the global body armor and personal protection market 2013 2023 - sp.pdf · 2014. 2. 24. · 5 swot...

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The Global Body Armor and Personal

Protection Market 2013–2023

The Global Body Armor and Personal Protection Market 2013–2023

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TABLE OF CONTENTS

1 Introduction ......................................................................................................................... 12

1.1 What is this Report About? ............................................................................................................. 12

1.2 Definitions ...................................................................................................................................... 12

1.3 Summary Methodology ................................................................................................................... 14

1.4 About Strategic Defence Intelligence .............................................................................................. 15

2 Executive Summary ............................................................................................................ 16

3 Global Body Armor and Personal Protection Market Size and Drivers .......................... 18

3.1 Body Armor and Personal Protection Market Size and Forecast 2013–2023 .................................. 18

3.1.1 Global body armor and personal protection market to show positive growth during the forecast period .18

3.2 Global Body Armor and Personal Protection Market – Regional Analysis ....................................... 19

3.2.1 North America dominates the global body armor and personal protection market ...................................19

3.2.2 Demand for Soft armor and protective head gear in the US to support the global body armor and personal

protection market ...................................................................................................................................................21

3.2.3 Body armor and personal protection market expected to grow at a CAGR of XX% in the Asia-Pacific

region ...................................................................................................................................................................22

3.2.4 Europe is expected to register a robust growth in body armor and personal protection market ..............23

3.2.5 Body Armor and Personal Protection market in the Middle East to increase during the forecast period .25

3.2.6 Brazil expected to be the highest spender in the body armor and personal protection sector in the Latin

American region .....................................................................................................................................................27

3.2.7 Markets in Africa expected to increase over the forecast period ..............................................................28

3.3 Body Armor and Personal Protection Sub-Sector Market Size Composition ................................... 29

3.3.1 Soft armor segment to account for the highest expenditure in the body armor and personal protection

market ...................................................................................................................................................................29

3.3.2 Hard armor expected to constitute the second largest segment ..............................................................31

3.3.3 Market size of protective headgear segment expected to rise at a CAGR of XX% during the forecast

period ...................................................................................................................................................................32

3.3.4 Clothing segment to account for XX% of body armor and personal protection market ............................33

3.3.5 Market for boots to grow at a CAGR of XX% over the forecast period .....................................................35

3.4 Demand Drivers and Growth Stimulators ........................................................................................ 36

3.4.1 Shortage of body armors driving the market .............................................................................................36

3.4.2 Technological innovations driving the body armor and personal protection market .................................36

3.5 Defense Budget Spending Review ................................................................................................. 38

3.5.1 European capital expenditure expected to increase during the forecast period .......................................38

3.5.2 Asian defense budgets expected to increase at a robust pace ................................................................39

3.5.3 North American defense expenditure projected to increase marginally during the forecast period .........40


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3.5.4 Modernization programs likely to drive defense expenditure in South American countries .....................41

3.5.5 Military budgets of African countries expected to increase during the forecast period .............................42

3.5.6 Defense budgets of Middle Eastern countries likely to increase during the forecast period ....................43

3.6 Defense Modernization Review ...................................................................................................... 44

3.6.1 Debt crisis in Europe leading to postponement of modernization plans ...................................................44

3.6.2 Arms race in Asia reflected in modernization plans ..................................................................................44

3.6.3 North American modernization plans marginally affected by economic recession ...................................44

3.6.4 Modernization programs in South America driven by replacement of obsolete armaments ....................44

3.6.5 African countries mainly spending on infantry weapons, and surveillance and monitoring equipment, to

slow growing crime rate .........................................................................................................................................45

3.6.6 Middle Eastern countries pursuing modernization of air force and air defense systems ..........................45

4 Industry Trends, Recent Developments and Challenges ................................................. 46

4.1 Technological Developments .......................................................................................................... 46

4.1.1 Improved soldier helmets to prevent head and brain injuries ...................................................................46

4.1.2 Cosworth introduces soldier worn electronics demonstrator ....................................................................46

4.1.3 Double sided combat uniforms to enhance soldier survivability ...............................................................46

4.1.4 UNEQUAL Technologies launches DEFCON technology for protective gear ..........................................47

4.1.5 Fabric being developed to protect against cut wounds .............................................................................47

4.2 Market Trends ................................................................................................................................ 48

