Latin America Body Armor Plates Market Size & Outlook
Related Markets
Latin America body armor plates market highlights
- The Latin America body armor plates market generated a revenue of USD 247.8 million in 2023.
- The market is expected to grow at a CAGR of 5.9% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 247.8 million |
| Market revenue in 2030 | USD 370.7 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Defense |
| Fastest growing segment | Defense |
| 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 |
| 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, Latin America region accounted for 12.4% of the global body armor plates market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 850.5 million by 2030.
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Body Armor Plates Market Scope
Body Armor Plates Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Craig International Ballistics | View profile | 11-50 | Helensvale, Queensland, Australia, Oceania | https://ballistics.com.au/ |
| Hellweg | View profile | 1001-5000 | Dortmund, Nordrhein-Westfalen, Germany, Europe | https://www.hellweg.de/ |
| Pacific Safety Products | View profile | 51-100 | Arnprior, Ontario, Canada, North America | http://pacsafety.com/ |
| Point Blank Enterprises | View profile | 5001-10000 | Pompano Beach, Florida, United States, North America | http://www.pointblankenterprises.com/ |
| The Safariland Group | View profile | 5001-10000 | Ontario, California, United States, North America | http://www.safariland.com/ |
| Ceradyne | View profile | 1001-5000 | Costa Mesa, California, United States, North America | http://www.ceradyne.com |
| BAE Systems PLC | View profile | 99800 | 6 Carlton Gardens, Stirling Square, London, United Kingdom, SW1Y 5AD | https://www.baesystems.com |
Latin America 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 52.46% in 2023. Horizon Databook has segmented the Latin America body armor plates market based on defense, law enforcement protection, civilians covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Body Armor Plates Application Outlook (Revenue, USD Million, 2018-2030)
- Defense
- Law enforcement protection
- Civilians
- Latin America Body Armor Plates Style Outlook (Revenue, USD Million, 2018-2030)
- Overt
- Covert
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America body armor plates market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America body armor plates market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America body armor plates market size, by country, 2018-2030 (US$M)
Latin America Body Armor Plates Market Outlook Share, 2023 & 2030 (US$M)
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