Body Armor Manufacturing in the US - Industry Market Research Report

In the Open: Operators Will Likely Experience Declines Due to the Completion of Prominent Contracts

The Body Armor Manufacturing industry, which produces protective equipment, including hard and soft body armor, shields and headwear, has benefited from increased government spending through 2023. The industry heavily relies on demand from the US military, which receives its funding from the federal government. Reduced US combat operations and relatively low defense spending led to lower US military spending on armor in 2020 and 2021. Even so, domestic law enforcement spending increased, responding to increased protesting and rioting. Similarly, rising global tensions have stimulated Department of Defense spending on body armor in 2022 and 2023, despite attempted budget cuts. Overall, revenue has grown at an expected CAGR of 3.9% to $759.2 million over the five years to 2023, despite a 0.5% contraction in 2023.

This industry manufactures a variety of body armor (personal armor) for use in law enforcement and military operations. Products include tactical body armor, concealable armor, plates, shields, helmets and padding.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.