also acting as a driver for the body armor market.
The overall body armor market is categorized on the basis of product type, material type and application. Based on the product types, the market is classified into Type I, Type II-A, Type II, Type III-A, Type III and Type IV. The market is categorized, based on material type, into UHMWPE (Ultra High Molecular Weight Polyethylene), steel, composite ceramic, aramid and others. On the basis of application, the market has been segmented into defense, law enforcement and others. The others segment includes body guards, security guard and private citizens. As of 2016, the market is led by the defense segment, accounting for more than fifty percent of the total market revenue generated worldwide.
“Body Armor Market” is a new report by us that explains how companies’ acquisition expenditures, media spend, business strategies, marketing and sales strategies and practices, and business plan are set to change in 2017-2018. This paper gives you access to the category-level spending forecasts, business challenges, budgets, supplier selection criteria, the current size of the marketing and promotion budgets and investment opportunities for senior-level officials. The report also identifies the expected growth of buyers and suppliers, capital expenditure, staff hiring, M and A, and e-procurement. This report not only gives access to the views and strategies of business decision makers and rivals but also examines their actions circling business priorities. The report also provides access to information categorized by company type and sizes, region,
Introduction and Landscape
Why was the report written?
This report is the result of an extensive survey drawn from Our Research’s elite panel of leading global senior level executives from enterprises such as such as medical devices, mining, packaging, power, oil, and gas, food and beverage, airports and pharmaceutical. The report covers key topics such as appropriation behaviors and strategies, the current size of the marketing and advertising budgets. Besides the report also recognizes the threats and possibilities, economic outlook trends, media channel spending outlooks, M and A expectations, marketing agency selection models, media budgets, business challenges and confidence among senior-level executives across various industries. Most secondary research papers are based on general industry drivers and do not understand the industry officials’ attitude and changing behaviors, creating a gap in showing the business opportunity of the industry. In an effort to bridge this gap, Our Research created this primary-research based report by selecting the opinions of various stakeholders in the value-chain of the industry
This report offers:
- Analysis of several products, and regions that would provide the clear understanding of the ongoing and future trends in the global Body Armor market
- Assessment of market dynamics such as drivers, restraints, and opportunities prevalent in the market
- Quantitative assessment of the current market size and future estimations for the period from 2016 to 2026, along with CAGRs for the period from 2018 to 2026
- Company profiles that will highlight key information about the imperative players operating in the global Body Armor devices market
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