Overview and Scope
Body armor plates refer to strong plates with a ceramic front or shaped steel sheets composed of compressed polyethylene. It is a vital piece of safety equipment used by law enforcement and prison personnel for personal protection.
Sizing and Forecast
The body armor plates market size has grown strongly in recent years. It will grow from $1.98 billion in 2023 to $2.09 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to military modernization programs, law enforcement upgrades, rising threats and conflicts, terrorism concerns, industrial applications.
The body armor plates market size is expected to see strong growth in the next few years. It will grow to $2.58 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to global security challenges, law enforcement reforms, rising urban warfare, commercial sector uptake, technological innovations. Major trends in the forecast period include enhanced ballistic protection standards, development of flexible and contour-shaped plates, integration of smart technologies, rise in demand for special threat plates, strategic collaborations for research and development.
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Segmentation & Regional Insights
The body armor plates market covered in this report is segmented –
1) By Material: UHMWPE, Steel, Aramid, Composite Ceramic, Other Materials
2) By Level: Level II, Level IIA, Level III, Level IIIA, Level IV, Other Levels
3) By Application: Defense, Law Enforcement Protection, Civilians, Other Applications
North America was the largest region in the body global body armor plates market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the body armor plates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising terrorism is expected to boost the growth of the body armor plates market going forward. Terrorism refers to an act of violence that would put others in danger while showing a blatant disdain for the harm it would do. Body armor plates can break up or capture bullets during any terrorist attack. Hence, rising terrorism is contributing to the growth of the body armor plates market. For instance, according to a report published by the Center for Strategic and International Studies (CSIS), a US-based non-profit organization, in 2022, terrorist acts and conspiracies in the United States increased to 47% in 2020 and 53% in 2021. 43% of all attacks in 2021’s domestic terrorism were directed toward the government, armed forces, and particularly law enforcement. Therefore, the rising terrorism is driving the growth of the body armor plates market.
Key Industry Players
Major companies operating in the body armor plates market report are Armored Republic LLC, BAE Systems, Ceradyne Inc., Craig International Ballistics Pty Ltd, Helweg International, Kejo Limited Company, Pacific Safety Products, Safariland LLC, Point Blank Enterprises Inc, Ace Link Armor, Adept Armor, Canadian Armour Ltd., EnGarde body armor, Safevest LLC et al., Automotive Armor Manufacturing, Aegis Engineering Ltd, Ballistic Body Armour Pty., Lanxess AG, I G Petrochemicals Ltd., Sinteza SA, Srihari Chemicals, Nantong Haiers, Huangshi Taihua Industry, Novaphene, Huayin Jinqiancheng, Yash Rasayan & Chemicals, TenCate Advanced Armor, Tough Hook, Infidel Body Armor, Spartan Armor Systems, Chase Tactical, Tactical Scorpion Gear
The body armor plates market report table of contents includes:
1. Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
……..
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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