With the emergence and long-term Impact of COVID-19, Global Body Armor Plates Market to reach USD 2.90 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Body Armor Plates Market points towards a potential rise to USD 2.90 Billion by 2030. In protective suits, the body armor plates act as shields and add an additional layer of protection. They are frequently built up of a combination of ceramics and materials that can withstand being shot at. These are widely used in bulletproof vests to help guard against rifle and handgun rounds. The demand for armor plates has substantially increased as a result of the rise in territorial disputes between countries throughout the world. Furthermore, the growing demand for protective shields among civilians has propelled the market expansion across the globe.
Geographically, the global Body Armor Plates market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022. The armed forces receive full body armor from the government through programs like the Soldier Protection System-Torso (SPS-T) and Extremity Protection Programme (EPP). For instance, the SPS-T attempts to provide improved torso protection while the EPP concentrates on boosting protection for soldiers’ arms and legs. By encouraging innovation and investment in protective gear, these programs have the potential to have a significant market impact and are projected to spur market expansion in the local area. Asia Pacific is expected to be the fastest growing region during the projection period as the market for protection equipment plates in this region is driven by the extensive modernization efforts of conventional systems and the rise in armed conflict and border conflicts in nations with economies such as China, India, and South Korea. These nations are making significant investments in their arsenal of weapons, which includes creating and obtaining cutting-edge armor plates. Additionally, the requirement for providing personal protection to ground soldiers in the Asia Pacific area, together with consistent government spending in the acquisition of competitive armaments and personal protection gear, is anticipated to fuel regional market expansion.
The global Body Armor Plates market is highly competitive owing to the presence of several key manufacturers such as AEGIS Engineering Systems Armored Republic, LLC BAE Systems Ceradyne Inc. (Subsidiary of 3M) Hellweg International Ballistic Body Armour Pty. Craig International Ballistics Pty. Ltd. Pacific Safety Products Point Blank Enterprises, Inc. Safariland, LLC, and others.
Global Body Armor Plates Market Size Study & Forecast, by Level (Level IIA, Level II, Level IIIA, Level III, Level IV), By Application (Defense, Law Enforcement Protection, Civilian), By Material (Steel, Aramid, Composite Ceramic, UHMWPE, others) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Body Armor Plates Market is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2023-2030.
- In the Level segment, Level IV emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to increasing defense spending in the region.
- Asia Pacific is also expected to grow at higher rate during 2023-2030 owing to rising border conflicts among neighboring countries in the region.
Bizwit Research & Consulting has considered following segments for the study:
- Level IIA
- Level II
- Level IIIA
- Level III
- Level IV
- Law Enforcement Protection
- Composite Ceramic
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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