Body armor plates are the "smart" components of bulletproof vests that make them actually stop threats like guns and knives. They are generally rated by the National Institute of Justice or NIJ and are either soft (designed for lesser or more specialized threat levels) or hard (designed to stop rifle rounds).
Market Dynamics:
Various factors are driving growth of the body armor plates market. One of the driving factor is the increasing incidence of terrorist attacks and militant violence around the world. This has prompted countries to develop military equipment that can protect their soldiers against these attacks. Additionally, a significant number of civilians are also showing interest in buying ballistic protection shields.
On the other hand, strict government regulations is expected to hamper the market growth.
Key features of the study:
- This report provides in-depth analysis of the global body armor plates market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global body armor plates market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Aegis Engineering Ltd, Armored Republic, LLC, BAE Systems, Ballistic Body Armour Pty, Ceradyne Inc. (Subsidiary of 3M), Craig International Ballistics Pty Ltd., Hellweg International, Kejo Limited Company, Pacific Safety Products, and Point Blank Enterprises, Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global body armor plates market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global body armor plates market
Detailed Segmentation:
- Global Body Armor Plates Market, By Level
- Level IIA
- Level II
- Level IIIA
- Level III
- Level IV
- Global Body Armor Plates Market, By Application
- Defense
- Law enforcement protection
- Civilians
- Global Body Armor Plates Market, By Material
- Steel
- UHMWPE
- Aramid
- Composite Ceramic
- Others
- Global Body Armor Plates Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
- Company Profiles
- Aegis Engineering Ltd
- Armored Republic, LLC
- BAE Systems
- Ballistic Body Armour Pty
- Ceradyne Inc. (Subsidiary of 3M)
- Craig International Ballistics Pty Ltd.
- Hellweg International
- Kejo Limited Company
- Pacific Safety Products
- Point Blank Enterprises, Inc.
