The Body Armor Plates Market Size was valued at USD 2.09 billion in 2022 and is expected to reach USD 3.19 billion by 2030 with a growing CAGR of 5.4% over the forecast period 2023-2030.
A Body Armor Plate is a protective Armour plate that is fitted into a carrier or bulletproof vest and can protect by itself or enhance the vest's protection. These are metal coverings that were previously worn to protect the human body during warfare. They are constructed of a combination of ceramics and bullet-resistant textiles and are generally used in bullet-resistant vests to provide additional protection from rifle and handgun shots. The ceramic hard plate Armour can survive rifle and armor-piercing fire. This improves safety measures and eliminates bullet harm to the human body in a battle scenario.
To get more information on Body Armor Plates Market - Request Free Sample Report
Countries all around the world have been involved in numerous territorial disputes, which has increased market demand for Body Armor Plates. Civilians have shown an increased demand for protection shields, which is another element driving expansion in this market. Terrorist activities and militant violence have increased globally, prompting the growth of defensive troops.
Ballistic protective suits have found their way into the official equipment of several military agencies that provide resistance to terrorism and militant activity. This particular advancement drives the Body Armor Plates Market need. Army modernization is an absolute necessity, and numerous governments all over the world are working on various modernization methods, including the inclusion of upgraded soldier gear.
MARKET DYNAMICS
KEY DRIVERS
The market is likely to be driven by technical advances and the increased availability of lightweight body Armour globally.
The increasing number of soldiers killed or injured as a result of terrorism and hostile operations around the world drives the demand for ballistic protective suits to defend military personnel.
RESTRAINTS
Enhanced body Armour systems are being developed to alleviate discomfort and weariness, which diminishes the soldier's tactical efficiency.
OPPORTUNITY
Global demand for soft shields or plates drives up investments in various R&D initiatives to improve the operating efficiency of these plates.
The rise in asymmetric warfare activities and cross-border tensions throughout the world has prompted numerous countries to embark on a military modernisation programme to improve soldier survivability.
CHALLENGES
Imparting numerous qualities to the material, such as low density, high tenacity, high tensile modulus, and low elongation at break, which is critical for soft body armour plates
The companies concentrate on developing protective suits made of various materials that meet NIJ standards in order to deliver effective soft body armour plates and retain market competitiveness.
Level IV body Armour plate led the market for body Armour plates in 2021with a revenue share of more than 25.0 percent. This segment is expected to grow at a significant rate throughout the forecast period. This increase is due to the fact that the final edition of NIJ (National Institute of Justice) Standard 0101.07 is expected to improve test techniques and performance standards for ballistic resistance levels. In addition, the new NIJ standard is expected to include additional threat levels for rifle protection. The increased vulnerability to rifle protection levels should contribute to the growth of the level IV Armour plate.
The market is divided into four applications: defence, law enforcement protection, civilians, and others. Body Armor Plates are most commonly used in the defence industry. Body Armor Plates are being used by defence forces to avoid casualties from terrorist operations and militant violence as global tensions rise. Law Enforcement Protection employees are exposed to a variety of hazards that might cause severe harm to a human body. Thus, body Armour plates aid in the prevention of harm and provide additional protection for law enforcement officers.
These authorities face danger during city protests, domestic violence, and other circumstances. In the event of a protocol violation, protection shields come in helpful to avert pandemonium during a civic demonstration. Body Armour plates are not just for military people. Civilians can also use the body Armour plates if they feel the need to. There is also a noticeable increase in civilian demand for protective shields, which contributes to the global Body Armor Plates Market's growth.
The market is classified into UHMWPE, Steel, Aramid, Composite Ceramic, and Others. UHMWPE is an Armour manufactured by attaching Ultra High Molecular Weight Polyethylene Fibers to a sheet of High-Density Polyethylene. These sheets are placed in Moulds and trimmed to shape. These sheets are then subjected to tremendous pressure and heat, which fuses them into a cohesive hard Armour plate. Steel body Armour plates are constructed of steel and protect the body from external threats such as bullets. Aramid plates are made up of heat-resistant fibres with a strong synthetic origin. They are employed in ballistic-rated body Armour.
Through their great hardness and compressive strength, composite ceramic plates are developed for armoured vehicles and personal armour to prevent projectile object penetration.
By Application
Defense
Law Enforcement Protection
Civilians
Others
By Material
Steel
Aramid
Composite Ceramic
By Level
Level IIA
Level II
Level IIIA
Level III
Level IV
.png)
Need any customization research on Body Armor Plates Market - Enquiry Now
REGIONAL ANALYSIS:
North America dominated the body armour plate market in 2019, accounting for 30.0 percent of total revenue. Government military programmes, such as the Extremity Protection programme and the Soldier Protection System-Torso for delivering full body armour to the armed services, are expected to drive regional market expansion. Furthermore, the area contains key countries that dominate the global military spending industry.
