Global Body Armor Plates Market Size & Outlook, 2023-2030
Global body armor plates market, 2018-2030 (US$M)
Related Markets
Global body armor plates market highlights
- The global body armor plates market generated a revenue of USD 1,995.3 million in 2023 and is expected to reach USD 2,904.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.5% by 2030.
- In terms of segment, defense accounted for a revenue of USD 1,095.6 million in 2023.
- Civilians is the most lucrative application 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,995.3 million |
| Market revenue in 2030 | USD 2,904.6 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Defense |
| Fastest growing segment | Civilians |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Defense, Law enforcement protection, Civilians |
Other key industry trends
- In terms of revenue, the North America accounted for 32.8% of the global body armor plates market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 19.7 million by 2030.
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Body Armor Plates Market Scope
Body Armor Plates Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global body armor plates 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 plates market will help companies and investors design strategic landscapes.
Defense was the largest segment with a revenue share of 54.91% in 2023. Horizon Databook has segmented the Global body armor plates market based on defense, law enforcement protection, civilians covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Body Armor Plates Application Outlook (Revenue, USD Million, 2018-2030)
- Defense
- Law enforcement protection
- Civilians
- Global Body Armor Plates Style Outlook (Revenue, USD Million, 2018-2030)
- Covert
- Overt
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Horizon Databook provides a detailed overview of global-level data and insights on the Global body armor plates market , including forecasts for subscribers. This global databook contains high-level insights into Global body armor plates market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global body armor plates market size, by regions, 2018-2030 (US$M)
Top 10 countries: Body armor plates market size, 2023 (US$M)
Global body armor plates market share, by application, 2023 & 2030 (%, US$M)
Body armor plates market: Opportunity assessment by country
Global body armor plates market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 529.1 | 553.5 | 571.7 | 592.2 | 622.8 | 655.2 | 687.7 | 721.6 | 757.1 | 794.1 | 832.5 | 872.9 | 914.9 | 4.9% |
| Europe | 402.8 | 420.4 | 433.3 | 447.8 | 469.8 | 493.1 | 516.4 | 540.5 | 565.7 | 591.9 | 618.9 | 647.4 | 676.8 | 4.6% |
| Asia Pacific | 397.5 | 423.6 | 445.5 | 469.9 | 503.2 | 538.9 | 575.8 | 615.0 | 656.6 | 700.8 | 747.6 | 797.6 | 850.5 | 6.7% |
| Latin America | 190.7 | 201.4 | 210.0 | 219.7 | 233.3 | 247.8 | 262.7 | 278.3 | 294.9 | 312.3 | 330.7 | 350.2 | 370.7 | 5.9% |
| MEA | 45.7 | 48.4 | 50.6 | 53.1 | 56.5 | 60.2 | 64.0 | 68.0 | 72.2 | 76.7 | 81.4 | 86.4 | 91.7 | 6.2% |
| Overall | 1,565.7 | 1,647.3 | 1,711.2 | 1,782.7 | 1,885.6 | 1,995.3 | 2,106.6 | 2,223.5 | 2,346.5 | 2,475.8 | 2,611.1 | 2,754.5 | 2,904.6 | 5.5% |
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