Latin America Body Armor Market Size & Outlook, 2023-2030
Latin America body armor market, 2018-2030 (US$M)
Related Markets
Latin America body armor market highlights
- The Latin America body armor market generated a revenue of USD 81.3 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, level iv was the largest revenue generating protection level in 2023.
- Level II is the most lucrative protection level segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 81.3 million |
| Market revenue in 2030 | USD 126.4 million |
| Growth rate | 6.5% (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 |
| Key market players worldwide | BAE Systems PLC, Ceradyne, Avon Protection PLC, Sarkar Tactical, The Safariland Group, Point Blank Enterprises, Elmon, Pacific Safety Products, EnGarde, Hellweg, Craig International Ballistics, International Armored Group |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.0% of the global body armor market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,173.2 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Body Armor Market Scope
Body Armor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 25.83% in 2023. Horizon Databook has segmented the Latin America 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.
Reasons to subscribe to Latin America body armor market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America body armor market databook
-
Our clientele includes a mix of body armor market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America body armor market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America body armor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America body armor market size, by country, 2018-2030 (US$M)
Latin America Body Armor Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
