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  • Body Armor Plates Market Growth Analysis | 2023-2028

    Body Armor Plates Market Growth Analysis | 2023-2028

    Body Armor Plates Market Growth Analysis | 2023-2028
    Report code - SR2633 Published On : Jul,2023 No. of Pages: 140
    Body Armor Plates Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Op See more...

    Market Insights

    The Global Body Armor Plates Market was valued at USD 938.6 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2028.

    What are Body Armor Plates?

    Body armor plates, also known as ballistic plates or armor inserts, are protective panels that serve as shields and are designed to provide additional ballistic protection to the wearer’s torso against bullets and shrapnel. The primary usage of body armor plates is in personal protective equipment (PPE) for military, law enforcement, and security forces, as a person requires an additional layer of defense to their bulletproof vests against rifle and handgun rounds. These individuals face potential risks in their line of duty and require additional protection beyond what soft body armor can provide. Body armor plates are inserted into specially designed plate carriers or vests to create a protective barrier over the vital organs. These plates are commonly made from strong and durable materials such as ceramics, steel, or ultra-high-molecular-weight polyethylene (UHMWPE). These materials are chosen for their ability to absorb and dissipate the energy of a projectile, reducing the risk of injury to the wearer. The materials are engineered to withstand the impact of bullets and maintain their structural integrity, even after multiple hits.

    Market Dynamics

    Body armor plates are available in various types, sizes, and configurations to suit the different needs of users. They can be incorporated into different types of body armor carriers, such as vests, plate carriers, or tactical rigs. This versatility allows the users to choose the level of protection they require based on the threat level and their specific role. Moreover, several advancements in material technology have made these plates lighter and more comfortable to wear. This allows the users to maintain a higher level of mobility and flexibility during operations, reducing fatigue and enhancing overall performance. In addition, the manufacturers have lately been focused on the development of advanced body armor plates, which can provide additional personal protection, such as side panels, while maintaining the same level of protection and reducing the weight of individual inserts without any effect on the overall body armor weight.

    Recent Product Developments: All members of the armed services (Special Forces or police officers) use armor plates for personal safety and operational improvement. Therefore, it becomes paramount to develop advanced armor plates to protect the troops who heroically stand in the line of duty to defend their country. Some of these developments have been mentioned below:

    • In November 2022, TenCate Advanced Armour launched the Cratus Wave, a new thin Level III body armor ballistic plate with a patented design that redirects the pressure trapped between the wearer and the armor plates that are inserted into the front and back pockets of the body armor carriers, thereby, reducing the back face deformation.
    • In August 2021, KIHOMAC Armor Systems, a USA-based company, launched the Ceridium body armor plates. These ceramic plates are multi-curve, SAPI-cut, lightweight, and equipped with an avant-garde thermoplastic polyurethane spall cover. The spall cover enhances comfort and protection by providing waterproofness, mildew resistance, and UV protection.

    Recent Market JVs and Acquisitions:  There have been several strategic alliances, including M&As, JVs, etc., over the past few years. Some of them have been mentioned below:

    • In October 2019, HighCom Armor Solutions Inc., a US-based ballistic armor and armor plate manufacturer, was acquired by XTEK Group.
    • In February 2018KDH Defense merged with Armor Express, forming one of the biggest producers and suppliers of body armor, armor plates, and protective gear globally.

    Segments Analysis


    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Armor Type

    Soft Armor Plates and Hard Armor Plates

    Hard armor plates are estimated to be dominant, whereas soft body armor plates are likely to be the faster-growing armor type, during the forecast period.

    Product Type

    Stand Alone Armor Plates, Combined-Resistant Armor Plates, and ICW Armor Plates

    ICW armor plates are likely to be the dominant product category. In contrast, combined-resistant armor plates are expected to be the fastest-growing product type during the forecast period.

    Level of Protection Type

    Level IIIA, Level IIIA + SP/KR/SP-KR, Level III, Level IV, Level III + Level IIIA/Level II, and Level IV + Level IIIA/Level II

    Level IV + Level IIIA/Level II is anticipated to witness the highest demand, whereas level IIIA is likely to witness the fastest growth during the forecast period.

    Material Type

    Ceramic, UHMWPE, Aramid, and Others

    Ceramic is expected to remain the dominant while aramid is likely to be the fastest-growing material type during the forecast period.

    End-User Type

    Military, Homeland Security, and Commercial

    Military is likely to generate the largest market demand as well as is also likely to witness the fastest growth during the forecast period.

    Regional Analysis

    North America, Asia-Pacific, Europe, and The Rest of the World

    North America is expected to be the dominant market and Asia-Pacific is likely to be the fastest-growing market during the forecast period.


    By Armor Type

    The market is segmented into soft armor and hard armor plates. Hard armor plates are designed to stop rifle rounds and provide higher protection against armor-piercing ammunition. On the other hand, soft armor plates are designed to protect against lower-velocity handgun rounds and have limitations against armor-piercing ammunition. In addition, the hard armor plates are highly durable and resistant to wear and tear as compared to their soft armor counterparts. Moreover, they can withstand multiple hits without compromising their effectiveness. As a result, hard armor plates are likely to generate a larger demand from military and law enforcement users throughout the forecast period.

