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Ceramic Body Armor Plates Is Fastest Growing Segment Fueling The Growth Of Body Armor Plates Market

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ashwinicmi
Ceramic Body Armor Plates Is Fastest Growing Segment Fueling The Growth Of Body Armor Plates Market

The global Body Armor Plates Market is estimated to be valued at US$ 2.03 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights

Market Overview:

Body armor plates offer ballistic protection to vital organs of security forces and counter-terrorist units from bullets, fragments and shrapnel. They provide safety and security in high-risk environments.

Market key trends:

One of the key trends in the body armor plates market is the development of lightweight and comfortable armor. Researchers are working on developing lighter materials that can provide the same level of protection as heavier armor plates. Use of new materials such as polyethylene fibers and ultra-high-molecular-weight polyethylene (UHMWPE) has led to the manufacturing of armor that is 20-30% lighter than standard armor, allowing higher mobility and wearability for military and law enforcement personnel.


Segment Analysis

The global body armor plates market is segmented by type, material, and end-use. Based on type, it is segmented into level IIA, level II, level IIIA, level III, and level IV. Level IV segment dominates the market as it provides highest level of protection against armor-piercing rounds. Based on material, the market is segmented into steel, polyethylene, ceramics, composite materials, and others. The ceramics segment dominates as ceramics offers lightweight bulletproof protection and is majorly preferred for ballistic plates. Based on end-use, the market is segmented into defense, law enforcement, and others. The law enforcement segment dominates the market due to growing focus on safety of law enforcement personnel.

Key Takeaways

The Global Body Armor Plates Market Demand is expected to witness high growth, exhibiting CAGR of 5.2% over the forecast period, due to increasing threats from extremism and terrorism globally.

Regional analysis

North America dominates the global body armor plates market currently and is expected to continue its dominance over the forecast period. This is attributed to significant defense spending and growth in procurement of advanced personal protective equipment by law enforcement agencies in the US and Canada. Asia Pacific is expected to exhibit the fastest growth over the forecast period due to increasing civil unrest and terrorist activities in countries such as India and China.

Key players

Key players operating in the body armor plates market are 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. BAE Systems dominates the market due to its vast product portfolio and long experience in defense materials.


Get more insights on this topic:

https://www.marketwebjournal.com/body-armor-plates-market-size-market-share-analysis/

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