Demand for Body Armor Set for a Massive Hit in and Post 2020, with Corona Virus Outbreak Projected to Threaten Global Market - PowerPoint PPT Presentation

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Demand for Body Armor Set for a Massive Hit in and Post 2020, with Corona Virus Outbreak Projected to Threaten Global Market

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The global body armor market is projected to reach ~US$ 3,231 Mn by the end of 2029. The market was valued at ~US$ 1,946 Mn in 2019. If these figures hold true, the market will exhibit a CAGR of ~5.2% between 2019 and 2029. Regionally, North America is expected dominate the market. However during the forecast period, East Asia will exhibit more lucrative growth opportunities. In terms of product type, the market can be classified into soft, hard and accessories. The soft body armor is expected to increase the market share as technological innovations and modernization initiatives prompt security agencies and military forces to opt for the latest equipment. – PowerPoint PPT presentation

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Provided by: Umesh213
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