Acumen Research and Consulting Body Armor Market is Expected to Witness Growth At | Page 3
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Asia Pacific to be the most attractive market for body armor during the
forecast period
The report focuses on the regional markets including North America, Europe,
Asia-Pacific, and Rest of the World. Among these markets, North America was the
largest market for body armor in 2013 mainly due to the increased focus on the
safety of military sector by the government in the region.
Asia Pacific is anticipated to be the most attractive market for body armor
market during the forecast period owing to the increasing number of terrorist
attacks in the countries such as India, China, Pakistan and Singapore. The growth
of body armors is also supported by the increased spending of government in
India and China towards their military sector in order to ensure the safety of
their soldiers.
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Soft body armor to register highest CAGR during the forecast period
On the basis of product type, the global body armor market is segmented into
soft body armor, hard body armors and accessories. Soft body armors are
anticipated to register the highest growth rate during the forecast period as they
are light weight compared to hard body armors. In addition soft body armors
offers flexibility, thereby helping the soldiers or guards to have a smooth
movement on war field.
Some of the key players profiled in the report include Point Blank Enterprises,
Inc.; Aegis Engineering Ltd.; Ballistic Body Armor Pty; AR500 Armor; BAE
Systems; Craig International Ballistics Pty Ltd.; Kejo Limited Company; Ceradyne,
Inc.; Hellweg International; Pacific Safety Products; and Safariland, LLC. Most of
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