Market Overview:
The global ballistic vests market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ballistic vests from military and civil users. In addition, the increasing awareness about personal safety and security is also contributing to the growth of the global ballistic vests market. The global Ballistic Vests Market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into soft ballistic vests and hard ballistic vests. Soft ballistic vest are made up of flexible materials such as Kevlar or Twaron which offer protection against low-velocity threats such as handgun rounds or shrapnel fragments from explosive devices.
Product Definition:
A ballistic vest is a piece of body armor that helps protect the wearer from gunshots. Ballistic vests are typically made of Kevlar, a lightweight and strong synthetic fiber. They come in different shapes and sizes to fit different people. Ballistic vests are important because they can save lives by stopping or slowing down bullets from hitting the wearer.
Soft Ballistic Vests:
Soft ballistic vests are made of different layers of fabrics and laminated materials. The outer layer is made up of soft fabric such as cotton, which provides better comfort to the user while the inner layer is made up of hard wearing material such as Nylon or Polyester. These types of vests are designed to offer protection against low velocity threats that may not cause severe injuries but can hinder military operations.
Hard Ballistic Vests:
Hard ballistic vests are made of ceramics or composites and are designed to stop high-velocity projectiles, such as a .45ACP bullet. They can also protect against shrapnel and explosives. The vest may stop the bullet but it will not prevent injuries from other flying particles. It is one of the components used in ballistic protection equipment along with helmets, gloves, body armor etc.
Application Insights:
The military use segment dominated the global ballistic vests market in 2017. The increasing number of terrorist attacks across the world has led to an increased demand for these protective gears among soldiers. Furthermore, governments are making efforts to enhance personal protection for armed forces personnel by adopting advanced protective gears such as body armors and combat helmets. This is expected to drive the product demand over the forecast period.
Civil use of ballistic armor is gaining popularity due to its ability to protect against handgun and rifle shots as well as shrapnel from explosions and flying debris.
Regional Analysis:
North America dominated the global ballistic vest market in 2017 with a revenue share of over 35%. The U.S. is one of the most lucrative markets for law enforcement agencies as well as military across the globe owing to high demand for body armor from both these sectors. Moreover, rising cases of terrorist attacks and increasing threat perception by various government agencies are expected to drive product demand in North America region over the forecast period.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to growing concerns pertaining to personal safety and security among individuals, especially in developing economies such as India and China along with other Southeast Asian countries.
Growth Factors:
- Increasing demand for ballistic vests from the military and law enforcement agencies across the globe.
- Rising incidences of terrorist attacks and cross-border firing incidents are expected to boost the demand for ballistic vests in near future.
- Growing awareness about the benefits of using ballistic vests among civilians is projected to fuel the growth of global ballistic vest market in coming years.
- Technological advancements in manufacturing process of ballistic vests is anticipated to create new opportunities for this market in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ballistic Vests Market Research Report
By Type
Soft Ballistic Vests, Hard Ballistic Vests
By Application
Military Use, Civil Use
By Companies
U.S. Armor Corporation, VestGuard, Canarmor, Black Hawk, BulletSafe, Armourshield, EnGarde, MARS Armor, MKU Limited, Wenzhou Start Co. Ltd, U.S. Armor Corporation, Point Blank Enterprises, BAE Systems, Safariland, Wolverine, Ningbo Dacheng, Ceradyne, Jihua Group, Huaan Securit, KDH Defense, TenCate, ADA, Anjani Technoplast, DFNS Group
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Ballistic Vests Market Report Segments:
The global Ballistic Vests market is segmented on the basis of:
Types
Soft Ballistic Vests, Hard Ballistic Vests
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
Military Use, Civil Use
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:
- U.S. Armor Corporation
- VestGuard
- Canarmor
- Black Hawk
- BulletSafe
- Armourshield
- EnGarde
- MARS Armor
- MKU Limited
- Wenzhou Start Co. Ltd
- U.S. Armor Corporation
- Point Blank Enterprises
- BAE Systems
- Safariland
- Wolverine
- Ningbo Dacheng
- Ceradyne
- Jihua Group
- Huaan Securit
- KDH Defense
- TenCate
- ADA
- Anjani Technoplast
- DFNS Group
Highlights of The Ballistic Vests 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:
- Soft Ballistic Vests
- Hard Ballistic Vests
- By Application:
- Military Use
- Civil Use
- 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 Vests 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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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?
