Wednesday 8 April 2015, Amsterdam
The new report recognizes the following companies as the key players in the Global Body Armor Market: ArmorSource LLC, Ballistic Body Armour (Pty) Ltd., Ceradyne Inc., Combat Clothing Australia Pty Ltd. and Protective Products Enterprises Inc.
Other Prominent Vendors in the market are: BAE Systems, Honeywell International, M Cubed, Plasan Sasa and Survitec Group.
Commenting on the report, an analyst from the report's team said: “One major trend in the market is the improvements in materials. Vendors have started using special fabrics to improve soldiers' performance and also to protect the soldiers and police officers who encounter blade attacks.”
According to the report, one of the main drivers in this market is the increased development of body armor programs. Countries such as the US, France, and the UK are developing next-generation body armor systems by replacing the body armor systems and components currently worn by their military forces.
Further, the report states that one of the major challenges in this market is a shortage of body armor and personal protection equipment. There is high demand for body armor and personal protection equipment from developing countries but there is a shortage of supply. Such issues have resulted in injuries and death of many soldiers in the past.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.