While high-penetration firearms may partially be a myth, firearms did influence the design of armor a lot. Armor became less covering, and heavier in the parts it did cover. Basically, it devolved from what was almost a complete exoskeleton in the 15th century back to a helm, breastplate, vambraces, and greaves setup that an ancient Greek hoplite would have recognized. But a big part of this effect was social - firearms were cheap, logistically simple, and easy to train in, so armies got bigger, which meant armor needed to get cheaper to be affordable.