Ballistic vests are a type of body armor that protect the wearer from bullets and fragments. They are typically made from Kevlar, which is a strong synthetic fiber.
Some of the key players operating in the ballistic vests market are U.S. Armor Corporation, VestGuard, Canarmor, Black Hawk, BulletSafe, Armourshield, EnGarde, MARS Armor, MKU Limited, Wenzhou Start Co. Ltd, U.S. Armor Corporation, Point Blank Enterprises, BAE Systems, Safariland, Wolverine, Ningbo Dacheng, Ceradyne, Jihua Group, Huaan Securit, KDH Defense, TenCate, ADA, Anjani Technoplast, DFNS Group.
The ballistic vests 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 Vests 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 Vests Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ballistic Vests 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 Vests 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 Vests Market Size & Forecast, 2018-2028
4.5.1 Ballistic Vests Market Size and Y-o-Y Growth
4.5.2 Ballistic Vests Market Absolute $ Opportunity
Chapter 5 Global Ballistic Vests 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 Ballistic Vests Market Size Forecast by Type
5.2.1 Soft Ballistic Vests
5.2.2 Hard Ballistic Vests
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ballistic Vests 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 Ballistic Vests Market Size Forecast by Applications
6.2.1 Military Use
6.2.2 Civil Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ballistic Vests 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 Vests 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 Ballistic Vests Analysis and Forecast
9.1 Introduction
9.2 North America Ballistic Vests 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 Ballistic Vests Market Size Forecast by Type
9.6.1 Soft Ballistic Vests
9.6.2 Hard Ballistic Vests
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 Ballistic Vests Market Size Forecast by Applications
9.10.1 Military Use
9.10.2 Civil Use
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 Ballistic Vests Analysis and Forecast
10.1 Introduction
10.2 Europe Ballistic Vests 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 Ballistic Vests Market Size Forecast by Type
10.6.1 Soft Ballistic Vests
10.6.2 Hard Ballistic Vests
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 Ballistic Vests Market Size Forecast by Applications
10.10.1 Military Use
10.10.2 Civil Use
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 Ballistic Vests Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ballistic Vests 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 Ballistic Vests Market Size Forecast by Type
11.6.1 Soft Ballistic Vests
11.6.2 Hard Ballistic Vests
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 Ballistic Vests Market Size Forecast by Applications
11.10.1 Military Use
11.10.2 Civil Use
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 Ballistic Vests Analysis and Forecast
12.1 Introduction
12.2 Latin America Ballistic Vests 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 Ballistic Vests Market Size Forecast by Type
12.6.1 Soft Ballistic Vests
12.6.2 Hard Ballistic Vests
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 Ballistic Vests Market Size Forecast by Applications
12.10.1 Military Use
12.10.2 Civil Use
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) Ballistic Vests Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ballistic Vests 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) Ballistic Vests Market Size Forecast by Type
13.6.1 Soft Ballistic Vests
13.6.2 Hard Ballistic Vests
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) Ballistic Vests Market Size Forecast by Applications
13.10.1 Military Use
13.10.2 Civil Use
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 Vests Market: Competitive Dashboard
14.2 Global Ballistic Vests Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 U.S. Armor Corporation
14.3.2 VestGuard
14.3.3 Canarmor
14.3.4 Black Hawk
14.3.5 BulletSafe
14.3.6 Armourshield
14.3.7 EnGarde
14.3.8 MARS Armor
14.3.9 MKU Limited
14.3.10 Wenzhou Start Co. Ltd
14.3.11 U.S. Armor Corporation
14.3.12 Point Blank Enterprises
14.3.13 BAE Systems
14.3.14 Safariland
14.3.15 Wolverine
14.3.16 Ningbo Dacheng
14.3.17 Ceradyne
14.3.18 Jihua Group
14.3.19 Huaan Securit
14.3.20 KDH Defense
14.3.21 TenCate
14.3.22 ADA
14.3.23 Anjani Technoplast
14.3.24 DFNS Group