4.2.1 The US Army developing better body armors for women troops ..............................................................48

4.2.2 Countries investing significantly to make body armor and personal protection equipment lighter ...........48

4.3 Industry Consolidation .................................................................................................................... 49

4.3.1 Joint programs expected to increase over the forecast period .................................................................49

4.3.2 Companies are expected to consolidate in the face of global defense budget cuts .................................49

4.4 Key Challenges .............................................................................................................................. 50

4.4.1 Reducing the burden of soldiers poses a key challenge for body armor market ......................................50

4.4.2 Body armor for women still in its nascent stage ........................................................................................50

5 SWOT Analysis of the Body Armor and Personal Protection Market ............................. 51

5.2 Strengths ........................................................................................................................................ 52

5.2.1 Soldier survivability propelling the market for body armor and personal protection .................................52

5.2.2 Technological advancements driving the market the market for body armor and personal protection ....52

5.2.3 Spread of asymmetric warfare across the globe .......................................................................................52

5.3 Weaknesses ................................................................................................................................... 54

5.3.1 Weight of equipment decreasing mobility .................................................................................................54

5.3.2 High unit costs of individual protection equipment ....................................................................................54

5.4 Opportunities .................................................................................................................................. 55

5.4.1 Demand for lighter body armor to drive the sector in the forecast period .................................................55


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5.4.2 Soldier Modernization programs fuelling demand for body armor and personal protection equipment ...55

5.5 Threats ........................................................................................................................................... 56

5.5.1 US and European economic crisis ............................................................................................................56

5.5.2 Shrinking military expenditure to impact demand for advanced technology body armor and personal

protection equipment .............................................................................................................................................56

6 Country Analysis – Body Armor and Personal Protection Market .................................. 57

6.1 United States Market Size and Forecast 2013–2023 ...................................................................... 58

6.1.1 Soft armor equipment expected to account for the largest share of US body armor and personal


6.1.2 Spending on protective headgear expected to decline during the forecast period ...................................62

6.1.3 Hard armor segment is expected to constitute the third largest market share in the US .........................63

6.2 Russia Market Size and Forecast 2013–2023 ................................................................................ 64

6.2.1 Soft armor segment expected to lead the Russian body armor and personal protection market .............67

6.2.2 Expenditure on hard armor to be robust during the forecast period .........................................................68

6.3 The United Kingdom Market Size and Forecast 2013–2023 ........................................................... 69

6.3.1 Hard armor market to register robust growth during the forecast period ..................................................72

6.3.2 Protective clothing market in the UK to increase during the forecast period ............................................73

6.4 France Market Size and Forecast 2013–2023 ................................................................................ 74

6.4.1 Hard armor segment expected to account for the largest share during the forecast period .....................77

6.4.2 Soft armor segment expected to grow at a CAGR of XX% over the forecast period ...............................78

6.4.3 Protective clothing to constitute XX% of French body armor and personal protection market .................79

6.5 Australia Market Size and Forecast 2013–2023 ............................................................................. 80

6.5.1 Hard armor to account for the highest proportion of expenditure by Australia on body armor and personal

protection ...............................................................................................................................................................83

6.5.2 Soft armor accounts for the second largest share of Australian spending on body armor and personal

protection ...............................................................................................................................................................84

6.5.3 Spending on protective headgear expected to be US$XX million during the forecast period ..................85

6.6 Indian Market Size and Forecast 2013–2023.................................................................................. 86

6.6.1 Hard armor equipment expected to account for the largest share of Indian body armor and personal


6.6.2 Protective headgear segment expected to grow at a CAGR of XX% over the forecast period ................90

6.6.3 Soft armor segment is expected to constitute the third largest market share in India ..............................91

6.7 China Market Size and Forecast 2013–2023 .................................................................................. 92

6.7.1 China’s expenditure on hard armor to account for the highest proportion of expenditure ........................95

6.7.2 Soft armor segment is expected to exhibit a CAGR of XX% during the forecast period ..........................96

6.7.3 Protective headgear expected to constitute the third largest market share in China ...............................97

6.8 Israel Market Size and Forecast 2013–2023 .................................................................................. 98

6.8.1 Soft armor segment expected to lead the Israeli body armor and personal protection market ..............101


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6.8.2 Protective headgear market in Israel to increase during the forecast period ..........................................102

6.9 Saudi Arabia Market Size and Forecast 2013–2023 ..................................................................... 103

