Body armor
and personal protection market is expected to be led by North America with a
share of 29.1% over the forecast period, followed by Europe with 23.2% and
Asia-Pacific with 21%. The Middle Eastern market for military body armor and
personal protection is expected to account for 14.8%, followed by the African
and Latin American markets with shares of 6.3% and 5.6% respectively.
In terms of revenue, the global body armor and personal protection market is
dominated by North America, with the US being the largest contributor in the
sector. Cumulatively, North America will spend US$8.9 billion on body armor and
personal protection during the forecast period. Europe represents the
second-largest market, with cumulative spending on body armor and personal
protection equipment valued at US$7.1 billion over the forecast period.
Asia-Pacific
and the Middle East are also promising markets for body armor and personal
protection, propelled by the growing demand for bullet-proof vests and other
protective clothing in the region. Spending in the Latin American and African
regions is projected to remain relatively low over the next decade. However,
ongoing programs in countries such as South Africa, Algeria, and Brazil are
expected to fuel growth in these regions between 2018 and 2028.