The latest research study “Bulletproof Vest Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that
the global bulletproof vest market size reached US$ XX Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ XX Billion by 2027 exhibiting a CAGR of XX% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
A bulletproof vest represents a protective covering worn to shield the body against bullets and shrapnel. It usually safeguards soldiers from bomb explosions by absorbing the force and preventing the attack from penetrating the body. In addition to this, a bulletproof vest is produced by using various materials, such as ultra-high molecular weight polyethylene (UHMWPE), graphene, Kevlar, etc.
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Furthermore, based on type, it is categorized into soft and hard variants. Soft bulletproof vests protect against small-caliber rounds from handguns, whereas the latter is utilized in counterterrorism, military combat, counterinsurgency, hostage rescue missions, etc.
Bulletproof Vest Market Trends and Drivers:
The increasing geopolitical tension and the rising prevalence of terrorist attacks are bolstering the need for civilian and military protection, which is primarily driving the bulletproof vest market. Additionally, the growing focus on minimizing casualties during combat situations and the escalating demand for military modernization to improve national security are further catalyzing the market growth.
Besides this, government bodies and several defense organizations are adopting next-generation weaponry systems, such as novel bulletproof vests, to support and enhance the survivability of military troops, which is acting as another significant growth-inducing factor.
Moreover, the inflating popularity of bulletproof vests for numerous commercial security applications, including healthcare security, retail security, transportation security, etc., is also positively influencing the global market. Apart from this, the introduction of lightweight variants with increased mobility that is manufactured via the use of composite materials and the integration of advanced technologies, such as 3D printing, is anticipated to fuel the bulletproof vest market over the forecasted period.
|Bulletproof Vest Market Report Scope|
|Market size value in 2021||US$ XX Million|
|Market forecast in 2027||US$ XX Billion|
|Growth Rate||CAGR of XX% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, And Trends|
|Segments covered||Product, Material, Type And End User.|
|Regional scope||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Key companies profiled||Armourshield Ltd., Bulletsafe Bulletproof Vests, DuPont de Nemours Inc., Elmon S.A., EnGarde body armor, Honeywell International Inc., MARS Armor, MKU Limited, Point Blank Enterprises Inc., Seyntex N.V., U.S. Armor Corporation and VestGuard UK Ltd.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization purview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
Breakup by Product:
- Flexible Ballistic
- Hard Armor Plate
Breakup by Material:
- Ultra-High Molecular Weight Polyethylene (UHMWPE)
Breakup by Type:
- Level IIA
- Level II
- Level IIIA
- Level III
- Level IV
Breakup by End User:
- Law Enforcement
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
List of Major Key Players:
The major players in the market are Armourshield Ltd., Bulletsafe Bulletproof Vests, DuPont de Nemours Inc., Elmon S.A., EnGarde body armor, Honeywell International Inc., MARS Armor, MKU Limited, Point Blank Enterprises Inc., Seyntex N.V., U.S. Armor Corporation and VestGuard UK Ltd.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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