The Global Body Armor and Personal Protection Market Size
Report Overview
Summary
The Global Body Armor and Personal Protection Market 2014-2024 report, published by Strategic Defence Intelligence, provides readers with a detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news
Key Findings
- The global body armor and personal protection market is expected to be worth US$38 billion in 2014 and to increase to US$53 billion by 2024, representing a CAGR of 318% during the forecast period
- The expenditure on body armor and personal protection equipment is expected to be driven by soldier modernization programs, internal security threats, such as terrorism and organized crime, police modernization programs and a general shortage of body armor among several others
- In terms of segments, protective clothing and headgear is expected to account for 29% and 27% respectively in the global body armor and personal protection market, followed by soft armor and hard armor
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