The Global Body Armor and Personal Protection Market 2012–2022

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					                                      The Global Body Armor and Personal
                                      Protection Market 2012–2022




www.strategicdefenceintelligence.com                                        icdreports@progressivedigitalmedia.com

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The Global Body Armor and Personal Protection Market 2012–2022

TABLE OF CONTENTS
1      Introduction ......................................................................................................................... 11
    1.1 What is this Report About? ..............................................................................................................11
    1.2 Definitions .......................................................................................................................................11
    1.3 Summary Methodology ...................................................................................................................13
    1.4 About Strategic Defence Intelligence (www.strategicdefenceintelligence.com) ...............................14
2      Executive Summary ............................................................................................................ 15
3      Global Body Armor and Personal Protection Market Size and Drivers .......................... 17
    3.1 Body Armor and Personal Protection Market Size and Forecast 2012–2022...................................17
        3.1.1      Global body armor and personal protection market to show positive growth during the forecast period 17
    3.2 Global Body Armor and Personal Protection Market – Regional Analysis........................................18
        3.2.1      North America dominates the global body armor and personal protection market .................................. 18
        3.2.2 Demand for Soft and Hard armor in the US to support the global body armor and personal protection
        market .................................................................................................................................................................. 21
        3.2.3      Body armor and personal protection market to be robust in Europe ........................................................ 22
        3.2.1 Body armor and personal protection market expected to grow at a CAGR of 10.06% in the Asia-Pacific
        region .................................................................................................................................................................. 24
        3.2.2      Body Armor and Personal Protection market in the Middle East to increase during the forecast period 25
        3.2.3 Brazil expected to be the highest spender in the body armor and personal protection sector in the Latin
        American region .................................................................................................................................................... 26
        3.2.4      Markets in Africa expected to increase over the forecast period ............................................................. 27
    3.3 Body Armor and Personal Protection Sub–Sector Market Size Composition ...................................28
        3.3.1 Soft armor segment to account for the highest expenditure in the body armor and personal protection
        market .................................................................................................................................................................. 28
        3.3.2 Hard armor expected to constitute the second largest segment in the body armor and personal
        protection market .................................................................................................................................................. 30
        3.3.3 Market size of protective headgear segment expected to rise at a CAGR of 3.55% during the forecast
        period .................................................................................................................................................................. 31
    3.4 Demand Drivers and Growth Stimulators ........................................................................................32
        3.4.1      Shortage of body armors driving the market ............................................................................................ 32
        3.4.2      Technological innovations driving the body armor and personal protection market ................................ 32
    3.5 Defense Budget Spending Review ..................................................................................................34
        3.5.1      European capital expenditure expected to increase during the forecast period ...................................... 34
        3.5.2      Asian defense budgets expected to increase at a robust pace ................................................................ 35
        3.5.3      North American defense expenditure projected to decline marginally during the forecast period ........... 36
        3.5.4      Modernization programs likely to drive defense expenditure in South American countries ..................... 37




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    www.strategicdefenceintelligence.com                                                         icdreports@progressivedigitalmedia.com
The Global Body Armor and Personal Protection Market 2012–2022

        3.5.5     Military budgets of African countries expected to increase during the forecast period ............................ 38
        3.5.6     Defense budgets of Middle Eastern countries likely to increase during the forecast period .................... 39
    3.6 Defense Modernization Review .......................................................................................................40
        3.6.1     Financial constraints causing delays in European defense modernization programs ............................. 40
        3.6.2     Defense budgets of Asian countries likely to be driven by competitive arms acquisitions ....................... 40
        3.6.3     Global economic slowdown leading to defense budget cuts in the North American region ..................... 41
        3.6.4     Need to replace aging equipment driving South American defense expenditure .................................... 41
        3.6.5     Security threats increasing the defense budget of African countries ....................................................... 41
        3.6.6     Demand for air defense systems is likely to increase in the Middle East ................................................. 41

