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Body Armor Plates Market Analysis | 2023-2028
Body Armor Plates Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023-2028
The body armor plates market was estimated at USD 0.93 billion in 2022 and is likely to grow at a CAGR of 3.8% during 2023-2028 to reach USD 1.17 billion in 2028.
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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.
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:
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:
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The market is highly populated with the presence of several local, regional, and global players. As most of the companies are US-based, their 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:
Note: The above list does not necessarily include all the top players in the market.
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Segmentations |
List of Sub-Segments |
Segments with High Growth Opportunity |
|
Armor Type Analysis |
Soft Armor Plates and Hard Armor Plates |
Hard armor plates are designed to stop rifle rounds and provide higher protection against armor-piercing ammunition. |
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Product Type Analysis |
Stand Alone Armor Plates, Combined-Resistant Armor Plates, and ICW Armor Plates) |
ICW plate is expected to remain the dominant product type during the forecast period. |
|
Level of Protection Type Analysis |
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. |
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Material Type Analysis |
Ceramic, UHMWPE, Aramid, and Others |
Ceramic is one of the materials that 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. |
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End-User Type Analysis |
Military, Homeland Security, and Commercial |
The military is expected to maintain its dominance in the market during the forecast period. |
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Regional Analysis |
North America, Europe, Asia-Pacific, and Rest of the World |
North America is expected to remain the largest market for body armor plates throughout the forecast period. |
The body armor plates 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.
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.
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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 protects 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.
The market is segmented as ceramic, UHMWPE, aramid, and others. Among these materials, ceramic is one of the materials that 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.
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.
North America is expected to remain the largest market for body armor plates throughout the forecast period. This is majorly attributed 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.
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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:
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The body armor plates market is segmented into the following categories.
By Armor Type
By Product Type
By Level of Protection Type
By Material Type
By End-User Type
By Region
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Company Profiling
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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.
The body armor plates market was estimated at USD 0.93 billion in 2022.
The body armor plates market is likely to reach USD 1.17 billion in 2028.
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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