Body Armor Plates Market Trends 2024-2033: Outlook and Insights

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Body Armor Plates Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.58 billion In 2028 At A CAGR Of 5.4% :

The body armor plates market size 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 in the historic period can be attributed to military modernization programs, law enforcement upgrades, rising threats and conflicts, terrorism concerns, industrial applications..

The body armor plates market size 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 growth in the forecast period can be attributed to global security challenges, law enforcement reforms, rising urban warfare, commercial sector uptake, technological innovations.. Major trends in the forecast period include enhanced ballistic protection standards, development of flexible and contour-shaped plates, integration of smart technologies, rise in demand for special threat plates, strategic collaborations for research and development..

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Body Armor Plates Market Major Segments
The body armor plates market covered in this report is segmented -

1) By Material: UHMWPE, Steel, Aramid, Composite Ceramic, Other Materials
2) By Level: Level II, Level IIA, Level III, Level IIIA, Level IV, Other Levels
3) By Application: Defense, Law Enforcement Protection, Civilians, Other Applications

Key Driver - The Surge In Terrorism Boosting Body Armor Plates Market

The rising terrorism is expected to boost the growth of the body armor plates market going forward. Terrorism refers to an act of violence that would put others in danger while showing a blatant disdain for the harm it would do. Body armor plates can break up or capture bullets during any terrorist attack. Hence, rising terrorism is contributing to the growth of the body armor plates market. For instance, according to a report published by the Center for Strategic and International Studies (CSIS), a US-based non-profit organization, in 2022, terrorist acts and conspiracies in the United States increased to 47% in 2020 and 53% in 2021. 43% of all attacks in 2021's domestic terrorism were directed toward the government, armed forces, and particularly law enforcement. Therefore, the rising terrorism is driving the growth of the body armor plates market.

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Prominent Trend - Leading Companies Push Boundaries With Product Innovations In Body Armor Plates

Product innovation is the key trend gaining popularity in the body armor plates market. Major companies operating in the body armor plates market are focusing on developing new products to lead the market. For instance, in January 2023, Koninklijke Ten Cate BV, a US-based manufacturer of military armor products for militaries and law enforcement agencies, launched Cratus Wave, a level 3 armor ballistic plate. The unique feature of this launch is the application of trauma reduction technology. It redistributes pressure waves between the wearer and the rigid body armor plates. This strategy lessens back face deformation, a condition where a projectile hit causes the opposite side of the armor to enlarge and produce blunt physiological stress to soldiers. Rapid energy dispersion lessens the force that results in blunt trauma.

Body Armor Plates Market Players
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

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Largest And Fastest Growing Region In The Market
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Body Armor Plates Market Report Structure
3. Body Armor Plates Market Trends And Strategies
4. Body Armor Plates Market - Macro Economic Scenario
5. Body Armor Plates Market Size And Growth
…..
27. Body Armor Plates Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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