Global Body Armor Plates Market Size Study & Forecast, by Level, By Application, By Material and Regional Analysis, 2023-2030

Description

List of Tables

Global Body Armor Plates Market is valued approximately at USD 1.89 billion in 2022 and is anticipated to grow with a growth rate of more than 5.5% over the forecast period 2023-2030. In protective suits, the body armor plates act as shields and add an additional layer of protection. They are frequently built up of a combination of ceramics and materials that can withstand being shot at. These are widely used in bulletproof vests to help guard against rifle and handgun rounds. The demand for armor plates has substantially increased as a result of the rise in territorial disputes between countries throughout the world. Furthermore, the growing demand for protective shields among civilians has propelled the market expansion across the globe.

The growing demand for body armor plates as part of the larger defense sector is driven by the rise in military spending across the globe. According to the Stockholm International Peace Research Institute, world military expenditure rose by 3.7 percent in 2022, and is projected to reach a record high of USD2240 billion. Global spending grew by 19 percent over the decade 2013-22 and has risen every year since 2015. Over the forecast period, the market expansion is anticipated to be fueled by technical advancements in the manufacturing processes of body armor plates and an increasing availability of lightweight body armor globally. However, the adoption of body armor plates may be constrained by their expensive price, especially by low-budget law enforcement organizations or private consumers which in turn stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Body Armor Plates Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022. The armed forces receive full body armor from the government through programs like the Soldier Protection System-Torso (SPS-T) and Extremity Protection Programme (EPP). For instance, the SPS-T attempts to provide improved torso protection while the EPP concentrates on boosting protection for soldiers' arms and legs. By encouraging innovation and investment in protective gear, these programs have the potential to have a significant market impact and are projected to spur market expansion in the local area. Asia Pacific is expected to be the fastest growing region during the projection period as the market for protection equipment plates in this region is driven by the extensive modernization efforts of conventional systems and the rise in armed conflict and border conflicts in nations with economies such as China, India, and South Korea. These nations are making significant investments in their arsenal of weapons, which includes creating and obtaining cutting-edge armor plates. Additionally, the requirement for providing personal protection to ground soldiers in the Asia Pacific area, together with consistent government spending in the acquisition of competitive armaments and personal protection gear, is anticipated to fuel regional market expansion.

Major market players included in this report are:

AEGIS Engineering Systems
Armored Republic, LLC
BAE Systems
Ceradyne Inc. (Subsidiary of 3M)
Hellweg International
Ballistic Body Armour Pty.
Craig International Ballistics Pty. Ltd.
Pacific Safety Products
Point Blank Enterprises, Inc.
Safariland, LLC

Recent Developments in the Market:

In January 2023, a major international supplier of ballistic and armored protection, NT Armor, joined the American market by being an exhibitor at the Las Vegas SHOT Show in 2023. The international armor and police enforcement industry trade event is called SHOT. With this entry, The NT Armor expects to expand its customer base and partner network in the American market.
In January 2023, TenCate, a well-known business situated in Virginia, recently unveiled its most recent and cutting-edge body armor plate. The recently released body armour plate uses the company's own Trauma Reduction Technology to lessen heat stress. Thinner plates are now more effective with rifle bullets thanks to this technology.
In January 2023, headquartered in California, FoxFury Lighting Solutions launched the Taker B52 shield light for armoured plates. The lights are retrofittable and can be installed easily on armoured shields and plates. Taker B52 offers light-changing options for better visibility and aims to provide proper night vision for army troops.

Global Body Armor Plates Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Level, Application, Material, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Level:

Level IIA
Level II
Level IIIA
Level III
Level IV

By Application:

Defense
Law Enforcement Protection
Civilians

By Material:

Steel
Aramid
Composite Ceramic
UHMWPE
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Body Armor Plates Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Body Armor Plates Market, by Level, 2020-2030 (USD Billion)
- 1.2.3. Body Armor Plates Market, by Application, 2020-2030 (USD Billion)
- 1.2.4. Body Armor Plates Market, by Material, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Body Armor Plates Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Body Armor Plates Market Dynamics

3.1. Body Armor Plates Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rise in territorial disputes
  - 3.1.1.2. Rise in military spending across the globe
  - 3.1.1.3. Increasing adoption of body Armor plates
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Body Armor Plates
- 3.1.3. Market Opportunities
  - 3.1.3.1. Advancements in technology in manufacturing processes of body armors
  - 3.1.3.2. Increase in the availability of lightweight body armor

Chapter 4. Global Body Armor Plates Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Body Armor Plates Market, by Level

