Body Armor Plates Global Market Report 2024

The body armor plates market 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 observed during the historical period can be attributed to several factors, including military modernization initiatives, upgrades in law enforcement capabilities, increased concerns regarding threats, conflicts, and terrorism, as well as the expanding use of these technologies in industrial applications.

The body armor plates market 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 projected growth in the forecast period can be linked to global security challenges, ongoing reforms in law enforcement, the escalation of urban warfare, increased adoption within the commercial sector, and continuous technological advancements.

The anticipated rise in terrorism is poised to fuel the growth of the body armor plates market in the coming years. Terrorism denotes violent actions that endanger lives, showing a blatant disregard for the harm caused. Body armor plates play a crucial role in mitigating bullets' impact during terrorist attacks, contributing to increased demand. As per the Center for Strategic and International Studies (CSIS) report of 2022, terrorist acts and conspiracies surged by 47% in 2020 and further by 53% in 2021 within the United States. Notably, 43% of attacks in 2021 targeted government bodies, armed forces, especially law enforcement, bolstering the demand for body armor plates.

The upsurge in crime rates is expected to drive the growth of the body armor plates market moving ahead. Increasing incidents of firearm-related crimes and violence have led to heightened adoption of body armor plates among civilians and law enforcement agencies, aiming to enhance personal safety. According to the Bureau of Justice Statistics (BJS) in September 2023, the rate of violent victimization escalated from 16.5 incidents per 1,000 individuals in 2021 to 23.5 per 1,000 in 2022. A significant portion, approximately 42%, of these violent victimizations were reported to law enforcement, thereby driving the demand for body armor plates.

Innovative product development emerges as a prominent trend within the body armor plates market. Key companies in this sector focus on creating new products to maintain their market positions. For instance, Koninklijke Ten Cate BV introduced the Cratus Wave in January 2023, featuring trauma reduction technology within a level 3 ballistic plate. This unique launch redistributes pressure waves, reducing back face deformation that can cause blunt physiological stress to wearers when projectiles hit, offering enhanced protection.

Prominent companies within the body armor plates market prioritize technological advancements, including thinner level 3 armor ballistic plates, to gain a competitive edge. TenCate Advanced Armor USA, Inc. announced the 'Cratus Wave' body armor plates in January 2023, integrating Trauma Reduction Technology to provide improved protection against rifle ammunition. This innovative technology relocates pressure waves between the hard plates and users, allowing thinner plates to be more effective while meeting Level III ballistic protection standards.

In January 2021, Sellmark Corporation, a prominent US-based producer of outdoor lifestyle products, successfully acquired BulletSafe for an undisclosed sum. This strategic move positions Sellmark's robust sales force to ensure widespread accessibility of BulletSafe's protective devices across police departments, security organizations, and individual consumers. BulletSafe, a US-based manufacturer, specializes in producing a range of protective gear including bulletproof vests, ballistic plates, bulletproof backpack panels, shields, gas masks, and other related products designed to enhance personal security and safety.

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.

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. The countries covered in the body armor plates market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

These plates primarily employ materials such as UHMWPE (ultra-high-molecular-weight polyethylene), steel, aramid, composite ceramic, and other composite materials. UHMWPE, a specific polyolefin fiber, offers comfort during prolonged patrols and facilitates swift movements at high speeds. Available in various levels such as II, IIa, III, IIIa, IV, and others, these plates find application in defense, law enforcement, civilian protection, and various other sectors. They provide varied levels of protection tailored to different needs within these sectors.

The body armor plates market research report provides body armor plates market statistics, including the body armor plates industry's global market size, regional shares, competitors with a body armor plates market share, detailed body armor plates market segments, market trends, and opportunities, and any further data you may need to thrive in the body armor plates industry. This body armor plates market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The body armor plates market consists of sales of materials such as body armor vests, soft armor plates, hard armor plates, concealed vests, full-body tactical armor, and related products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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