Bulletproof Vest Market Share, Size, Trends, Industry Analysis Report, By Type (Soft jacket, Hard jacket, and Others); By End-Use; By Protection level; By Material, By Region; Segment Forecast, 2023 - 2032

Bulletproof Vest Market Share, Size, Trends, Industry Analysis Report, By Type (Soft jacket, Hard jacket, and Others); By End-Use; By Protection level; By Material, By Region; Segment Forecast, 2023 - 2032

The global bulletproof vest market size is expected treach USD 2,232.34 million by 2032, according ta new study by Polaris Market Research. The report “Bulletproof Vest Market Share, Size, Trends, Industry Analysis Report, By Type (Soft jacket, Hard jacket, and Others); By End-Use; By Protection level; By Material, By Region; Segment Forecast, 2023-2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Companies and governments are making investments in the creation of advanced light vests with greater mobility that incorporate cutting-edge technologies like 3D printing and composite materials, which is anticipated topen up new market opportunities for producers of bulletproof vests over the forecast period. For instance, in December 2022, the Indian Army, which has been on heightened alert on the Northern borders as the tension endures, is launching a new attempt tpurchase bulletproof jackets, deterring innovators and start-ups due ta shortage of such garments. Under emergency budgetary authority granted by the government, the Indian Army is looking tpurchase more than 15,000 bulletproof jackets. Still, it has set restrictions that only established players can compete.

Additionally, the production of vests using nanotechnology materials, including titanium plating, para-aramid cloth, and other materials, will increase product penetration in the defense sector. In July 2021, Mishra Dhatu Nigam Limited (MIDHANI), a public sector enterprise under the Ministry of Defence that specializes in processing metals and metal alloys, is obtaining ready tcomplete commission of twnew production lines, which included the 550 crores special steel, titanium, and nickel aluminum sheet and plate-making plant at Kanchanbagh.

It will begin production of armored vehicle ownership and bulletproof jackets for the armed services in the second 60 crore rupee facility in Rohtak, Haryana. Additionally, the development of modular tactical vests and several military modernization initiatives, such as PONARS Eurasia, are some trends aiding market progress. Therefore, these investments in manufacturing facilities supported by the government are bolstering the production of advanced bulletproof jackets that drive the market's growth over the anticipated period.

Furthermore, the industry is expanding due tmilitary forces purchasing more guns and spending more on body armor tprotect personnel. The demand for ballistic protective systems is increasing due trising territorial disputes and international conflicts. Following this, developed and emerging nations increased their spending on defense modernization while shifting their attention tcutting-edge military gear. The Chinese People's Liberation Army (PLA) announced in 2020 that it would buy approximately 1.4 million high-quality body armor during the following twyears. The other major drivers of the bulletproof vest market growth include booming expenditures in product innovation and advancement and protecting the workers from the frivolities of conflict.

Bulletproof Vest Market Report Highlights

The security and law enforcement segment is anticipated tgrow at a fastest CAGR over the forecast period. The segment's expansion can alsbe attributable trising demand from users in the military and law enforcement.

The Level IIA segment accounted for significant global revenue share. The market is expanding because it is the lightest, coziest, most flexible, and easiest tconceal product available.

North America is expected tgrow at a considerable CAGR over the projected period. The regional market growth trends will be driven by several military modernization programs.

The global players include ARGUN, DuPont, Canadian Armor, ELMON, EnGarde, Honeywell International, Infidel Body, MARS Armor, MKU LIMITED, Safari Land, U.S. Armor Corporation, and VestGuard.

Polaris Market Research has segmented the Bulletproof Vest market report based on type, end-use, protection level, material, and region:

Bulletproof Vest, Type Outlook (Revenue - USD Million, 2019 - 2032)

Soft jacket

Hard jacket

Bulletproof Vest, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

Defense

Security & Law Enforcement

Civilians

Bulletproof Vest, Protection LevelOutlook (Revenue - USD Million, 2019 - 2032)

II

IIIA & IIIA+

III & III+

IV

Bulletproof Vest, Material Outlook (Revenue - USD Million, 2019 - 2032)

Kevlar

Ultra-High Molecular Weight Polyethylene (UHMWPE)

Graphene

Bulletproof Vest, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa