London, 24 September 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Body Armor Market 2014-2018, which is expected to grow at a CAGR of 5.03 percent during the forecast period of 2014-2018.
“Governments in countries such as the US and the UK place a significant emphasis on the survivability of soldiers, which makes it imperative that they try to procure the best available body armor and personal protection equipment for their armed forces.,” says Faisal Ghaus, Vice President of TechNavio.
“Body armor procurement will be affected in the US and European countries because of the significant law enforcement organizations.”
Key Market Drivers
- Increased Development of Body Armor Programs
- Increased Territorial Disputes
- Ripple Effect
- Increased Demand for First Responder Armor
Key Market Trends
- Improvements in Materials
- Modernization Initiatives
- Rise of the Warrior Cop
- Double-sided Combat Uniforms
Key Market Vendors
- ArmorSource LLC
- Ballistic Body Armour (Pty) Ltd.
- Ceradyne Inc.
- Combat Clothing Australia Pty Ltd.
- Protective Products Enterprises Inc.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
