Bulletproof Vest Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Bulletproof Vest Market
The Bulletproof Vest Market size was valued at USD 12.71 billion in 2023, and the market is now projected to grow to 33.74 USD billion by 2032, exhibiting a CAGR of 7.80% during the forecast period of 2023-2030.
This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps to stop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related to this domain. The COVID-19 pandemic has an influence on the world economy through lowering demand, disrupting the market's supply chain, and having a negative financial impact on businesses and financial markets. The COVID-19 pandemic has affected the defense sector. The dynamics of this industry have changed as a result of decreased demand and postponed product deliveries. Production of defense products slowed as a result of the lockdown's severe effects on the defense industry. These factors affected the Bulletproof Vest Market Growth.
This is the major factor attributing the growth of this particular market. This factor is majorly involved in taking the revenue numbers above the skies and soaring greater heights and also the sales and demands have been proliferation and increased its value to greater extent. A lot of growth has been observed in the recent times because of this particular factor that contributed and also acted as a catalyst to the overall development of the product market. Cross-border conflicts, political upheaval, and other factors are causing nations all around the world to increase their armed forces. The market's expansion is driven by rising defense spending and the purchase of cutting-edge vests for law enforcement and military personnel. The market is anticipated to develop as a result. This has ultimately outraged the sales and demand for this particular market growth and prosperity. These particular growth driving factors have been recorded to attribute the Bulletproof Vest Market share.
A latest trend has been witnessed to proliferate the market growth. This particular trend has been recorded to be the most profiting trends that have been upgraded to augment the overall market growth. Because of their improved comfort, decreased weight, and affordability, lightweight and flexible body armor has become more and more popular in recent years. The market will expand due to the growing need for lightweight body armor from end users, including law enforcement, military personnel, and citizens. Police officers, soldiers, and others find it challenging to wear and move freely in the heavyweight vests on the battlefield. A lot of specifications have been made to this particular product which has benefited the market growth. This specific trend has influenced the market growth so much so that the revenue and share numbers of this particular product is touching the skies and soaring over.
Comprehensive Analysis of Bulletproof Vest Market
The segmentation of this particular market has been divided and then further subdivided into various categories. Graphene, Kevlar, and ultra-high-molecular-weight polyethylene (UHMWPE) are the three material-based market segments. The Kevlar sector is the one with the largest market share among these. According to kind, the market is divided into level IIA, level II, level IIIA, level III, and level IV. While level III and IV have hard armor plates, levels IIA, II, and IIIA are soft body armors. The market is divided by product into two categories: hard armor plates and flexible ballistic plates. The market is divided into three end-user segments: military, law enforcement, and civilian. The market's largest shares are held by the military segment.
This particular region has augmented a lot in the past few years in this particular product market. This specific region held the biggest revenue share. With the largest market shares, North America led the industry. The largest defense spending on the acquisition of cutting-edge body armor is linked to this increase. Only the purchase of body armor for the army cost the United States millions This particular region has experienced immense proliferation in the market shares and has attributed to the global market revenue.
Global markets are fiercely competitive and highly fragmented. Due to their creative packaging solutions, a few group of large market companies hold a fair amount of market share. Some of the major Companies includes Armor Express (U.S.), BulletSafe Bulletproof Vests (U.S.), DuPont (U.S.), EnGarde Body Armor (Netherlands), Honeywell International, Inc. (U.S.), and MARS Armor (Bulgaria).
In April 2021, This particular company has attributed the market growth in terms of revenue and shares system. A new lightweight, 9-kg bulletproof jacket (BPJ) was created by the Defense Research and Development Organization. In warfare and counterinsurgency operations, it will shield soldiers from heavy steel core bullets in all directions. This particular development and investment the global market has been recorded to be a boon for the market growth.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD million)
Segmentation By Material
Kevlar
Ultra-High-Molecular-Weight Polyethylene (UHMWPE)
Graphene
By Type
Level IIA
Level II
Level IIIA
Level III
Level IV
By Product
Flexible Ballistic
Hard Armor Plate
By End User
Military
Law Enforcement
Civil
By Geography
North America (By Material, Type, Product, End User, and Country)
The U.S.
Canada
Europe (By Material, Type, Product, End User, and Country)
The U.K.