4      Industry Trends, Recent Developments and Challenges ................................................ 43
    4.1 Technological Developments ..........................................................................................................43
        4.1.1     Cosworth introduces soldier worn electronics demonstrator .................................................................... 43
        4.1.2     Double sided combat uniforms to enhance soldier survivability ............................................................... 43
        4.1.3     UNEQUAL Technologies launches DEFCON technology for protective gear ......................................... 43
        4.1.4     Fabric being developed to protect against cut wounds ............................................................................ 44
    4.2 Market Trends .................................................................................................................................45
        4.2.1     The US Army developing better body armors for women troops ............................................................. 45
        4.2.2     Countries investing significantly to make body armor and personal protection equipment lighter........... 45
    4.3 Industry Consolidation .....................................................................................................................46
        4.3.1     Joint programs expected to increase over the forecast period................................................................. 46
        4.3.2     Companies are expected to consolidate in the face of global defense budget cuts ................................ 46
    4.4 Key Challenges ...............................................................................................................................47
        4.4.1     Reducing the burden of soldiers poses a key challenge for body armor market ..................................... 47
        4.4.2     Body armor for women still in its nascent stage ....................................................................................... 47

5      SWOT Analysis of the Body Armor and Personal Protection Market ............................. 48
    5.1 Strengths.........................................................................................................................................49
        5.1.1     Soldier survivability propelling the market for body armor and personal protection ................................. 49
        5.1.2     Technological advancements driving the market the market for body armor and personal protection .... 49
        5.1.3     Spread of asymmetric warfare across the globe ...................................................................................... 49
    5.2 Weaknesses ...................................................................................................................................51
        5.2.1     Weight of equipment decreasing mobility ................................................................................................. 51
        5.2.2     High unit costs of individual protection equipment ................................................................................... 51
    5.3 Opportunities...................................................................................................................................52
        5.3.1     Demand for lighter body armor to drive the sector in the forecast period ................................................ 52
        5.3.2     Soldier Modernization programs fuelling demand for body armor and personal protection equipment ... 52
    5.4 Threats............................................................................................................................................53



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    www.strategicdefenceintelligence.com                                             icdreports@progressivedigitalmedia.com
The Global Body Armor and Personal Protection Market 2012–2022

       5.4.1      US and European economic crisis ........................................................................................................... 53
       5.4.2 Shrinking military expenditure to impact demand for advanced technology body armor and personal
       protection equipment............................................................................................................................................. 53

6      Country Analysis – Body Armor and Personal Protection Market.................................. 54
    6.1 United States Market Size and Forecast 2012–2022 .......................................................................55
       6.1.1 Soft armor equipment expected to account for the largest share of US body armor and personal
       protection market .................................................................................................................................................. 58
       6.1.2      Hard armor segment is expected to constitute the second largest market share in the US .................... 59
       6.1.3      Spending on protective headgear expected to exhibit a CAGR of 4.99% during the forecast period ..... 60
    6.2 France Market Size and Forecast 2012–2022 .................................................................................61
       6.2.1      The FELIN program to drive the hard armor market during the forecast period ...................................... 64
       6.2.2      FELIN V1 and FELIN V2 to drive the French soft armor market .............................................................. 65
    6.3 Russia Market Size and Forecast 2012–2022 .................................................................................66
       6.3.1      Expenditure on soft armor to be robust during the forecast period .......................................................... 69
       6.3.2      Spending on hard armor to grow at a CAGR of 5.98% throughout the forecast period ........................... 70
    6.4 The United Kingdom Market Size and Forecast 2012–2022 ............................................................71
       6.4.1      Soft armor market in the UK to increase during the forecast period ........................................................ 74
       6.4.2      Hard armor market to register robust growth during the forecast period ................................................. 75
    6.5 Israel Market Size and Forecast 2012–2022 ...................................................................................76
       6.5.1 Soft armor equipment expected to account for the largest share of Israeli body armor and personal
       protection market .................................................................................................................................................. 79
       6.5.2      Spending on protective headgear expected to reach US$11 million by 2018.......................................... 80
    6.6 Saudi Arabia Market Size and Forecast 2012–2022 ........................................................................81
       6.6.1      Saudi Arabia’s expenditure on protective headgear segment to increase at a CAGR of 19.6% ............. 83
    6.7 Australia Market Size and Forecast 2012–2022 ..............................................................................84
       6.7.1 Hard armor to account for the highest proportion of expenditure by Australia on body armor and
       personal protection................................................................................................................................................ 87
       6.7.2 Soft armor accounts for the second largest share of Australian spending on body armor and personal
       protection .............................................................................................................................................................. 88
       6.7.3      Spending on protective headgear expected to exhibit a CAGR of 10.09% during the forecast period ... 89
    6.8 Indian Market Size and Forecast 2012–2022 ..................................................................................90
       6.8.1 Hard armor equipment expected to account for the largest share of Indian body armor and personal
       protection market .................................................................................................................................................. 93
       6.8.2      Soft armor segment is expected to constitute the second largest market share in India ......................... 94
       6.8.3      Spending on protective headgear expected to reach US$8 million by 2015 ............................................ 95
    6.9 China Market Size and Forecast 2012–2022...................................................................................96
       6.9.1      China’s expenditure on hard armor to account for the highest proportion of expenditure ....................... 99




