Body Armor Plates Market Size Matters Unlocking Market Growth Potential in 2030 | Aegis Engineering Ltd, Armored Republic

Body armor plates provides protection against stab and bullet threats. These plates are made from ultra-high-molecular-weight polyethylene or composites such as ceramics and are worn by military and law enforcement personnel.

The global body armor plates market size was valued at US$ 1.93 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030

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Market Dynamics:

The body armor plates market is expected to witness significant growth over the forecast period owing to growing threat of terrorism across the globe. Furthermore, government initiatives aimed at equipping security forces is also fueling the demand for body armor plates. For instance, in 2022, the US government awarded a contract worth $107 million to supply body armor plates to homeland security forces. Additionally, rising defense expenditure of emerging economies is also contributing towards the market growth. China's total defense spending rose by around 7.1% year-on-year in 2021.

Rising Adoption by Law Enforcement Agencies is Driving the Body Armor Plates Market

The increasing adoption of body armor plates by law enforcement agencies across the globe is a major driver for this market. Body armor plates provide crucial protection to law enforcement officials who deal with life-threatening situations on a daily basis. According to statistics, over 200 law enforcement officers died in the line of duty between 2014 to 2019 in the United States alone. This has prompted many law enforcement agencies to make ballistic-resistant body armor a mandatory part of the uniform. Several governments are also supporting this trend by providing subsidies and reimbursement programs to law enforcement agencies for the procurement of protective gear like body armor plates.

Key Company Profiles:

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

Market segmentation:

Global Body Armor Plates Market, By Level
Level IIA
Level II
Level IIIA
Level III
Level IV

Global Body Armor Plates Market, By Application
Defense
Law enforcement protection
Civilians

Global Body Armor Plates Market, By Material
Steel
UHMWPE
Aramid
Composite Ceramic
Others

Regional Analysis:

●North America (U.S., Canada)
● Europe (U.K., Italy, Germany, France, Rest of EU)
● Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
● Latin America (Chile, Brazil, Argentina, Rest of Latin America)
● Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Growing Demand from Military Personnel augments the Growth of Body Armor Plates Market

Military modernization programs underway in many countries have significantly boosted the demand for technologically advanced personal protective equipment including body armor plates. Soldiers deployed in combat zones are required to wear ballistic-resistant armor plates as a part of their battle dress uniform. The rising geopolitical tensions and increasing expenditure on defense technology will continue driving the need for protective gear with enhanced ballistic capabilities amongst military forces. Furthermore, the upgradation of existing body armor plates within the armed forces also contributes to the growing demand.

Restriction on the Use of Certain Heavy Metals Hampers Market Prospects

Many countries have imposed regulations restricting the use of certain heavy metals like lead and cadmium in the manufacturing of body armor plates due to their toxic nature. The regulations limit the permissible exposure levels for these substances during the production process as well as in the final products. While these heavy metals were commonly employed earlier owing to their density and ballistic protection capabilities, manufacturers now have to find alternatives. This transition to unleaded armor solutions increases production costs and complexities. The regulatory challenges surrounding heavy metals can negatively impact the future prospects of the body armor plates industry to a certain extent.

Technological Advancements in Material Science Open New Avenues

Body armor plate manufacturers are continuously investing in R&D to develop advanced materials with enhanced ballistic protection capabilities. Graphene, high-strength polyethylene fibers and ultra-high-molecular-weight polyethylene are some new materials being explored. These next-gen materials can withstand penetration from high-velocity projectiles while being lighter-weight than conventional ones. Some startups are working on 3D printed body armor as well using novel composites. Adoption of such innovative materials will allow the production of multi-threat maneuverable armor solutions. It is also expected to open new profitable opportunities for military, law enforcement as well as commercial protective equipment providers.

Evolution of Modular Design Philosophy Shapes Market Trends

Body armor plate manufacturers are shifting their design philosophy towards developing more modular and configurable armor solutions. Modular designs allow for easier integration of additional protective components like side plates, groin protectors or tactical accessories as per the user's requirements. It also facilitates upgrades by replacing only specific damaged or outdated components. Companies are offering options to customize coverage area, ballistic threat levels and weight distribution ergonomically. This evolution reflects the priorities of end-users towards functionality, customization as well as ease of serviceability and maintenance. The development of modular armor systems will drive lucrative business opportunities and shape future trends in the body armor plates market.

Key Questions in This Report:

How big is the world market for Body Armor Plates Market right now?

What is the anticipated rate of growth for the Body Armor Plates Market worldwide between 2023 and 2030?

What are the primary elements propelling the Body Armor Plates industry worldwide?

Which are the main kinds of Body Armor Plates Market and how are they used?

Which areas are the main Body Armor Plates Market?

Which companies/major players dominate the global Body Armor Plates Market?

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This release was published on openPR.