Body Armor Market Size

Statistics for the 2023 & 2024 Body Armor market size, created by Mordor Intelligence™ Industry Reports. Body Armor size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Body Armor Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Body Armor Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 2.85 Billion
Market Size (2029) USD 3.49 Billion
CAGR (2024 - 2029) 4.10 %
Fastest Growing Market Latin America
Largest Market North America

Major Players

Body Armor Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Body Armor Market Analysis

The Body Armor Market size is estimated at USD 2.85 billion in 2024, and is expected to reach USD 3.49 billion by 2029, growing at a CAGR of 4.10% during the forecast period (2024-2029).

Geopolitical tensions and a surge in violence and terrorism have underscored the importance of body armor for military and law enforcement agencies, safeguarding their personnel in diverse scenarios. However, the level of protection varies, tailored to the specific threat assessments.

Military engagements, spanning counterinsurgency, counter-terrorism, and guerrilla warfare, pose significant risks, potentially leading to injuries or fatalities. Similarly, in law enforcement, officers face threats from criminals and felons, necessitating investments in personal body armor.

The body armor market's growth is not solely driven by military demand but increasingly by law enforcement and civilian sectors. Innovations like flexible, lightweight body armor, including Kevlar-based soft armor, prioritize protection and wearer comfort. This demand is fueling market expansion, particularly in regions facing heightened security challenges. Noteworthy advancements like DuPont and Point-Blank Enterprises' Kevlar EXO further propel market growth.

However, the market grapples with a significant hurdle: the integration costs of advanced materials, such as ultra-high-molecule weight polyethylene (UHMWPE) and advanced ceramics, significantly elevate production costs, limiting widespread adoption.

In recent years, there has been a notable increase in investments in advanced body armor, spurred mainly by governments aiming to bridge supply-demand gaps. Consequently, the market is witnessing heightened procurement and development activities, setting the stage for robust growth. Yet, stringent government regulations, especially in the civil sector, act as a counterbalance, impeding the market's full potential.

Body Armor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)