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    www.strategicdefenceintelligence.com                                                        icdreports@progressivedigitalmedia.com
The Global Body Armor and Personal Protection Market 2012–2022

       6.9.2      Soft armor segment is expected to exhibit a CAGR of 11.6% during the forecast period ..................... 100
       6.9.3      Protective headgear expected to constitute the third largest market share in China ............................. 101
    6.10 Brazil Market Size and Forecast 2012–2022 .................................................................................102
       6.10.1 Hard armor to account for the highest proportion of expenditure by Brazil on body armor and personal
       protection ............................................................................................................................................................ 105
       6.10.2 Soft armor accounts for second largest share of Brazilian spending on body armor and personal
       protection ............................................................................................................................................................ 106
    6.11 Peru Market Size and Forecast 2012–2022 ..................................................................................107
       6.11.1 Peru’s expenditure on soft armor segment to increase at a CAGR of 9.15% ........................................ 109

7      Major Body Armor and Personal Protection Programs ................................................. 110
    7.1 Hard Armor ...................................................................................................................................110
       7.1.1      Future infantry soldier technology (FIST) program ................................................................................. 110
       7.1.2      Land 125 (Phase-3B).............................................................................................................................. 111
       7.1.3      F-INSAS (Phase-1) ................................................................................................................................. 111
    7.2 Soft Armor .....................................................................................................................................113
       7.2.1      DLA Troop Support - Outer Tactical Vests and Improved Outer Tactical Vests procurement program 113
       7.2.2      Uniform Integrated Protection Ensemble Program ................................................................................. 114
       7.2.3      Modular Bullet Proof Vests Procurement ............................................................................................... 114
    7.3 Protective Headgear .....................................................................................................................115
       7.3.1      Next Generation Combat Helmet program ............................................................................................. 115
       7.3.2      US foliage green advanced combat helmets program ........................................................................... 116
       7.3.3      Australian Better Combat Helmets Program .......................................................................................... 116

8      Competitive Landscape and Strategic Insights .............................................................. 117
    8.1 Competitive Landscape overview ..................................................................................................117
       8.1.1      Ceradyne Inc.: Overview ........................................................................................................................ 119
       8.1.2      Ceradyne Inc.: Products and Services ................................................................................................... 119
       8.1.3      Ceradyne Inc.: Alliances ......................................................................................................................... 119
       8.1.4      Ceradyne Inc.: Recent Contract Wins .................................................................................................... 119
       8.1.5      Ceradyne Inc.: Financial Analysis .......................................................................................................... 120
       8.1.6      Protective Products Enterprises: Overview ............................................................................................ 122
       8.1.7      Protective Products Enterprises: Products and Services ....................................................................... 122
       8.1.8      Protective Products Enterprises: Alliances ............................................................................................. 122
       8.1.9      Protective Products Enterprises: Recent Contract Wins ........................................................................ 122
       8.1.10 Protective Products Enterprises: Financial Analysis .............................................................................. 122
       8.1.11 Ballistic Body Armour: Overview ............................................................................................................ 123
       8.1.12 Ballistic Body Armour: Products and Services ....................................................................................... 123




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    www.strategicdefenceintelligence.com                                                       icdreports@progressivedigitalmedia.com
The Global Body Armor and Personal Protection Market 2012–2022

