Detroit, Aug. 11, 2025 (GLOBE NEWSWIRE) -- The global body armor plates market size was valued at US$962.4 million in 2024 and is projected to reach US$1225 million by 2031, witnessing a market growth CAGR of 3.5% from 2024 to 2031, according to an analysis by Stratview Research.
Stratview Research, a global market research firm, has launched a report on the global body armor plates market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
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Market Statistics
Market Size in 2024 | US$962.4 million |
Market Size in 2031 | US$1225 million |
Growth (CAGR) | 3.5% during 2024-2031 |
Cumulative Sales Opportunity 2024 to 2031 | US$8.78 billion |
Leading Product Type | ICW Armor Plates |
Leading Level of Protection Type | Level IV + Level IIIA/Level II |
Leading Material Type | Ceramic |
Leading End-User Type | Military |
Leading Region | North America |
Forecast Period | 2024-2031 |
Trend Period | 2019-2022 |
Base Year | 2023 |
Number of Segments Covered | 5 |
Number of Tables & Graphs | 100+ |
Country-Level Market Assessment | 20 |
Segment Insights & Market Share Analysis of the Body Armor Plates Market:
The global body armor plates market is segmented based on product type, level of protection type, material type, end-user type, and region.
Based on product type –
Based on level of protection type –
Based on material type –
Based on end-user type –
To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is expected to be the dominant region, while Asia-Pacific (APAC) is expected to be the fastest-growing region. This growth outlook is mainly attributed to the following:
Conversely, the Asia-Pacific market is expected to be the most rapidly growing market during the next five years. This expansion is being driven by increasing defense budgets in nations such as China and India, due to rising security concerns and continuous geopolitical tensions. The presence of leading regional producers, including Beijing Tongyizhong New Material Technology Corporation and MKU LIMITED, is also adding to the region's increasing competitiveness and attractiveness. These drivers are anticipated to generate huge market opportunities and push the growth of body armor plates throughout the region.
Body Armor Plates Market Drivers:
Some of the key drivers listed in the report are given below.
Competitive Landscape: Top 10 Companies in the Body Armor Plates Market:
The market is fragmented, with over 50 players. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:
What Deliverables Will You Get in This Report?
Key questions this report answers | Relevant content in the report |
How big is the sales opportunity? | In-depth analysis of the Body Armor Plates Market |
How lucrative is the future? | Market forecast and trend data and emerging trends |
Which regions offer the best sales opportunities? | Global, regional, and country-level historical data and forecasts |
Which are the most attractive market segments? | Market segment analysis and forecast |
Who are the top players and their market positioning? | Competitive landscape analysis, Market share analysis |
How complex is the business environment? | Porter’s five forces analysis, PEST analysis, Life cycle analysis |
What are the factors affecting the market? | Drivers & challenges |
Will I get the information on my specific requirements? | 10% free customization |
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
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About us –
Stratview Research is a global market research and consulting firm that highly specializes in IT & Telecom, aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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