Rise in Demand for Body Armor in Private Security and Favourable Government Policies and Support is Anticipated to Boost Body Armor Market During The Forecast Period 2021-2026.

Body Armor Market Size is forecast to reach $3.1 billion by 2026, at a CAGR of 6.7% during 2021-2026.  A Body armor is the one of the most common safety equipment worn by Police officers, Militants, Civilians, Correction officers and other officials to protect themselves from different threats. Different Body Armors are used in different sectors based on their requirement. Typical product categories of Body Armor are Soft Armor, Hard Armor and Accessories. Due to increasing adoption of Body armor such as boots, helmets, bullet proof jackets, armor plates and others by the Defense Departments of the countries such as India, U.S, China, the U.K and others has brought significant growth in its market size. Nowadays, companies are increasingly showing interest in different Body Armor which has allowed the development of new lightweight and flexible body armor which are more effective and efficient than the normal armor. 

For using body armor the federal government of each and every region has their own set of laws. In the U.S, some of the states dictate when and how one can wear body armor while some countries, such as Australia, have specific guidelines about how body armor may be bought and sold especially among civilians. In United States, these laws state that no convicted felon can purchase or possess body armor. In addition, buying body armor as a convicted felon is yet another federal crime. Committing a crime while wearing or even owning body armor is a crime in and of itself in most U.S states as well. The laws also vary state wise in the U.S. In New York, a proposed ban of body armor for private citizens is currently being debated. In Connecticut, body armor can only be purchased in person, and cannot be purchased online, over the phone, or by mail. UT is illegal to wear body armor on school property or on campus in Louisiana, These regulatory complexities have raised the compliance requirements for companies operating in the U.S. Body armor need to observe the guidelines and laws set by the International Traffic in Arms Regulation (ITAR), under the NIJ (National Institute of Justice). In U.S the transfer or shipment of body armor needs written approval by the Department of State and if not then it is deemed unlawful. The purchase and use of body armor, by civilians in general, is legal as most states abide strictly by the federal law regarding body armor, there are a few that add their own bit of flair to it. Moreover, if anyone convicted of a violent felony, it is generally illegal unless the person using the body armor fall into the exception. In territories such as South Australia, Victoria, Northern Territory, ACT, Queensland and New South Wales it is illegal to possess body armor without authorization and it is illegal to import without notifying the Australian Customs and Border Protection Service.

The average cost for body armor depends on the fabric and technology used to design that is whether it is designed with ceramic plates, steel plates providing durability, flexibility and others.  However, the overall price is approximately ranging from $69- $300.  The price range of the body armor keeps on increasing depending on the raw materials, labor costs, manufacturing process data and the technology used for designing according to the comfort level and environmental conditions.  As the body armor are highly procured by the  major end users such as military, law enforcement, and others, manufacturers need to spend highly towards making  efficient and rugged armor to meet the desired needs of the customers.  This eventually adds to the purchasing costs of the product, thus rising its pricing standards. Moreover, several countries are incorporating development of advanced armor replacing the conventional system to ensure improved protection in attacks and wars which is affecting the price range of the armor depending on the protection level. Additionally, price range also depends upon the level of protection such as Level I, Level II, Level III A and so on.Body Armor market in Asia-Pacific region held significant market share of 37.4% in 2020. 

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Body Armor Market Growth Drivers:

Advancement in Technology is analyzed to drive the market growth in the forecast period 

Advancements in technology for body armors is driving the market in the forecast period. For instance, PSP’s new NIJ0101.06 ballistic offering includes three series of concealable soft body armor to address the different needs of Canadian Corrections professionals, law enforcement and military professionals. On May 2020, Australian Defense Force (ADF) acquired the contract of Craig International Ballistics, a leading supplier of ballistic protection to the Australian Defence Force and Police Forces. The company launched a new body armor technology which provides Australian troops with increased protection at a significant weight reduction to current in-service body armor.. The company providing improved new Kevlar material based soft body armor technology as replacement for current in use armor which is part of a larger trend of body armor replacement driven by new material adoption and improved ballistics protection capability. Such acquisitions by the Ministry of Defense and other governmental bodies are expected to enhance the Body Armors Market growth. Globally as well as in the Australian Market. A new lightweight type, the Tiered Body Armor System (developed over a two-year period), was presented to Australian troops in Afghanistan for operational use. There have been continued adoption of solutions such as TBAS and Integrated Head Protection System (IHPS) and others such technologies which have been a primary driver of body armor replacement globally. These initiatives is expected to propel the market growth of Body Armors in forecast period.

The Major Players in this Market Include

The Body Armor Market is concentrated; the top five leading players including Safariland, DuPont, Point Blank Solutions, Inc., KDH Defense Systems/Armor Express and Avon Rubber among others. In July 2019, KDH Defense Systems has been awarded two contracts from U.S. Army totaling approximately $40.0 million. $31.5 M was awarded for the delivery of Modular scalable vest Generation II and $90 Million for the delivery of Blast Pelvic Protectors.

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