Global Body Armor Market Size & Outlook, 2023-2030
Global body armor market, 2018-2030 (US$M)
Related Markets
Global body armor market highlights
- The global body armor market generated a revenue of USD 2,693.4 million in 2023 and is expected to reach USD 4,007.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.8% by 2030.
- In terms of segment, level iv accounted for a revenue of USD 708.1 million in 2023.
- Level II is the most lucrative protection level segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Russia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,693.4 million |
| Market revenue in 2030 | USD 4,007.1 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Level iv |
| Fastest growing segment | Level II |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Level IIA, Level II, Level IIIA, Level III, Level IV |
Other key industry trends
- In terms of revenue, the North America accounted for 32.8% of the global body armor market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Russia is the fastest growing regional market and is projected to reach USD 227.3 million by 2030.
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Body Armor Market Scope
Body Armor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global body armor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to body armor market will help companies and investors design strategic landscapes.
Level iv was the largest segment with a revenue share of 26.29% in 2023. Horizon Databook has segmented the Global body armor market based on level iia, level ii, level iiia, level iii, level iv covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Body Armor Protection Level Outlook (Revenue, USD Million, 2018-2030)
- Level IIA
- Level II
- Level IIIA
- Level III
- Level IV
- Global Body Armor End-user Outlook (Revenue, USD Million, 2018-2030)
- Defense
- Law Enforcement Protection
- Civilians
- Global Body Armor Type Outlook (Revenue, USD Million, 2018-2030)
- Soft Armor
- Hard Armor
- Accessories
- Global Body Armor Style Outlook (Revenue, USD Million, 2018-2030)
- Covert
- Overt
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Our clientele includes a mix of body armor market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global body armor market , including forecasts for subscribers. This global databook contains high-level insights into Global body armor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global body armor market size, by region, 2018-2030 (US$M)
Top 10 countries by Body Armor Market revenue, 2023 (US$M)
Global body armor market share, by protection level, 2023 & 2030 (%, US$M)
Body armor market: Opportunity assessment by country
Global body armor market, by region, 2023 (US$M)
| Protection Level | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 60.6 | 64.6 | 67.7 | 71.2 | 76.1 | 81.3 | 86.7 | 92.3 | 98.4 | 104.8 | 111.7 | 118.9 | 126.4 | 6.4% |
| Europe | 535.3 | 560.5 | 579.5 | 600.6 | 632.2 | 665.8 | 699.2 | 734.1 | 770.7 | 809.0 | 848.9 | 890.3 | 933.7 | 4.8% |
| North America | 703.3 | 737.9 | 764.5 | 794.4 | 838.1 | 884.3 | 931.2 | 980.1 | 1,031.4 | 1,085.2 | 1,141.7 | 1,200.5 | 1,262.3 | 5.0% |
| MEA | 253.4 | 268.4 | 281.0 | 294.6 | 313.9 | 334.5 | 355.7 | 378.1 | 401.8 | 426.9 | 453.4 | 481.5 | 511.5 | 6.1% |
| Asia Pacific | 528.4 | 564.7 | 595.9 | 630.4 | 677.1 | 727.5 | 779.7 | 835.2 | 894.7 | 957.7 | 1,025.3 | 1,097.0 | 1,173.2 | 6.9% |
| Overall | 2,081.0 | 2,196.1 | 2,288.6 | 2,391.2 | 2,537.4 | 2,693.4 | 2,852.5 | 3,019.8 | 3,197.0 | 3,383.6 | 3,581.0 | 3,788.2 | 4,007.1 | 5.8% |
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