Germany
France
Russia
Rest of Europe
Asia Pacific (By Material, Type, Product, End User, and Country)
China
India
Japan
Australia
Rest of Asia Pacific
Rest of the World (By Material, Type, Product, End User, and Sub-Region)
The Middle East & Africa
Latin America
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments –Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 5. Quantitative Insights- Impact of COVID-19 Pandemic on Bulletproof Vest Market
- 5.1. Impact of COVID-19 on Global Bulletproof Vest Market
- 5.2. Steps Taken by Industry/Companies/Governments to Overcome the Impact
- 5.3. Key Developments in The Industry in Response To COVD-19 Pandemic
- 5.4. Potential Opportunities Due to COVID-19 Outbreak
- 6. Global Bulletproof Vest Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Material
- 6.2.1. Kevlar
- 6.2.2. Ultra-High-Molecular-Weight Polyethylene (UHMWPE)
- 6.2.3. Graphene
- 6.3. Market Analysis, Insights and Forecast – By Type
- 6.3.1. Level IIA
- 6.3.2. Level II
- 6.3.3. Level IIIA
- 6.3.4. Level III
- 6.3.5. Level IV
- 6.4. Market Analysis, Insights and Forecast – By Product
- 6.4.1. Flexible Ballistic
- 6.4.2. Hard Armor Plate
- 6.5. Market Analysis, Insights and Forecast – By End User
- 6.5.1. Military
- 6.5.2. Law Enforcement
- 6.5.3. Civil
- 6.6. Market Analysis, Insights and Forecast – By Region
- 6.6.1. North America
- 6.6.2. Europe
- 6.6.3. Asia pacific
- 6.6.4. Rest of the world
- 7. North America Bulletproof Vest Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Market Analysis, Insights and Forecast – By Material
- 7.1.1. Kevlar
- 7.1.2. Ultra-High-Molecular-Weight Polyethylene (UHMWPE)
- 7.1.3. Graphene
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Level IIA
- 7.2.2. Level II
- 7.2.3. Level IIIA
- 7.2.4. Level III
- 7.2.5. Level IV
- 7.3. Market Analysis, Insights and Forecast – By Product
- 7.3.1. Flexible Ballistic
- 7.3.2. Hard Armor Plate
- 7.4. Market Analysis, Insights and Forecast – By End User
- 7.4.1. Military
- 7.4.2. Law Enforcement
- 7.4.3. Civil
- 7.5. Market Analysis – By Country
- 7.5.1. The U.S.
- 7.5.2. Canada
- 8. Europe Bulletproof Vest Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Market Analysis, Insights and Forecast – By Material
- 8.1.1. Kevlar
- 8.1.2. Ultra-High-Molecular-Weight Polyethylene (UHMWPE)
- 8.1.3. Graphene
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Level IIA
- 8.2.2. Level II
- 8.2.3. Level IIIA
- 8.2.4. Level III
- 8.2.5. Level IV
- 8.3. Market Analysis, Insights and Forecast – By Product
- 8.3.1. Flexible Ballistic
- 8.3.2. Hard Armor Plate
- 8.4. Market Analysis, Insights and Forecast – By End User
- 8.4.1. Military
- 8.4.2. Law Enforcement
- 8.4.3. Civil
- 8.5. Market Analysis – By Country
- 8.5.1. The U.K
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Russia
- 8.5.5. Rest of Europe
- 9. Asia Pacific Bulletproof Vest Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Market Analysis, Insights and Forecast – By Material
- 9.1.1. Kevlar
- 9.1.2. Ultra-High-Molecular-Weight Polyethylene (UHMWPE)
- 9.1.3. Graphene
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Level IIA
- 9.2.2. Level II
- 9.2.3. Level IIIA
- 9.2.4. Level III
- 9.2.5. Level IV
- 9.3. Market Analysis, Insights and Forecast – By Product
- 9.3.1. Flexible Ballistic
- 9.3.2. Hard Armor Plate
- 9.4. Market Analysis, Insights and Forecast – By End User
- 9.4.1. Military
