Bulletproof vest Market

Introduction of the Bulletproof Vest Market Report

A bulletproof vest is an armor that helps in protecting the soldiers from bullets, bomb explosions, knives, etc., by absorbing the impact of these weapons and stop the attack from penetrating the body. Soft vests are made of different layers of laminated and woven fibers, which prevent security guards and soldiers from shotguns, explosives, and small caliber hand-gun.

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Market Dynamic

Key Drivers and Emerging Trends

The significant factors augmenting the growth of the global bulletproof vest market are the rising military spending in most of the regions across the globe and the increase in terrorist and hostile activities, which are further forcing various nations to focus more on the protection of their dismounted infantry. Moreover, several technological advancements with the use of titanium plating, para-aramid textile, and other nanotechnology materials in the manufacturing of vests is expected to surge the growth of the market. Furthermore, the introduction of modular tactical vests and various military modernization programs, which include PONARS Eurasia, are some other factors, which play a crucial role in driving the growth of the global bulletproof vest market.

Growing cross-border tensions and territorial claims around the world is another factor surging the growth of the market. Both emerging and developed nations have substantially increased their expenditure on defense modernization with an inclining focus towards advanced military equipment. For instance, in 2020, the Chinese People’s Liberation Army (PLA) declared its plan to procure around 1.4 million units of high-quality body armors over the next two years. These factors are significantly contributing to the growth of the global bulletproof vest market.

Impact of COVID-19 on the Bulletproof Vest Market

During the COVID-19 pandemic, there was a huge impact on the defense sector, which resulted in a slowdown in the production of defense products. This slowdown or halt in the production of defense products due to the worldwide lockdown and declining defense expenditure created unprecedented challenges for the defense sector. These factors have negatively impacted the growth of the global bulletproof vest market during the widespread outbreak of the COVID-19 pandemic.

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Product – Segment Analysis

Based on the product, the flexible ballistic segment is projected to grow at a higher CAGR during the forecast period attributed to the lightweight feature of these vests. Flexible ballistic vests are made up of one or more ballistic materials, which include m-aramids, p-aramids, ceramic materials, and other fibers. These fibers make these vests an ideal choice for professions, such as law enforcement officers, private security personnel, bureaucrats, among others, where flexible and comfortable movements are given major importance. These factors are likely to boost the growth of the flexible ballistic segment in the global bulletproof vests market.

End-User – Segment Analysis

On the basis of the end-user, the military segment is anticipated to grow at a faster CAGR over the forecast period. This is mainly due to the increasing military expenditure to help militaries to invest in new soft and flexible body armor vest technologies and to procure body armor ofr their infantry on a large scale. The rising number of terrorist attacks and increasing geopolitical issues are growing the frequency of military operations, which is mandating the demand for bulletproof vests for the military. These factors are significantly contributing to the growth of the global bulletproof vest market.

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Region – Segment Analysis

Based on the region, the North America region is expected to grow at a higher CAGR over the forecast period. There have been various military modernization programs in the region, which include the Soldier Protection System – Torso & Extremity Protection (SPS-TEP) program, which supports the utilization of full-body armors for soldiers. Moreover, the increasing military expenditure across Canada and the US and the presence of key players, such as the US Armor Corporation, are some other factors, which play a vital role in supplementing the growth of the bulletproof vest market in the North America. 

Top Market Players

Various notable players operating in the market include Imperial Armour, PPSS Group, U.S. ARMOR CORPORATION, Survival Armor, Safariland, LLC, BAE Systems, VestGuard UK Ltd., Craig International Ballistics Pty. Ltd., DuPont, Armor Express, among others.

Key Developments

• • In 2020, Craig International Ballistics Pty. Ltd. was awarded a contract to supply bulletproof vests for Australian troops. The initial contract consists of the delivery of 750 soft armor inserts to the Australia Defense Force (ADF). 

Segments covered in the Report:

The global bulletproof vest market has been segmented on the basis of product, level of protection, end-user, and regions. Based on product, the market is segmented into flexible ballistic and hard ballistic. Based on level of protection, the market is segmented into level I, level II, level III, and level IV. Based on end-user, the market is segmented into military, law enforcement, and civil. 

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Key questions answered in this research report:

• • At what pace is global bulletproof vest market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in bulletproof vest market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global bulletproof vest market?
  • Which product generated maximum revenues in 2019 and identify the most promising product during the forecast period?
  • What are the various level of protection areas of global bulletproof vest market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Level of Protection, By End-User, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Imperial Armour, PPSS Group, U.S. ARMOR CORPORATION, Survival Armor, Safariland, LLC, BAE Systems, VestGuard UK Ltd., Craig International Ballistics Pty. Ltd., DuPont, Armor Express, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Bulletproof Vest Market by Product

• • Flexible Ballistic
  • Hard Ballistic

Global Bulletproof Vest Market by Level of Protection

• • Level I
  • Level II
  • Level III
  • Level IV

Global Bulletproof Vest Market by End-User

• • Military
  • Law Enforcement
  • Civil

Global Bulletproof Vest Market by Region

• • North America Bulletproof Vest Market (Option 1: As a part of the free 25% customization)
    • North America Bulletproof Vest Market by Product
    • North America Bulletproof Vest Market by Level of Protection
    • North America Bulletproof Vest Market by End-User
    • US Bulletproof Vest Market All-Up
    • Canada Bulletproof Vest Market All-Up
  • Europe Bulletproof Vest Market (Option 2: As a part of the free 25% customization)
    • Europe Bulletproof Vest Market by Product
    • Europe Bulletproof Vest Market by Level of Protection
    • Europe Bulletproof Vest Market by End-User
    • UK Bulletproof Vest Market All-Up
    • Germany Bulletproof Vest Market All-Up
    • France Bulletproof Vest Market All-Up
    • Spain Bulletproof Vest Market All-Up
    • Rest of Europe Bulletproof Vest Market All-Up
  • Asia-Pacific Bulletproof Vest Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Bulletproof Vest Market by Product
    • Asia-Pacific Bulletproof Vest Market by Level of Protection
    • Asia-Pacific Bulletproof Vest Market by End-User
    • China Bulletproof Vest Market All-Up
    • India Bulletproof Vest Market All-Up
    • Japan Bulletproof Vest Market All-Up
    • Rest of APAC Bulletproof Vest Market All-Up
  • RoW Bulletproof Vest Market (Option 4: As a part of the free 25% customization)
    • RoW Bulletproof Vest Market by Product
    • RoW Bulletproof Vest Market by Level of Protection
    • RoW Bulletproof Vest Market by End-User
    • Brazil Bulletproof Vest Market All-Up
    • South Africa Bulletproof Vest Market All-Up
    • Saudi Arabia Bulletproof Vest Market All-Up
    • UAE Bulletproof Vest Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Bulletproof Vest Market All-Up

Major Players Operating in the Bulletproof Vest (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Imperial Armour
  • PPSS Group
  • S. ARMOR CORPORATION
  • Survival Armor
  • Safariland, LLC
  • BAE Systems
  • VestGuard UK Ltd.
  • Craig International Ballistics Pty. Ltd.
  • DuPont
  • Armor Express