India Body Armor Plates Market Size & Outlook, 2023-2030
India body armor plates market, 2018-2030 (US$M)
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India body armor plates market highlights
- The India body armor plates market generated a revenue of USD 121.9 million in 2023 and is expected to reach USD 204.3 million by 2030.
- The India market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, defense was the largest revenue generating application in 2023.
- Defense is the most lucrative application segment registering the fastest growth during the forecast period.
Body armor plates market data book summary
| Market revenue in 2023 | USD 121.9 million |
| Market revenue in 2030 | USD 204.3 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Defense |
| Fastest growing segment | Defense |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Defense, Law enforcement protection, Civilians |
| Key market players worldwide | BAE Systems PLC, Ceradyne, Craig International Ballistics, Hellweg, Pacific Safety Products, Point Blank Enterprises, The Safariland Group |
Other key industry trends
- In terms of revenue, India accounted for 6.1% of the global body armor plates market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China body armor plates market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 204.3 million by 2030.
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Body Armor Plates Market Scope
Body Armor Plates Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 56.19% in 2023. Horizon Databook has segmented the India body armor plates market based on defense, law enforcement protection, civilians covering the revenue growth of each sub-segment from 2018 to 2030.
- India Body Armor Plates Application Outlook (Revenue, USD Million, 2018-2030)
- Defense
- Law enforcement protection
- Civilians
- India Body Armor Plates Style Outlook (Revenue, USD Million, 2018-2030)
- Covert
- Overt
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Horizon Databook provides a detailed overview of country-level data and insights on the India body armor plates market , including forecasts for subscribers. This country databook contains high-level insights into India body armor plates market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India body armor plates market size, by application, 2018-2030 (US$M)
India Body Armor Plates Market Outlook Share, 2023 & 2030 (US$M)
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