6.9.1 Saudi Arabia’s expenditure on protective headgear segment to increase at a CAGR of XX% ..............106

6.10 Brazil Market Size and Forecast 2013–2023 ................................................................................ 107

6.10.1 Hard armor to account for the highest proportion of expenditure by Brazil on body armor and personal

protection .............................................................................................................................................................110

6.10.2 Soft armor accounts for second largest share of Brazilian spending on body armor and personal

protection .............................................................................................................................................................111

6.11 Peru Market Size and Forecast 2013–2023 .................................................................................. 112

6.11.1 Peru’s expenditure on soft armor segment to increase at a CAGR of XX% ...........................................114

6.12 South Africa Market Size and Forecast 2013–2023 ...................................................................... 115

6.12.1 Hard armor to account for the highest proportion of expenditure by South Africa on body armor and

personal protection ..............................................................................................................................................118

7 Major Body Armor and Personal Protection Programs ................................................. 119

7.1 Hard Armor ................................................................................................................................... 119

7.1.1 UK - Future Infantry Soldier Technology (FIST) program .......................................................................119

7.1.2 Australia - Land 125 (Phase-3B) .............................................................................................................120

7.1.3 India - FINSAS (Phase-1)........................................................................................................................120

7.2 Soft Armor .................................................................................................................................... 122

7.2.1 US - DLA Troop Support - Outer Tactical Vests and Improved Outer Tactical Vests procurement program

122

7.2.2 India - Modular Bullet Proof Vests Procurement .....................................................................................123

7.3 Protective Headgear ..................................................................................................................... 124

7.3.1 US - Next Generation Combat Helmet program .....................................................................................124

7.3.2 US - Foliage green advanced combat helmets program ........................................................................124

7.3.3 Australia - Better Combat Helmets Program ...........................................................................................125

7.4 Clothing ........................................................................................................................................ 126

7.4.1 US - Uniform Integrated Protection Ensemble Program .........................................................................126

7.4.2 France – FELIN Infantry Combat Suite – Clothing ..................................................................................127

7.5 Boots ............................................................................................................................................ 128

7.5.1 US – Procurement of Rugged All-Terrain Boots .....................................................................................128

7.5.2 US – Procurement of Mountain Combat Boots .......................................................................................129

8 Competitive Landscape and Strategic Insights .............................................................. 130

8.1 Competitive Landscape overview ................................................................................................. 130

8.1.1 Ceradyne Inc.: Overview .........................................................................................................................132

8.1.2 Ceradyne Inc.: Products and Services ....................................................................................................132

8.1.3 Ceradyne Inc.: Alliances..........................................................................................................................132


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8.1.4 Ceradyne Inc.: Recent Contract Wins .....................................................................................................132

8.1.5 Ceradyne Inc.: Financial Analysis ...........................................................................................................133

8.1.6 Combat Clothing Australia: Overview .....................................................................................................135

8.1.7 Combat Clothing Australia: Products and Services ................................................................................135

8.1.8 Combat Clothing Australia: Recent Contract Wins .................................................................................135

8.1.9 ArmorSource: Overview ..........................................................................................................................136

8.1.10 ArmourSource: Products and Services ...................................................................................................136

8.1.11 ArmourSource: Alliances .........................................................................................................................137

8.1.12 ArmourSource: Recent Contract Wins ....................................................................................................137

8.1.13 BAE Systems: Overview .........................................................................................................................137

8.1.14 BAE Systems: Products and Services ....................................................................................................137

8.1.15 BAE Systems: Recent Contract Wins .....................................................................................................138

8.1.16 BAE Systems: Financial Analysis ...........................................................................................................139

8.1.17 Honeywell: Overview ...............................................................................................................................141

8.1.18 Honeywell: Products and Services ..........................................................................................................141

8.1.19 Honeywell: Recent Contract Wins ...........................................................................................................141

8.1.20 Honeywell: Financial Analysis .................................................................................................................141

8.1.21 Survitec Group Limited: Overview ...........................................................................................................143

8.1.22 Survitec Group Limited: Products and Services......................................................................................143

8.1.23 Survitec Group Limited: Recent Contract Wins.......................................................................................144

8.1.24 Plasan Sasa Composite Materials: Overview .........................................................................................145

8.1.25 Plasan Sasa Composite Materials: Products and Services ....................................................................145

