Market Overview:
The global ballistic protection vest market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for ballistic protection vests from the military and law enforcement agencies across the globe. In addition, rising concerns over personal safety and security are also propelling the demand for ballistic protection vests in the global market. The global ballistic protection vest market is segmented on the basis of type, application, and region. On the basis of type,the market is segmented into ultrasonic sensor system, radar sensor system, image sensor system, and others. The ultrasonic sensor system segment dominatesthe global Ballistic Protection Vest Marketand is expected to grow at a CAGR of 6% duringthe forecast period from 2018to 2030 owingto its high accuracyand reliabilityin detecting threatsfrom long distances.
Product Definition:
A ballistic protection vest, also known as a bulletproof vest, is an item of personal armor that helps absorb the impact and reduce or stop penetration of bullets and other projectiles.
Ultrasonic Sensor System:
Ultrasonic Sensor System (U-SYS) is a high frequency transducer that produces an ultrasonic pulse and measures the time it takes for the sound wave to travel through an object. The time taken by the sound wave to travel through a person's body can be used to determine if he is wearing a ballistic protection vest.
Radar Sensor System:
A radar sensor system is a device that emits and receives radio-frequency electromagnetic waves in the form of pulses and measures the time it takes for these waves to travel from the emitting end to the receiving end. The system works on an optical principle, where a small beam of light is used as a reference point for measuring distances. A radar sensor system can be used in various applications such as ballistic protection vests, speed measurement devices, automobile adaptive cruise control systems among others.
Application Insights:
The OEM application segment dominated the global ballistic protection vest market in 2017. The primary factor contributing to the growth of this segment is that most of the defense agencies prefer to have their own system developed from scratch and integrate it with their existing infrastructure. This approach helps them in obtaining maximum benefit out of a given budget for developing a new system.
OEMs are primarily engaged in providing solutions for ballistic protection, safety & security, and other military applications such as logistics support, training aids and simulation systems. As per an article published by Defense-Update on 18 December 2016, there are six major OEMs including: BAE Systems; Elbit Systems; General Dynamics Corporation; Lockheed Martin Corporation.; Northrop Grumman Corporation.; Raytheon Company., URS Corp., etc. who are offering various products integrated with sensors & tracking systems along with data management & display consoles that enable soldiers to operate effectively even under adverse conditions such as battlefield stress or post traumatic stress disorder (PTSD).
Regional Analysis:
North America dominated the global ballistic protection vest market in 2017. The U.S., being a developed economy, has adopted advanced technologies early and is thus home to many prominent players operating in the global arena. These companies are continuously engaged in research & development activities to introduce technologically advanced products for military & law enforcement applications that meet or exceed government standards and specifications.
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to increasing geopolitical tensions between major economies such as India and China, which have led governments of both countries to strengthen their armed forces with high-tech equipment including body armor vests incorporating ballistic protection system components such as sensors, microprocessors, power supplies etc.; thereby positively impacting overall growth prospects of this region's market for ballistic protection vest. Moreover, rapid economic development coupled with rising crime rates across emerging economies including South Korea; Indonesia; Philippines; Thailand etc.
Growth Factors:
- Increasing demand for ballistic protection vest from law enforcement agencies and military forces across the globe.
- Rising incidences of terrorist attacks and cross-border firing incidents are expected to boost the demand for ballistic protection vests in the coming years.
- Growing awareness about the benefits of using ballistic protection vests among civilians is projected to fuel market growth in the near future.
- Technological advancements in ballistic protection vest design and manufacturing are anticipated to create new opportunities for market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ballistic Protection Vest Market Research Report
By Type
Ultrasonic Sensor System, Radar Sensor System, Image Sensor System, Others
By Application
OEM, Aftermarket
By Companies
Continental AG, Siemens, Bosch, ZF Friedrichshafen, Valeo, Ford
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Ballistic Protection Vest Market Report Segments:
The global Ballistic Protection Vest market is segmented on the basis of:
Types
Ultrasonic Sensor System, Radar Sensor System, Image Sensor System, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental AG
- Siemens
- Bosch
- ZF Friedrichshafen
- Valeo
- Ford
Highlights of The Ballistic Protection Vest Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ultrasonic Sensor System
- Radar Sensor System
- Image Sensor System
- Others
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ballistic Protection Vest Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A ballistic vest is a type of body armor that is designed to protect the wearer from gunfire. Ballistic vests are made from a variety of materials, including Kevlar, and are usually fitted with straps that allow them to be worn securely over the torso. They can also include protective plates or shields that help to deflect bullets away from the wearer's body.
Some of the key players operating in the ballistic protection vest market are Continental AG, Siemens, Bosch, ZF Friedrichshafen, Valeo, Ford.
The ballistic protection vest market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ballistic Protection Vest Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ballistic Protection Vest Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ballistic Protection Vest Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ballistic Protection Vest Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ballistic Protection Vest Market Size & Forecast, 2020-2028
4.5.1 Ballistic Protection Vest Market Size and Y-o-Y Growth
4.5.2 Ballistic Protection Vest Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ultrasonic Sensor System
5.2.2 Radar Sensor System
5.2.3 Image Sensor System
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ballistic Protection Vest Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ballistic Protection Vest Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ultrasonic Sensor System
9.6.2 Radar Sensor System
9.6.3 Image Sensor System
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ultrasonic Sensor System
10.6.2 Radar Sensor System
10.6.3 Image Sensor System
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ultrasonic Sensor System
11.6.2 Radar Sensor System
11.6.3 Image Sensor System
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ultrasonic Sensor System
12.6.2 Radar Sensor System
12.6.3 Image Sensor System
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ultrasonic Sensor System
13.6.2 Radar Sensor System
13.6.3 Image Sensor System
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ballistic Protection Vest Market: Competitive Dashboard
14.2 Global Ballistic Protection Vest Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental AG
14.3.2 Siemens
14.3.3 Bosch
14.3.4 ZF Friedrichshafen
14.3.5 Valeo
14.3.6 Ford