    8.1.13 Ballistic Body Armour: Alliances ............................................................................................................. 123
    8.1.14 Ballistic Body Armour: Recent Contract Wins ........................................................................................ 123
    8.1.15 Ballistic Body Armour: Financial Analysis ............................................................................................... 123
    8.1.16 Combat Clothing Australia: Overview ..................................................................................................... 124
    8.1.17 Combat Clothing Australia: Products and Services ................................................................................ 124
    8.1.18 Combat Clothing Australia: Alliances ..................................................................................................... 124
    8.1.19 Combat Clothing Australia: Recent Contract Wins ................................................................................. 124
    8.1.20 Combat Clothing Australia: Financial Analysis ....................................................................................... 124
    8.1.21 ArmorSource: Overview.......................................................................................................................... 125
    8.1.22 ArmourSource: Products and Services .................................................................................................. 125
    8.1.23 ArmourSource: Alliances ........................................................................................................................ 126
    8.1.24 ArmourSource: Recent Contract Wins ................................................................................................... 126
    8.1.25 ArmorSource: Financial Analysis ............................................................................................................ 126
    8.1.26 BAE Systems: Overview ......................................................................................................................... 127
    8.1.27 BAE Systems: Products and Services .................................................................................................... 127
    8.1.28 BAE Systems: Alliances ......................................................................................................................... 127
    8.1.29 BAE Systems: Recent Contract Wins..................................................................................................... 128
    8.1.30 BAE Systems: Financial Analysis ........................................................................................................... 129
    8.1.31 Honeywell: Overview .............................................................................................................................. 131
    8.1.32 Honeywell: Products and Services ......................................................................................................... 131
    8.1.33 Honeywell: Alliances ............................................................................................................................... 131
    8.1.34 Honeywell: Recent Contract Wins .......................................................................................................... 131
    8.1.35 Honeywell: Financial Analysis ................................................................................................................ 132
    8.1.36 Survitec Group Limited: Overview .......................................................................................................... 134
    8.1.37 Survitec Group Limited: Products and Services ..................................................................................... 134
    8.1.38 Survitec Group Limited: Alliances ........................................................................................................... 134
    8.1.39 Survitec Group Limited: Recent Contract Wins ...................................................................................... 135
    8.1.40 Survitec Group Limited: Financial Analysis ............................................................................................ 135
    8.1.41 Plasan Sasa Composite Materials: Overview......................................................................................... 136
    8.1.42 Plasan Sasa Composite Materials: Products and Services ................................................................... 136
    8.1.43 Plasan Sasa Composite Materials: Alliances ......................................................................................... 136
    8.1.44 Plasan Sasa Composite Materials: Recent Contract Wins .................................................................... 136
    8.1.45 Plasan Sasa Composite Materials: Financial Analysis ........................................................................... 136
    8.1.46 Anjani Technoplast: Overview ................................................................................................................ 137
    8.1.47 Anjani Technoplast: Products and Services ........................................................................................... 137
    8.1.48 Anjani Technoplast: Recent Announcements and Strategic Initiatives .................................................. 137
    8.1.49 Anjani Technoplast: Alliances ................................................................................................................. 137




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  www.strategicdefenceintelligence.com                                                icdreports@progressivedigitalmedia.com
The Global Body Armor and Personal Protection Market 2012–2022

       8.1.50 Anjani Technoplast: Recent Contract Wins ............................................................................................ 137
       8.1.51 Anjani Technoplast: Financial Analysis .................................................................................................. 137
       8.1.52 M Cubed Technologies: Overview .......................................................................................................... 138
       8.1.53 M Cubed Technologies: Products and Services .............................
				
DOCUMENT INFO
Description: "Product Synopsis This report is the result of ICD Research / Strategic Defence Intelligence’s extensive market and company research covering the global body armor and personal protection industry. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and key news. Introduction and Landscape Why was the report written? “The Global Body Armor and Personal Protection Market 2012–2022” offers the reader detailed analysis of the global body armor and personal protection market over the next ten years, alongside potential market opportunities to enter the industry, using detailed market size forecasts. What is the current market landscape and what is changing? 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$19.4 billion during the forecast period. The market is expected to be dominated by North America, followed by Europe and Asia-Pacific. 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. What are the key drivers behind recent market changes? The global body armor and personal protection market is currently characterized by rapidly growing demand and not enough supply. Since combat operations began in Iraq and Afghanistan, the US and allied forces have borne the brunt of frequent and deadly attacks from insurgents using various weapons such as improvised explosive devices (IED), mortars, rocket launchers, and increasingly lethal ballistic threats. What makes
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