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Body Armor Market Share

Report ID: GMI4268
Published Date: Aug 2024
Report Format: PDF

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Body Armor Market Share

BAE Systems and Safariland LLC collectively held a significant share of the market in 2023. BAE Systems, a global defense and aerospace company headquartered in London, is a significant player in the body armor industry. With a robust portfolio that includes advanced defense solutions, BAE Systems leverages its expertise in technology and manufacturing to deliver high-quality body armor products designed for military, law enforcement, and civilian applications.

Safariland LLC, a leading name in the market, is renowned for its innovative solutions in protective gear and tactical equipment. Established in 1964, the company has built a strong reputation for delivering high-quality body armor, including vests, plates, and accessories, tailored for law enforcement, military, and civilian use.

Body Armor Market Companies

Major players operating in the body armor industry are:

BAE Systems
Safariland LLC
Pointblank Enterprizes, Inc
Mehler Vario System GmBH
MKU Limited
Armor Express, Inc.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

Market size for body armor was worth USD 2.3 billion in 2023 and will grow at a 3.5% CAGR between 2024 and 2032, fueled by rising global security concerns, increasing military expenditures, and advancements in body armor technology.

Body armor market from the defense segment will surpass USD 1.2 billion by 2032, propelled by the consistent demand for protective gear among military personnel.

North America industry will reach USD 1 billion by 2032, owing to focus on enhancing military capabilities and ensuring the safety of law enforcement personnel.

Key players operating in the market are BAE Systems, Safariland LLC, Pointblank Enterprizes, Inc, Mehler Vario System GmBH, MKU Limited, and Armor Express, Inc., among others.