8.1.26 Plasan Sasa Composite Materials: Recent Announcements and Strategic Initiatives ...........................145

8.1.27 Plasan Sasa Composite Materials: Alliances ..........................................................................................145

8.1.28 Anjani Technoplast: Overview .................................................................................................................146

8.1.29 Anjani Technoplast: Products and Services............................................................................................146

8.1.30 Anjani Technoplast: Recent Announcements and Strategic Initiatives ...................................................146

8.1.31 Anjani Technoplast: Alliances .................................................................................................................146

8.1.32 M Cubed Technologies: Overview ..........................................................................................................147

8.1.33 M Cubed Technologies: Products and Services .....................................................................................147

8.1.34 M Cubed Technologies: Recent Announcements and Strategic Initiatives ............................................147

8.1.35 M Cubed Technologies: Recent Contract Wins ......................................................................................147

8.1.36 Sarkar Defence Solutions: Overview ......................................................................................................148

8.1.37 Sarkar Defence Solutions: Products and Services .................................................................................148

8.1.38 Sarkar Defence Solutions: Alliances .......................................................................................................149

8.1.39 Sarkar Defence Solutions Limited: Recent Contract Wins ......................................................................149

8.1.40 Point Blank Body Armor Inc: Overview ...................................................................................................149

8.1.41 Point Blank Body Armor Inc.: Products and Services .............................................................................150


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8.1.42 Point Blank Body Armor Inc: Recent Announcements and Strategic Initiatives .....................................150

8.1.43 Point Blank Body Armor Inc: Alliances ....................................................................................................150

8.1.44 Point Blank Body Armor Inc: Recent Contract Wins ...............................................................................151

8.1.45 Bates Footwear, Inc.: Overview ..............................................................................................................151

8.1.46 Bates Footwear, Inc.: Products and Services .........................................................................................151

8.1.47 Bates Footwear, Inc.: Recent Announcements and Strategic Initiatives ................................................152

8.1.48 Bates Footwear, Inc.: Recent Contract Wins ..........................................................................................153

9 Appendix ............................................................................................................................ 154

9.1 Methodology ................................................................................................................................. 154

9.2 About SDI ..................................................................................................................................... 154

9.3 Disclaimer .................................................................................................................................... 154


