Body Armor Plates Market Growth & Trends
The global body armor plates market size is expected to reach USD 2.90 billion by 2030, registering a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The rising demand for armor suits from defense and law enforcement agencies worldwide increases the market growth. Also, emerging economies, such as India and China, are increasingly focusing on replacing legacy military equipment and increasing their defense budget. For instance, in February 2020, the People’s Liberation Army (PLA), an Armed force of China, the PLA has held open tenders to procure 467,000 units of protection shields for enhanced bulletproof vests and 930,000 units of protection shields for universal bulletproof vests.
The PLA has decided to procure protection armor due to cross-border conflicts with neighboring countries. Furthermore, the rising crime and riot instances in the civil part of society worldwide increase the need for personal security and safety among residents. Thus, the demand for protection plates increases, especially among jewelry store owners, embassy personnel overseas, executive protection personnel, and people residing in crime-prone areas. Moreover, several schools across the U.S. have been impacted by shootings in the past few years. The incidents have led to the deaths of many faculty members and students. Thus, various proposals have been made to use body armor for both the students and faculty members. For instance, bulletproof backpacks have been tested in the global market for use by students.
In recent years, the industry witnessed a surge in product demand due to its advanced lightweight feature, which gives comfort and flexibility with maximum protection. The new feature is garnering demand from a different armed forces wing. The use of lightweight materials, such as Ultra-High-Molecular-Weight Polyethylene (UHMWPE) has made body armor plates lighter and more comfortable to wear. This has also led to the development of thinner and more flexible plates, allowing for a greater range of motion. Overall, these advancements in body armor plate technology have greatly improved the protection and product functionality, making it an essential tool for those who face ballistic threats in their line of work.
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Body Armor Plates Market Report
Body Armor Plates Market Report Highlights
- Level IV body armor plate led the industry in 2022 accounting for over 25% share of the global revenue. Advances in materials and manufacturing techniques have made level IV tools more effective and more widely available. These improvements have also made the plates lighter, more comfortable, and more customizable
- The defense application segment dominated the industry and accounted for over 54% share of the global revenue in 2022. Body armor plates are an essential component of the Personal Protective Equipment (PPE) worn by soldiers in combat. These plates protect against ballistic threats, such as bullets and shrapnel, helping keep soldiers safe in the line of duty
- The composite ceramic material segment led the industry in 2022, accounting for over 34% share of the global revenue owing to the excellent ballistic properties of the material, which provides high levels of protection against gunfire and other ballistic threats
- North America was the dominant region in 2022 and held over 32% share of the global revenue. The region’s defense budget has increased over the years, leading to more spending on protective equipment, including body armor plates