The market for body armour plates in Asia Pacific is predicted to grow at the fastest rate of 6.7 percent during the forecast period. Large-scale upgrading of conventional systems, as well as an increase in wars and border disputes in Asia Pacific area growing countries such as China, India, and South Korea, fuel demand for protection equipment plates in this region. Furthermore, the requirement to provide personal protection to ground forces in the region, as well as consistent government spending in procuring competitive weaponry and personal protection equipment, is likely to stimulate regional market growth prospects.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Aegis Engineering Ltd, Craig International Ballistics Pty Ltd, Hellweg International, Kejo Limited Company, Pacific Safety Products, Point Blank Enterprises, Inc, Safariland, LLC, Armored Republic, LLC, BAE Systems, Ballistic Body Armour Pty., and other players
Aegis Engineering Ltd-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 2.09 Billion |
| Market Size by 2030 | US$ 3.19 Billion |
| CAGR | CAGR of 5.4% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Application (Defense, Law Enforcement Protection, Civilians, Others) • By Material (Steel, Aramid, Composite Ceramic) • By Level( Level IIA, Level II, Level IIIA, Level III, Level IV) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Aegis Engineering Ltd, Craig International Ballistics Pty Ltd, Hellweg International, Kejo Limited Company, Pacific Safety Products, Point Blank Enterprises, Inc, Safariland, LLC, Armored Republic, LLC, BAE Systems, Ballistic Body Armour Pty., and other players. |
| DRIVERS | • The market is likely to be driven by technical advances and the increased availability of lightweight body Armour globally. • The increasing number of soldiers killed or injured as a result of terrorism and hostile operations around the world drives the demand for ballistic protective suits to defend military personnel. |
| RESTRAINTS | • Enhanced body Armour systems are being developed to alleviate discomfort and weariness, which diminishes the soldier's tactical efficiency. |
The market size for the Body Armor Plates Market was valued at USD 2.09 billion in 2022.
The expected CAGR of the Body Armor Plates Market is 5.4% during the forecast period 2023-2030.
The leading players in the Body Armor Plates Market include Aegis Engineering Ltd, Craig International Ballistics Pty Ltd, Hellweg International, Kejo Limited Company, Pacific Safety Products, Point Blank Enterprises, Inc, Safariland, LLC, Armored Republic, LLC, BAE Systems, Ballistic Body Armour Pty.
Global demand for soft shields or plates drives up investments in various R&D initiatives to improve the operating efficiency of these plates and the rise in asymmetric warfare activities and cross-border tensions throughout the world has prompted numerous countries to embark on a military modernization program to improve soldier survivability. These factors are creating lucrative opportunities for the Body Armor Plates Market
North American region dominated the Body Armor Plates Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Body Armor Plates Market Segmentation, by Application
8.1 Defense
8.2 Law Enforcement Protection
8.3 Civilians
8.4 Others
9. Body Armor Plates Market Segmentation, by Material
9.1 Steel
9.2 Aramid
9.3 Composite Ceramic
10. Body Armor Plates Market Segmentation, by Level
10.1 Level IIA
10.2 Level II
10.3 Level IIIA
10.4 Level III
10.5 Level IV
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Aegis Engineering Ltd
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Craig International Ballistics Pty Ltd
12.3 Hellweg International
12.4 Kejo Limited Company
12.5 Pacific Safety Products
12.6 Point Blank Enterprises, Inc
12.7 Safariland, LLC
12.8 Armored Republic, LLC
12.9 BAE Systems
12.10 Ballistic Body Armour Pty.
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Sonobuoy Market Size was valued at USD 0.35 billion in 2022 and is expected to hit USD 0.60 billion by 2030 with a growing CAGR of 7% over the forecast period 2023-2030.
The Aircraft Fuel Tanks Market size was valued at USD 911.32 Million & is estimated to reach USD 1027.40 Million by 2030 and increase at a compound annual growth rate of 1.51% between 2023 and 2030.
The Aircraft MRO Market Size was valued at USD 81.25 billion in 2023 and is expected to reach USD 120.77 billion by 2031 and grow at a CAGR of 5.10% over the forecast period 2024-2031.
The Armored Vehicle Fire Suppression Systems Market Size was valued at USD 22.65 million in 2022 and is expected to reach USD 30.76 million by 2030, and grow at a CAGR of 3.9% over the forecast period 2023-2030.
The Vertiports Market size was valued at USD 0.39 Billion in 2023. It is projected to reach USD 15.92 Billion by 2031 and increase at a compound annual growth rate of 60.24% between 2024 and 2031.
The Aerostructures Market size was valued at USD 60.8 Billion in 2023 & is estimated to reach USD 102.89 Billion by 2031 and increase at a compound annual growth rate of 6.8% from 2024 to 2031.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
