USD 1.79 billion
Global Body Armor Plates Market Size, Share, Growth Analysis, By Level(Level IIA, Level II), By Material(Steel, UHMWPE), By Application(Defense, Law enforcement protection) - Industry Forecast 2024-2031
Report ID:
SQMIG20A2192 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
94 |
Figures:
67
Global Body Armor Plates Market Insights
Global Body Armor Plates Market size was valued at USD 1.79 billion in 2022 and is poised to grow from USD 1.88 billion in 2023 to USD 2.75 billion by 2031, at a CAGR of 4.9% during the forecast period (2024-2031).
The global market for body armor plates has experienced significant growth in recent years, driven by increasing security concerns and the rising demand for personal protective equipment (PPE). Body armor plates are an integral part of modern armor systems and are designed to offer enhanced protection against ballistic threats. One of the key factors driving market growth is the growing focus on soldier modernization programs across various countries.
Governments and defense organizations are investing heavily in upgrading the protective gear of their military personnel, leading to a higher adoption of body armor plates. Additionally, law enforcement agencies are also equipping their personnel with advanced body armor plates to enhance officer safety during high-risk operations. The rise in terrorist activities, armed conflicts, and cross-border tensions has further fuelled the demand for body armor plates in regions such as North America, Europe, Asia-Pacific, and the Middle East. The need for protection against firearms, explosives, and other lethal weapons has prompted defense and security forces, as well as civilians in these regions, to invest in body armor solutions.
However, the market also faces some challenges that can impact its growth trajectory. One of the key challenges is the high cost associated with advanced body armor plates. The integration of innovative technologies, lightweight materials, and rigorous testing procedures increase the production cost, making these plates relatively expensive. This cost factor can limit the adoption of body armor plates, especially in price-sensitive markets. Moreover, the stringent regulations and standards imposed by various governing bodies regarding the manufacturing, testing, and certification of body armor plates can pose challenges for market players. Compliance with these regulations requires significant investments in research and development, manufacturing capabilities, and testing facilities, which can be a barrier to entry for new players.
Another factor to consider is the continuous evolution of ballistic threats. As new weapon technologies emerge, body armor plates must adapt and evolve to provide effective protection. This necessitates ongoing research and development efforts to stay ahead of emerging threats and ensure the reliability and efficiency of body armor plates.
US Body Armor Plates Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Defense
Fastest Growth
Law Enforcement Protection
Growth Rate
4.9% CAGR
Global Body Armor Plates Market ($ Bn)
Country Share for North America Region (%)
Global Body Armor Plates Market By Application ($ Bn)
Global Body Armor Plates Market By Application (%)
To get more reports on the above market click here to Buy The Report
Global Body Armor Plates Market Segmental Analysis
The global body armor plates market is segmented on the basis of level, material, application, and region. By level, the market is segmented into level IIA, level II, level IIIA, level III, level IV. By material, the market is segmented into steel, UHMWPE, aramid, composite ceramic, and others. By application, the market is segmented into defense, law enforcement protection, civilians. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Body Armor Plates Market Analysis by Product Type
The composite ceramic material segment took the lead in the market, capturing the largest share of global revenue, accounting for over 34%. This significant share can be attributed to the prevalence of alumina ceramic among armor manufacturers, as it provides superior thermal stability. Therefore, alumina ceramic plates are primarily supplied to personnel deployed in areas where resistance to high temperatures is crucial. In some cases, silicon carbide is also utilized in the production of ceramic plates. However, custom-designed ceramic plates tend to be more expensive compared to alumina ceramic. Moreover, SINTX Technologies, Inc. also acquired a technology license agreement with Precision Ceramics USA, a provider of ceramic components. These strategic moves aim to enable the company to develop enhanced body armor plates, aircraft, and armored vehicles.
On the other hand, the "others" segment is expected to achieve the highest compound annual growth rate (CAGR) over the forecast period. This segment encompasses materials such as metal, plastic, and nanomaterials, which are commonly used for protection shields and plate materials. Furthermore, these materials are cost-effective and offer protection against various types of rounds and projectiles. Additionally, an armored plate can be discreetly concealed under the user's clothing, making it suitable for individual use.
Body Armor Plates Market Analysis By Application
The defense application segment emerged as the dominant force in the industry, capturing more than 54% of the global revenue. This significant share can be attributed to the growing necessity for defense suits that offer improved ballistic and stab resistance for soldiers. Developed countries such as the U.S., France, and Canada place a strong emphasis on enhancing personal protection for their armed forces. As a result, they are focusing on upgrading traditional body armor capabilities and protective headgear. An example of this is N.P. Aerospace, a provider of advanced and high-performance armor systems, which delivered and manufactured 20,000 life-saving carrier vests and body armor plates for Ukraine's military personnel.
The law enforcement protection segment is projected to experience the second-highest growth rate. The National Institute of Justice (NIJ) has played a pivotal role in developing modern body armor for police officers. Additionally, the increasing instances of crime and riots across different parts of civil society worldwide are driving the demand for these products in various law enforcement agencies. For instance, the St. Clair police department in the U.S. has made body armor mandatory for most police officers during area patrolling.
Global Body Armor Plates Market By Application, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Body Armor Plates Market Regional Insights
The North American market took the lead, representing more than 32% of the total global revenue in 2022. The region's government has implemented military programs like the Extremity Protection Program (EPP) and Soldier Protection System-Torso (SPS-T), which supply comprehensive body armor to the armed forces. For instance, the EPP focuses on enhancing protection for soldiers' limbs, while the SPS-T aims to provide advanced torso protection. These initiatives are expected to have a cascading effect on the market by stimulating innovation and investment in protective gear, ultimately driving growth in the regional market.