- 9.4.2. Law Enforcement
- 9.4.3. Civil
- 9.5. Market Analysis – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. Rest of Asia-Pacific
- 10. Rest of the World Bulletproof Vest Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Market Analysis, Insights and Forecast – By Material
- 10.1.1. Kevlar
- 10.1.2. Ultra-High-Molecular-Weight Polyethylene (UHMWPE)
- 10.1.3. Graphene
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. Level IIA
- 10.2.2. Level II
- 10.2.3. Level IIIA
- 10.2.4. Level III
- 10.2.5. Level IV
- 10.3. Market Analysis, Insights and Forecast – By Product
- 10.3.1. Flexible Ballistic
- 10.3.2. Hard Armor Plate
- 10.4. Market Analysis, Insights and Forecast – By End User
- 10.4.1. Military
- 10.4.2. Law Enforcement
- 10.4.3. Civil
- 10.5. Market Analysis – By Sub-Region
- 10.5.1. The Middle East & Africa
- 10.5.2. Latin America
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis (2019)
- 11.2. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 11.2.1. Armor Express
- 11.2.1.1. Overview,
- 11.2.1.2. Products & services,
- 11.2.1.3. SWOT analysis,
- 11.2.1.4. Recent developments,
- 11.2.1.5. strategies,
- 11.2.1.6. financials (based on availability)
- 11.2.2. BulletSafe Bulletproof Vests
- 11.2.2.1. Overview,
- 11.2.2.2. Products & services,
- 11.2.2.3. SWOT analysis,
- 11.2.2.4. Recent developments,
- 11.2.2.5. strategies,
- 11.2.2.6. financials (based on availability)
- 11.2.3. DuPont
- 11.2.3.1. Overview,
- 11.2.3.2. Products & services,
- 11.2.3.3. SWOT analysis,
- 11.2.3.4. Recent developments,
- 11.2.3.5. strategies,
- 11.2.3.6. financials (based on availability)
- 11.2.4. EnGarde Body Armor
- 11.2.4.1. Overview,
- 11.2.4.2. Products & services,
- 11.2.4.3. SWOT analysis,
- 11.2.4.4. Recent developments,
- 11.2.4.5. strategies,
- 11.2.4.6. financials (based on availability)
- 11.2.5. Honeywell International, Inc.
- 11.2.5.1. Overview,
- 11.2.5.2. Products & services,
- 11.2.5.3. SWOT analysis,
- 11.2.5.4. Recent developments,
- 11.2.5.5. strategies,
- 11.2.5.6. financials (based on availability)
- 11.2.6. MARS Armor
- 11.2.6.1. Overview,
- 11.2.6.2. Products & services,
- 11.2.6.3. SWOT analysis,
- 11.2.6.4. Recent developments,
- 11.2.6.5. strategies,
- 11.2.6.6. financials (based on availability)
- 11.2.7. MKU Limited
- 11.2.7.1. Overview,
- 11.2.7.2. Products & services,
- 11.2.7.3. SWOT analysis,
- 11.2.7.4. Recent developments,
- 11.2.7.5. strategies,
- 11.2.7.6. financials (based on availability)
- 11.2.8. Point Blank Enterprises, Inc.
- 11.2.8.1. Overview,
- 11.2.8.2. Products & services,
- 11.2.8.3. SWOT analysis,
- 11.2.8.4. Recent developments,
- 11.2.8.5. strategies,
- 11.2.8.6. financials (based on availability)
- 11.2.9. Safariland, LLC.
- 11.2.9.1. Overview,
- 11.2.9.2. Products & services,
- 11.2.9.3. SWOT analysis,
- 11.2.9.4. Recent developments,
- 11.2.9.5. strategies,
- 11.2.9.6. financials (based on availability)
- 11.2.10. U.S. ARMOR CORPORATION
- 11.2.10.1. Overview,
- 11.2.10.2. Products & services,
- 11.2.10.3. SWOT analysis,
- 11.2.10.4. Recent developments,
- 11.2.10.5. strategies,
- 11.2.10.6. financials (based on availability)
- 11.2.11. VestGuard UK Ltd.
- 11.2.11.1. Overview,
- 11.2.11.2. Products & services,
- 11.2.11.3. SWOT analysis,
- 11.2.11.4. Recent developments,
- 11.2.11.5. strategies,
- 11.2.11.6. financials (based on availability)
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