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LIST OF FIGURES

Figure 1: Global Body Armor and Personal Protection Market (US$ Billion), 2013–2023 .................................................................................... 18 Figure 2: Body Armor And Personal Protection Market Breakdown by Region (%), 2013–2023 .......................................................................... 20 Figure 3: North American Body Armor And Personal Protection Market (US$ Billion), 2013–2023 ...................................................................... 21 Figure 4: Asia-Pacific Body Armor and Personal Protection Market (US$ Million), 2013–2023............................................................................ 22 Figure 5: European Body Armor and Personal Protection Market (US$ Million), 2013–2023 .............................................................................. 24 Figure 6: Middle East Body Armor and Personal Protection Market (US$ Million), 2013–2023............................................................................ 26 Figure 7: Latin American Body Armor And Personal Protection Market (US$ Million), 2013–2023 ...................................................................... 27 Figure 8: African Body Armor and Personal Protection Market (US$ Million), 2013–2023 ................................................................................... 28 Figure 9: Body Armor And Personal Protection Market Breakdown by Segment (%), 2013–2023 ....................................................................... 30 Figure 10: Soft Armor Market Size (US$ Million), 2013–2023 ............................................................................................................................. 30 Figure 11: Hard Armor Market Size (US$ Million), 2013–2023 ............................................................................................................................ 31 Figure 12: Protective Headgear Market Size (US$ Million), 2013–2023 .............................................................................................................. 32 Figure 13: Clothing Market Size (US$ Million), 2013–2023 ................................................................................................................................. 34 Figure 14: Boots Market Size (US$ Million), 2013–2023 ..................................................................................................................................... 35 Figure 15: Defense Capital Expenditure of Top Three European Defense Spenders (US$ Billion), 2013–2023 .................................................. 38 Figure 16: Defense Capital Expenditure of Top Three Asian Defense Spenders (US$ Billion), 2013–2023 ........................................................ 39 Figure 17: Defense Capital Expenditure of Top North American Defense Spenders (US$ Billion), 2013–2023 ................................................... 40 Figure 18: Defense Capital Expenditure of Top Three South American Defense Spenders (US$ Billion), 2013–2023 ........................................ 41 Figure 19: Defense Capital Expenditure of Top Three African Countries (US$ Billion), 2013–2023.................................................................... 42 Figure 20: Defense Capital Expenditure of Top Three Middle Eastern Defense Spenders (US$ Billion), 2013–2023 .......................................... 43 Figure 21: Body Armor And Personal Protection Market in the US (US$ Million), 2013–2023 ............................................................................. 59 Figure 22: Body Armor And Personal Protection Market Split By Category in the US (%), 2013–2023 ................................................................ 60 Figure 23: Soft Armor Market Size in the US (US$ Million), 2013–2023 .............................................................................................................. 61 Figure 24: Protective Headgear Market Size in the US (US$ Million), 2013–2023 ............................................................................................... 62 Figure 25: Hard Armor Market Size in the US (US$ Million), 2013–2023............................................................................................................. 63 Figure 26: Body Armor and Personal Protection Market in Russia (US$ Million), 2013–2023 ............................................................................. 65 Figure 27: Russian Body Armor and Personal Protection Market Split by Sector (%), 2013–2023 ...................................................................... 66 Figure 28: Soft Armor Market Size in Russia (US$ Million), 2013–2023 .............................................................................................................. 67 Figure 29: Hard Armor Market Size in Russia (US$ Million), 2013–2023............................................................................................................. 68 Figure 30: Body Armor and Personal Protection Market in the UK (US$ Million), 2013–2023 ............................................................................. 70 Figure 31: Body Armor and Personal Protection Market Split by Sector in UK (%), 2013–2023 .......................................................................... 71 Figure 32: Hard Armor Market Size in the UK (US$ Million), 2013–2023............................................................................................................. 72 Figure 33: Clothing Market Size in the UK (US$ Million), 2013–2023 .................................................................................................................. 73 Figure 34: Body Armor and Personal Protection Market in France (US$ Million), 2013–2023 ............................................................................. 75 Figure 35: Body Armor and Personal Protection Market Split by Sector in France (%), 2013–2023 .................................................................... 76 Figure 36: Hard Armor Market Size in France (US$ Million), 2013–2023 ............................................................................................................ 77 Figure 37: Soft Armor Market Size in France (US$ Million), 2013–2023 .............................................................................................................. 78 Figure 38: Clothing Market Size in France (US$ Million), 2013–2023 .................................................................................................................. 79 Figure 39: Body Armor and Personal Protection Market in Australia (US$ Million), 2013–2023 ........................................................................... 81 Figure 40: Body Armor and Personal Protection Market Split by Sector in Australia (%), 2013–2023 .................................................................. 82 Figure 41: Hard Armor Market Size in Australia (US$ Million), 2013–2023 .......................................................................................................... 83 Figure 42: Soft Armor Market Size in Australia (US$ Million), 2013–2023 ........................................................................................................... 84 Figure 43: Protective Headgear Market Size in Australia (US$ Million), 2013–2023 ............................................................................................ 85 Figure 44: Body Armor and Personal Protection Market in India (US$ Million), 2013–2023 ................................................................................. 87 Figure 45: Body Armor and Personal Protection Market Split by Sector in India (%), 2013–2023 ........................................................................ 88 Figure 46: Hard Armor Market Size in India (US$ Million), 2013–2023 ................................................................................................................ 89 Figure 47: Protective Headgear Market Size in India (US$ Million), 2013–2023 .................................................................................................. 90 Figure 48: Soft Armor Market Size in India (US$ Million), 2013–2023 ................................................................................................................. 91 Figure 49: Body Armor and Personal Protection Market in China (US$ Million), 2013–2023 ............................................................................... 93 Figure 50: Body Armor and Personal Protection Market Split By Category in China (%), 2013–2023 .................................................................. 94 Figure 51: Hard Armor Market Size in China (US$ Million), 2013–2023 .............................................................................................................. 95 Figure 52: Soft Armor Market Size in China (US$ Million), 2013–2023 ............................................................................................................... 96 Figure 53: Protective Headgear Market Size in China (US$ Million), 2013–2023 ................................................................................................ 97 Figure 54: Body Armor and Personal Protection Market in Israel (US$ Million), 2013–2023 ................................................................................ 99 Figure 55: Body Armor and Personal Protection Market Split by Sector in Israel (%), 2013–2023 ..................................................................... 100


