Global Ballistic Steel Plate Market Growth 2025-2031

The global Ballistic Steel Plate market size is predicted to grow from US$ 906 million in 2025 to US$ 1149 million in 2031; it is expected to grow at a CAGR of 4.0% from 2025 to 2031.

Ballistic Steel Plate is a special steel plate specially designed to resist the impact and penetration of projectiles. It usually has high strength, high hardness and good toughness, and can maintain the integrity and stability of the structure when it is impacted by high-speed projectiles. Bulletproof Steel Plate is widely used in military, security, protection engineering and other fields, such as armored vehicles, bulletproof vests, bulletproof glass and various bulletproof facilities.

With the rapid deployment of army weapons and equipment and the demand for full range mobility, the market has put forward a lightweight demand for ballistic steel plates (armor steel). Countries around the world are developing lightweight armor steel material technology and structural technology.

Military demand

The continuous upgrading and modernization of military equipment has increased the demand for bulletproof materials. As an important military protective material, the demand for bulletproof steel plates has continued to grow with the replacement of military equipment. The existence of wars and conflicts has made bulletproof steel plates play a vital role in protecting the lives of soldiers and the safety of military facilities.

Security demand

With the complexity of the social security situation and the frequent terrorist attacks, people's awareness of public safety and personal protection has continued to increase. Bulletproof steel plates are widely used in protective facilities in public places such as banks, government buildings, airports, and railway stations due to their excellent bulletproof performance. The increase in private security needs, such as bulletproof cars and bulletproof houses for high-end people such as wealthy people and politicians, has also promoted the development of the bulletproof steel plate market.

Technological progress

The development of materials science has continuously improved the performance of bulletproof steel plates. By optimizing alloy composition and improving heat treatment processes, the strength, hardness and toughness of bulletproof steel plates can be significantly improved to meet a wider range of application needs. Advances in manufacturing processes, such as the continuous improvement of precision casting, rolling, heat treatment and other technologies, have improved the production efficiency and product quality of bulletproof steel plates, reduced production costs, and further promoted the expansion of the bulletproof steel plate market.

Policies and regulations

The government has continuously increased its attention to public safety and has introduced a series of policies and regulations to strengthen safety protection measures. The implementation of these policies and regulations has provided a strong policy guarantee for the market development of protective materials such as bulletproof steel plates. The adjustment and optimization of military procurement policies have made it easier for military protective materials such as bulletproof steel plates to obtain government support and procurement orders.

LP Information, Inc. (LPI) ' newest research report, the “Ballistic Steel Plate Industry Forecast” looks at past sales and reviews total world Ballistic Steel Plate sales in 2024, providing a comprehensive analysis by region and market sector of projected Ballistic Steel Plate sales for 2025 through 2031. With Ballistic Steel Plate sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ballistic Steel Plate industry.

This Insight Report provides a comprehensive analysis of the global Ballistic Steel Plate landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ballistic Steel Plate portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Ballistic Steel Plate market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ballistic Steel Plate and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ballistic Steel Plate.

This report presents a comprehensive overview, market shares, and growth opportunities of Ballistic Steel Plate market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

Hot-rolled Steel Plate

Heat Treated Steel Plate

Segmentation by Application:

Military Field

Civil Field

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

SSAB

Swebor

ArcelorMittal(Industeel)

Masteel UK Limited

Tata Steel

Bisalloy

Allegheny Technologies

Baowu Group

Miilux OY

Kloeckner Metal

Angang Steel

Nanjing Iron and Steel

HBIS

Key Questions Addressed in this Report

What is the 10-year outlook for the global Ballistic Steel Plate market?

What factors are driving Ballistic Steel Plate market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Ballistic Steel Plate market opportunities vary by end market size?

How does Ballistic Steel Plate break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.