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Global body armour equipment market to be driven by security threats

Industry Sector

Defence

Published

4 September 2012

Author

Matt Bodimeade

Type of News

Market

The global body armour equipment market has been forecast to reach a industry value of US$19.4 billion by 2022.

Growth within the body armour equipment market is anticipated to be driven by internal and external security threats, territorial disputes, modernisation initiatives, technological innovations, and a general shortage of body armour across the world.

A significant number of countries are investing in the development of their domestic body armour and personal protection capabilities by establishing strategic alliances and technology transfer agreements with established global manufacturers.

The global body armour equipment market is expected to be dominated by North America, followed by Europe and Asia-Pacific. Despite the economic downturn in Europe, the region's share of the global market is projected to increase over the next decade due to the scheduled deployment of various modernisation programs that have been initiated in previous years.

One of the major areas of emphasis for armies across the world is reducing the weight of body armour and other personal protection equipment used by their troops in combat.

Reducing the weight of soldier equipment without compromising protection and combat performance is a key challenge for the body armour and personal protection industry.

Spending by militaries worldwide on body armour will remain a fundamental aspect of defence budgets for years to come, as despite budgetary pressures affecting many Western nations at present, an underlying desire and responsibility to provide the best protection to military personnel will spur demand for new and advanced equipment.

For more information on the global body armour equipment market, see the latest research: Global Body Armour Equipment Market Report

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