5.1. Market Snapshot
5.2. Global Body Armor Plates Market by Level, Performance - Potential Analysis
5.3. Global Body Armor Plates Market Estimates & Forecasts by Level 2020-2030 (USD Billion)
5.4. Body Armor Plates Market, Sub Segment Analysis
- 5.4.1. Level IIA
- 5.4.2. Level II
- 5.4.3. Level IIIA
- 5.4.4. Level III
- 5.4.5. Level IV

Chapter 6. Global Body Armor Plates Market, by Application

6.1. Market Snapshot
6.2. Global Body Armor Plates Market by Application, Performance - Potential Analysis
6.3. Global Body Armor Plates Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Body Armor Plates Market, Sub Segment Analysis
- 6.4.1. Defence
- 6.4.2. Law Enforcement Protection
- 6.4.3. Civilian

Chapter 7. Global Body Armor Plates Market, by Material

7.1. Market Snapshot
7.2. Global Body Armor Plates Market by Material, Performance - Potential Analysis
7.3. Global Body Armor Plates Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
7.4. Body Armor Plates Market, Sub Segment Analysis
- 7.4.1. Steel
- 7.4.2. Aramid
- 7.4.3. Composite Ceramic
- 7.4.4. UHMWPE
- 7.4.5. Others

Chapter 8. Global Body Armor Plates Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Body Armor Plates Market, Regional Market Snapshot
8.4. North America Body Armor Plates Market
- 8.4.1. U.S. Body Armor Plates Market
  - 8.4.1.1. Level breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Material breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Body Armor Plates Market
8.5. Europe Body Armor Plates Market Snapshot
- 8.5.1. U.K. Body Armor Plates Market
- 8.5.2. Germany Body Armor Plates Market
- 8.5.3. France Body Armor Plates Market
- 8.5.4. Spain Body Armor Plates Market
- 8.5.5. Italy Body Armor Plates Market
- 8.5.6. Rest of Europe Body Armor Plates Market
8.6. Asia-Pacific Body Armor Plates Market Snapshot
- 8.6.1. China Body Armor Plates Market
- 8.6.2. India Body Armor Plates Market
- 8.6.3. Japan Body Armor Plates Market
- 8.6.4. Australia Body Armor Plates Market
- 8.6.5. South Korea Body Armor Plates Market
- 8.6.6. Rest of Asia Pacific Body Armor Plates Market
8.7. Latin America Body Armor Plates Market Snapshot
- 8.7.1. Brazil Body Armor Plates Market
- 8.7.2. Mexico Body Armor Plates Market
8.8. Middle East & Africa Body Armor Plates Market
- 8.8.1. Saudi Arabia Body Armor Plates Market
- 8.8.2. South Africa Body Armor Plates Market
- 8.8.3. Rest of Middle East & Africa Body Armor Plates Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. AEGIS Engineering Systems
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Armored Republic, LLC
- 9.3.3. BAE Systems
- 9.3.4. Ceradyne Inc. (Subsidiary of 3M)
- 9.3.5. Hellweg International
- 9.3.6. Ballistic Body Armour Pty.
- 9.3.7. Craig International Ballistics Pty. Ltd.
- 9.3.8. Pacific Safety Products
- 9.3.9. Point Blank Enterprises, Inc.
- 9.3.10. Safariland, LLC

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Body Armor Plates Market, report scope
TABLE 2. Global Body Armor Plates Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Body Armor Plates Market estimates & forecasts by Level 2020-2030 (USD Billion)
TABLE 4. Global Body Armor Plates Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Body Armor Plates Market estimates & forecasts by Material 2020-2030 (USD Billion)
TABLE 6. Global Body Armor Plates Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Body Armor Plates Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Body Armor Plates Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Body Armor Plates Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Body Armor Plates Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Body Armor Plates Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Body Armor Plates Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Body Armor Plates Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Body Armor Plates Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Body Armor Plates Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Body Armor Plates Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Body Armor Plates Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Body Armor Plates Market
TABLE 71. List of primary sources, used in the study of global Body Armor Plates Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Body Armor Plates Market, research methodology
FIG 2. Global Body Armor Plates Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Body Armor Plates Market, key trends 2022
FIG 5. Global Body Armor Plates Market, growth prospects 2023-2030
FIG 6. Global Body Armor Plates Market, porters 5 force model
FIG 7. Global Body Armor Plates Market, pest analysis
FIG 8. Global Body Armor Plates Market, value chain analysis
FIG 9. Global Body Armor Plates Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Body Armor Plates Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Body Armor Plates Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Body Armor Plates Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Body Armor Plates Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Body Armor Plates Market, regional snapshot 2020 & 2030
FIG 15. North America Body Armor Plates Market 2020 & 2030 (USD Billion)
FIG 16. Europe Body Armor Plates Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Body Armor Plates Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Body Armor Plates Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Body Armor Plates Market 2020 & 2030 (USD Billion)