Body Armor Plates Market Share, Opportunities, Industry 2030

Report Description

The global body armor plates market size is projected to register a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing incidence of territorial disputes and growing investment in defense expenditure worldwide.

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A person's body armor plates are defensive armor plates that are fitted into a carrier or bulletproof vest and can defend by themselves or enhance the vest's protection. These are metal shields that were once used to protect soldiers' bodies during battle. Furthermore, these are generally used in bullet-resistant vests to provide additional protection from rifle and handgun rounds.

Moreover, armor plates are constructed of a combination of ceramics and bullet-resistant textiles. Armor made of ceramic hard plate can withstand rifle and armor-piercing bullets. Hence, this improves safety and eliminates any bullet injury to the human body in a combat situation.

Additionally, body armor is becoming more common in modern times, as security guards, police officers, and other individuals use it to reduce traumatic injuries and defend themselves from unforeseen deadly dangers.

The COVID-19 pandemic has had a dramatic impact on the daily lives of billions of people all around the world. The social distancing and organization’s operational shutdown measures have been established to slowdown the spread. Furthermore, the virus's and containment measures' effects have been felt on both the supply and demand sides of the economy, resulting in substantial drops in global economic production. In addition, manufacturing activities have been significantly impacted due to the temporary shutdown of production units in several weapon and tactical gear exporting countries.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing number of terrorism threat along with growing use of lethal weapons by criminals is expected to upsurge the market growth in the coming years.
• Rising focus on border security by governing agencies of several countries is one of the major factors propelling the market expansion during the forecast period.
• Growing investment in advanced synthetic fibers to develop flexible, lightweight, and covert products for better protection is estimated to boost the market growth.
• Lack of adequate development in the area of body armor in less developed economies and less focus on advanced body armor plates are expected to hamper the market expansion.
• Growing geopolitical conflict, rising acts of violence & terrorism, and increasing safety concerns of armed forces are anticipated to offer great opportunity for market during the forecast period.

Scope of the Report

The report on the global body armor plates market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Defense segment is expected to grow at a rapid pace

Based on applications, the global body armor plates market is segregated as civilians, defense, and law enforcement protection. The defense segment is expected to grow at a rapid pace during the forecast period, owing to the rising demand for defense suits along with improved stabs & ballistic resistance for soldiers.

Moreover, in recent years, the number of military operations has been increased due to various reasons such as, hostile activities, growing terrorism, and frequent regional conflicts. Following these tragedies, developed economies such as, the United States, France, and Canada, are concentrating on improving personal protection for military forces and procuring bulletproof vests for their military personnel as a protection.

However, since the National Institute of Justice was instrumental in designing modern body armor for police officers, the law enforcement protection segment is anticipated to register a substantial growth during the forecast period due to the rising crimes and riots in various parts of civil society all around the world.

Composite ceramic segment is projected to expand at a considerable CAGR

On the basis of materials, the market is divided into ultra-high molecular weight polyethylene (UHMWPE), composite ceramic, aramid, steel, and others. The composite ceramic segment is projected to expand at a considerable CAGR due to its superior thermal stability.

Moreover, alumina ceramic plates are mostly given to people stationed in regions where great temperature resistance is required. Furthermore, silicon carbide is also utilized to make ceramic plates in some circumstances. Ceramic plates with this design, on the other hand, are more expensive than alumina ceramic.

However, the steel segment is anticipated to expand significantly in the coming years. One of the most widely utilized materials for protective shields and plates is responsible for the segment growth. In addition, steel is being cost-effective and can provide protection against a variety of bullets and missiles. Furthermore, a steel plate can be hidden behind the user's clothing, making it ideal for a Very Important Person (VIP).

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Level IV segment is estimated to gain a large revenue share

Based on levels, the global body armor plates market is segmented into level IV, level III, level II, level IIA, and level IIIA. The Level IV segment is estimated to gain a large revenue share during the forecast period.

The adoption of the final version of National Institute of Justice (NIJ) Standard 0101.07 is expected to improve ballistic resistance test techniques and performance standards. Furthermore, the new NIJ standard is planned to introduce new threat levels for rifle protection. Thus, aforementioned factors are driving the segment growth in the coming years.

North America is anticipated to constitute a key market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key market share during the forecast period, owing to the ongoing government military projects such as the Extremity Protection program and the Soldier Protection System-Torso, which provide full body armor to the armed services.

Furthermore, the area is home to leading countries that control the worldwide market for military expenditure. For example, the United States spent approximately USD 731.56 billion on its military in 2019. With such a large budget for military applications and services, the development and acceptance of armor plates in the North American market has been accelerated.

However, the market of Asia Pacific is projected to gain a large revenue share during the forecast period due to the rising unprecedented clashes and armed standoffs particularly on the Indo-China border.

Moreover, a large number of active military soldiers in the region demands the adoption of upgraded body armor for their protection. As a result of this, India is a major exporter of protective helmets and innovative ballistic vests to over 250 forces in over 100 nations, including the militaries of the United Kingdom, Germany, Spain, and France along with the Japanese and American police forces.

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