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Soft Body Armor Market Analysis & Forecast | 2023-2028
Soft Body Armor Market Size, Share, Trends, Forecast, Competitive Analysis, and Growth Opportunity (2023-2028)
Soft body armor is protective clothing that is usually worn by law enforcement personnel, EMS workers, and firefighters in various situations due to the escalating geopolitical conflict and the rise in violent and terrorist acts.
The soft body armor market was valued at US$ 926.4 Mn in 2022 and is likely to reach US$ 1210.7 Mn in 2028.
The market is expected to grow at a CAGR of 4.3% during the forecast period.
The following are the key players in the soft body armor market - Point Blank Enterprises, Inc., Safariland, LLC., Armor Express, Mehler Vario System, SM Group, XTEK Group, Beijing Tongyizhong New Material Technology Corporation, Senken Group Co., Ltd, MARS Armor, and US Armor Corporation.
North America is expected to remain the largest market with a share of >65% in 2022 for soft body armor.
The overall industry dynamics are changing with the increasing focus on the development of lightweight soft body armor products that stand up to complex threats and ultimately save the lives of law enforcement officers, military personnel, and civilians while providing flexibility and comfort. Increasing R&D investments focused on improving the soldier’s comfort and enhancing their protection and survivability will fuel the soft body armor market growth in the coming years. The growing usage of improved raw materials in order to decrease the weight of ballistic protection equipment is anticipated to create new market opportunities. Therefore, soft body armor manufacturers are demanding lighter protective solutions, thus, driving the raw material companies’ product development and increasing the industry’s competitiveness for life protection. In the beginning, a lot of effort was put into manufacturing soft body armor using conventional materials, such as fiberglass and nylon. However, due to the increased demand in terms of mobility and flexibility, many armor manufacturers have shifted to the usage of high-performance materials like UHMWPE and aramid fibers, which demonstrate outstanding strength-to-weight properties, and a high tenacity and ballistic performance.
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