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Figure 56: Soft Armor Market Size in Israel (US$ Million), 2013–2023 .............................................................................................................. 101 Figure 57: Protective Headgear Market Size in Israel (US$ Million), 2013–2023 ............................................................................................... 102 Figure 58: Body Armor and Personal Protection Market in Saudi Arabia (US$ Million), 2013–2023 .................................................................. 104 Figure 59: Body Armor and Personal Protection Market Split by Sector in Saudi Arabia (%), 2013–2023 ......................................................... 105 Figure 60: Protective Headgear Market Size in Saudi Arabia (US$ Million), 2013–2023 ................................................................................... 106 Figure 61: Body armor and Personal Protection Market in Brazil (US$ Million), 2013–2023 .............................................................................. 108 Figure 62: Body armor and Personal Protection Market Split By Category in Brazil (%), 2013–2023 ................................................................ 109 Figure 63: Hard Armor Market Size in Brazil (US$ Million), 2013–2023 ............................................................................................................ 110 Figure 64: Soft Armor Market Size in Brazil (US$ Million), 2013–2023 .............................................................................................................. 111 Figure 65: Body armor and Personal Protection Market in Peru (US$ Million), 2013–2023 ............................................................................... 113 Figure 66: Soft Armor Market Size in Peru (US$ Million), 2013–2023 ............................................................................................................... 114 Figure 67: Body Armor and Personal Protection Market in South Africa (US$ Million), 2013–2023 ................................................................... 116 Figure 68: Body Armor and Personal Protection Market Split by Sector in South Africa (%), 2013–2023 .......................................................... 117 Figure 69: Hard Armor Market Size in South Africa (US$ Million), 2013–2023 .................................................................................................. 118 Figure 70: Ceradyne Inc. – Revenue Trend Analysis (US$ Million), 2007–2011................................................................................................ 133 Figure 71: Ceradyne Inc. – Operating Profit (US$ Million), 2007–2011 ............................................................................................................. 134 Figure 72: Ceradyne Inc. – Net Profit Trend Analysis (US$ Million), 2007–2011 ............................................................................................... 134 Figure 73: BAE Systems – Revenue Trend Analysis (GBP Billion), 2008–2012 ................................................................................................ 139 Figure 74: BAE Systems – Operating Profit (GBP Million), 2008–2012 ............................................................................................................. 140 Figure 75: BAE Systems – Net Profit Trend Analysis (GBP Million), 2008–2012 .............................................................................................. 140 Figure 76: Honeywell – Revenue Trend Analysis (US$ Billion), 2008–2012 ...................................................................................................... 142 Figure 77: Honeywell – Operating Profit (US$ Million), 2008–2012 ................................................................................................................... 142 Figure 78: Honeywell – Net Profit Trend Analysis (US$ Million), 2008–2012 .................................................................................................... 143