    By Product Type

    The market is segmented into ICW, combined-resistant, and stand-alone plates. ICW plate is expected to remain the dominant product type during the forecast period. The ICW plates are intended to be inserted into a carrier or vest with soft armor components, such as Kevlar or other ballistic fabrics. The combination of the ICW plate and the soft armor creates a multi-hit system that offers increased protection against a variety of threats, including bullets and projectiles. Through the combined properties of both hard and soft armor, ICW plates provide a balance between increased protection and improved comfort and flexibility. The soft armor layer helps absorb and distribute the impact energy, while the hard armor plate provides resistance against penetration.

    By Level of Protection Type

    The market is segmented into level IIIA, level IIIA + SP/KR/SP-KR, level III, level IV, level III + level IIIA/level II, and level IV + level IIIA/level II. The level IV protection type is expected to generate the largest demand during the forecast period, as the armor plate provides protection against the steel-core armor-piercing rifle ammunition. As a result, it is likely to draw huge demand from several defense and law reinforcement authorities throughout the forecast period.

    By Material Type

    The market is segmented as ceramic, UHMWPE, aramid, and others. Among these materials, ceramic is one of the materials which is a high-priority choice for body armor plate manufacturers, as it is thinner and more economical than polyethylene, and lighter and stronger than steel. As a result, it is expected to remain the dominant material type in the market during the forecast period.

    By End-User Type

    The market is segmented into military, homeland security, and commercial. Among these end-users, the military is expected to maintain its dominance in the market during the forecast period, owing to the large demand for body armor plates during military operations, such as border conflicts and counter-terrorist missions. These plates are also used in large volumes as they are deployed across every soldier who is engaged in a military operation for protection against armor-piercing bullets and ammunition.

    Regional Analysis

    North America is expected to remain the largest market for body armor plates throughout the forecast period. This is majorly attributed due to the large expenditure by the US Department of Defense (DoD) and the US Department of Homeland Security (DHS) on body armor plates, for the protection of their armed troops and homeland security personnel. The region is also home to market-leading companies such as Point Blank Enterprises, Inc.HESCO, Hardwire LLC, and Armor Express, which are also major contractors for the US DoD and the US DHS.

    Likewise, the Asia-Pacific region is also likely to create sizeable opportunities in the coming five years, driven by the increasing military expenditure in countries such as China and India, coupled with rising terror threats and geopolitical tensions. Also, the presence of local companies, such as Beijing Tongyizhong New Material Technology Corporation and MKU LIMITED, is increasing the regional market’s attractiveness. As a result, the Asia-Pacific region is expected to witness the fastest market growth during the forecast period.

    Key Players

    The market is highly populated with the presence of several local, regional, and global players. As most of the companies are US-basedtheir primary focus is to tap the domestic market and gradually increase their regional penetration. These companies predominantly compete based on their product quality, weight, price, and the level of protection offered. Several companies are shifting to the usage of UHMWPE instead of ceramic or steel, due to their competitive pricing and the large demand for lightweight body armor plates, which further increases the market competition globally. The following are the major players in the body armor plates market:

    • Point Blank Enterprises, Inc.
    • Armor Express
    • Mehler Vario System
    • HESCO
    • Tencate Advanced Armor
    • Hardwire LLC
    • MARS Armor
    • Beijing Tongyizhong New Material Technology Corporation
    • XTEK Group

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s body armor plates market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.

    The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for existing and new players.
    • Key success factors.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQ)

    The body armor plates market is estimated to grow at a healthy CAGR of 3.8% by 2028, driven by factors such as rising geopolitical tensions, high military expenditure, and increasing law enforcement budgets, particularly in the USA and several European and Asian countries.

    Point Blank Enterprises, Inc., Armor Express, Mehler Vario System, HESCO, Tencate Advanced Armor, Hardwire LLC, MARS Armor, Beijing Tongyizhong New Material Technology Corporation, XTEK Group, and MKU Ltd. are the leading players in the body armor plates market. These companies focus on developing lightweight, concealable, and comfortable body armor plates, which are in high demand.

    North America is estimated to be dominant in the body armor plates market in the foreseen future, owing to the presence of key players in the market coupled with the rising military expenditure and homeland security budget. The leading companies in the region, such as Point Blank Enterprises, Inc., HESCO, Hardwire LLC, and Armor Express, are also the major contractors for the US DoD and the US DHS, which also adds impetus to their market supremacy.

    Asia-Pacific is estimated to be the fastest-growing region for the body armor plates market in the foreseen future, owing to the increasing military expenditure of countries like China and India coupled with the rising terror threats and geopolitical tensions in the region.

    ICW armor plates are estimated to be the dominant product type in the coming years, owing to the highest protection level offered with additional soft armor protection coupled with the hard plates, resulting in their large usage by the military and law enforcement personnel.


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