IMARC Group has recently released a new research study “Bulletproof Vest Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What Are The Growth Prospects Of Bulletproof Vest Market?
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 on by 2027, exhibiting a growth rate (CAGR) of XX% during 2022-2027.
What is a Bulletproof Vest ?
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.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.
What Are The Key Factors Driving The Global Bulletproof Vest Market?
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.
Who Are The Key Players/Companies In The Global Bulletproof Vest Market?
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.
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, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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