Asia-Pacific is projected to experience the highest compound annual growth rate (CAGR). This can be attributed to the extensive modernization efforts of conventional systems and the escalating warfare and border disputes in countries such as China, India, and South Korea, which generate a demand for protection equipment plates in the region. These nations are heavily investing in their military capabilities, including the development and acquisition of advanced protection equipment. Moreover, the Asia-Pacific region is in need of personal protection for ground troops, and the government's consistent investments in acquiring competitive arms and personal protection equipment are anticipated to further boost the growth of the regional market.
Global Body Armor Plates Market By Region, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Body Armor Plates Market Dynamics
Body Armor Plates Market Drivers
Rising Military Expenditures
- The growing demand for body armor plates is driven by the increase in military expenditure by various countries, which is a part of the broader defense industry. Factors such as the escalation of war threats, political conflicts, and tensions between countries contribute to the heightened military spending. Nations like Russia, Brazil, and India have ramped up their defense sector budgets to enhance overall national security. For instance, according to the Indian government's Union Budget, defense spending in India has been increased. India's defense sector is expected to continue expanding in the upcoming years, with a focus on self-reliance and the indigenization of defense production.
Simultaneously, the United States and China hold the top positions in military spending. The increased expenditures on the defense sector by numerous governments have a significant impact on the growth of the body armor plates market, as it generates a higher demand for advanced military equipment. Military personnel require body armor plates for various applications, ranging from peacekeeping missions to combat operations.
Body Armor Plates Market Restraints
High-cost Manufacturing of Body Armor Plates
- The technology and manufacturing processes involved in producing armored items are costly. Moreover, investments in research and development, trial procedures, and raw materials further contribute to the production expenses of body armor plates. The high production costs associated with ballistic protection items pose a challenge for underdeveloped or economically weaker countries to invest in such products. Additionally, many small-scale players find it difficult to enter the market due to the financial burden imposed by the high costs. These elevated costs can limit the adoption of body armor plates, particularly among individual consumers or smaller law enforcement agencies operating with limited budgets. Therefore, the production cost or initial investment required for manufacturing ballistic protection equipment acts as a barrier to the market's growth.
Request Free Customization of this report to help us to meet your business objectives.
Global Body Armor Plates Market Competitive Landscape
The global body armor plates market is highly competitive, driven by factors such as product innovation, research and development, manufacturing capabilities, compliance with standards, strategic partnerships, geographic presence, and customer relationships. Players in the market strive to offer diverse and advanced products, invest in R&D, maintain strong manufacturing capabilities, comply with regulations, form collaborations, establish a global presence, and prioritize customer satisfaction. The competitive landscape continuously evolves as companies aim to stay ahead and meet the evolving needs of the market.
Body Armor Plates Market Top Player’s Company Profile
- AEGIS Engineering Systems - US
- Armored Republic, LLC. - US
- BAE Systems - UK
- Ballistic Body Armour Pty. – South Africa
- Ceradyne Inc. (Subsidiary of 3M) - US
- Craig International Ballistics Pty. Ltd. - Australia
- Hellweg International - Australia
- Kejo Limited Company - US
- Pacific Safety Products - Canada
- Point Blank Enterprises, Inc - US
- Safariland, LLC - United States
Body Armor Plates Market Recent Developments
-
In March 2024, NT Cera specialize in designing, manufacturing, and supplying high-performance ceramics for personal and vehicle protection to industry partners who cater to U.S. military, law enforcement, and security organizations.
-
In November 2023, Integris Composites launched customizable ballistic shields and vests at Milipol Paris.
-
In January 2024, Famae and NFM Group revealed advanced ballistic vests.
-
In July 2023, Prime Minister Modi's visit on Bastille Day and MKU's innovative Kavro TAC-II (FR) Plate Carrier marks a significant advancement in the Indo-French defense partnership.
Global Body Armor Plates Key Market Trends
- Growing Demand from Law Enforcement and Security Sectors: The need for personal protection equipment (PPE) is increasing in law enforcement, security, and civilian sectors due to rising concerns about safety and security. This is driving the demand for body armor plates to protect individuals working in high-risk environments, such as police officers, security personnel, and private contractors.
Global Body Armor Plates Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, the global body armor plates market is witnessing steady growth and significant advancements in technology. North America currently holds a dominant position in the market, driven by increased defense spending, law enforcement requirements, and the presence of key manufacturers. The region's focus on soldier modernization programs and the need for enhanced personal protection equipment contribute to its market dominance. On the other hand, the Asia Pacific region is emerging as the fastest-growing market for body armor plates. Rising security concerns, increasing defense budgets, and ongoing military modernization efforts in countries like China and India are propelling the demand for body armor plates in the region. Additionally, the growing presence of law enforcement agencies and private security firms further boosts market growth. As the industry continues to evolve, manufacturers are expected to prioritize lightweight materials, customization options, and technological advancements to cater to the specific needs of end-users in both regions and capitalize on the opportunities presented by the global body armor plates market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.79 billion |
| Market size value in 2031 | USD 2.75 billion |
| Growth Rate | 4.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Body Armor Plates Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Body Armor Plates Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Body Armor Plates Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Body Armor Plates Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Body Armor Plates Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Body Armor Plates Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Body Armor Plates Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