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LIST OF TABLES

Table 1: Global Body Armor And Personal Protection Market Overview ............................................................................................................. 20 Table 2: Global Body Armor And Personal Protection Market Overview ............................................................................................................. 29 Table 3: SWOT Analysis of the Body Armor and Personal Protection market ..................................................................................................... 51 Table 4: Leading Body Armor And Personal Protection Markets and Top Three Segments ................................................................................ 57 Table 5: US Body Armor and Personal Protection Market Overview ................................................................................................................... 58 Table 6: Key Body Armor and Personal Protection programs ............................................................................................................................. 59 Table 7: Russian Body Armor and Personal Protection Market Overview ........................................................................................................... 65 Table 8: Major Russian Body Armor and Personal Protection Programs ............................................................................................................. 66 Table 9: UK Body Armor and Personal Protection Market Overview ................................................................................................................... 69 Table 10: Major UK Body Armor and Personal Protection Programs ................................................................................................................... 70 Table 11: French Body Armor and Personal Protection Market Overview ........................................................................................................... 74 Table 12: Major French Body Armor and Personal Protection Programs............................................................................................................. 75 Table 13: Australian Body Armor and Personal Protection Market Overview ...................................................................................................... 80 Table 14: Key Australian Body Armor and Personal Protection Programs ........................................................................................................... 81 Table 15: Indian Body Armor and Personal Protection Market Overview............................................................................................................. 86 Table 16: Key Indian Body Armor and Personal Protection Programs ................................................................................................................. 87 Table 17: Chinese Body Armor and Personal Protection Market Overview ......................................................................................................... 92 Table 18: Israeli Body Armor and Personal Protection - Market Overview ........................................................................................................... 98 Table 19: Major Israeli Body Armor and Personal Protection Programs .............................................................................................................. 99 Table 20: Saudi Arabian Body Armor Market Overview .................................................................................................................................... 103 Table 21: Brazilian Body armor and Personal Protection Market Overview ....................................................................................................... 107 Table 22: Key Brazilian Body Armor and Personal Protection Programs ........................................................................................................... 108 Table 23: Peruvian Body Armor and Personal Protection Market Overview ...................................................................................................... 112 Table 24: Key Peruvian Body Armor and Personal Protection Programs .......................................................................................................... 113 Table 25: South African Body Armor and Personal Protection Market Overview ............................................................................................... 115 Table 26: Key South African Body Armor and Personal Protection Programs ................................................................................................... 116 Table 27: Program Details – FIST program ....................................................................................................................................................... 119 Table 28: Program Details – Land 125 (Phase-3B) ........................................................................................................................................... 120 Table 29: Program Details – F-INSAS (Stage-1) ............................................................................................................................................... 121 Table 30: Program Details – Outer Tactical Vests and Improved Outer Tactical Vests procurement program: .................................................. 122 Table 31: Program Details – Modular Bullet Proof Vests ................................................................................................................................... 123 Table 32: Program Details – Force Protection Systems program ...................................................................................................................... 124 Table 33: Program Details – Foliage green advanced combat helmets program ............................................................................................... 125 Table 34: Program Details – Better Combat Helmets Program ......................................................................................................................... 125 Table 35: Program Details – Uniform Integrated Protection Ensemble Program ............................................................................................... 126 Table 36: Program Details – FELIN Infantry Combat Suite – Clothing program ................................................................................................. 127 Table 37: Program Details – Procurement of Rugged All-Terrain Boots ............................................................................................................ 128 Table 38: Program Details – Procurement of Mountain Combat Boots .............................................................................................................. 129 Table 39: Key Global Body Armor and Personal Protection Manufacturers and Capabilities ............................................................................. 131 Table 40: Ceradyne Inc. – Alliances.................................................................................................................................................................. 132 Table 41: Ceradyne Inc. – Recent Contract Wins ............................................................................................................................................. 132 Table 42: Combat Clothing Australia – Recent Contract Wins........................................................................................................................... 135 Table 43: ArmourSource: – Alliances ................................................................................................................................................................ 137 Table 44: ArmourSource: – Recent Contract Wins ............................................................................................................................................ 137 Table 45: BAE Systems – Recent Contract Wins .............................................................................................................................................. 138 Table 46: Honeywell – Recent Contract Wins ................................................................................................................................................... 141 Table 47: Saab – Recent Contract Wins ........................................................................................................................................................... 144 Table 48: Plasan Sasa Composite Materials – Alliances ................................................................................................................................... 145 Table 49: Anjani Technoplast – Alliances ......................................................................................................................................................... 146 Table 50: M Cubed Technologies – Recent Contract Wins ............................................................................................................................... 147 Table 51: Sarkar Defence Solutions – Alliances ................................................................................................................................................ 149 Table 52: Sarkar Defence Solutions – Recent Contract Wins ........................................................................................................................... 149 Table 53: Protective Products Enterprises – Alliances ...................................................................................................................................... 150 Table 54: Point Blank Body Armor Inc – Recent Contract Wins ........................................................................................................................ 151 Table 55: Bates Footwear, Inc. – Recent Contract Wins ................................................................................................................................... 153


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1 Executive Summary

The global body armor and personal protection market is expected to increase at a CAGR of XX%

during the forecast period

The global body armor and personal protection market is expected to be worth US$XX billion in 2013 and to

increase to US$XX billion by 2023, representing a CAGR of XX% during the forecast period. The demand for

body armor and personal protection equipment is anticipated to be driven by internal and external security

threats, territorial disputes, modernization initiatives, technological innovations, and a general shortage of body

armor across the world. Cumulatively, the global market is expected to value US$XX billion during the forecast

period. The market is expected to be dominated by North America, followed by Asia-Pacific and Europe.

