South Korea Body Armor Market Size & Outlook, 2023-2030
South Korea body armor market, 2018-2030 (US$M)
Related Markets
South Korea body armor market highlights
- The South Korea body armor market generated a revenue of USD 108.7 million in 2023 and is expected to reach USD 176.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, level iv was the largest revenue generating protection level in 2023.
- Level II is the most lucrative protection level segment registering the fastest growth during the forecast period.
Body armor market data book summary
| Market revenue in 2023 | USD 108.7 million |
| Market revenue in 2030 | USD 176.7 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Level iv |
| Fastest growing segment | Level II |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Level IIA, Level II, Level IIIA, Level III, Level IV |
| Key market players worldwide | BAE Systems PLC, Ceradyne, Avon Protection PLC, Sarkar Tactical, The Safariland Group, Point Blank Enterprises, Elmon, Pacific Safety Products, EnGarde, Hellweg, Craig International Ballistics, International Armored Group |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.0% of the global body armor market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China body armor market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 284.8 million by 2030.
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Body Armor Market Scope
Body Armor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea body armor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to body armor market will help companies and investors design strategic landscapes.
Level iv was the largest segment with a revenue share of 26.31% in 2023. Horizon Databook has segmented the South Korea body armor market based on level iia, level ii, level iiia, level iii, level iv covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of South Korea body armor market databook
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Our clientele includes a mix of body armor market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea body armor market , including forecasts for subscribers. This country databook contains high-level insights into South Korea body armor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea body armor market size, by protection level, 2018-2030 (US$M)
South Korea Body Armor Market Outlook Share, 2023 & 2030 (US$M)
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