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Body Armor Plates Market Share

Report ID: GMI7545
Published Date: Nov 2023
Report Format: PDF

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Body Armor Plates Market Share

Players operating in the industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in R&D to introduce innovative and technologically advanced solutions in the market. Major players operating in the body armor plates industry are:

AEGIS Engineering Systems
Armored Republic, LLC
BAE Systems plc
Ballistic Body Armour Pty.
Bluewater Defense Inc.
Ceradyne Inc. (Subsidiary of 3M)
Craig International Ballistics Pty. Ltd.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for body armor plates crossed USD 1 billion in 2022 and is expected to register 4.5% CAGR from 2023-2032 due to the increased need for better protection against threats worldwide.

The composite ceramic material segment held over 30% share of the body armor plates industry in 2022 and is expected to register appreciable CAGR from 2023-2032 due to the pressing need for remarkable ballistic qualities.

North America industry for body armor plates held over 30% share in 2022 and is expected to register commendable CAGR from 2023-2032 due to the growing demand for law enforcement, military modernization, and security in the region.

AEGIS Engineering Systems, Armored Republic, LLC, BAE Systems plc, Ballistic Body Armour Pty., Bluewater Defense Inc., Ceradyne Inc. (Subsidiary of 3M), and Craig International Ballistics Pty. Ltd. are some of the major body armor plates companies worldwide.