Despite the economic downturn in Europe, the region’s share of the global market is projected to increase

during the forecast period due to the scheduled deployment of various modernization programs that have

been initiated in previous years.

The soft armor segment is expected to account for XX% of the market, followed by the hard armor segment,

with a share of XX%. While protective headgear and clothing account for XX% and XX% of share, the

remaining XX% is accounted for boots. The demand for soft armor is anticipated to be higher than other

categories due to the research and development programs being conducted across the world in order to

develop enhanced combat clothing. Hard armor systems are also expected to witness significant demand due

to the growing threat of asymmetrical warfare and significant technological advances in the field.


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2 Global Body Armor and Personal Protection Market Size and Drivers

2.1 Body Armor and Personal Protection Market Size and Forecast 2013–2023

2.1.1 Global body armor and personal protection market expected to show positive growth during the

forecast period

The global body armor and personal protection market is estimated to value US$XX billion in 2013 and

increase at a CAGR of XX% during the forecast period, to reach its peak of US$XX billion by 2023. The

market consists of five categories of body armor and personal protection: soft armor, hard armor, protective

headgear, clothing and boots. The soft armor segment is expected to account for XX% of the global body

armor and personal protection market, followed by the hard armor segment, with a share of XX%. While

protective headgear and clothing accounts for XX% and XX% of share, the remaining XX% is accounted for

boots. During the forecast period, cumulative global expenditure on body armor and personal protection is

expected to reach US$XX billion.

The chart below shows the expected body armor and personal protection market value during 2013–2023:

Figure 1: Global Body Armor and Personal Protection Market (US$ Billion), 2013–2023

Source: SDI analysis © SDI

XX

XX

XX

XX

XX

XX

XX

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

US

$ B

illi

on

2023


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2.2 Global Body Armor and Personal Protection Market – Regional Analysis

2.2.1 North America dominates the global body armor and personal protection market

The global body armor and personal protection market is dominated by North America, with the US being the

largest defense spender in the world; overall, North America is set to spend US$XX billion on body armor and

personal protection during the forecast period. With developing economies such as China and India pursuing

large-scale modernization plans, Asia-Pacific is expected to be the second largest market in the sector valued

at around US$XX billion, offering a potentially attractive investment opportunity for suppliers. Despite the

scheduled budget cuts, Europe represents the third-largest market, with the total body armor and personal

protection market valued at around US$XX billion. The Middle-East region is projected to spend an estimated

US$XX billion on body armor and personal protection during the forecast period, followed by the Latina

America and Africa, with US$XX billion and US$XX billion respectively.

The table below gives a brief overview of body armor and personal protection market:

Table 1: Global Body Armor and Personal Protection Market Overview

Region Market in 2013 Market in 2023 Total Market (2013–2023)

Annualized growth/decline

(2013–2023)

North America US$XX million US$XX billion US$XX billion XX%

Asia Pacific US$XX million US$XX billion US$XX billion XX%

Europe US$XX million US$XX billion US$XX billion XX%

Middle East US$XX million US$XX billion US$XX billion XX%

Latin America US$XX million US$XX million US$XX billion XX%

Africa US$XX million US$XX million US$XX billion XX%

Total Body Armor and Personal Protection Market

US$XX billion US$XX billion US$XX billion XX%



14

2.3 Body Armor and Personal Protection Sub-Sector Market Size Composition

2.3.1 Soft armor segment to account for the highest expenditure in the body armor and personal

protection market

The market for the soft armor segment is expected to account for XX% of global body armor and personal

protection market during the forecast period. Hard armor is expected to account for XX% of the market;

protective headgear and clothing are expected to constitute XX% and XX% of the overall market share during

the forecast period, and the remaining XX% share is accounted for by the boots segment.

The table below gives a brief overview of the global body armor and personal protection market:

Table 2: Global Body Armor and Personal Protection Market Overview

Particulars Market in 2013 Market in 2023 Total Market (2013–2023)

Annualized growth/ decline (2013–2023)

Soft Armor US$XX billion US$XX billion US$XX billion XX%

Hard Armor US$XX billion US$XX billion US$XX billion XX%

Protective Headgear US$XX billion US$XX billion US$XX billion XX%

Clothing US$XX billion US$XX billion US$XX billion XX%

Boots US$XX billion US$XX billion US$XX billion XX%

Total Body Armor and Personal Protection Market

USXX billion US$XX billion US$XX billion XX%


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