Market Size of Body Armor Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.88 Billion |
| Market Size (2029) | USD 3.60 Billion |
| CAGR (2024 - 2029) | 4.49 % |
| Fastest Growing Market | Latin America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Body Armor Market Analysis
The Body Armor Market size is estimated at USD 2.88 billion in 2024, and is expected to reach USD 3.60 billion by 2029, growing at a CAGR of 4.49% during the forecast period (2024-2029).
The rising geopolitical conflict and increased acts of violence and terrorism have necessitated the adoption of body armor by military and law enforcement agencies to ensure their personnel's safety in various situations. However, the level of protection offered by the body armor differs based on the threat assessment of the end users.
Modern-day warfare practices include counterinsurgency, counterterrorism, and guerrilla warfare operations that may injure soldiers or cause fatal injuries. Similar scenarios exist in law enforcement wherein criminals, felons, and law offenders can fatally injure corresponding officers, thus necessitating investment in personal body armor and related equipment.
Body armor is specifically developed to shield the wearer from the effect of firearm rounds on human organs. Body armor saves several lives and provides additional protection during car accidents and other assaults on police officers. Most law-enforcement body armor and helmets are designed to defeat attacks from handgun firing.
Investments in advanced body armor equipment have increased in recent years, driven by the government's focus on bridging the gaps between the requirement and the existing supply. Hence, the market is witnessing several procurement and development activities related to the latest body armor. This development in body armor is expected to drive the market's growth in the coming years. In comparison, stringent government regulations limit body armor adoption in the civil sector, hindering the market's growth.
