Global Bulletproof Vest Market Growth 2023-2029

Global Bulletproof Vest Market Growth 2023-2029

A bulletproof vest, also known as a bullet-resistant vest or ballistic vest is a type of personal protective equipment. It is used by the military, law enforcement personals, and many times by civilians as a protective cover against bullets and shrapnel from explosions. Soft bulletproof vests weigh less and provide protection against small-caliber handguns. Hard bulletproof vests are used in combat, high-risk tactical missions, and hostage rescue missions.

LPI (LP Information)' newest research report, the “Bulletproof Vest Industry Forecast” looks at past sales and reviews total world Bulletproof Vest sales in 2022, providing a comprehensive analysis by region and market sector of projected Bulletproof Vest sales for 2023 through 2029. With Bulletproof Vest sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bulletproof Vest industry.

This Insight Report provides a comprehensive analysis of the global Bulletproof Vest landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bulletproof Vest portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bulletproof Vest market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bulletproof Vest and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bulletproof Vest.

The global Bulletproof Vest market size is projected to grow from US$ 1562.2 million in 2022 to US$ 2238 million in 2029; it is expected to grow at a CAGR of 2238 from 2023 to 2029.

The soft vest is made of different layers of woven and laminated fibers that protect soldiers, security guards from shotgun, small caliber hand gun, and explosives. Ballistic plates are often inserted inside the soft vests. In addition, metal plates can be used with soft vests, thereby providing extra protection against rifles and knife stabbing. These vests use different layers of strong fibers that bends bullet, spreading its force over a wider portion of the fiber thus growing the bullet into a dish shape.

This report presents a comprehensive overview, market shares, and growth opportunities of Bulletproof Vest market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Soft Vest
Hard Vest

Segmentation by application
Defense
Civilians
Law Enforcement

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
VestGuard UK
Point Black Body Armor
Canarmor
Black Hawk
Armour Wear
BulletBlocker
EnGarde
Imperial Armour
PPSS
Survival Armor
US Armor

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bulletproof Vest market?

What factors are driving Bulletproof Vest market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bulletproof Vest market opportunities vary by end market size?

How does Bulletproof Vest break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.