Words of Wisdom:

"Why take the hard way when you can do better the easy way!?!?!?!?" - Jeni589

Body Armor Market Is Expected to Be Worth Usd 4.3 Billion by 2021

  • Date Submitted: 10/13/2015 03:20 AM
  • Flesch-Kincaid Score: 40 
  • Words: 833
  • Essay Grade: no grades
  • Report this Essay
According to a new market report published by Transparency Market Research “Body Armor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021” the body armor market was valued at USD 3.3 billion in 2014 and is estimated to grow at a CAGR of 4.0% and reach USD 4.3 billion by 2021.

Browse the full Body Armor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021 report at
http://www.transparencymarketresearch.com/body-armor-market.html

Body armor is a protective garment designed or intended to protect individuals from gunshots or stab wounds. Soldier Modernization Programs is one of the major factors responsible for the growth of the body armor market. There has been an increasing focus to design body armors that meet futuristic requirements and enhances on the survivability, sustainability and mobility front. Moreover, the demand for body armor is also expected to remain high throughout the forecast period on account of it being increasingly procured by various defense and law enforcement protection bodies to counter the growing threats of terrorism. Furthermore, increasing instances of handgun threats across various countries is driving the growth of body armor market. These factors in overall are expected to positively impact the growth of body armor market during the forecast period from 2015 to 2021.

By types, the market has been divided into six segments, namely Type I, Type II-A, Type II, Type III-A, Type III and Type IV. The Type IV segment generated the maximum revenue in 2014. Type IV body armors are extensively used in the defense sector as it is the strongest type of body armor and provide protection even against .30 caliber armor piercing (AP) bullets.
body-armor-market
By applications, market is classified into three segments, namely: defense, law enforcement protection and civilians. The defense sector held the largest market share accounting for more than 55% in 2014. The...

Comments

Express your owns thoughts and ideas on this essay by writing a grade and/or critique.

  1. No comments