Body Armor Market (Updated Version Available)

The Body Armor market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
The importance of body armor can be understood from the fact that it helps to protect personnel by acting as a shield against weapon attacks. Historically, its use was mostly limited to the military sector, but nowadays it is often used by the police, security guards and civilians as well. 
The ongoing soldier modernization programs initiated by several governments across the globe are augmenting the sale of body armor. Organizations are also investing in state-of-art armor as they come with enhanced mobility, lethality, sustainability, and survivability, states Transparency Market Research. The increasing investments in research and development activities to develop light-weight materials and to incorporate technical precision in manufacturing body armor suits is likely to drive the growth of the market in the near future. The rising threats of terrorism due to political instability are also expected to boost the demand for body armor in the near future. 
North America held a leading share of 50.3% in the global market in terms of revenue. By the end of 2021, this share will rise marginally to 50.4%. The persistent acquisition of advanced equipment by military organizations in the U.S. is the primary growth driver for the body armor market. Furthermore, the high incidence of handgun crimes is also likely to spur the demand for body armor during the forecast period.
In the global Body Armor market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.

In global market, the following companies are covered:
Point Blank Enterprises
Safariland
Kejo Limited Company
Hellweg International
Craig International Ballistics
Ballistic Body Armor
BAE Systems
AR500 Armor

Market Segment by Product Type
Type 1
Type 2A
Type 2
Type 3A
Type 3
Type 4

Market Segment by Application
Defense
Law Enforcement Protection
Civilians

Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Body Armor market for the forecast period 2020 - 2025?
• What are the driving forces in the Body Armor market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Body Armor industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?