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Body Armor Plates Market Size
- Report ID: GMI7545
- Published Date: Nov 2023
- Report Format: PDF
Body Armor Plates Market Size
Body Armor Plates Market was valued at over USD 1.8 billion in 2022 and is anticipated to grow at a CAGR of around 5% between 2023 and 2032. The industry is expected to grow owing to the increased need for better protection against threats. Modern materials and design advancements including composite materials or lightweight & strong ceramics offer increased ballistic resistance without sacrificing mobility. The military, law enforcement, and security agencies are purchasing cutting-edge body armor plates due to the higher protection levels they provide against ever changing threats. The need for cutting-edge products by end customers who want the best possible worker safety is driving this trend. For instance, in September 2023, Ace Link Armor (U.S.) partnered with Glágio do Brasil (Brazil) to introduce ballistic protection body armor products in the U.S. market. Ace Link Armor launched the NIJ Certified hard armor plate, which is expected to protect against shots from high-powered rifle caliber rounds including 7.6251 M80, 5.56x45mm M855, and 7.62x39MSC.
Body armor plates are protective inserts designed to enhance personal safety by providing ballistic resistance against gunfire and explosive fragments. They are typically made from materials, such as ceramics or composites, worn in conjunction with soft armor, and inserted into plate carriers, vests, or tactical clothing to offer additional protection to military, law enforcement, and security personnel.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Body Armor Plates Market Size in 2022: | USD 1.8 Billion |
| Forecast Period: | 2022 to 2032 |
| Forecast Period 2022 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 3 Billion |
| Historical Data for: | 2018 - 2022 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 286 |
| Segments covered: | Material, level, Application, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The market growth is severely constrained by the high price of body armor plates, which prevents their widespread adoption. These protective solutions are expensive due to the increased production costs caused by advanced materials and manufacturing techniques. Budgetary allocations for the military, law enforcement, and other potential users are impacted by this price restriction. Overall, the cost aspect affects body armor plate growth and market penetration, making it difficult for broad deployment and potentially inaccessible for smaller companies or budget-constrained countries.
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Body Armor Plates Market Scope
