Market Overview:
The global bulletproof vest 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 bulletproof vests from military and law enforcement agencies across the globe. In addition, the growing awareness about personal safety and security is also contributing to the growth of this market. The global bulletproof vest market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into soft bulletproof vest, hard bulletproof vest, and composite bulletproof vest. The soft ballistic vests are made up of woven or non-woven fabrics such as Kevlar®, Twaron®, Goldflex® etc., which offer protection against low-velocity threats such as handguns rounds and shrapnel fragments from explosive devices.
Product Definition:
A bulletproof vest is a type of body armor that helps protect the wearer from gunfire. It is typically made of Kevlar, a tough synthetic fiber that can resist penetration by bullets.
Soft Bulletproof Vest:
Soft bulletproof vests are made of flexible, soft and lightweight material. It can stop a 0.357 Magnum Jacketed Soft Point (JSP) from traveling at 1,500 ft/s to 250 ft/s. The vest is designed to stop low-velocity bullets or pellets that are intended to hit the target at short range (10 meters or less). These vests can be used by law enforcement officers and military personnel as an additional protection equipment against armed attacks.
Hard Bulletproof Vest:
Hard bulletproof vest is a type of body armor that protects the wearer from high-velocity bullets and shrapnel. It is also known as soft armor or ballistic plate carrier. The vest consists of a number of small and medium metal plates, which can be used to absorb the impact energy from bullets, knives, and IED blasts.
Application Insights:
The military use segment dominated the global bulletproof vest market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to increasing government expenditure on military modernization and procurement of advanced protective gears for soldiers, including ballistic shields and vests with integrated shield system.
The demand from police applications is expected to witness a CAGR of XX% from 2018 to 2030 owing to rising awareness regarding personal safety among policemen and women officers patrolling alone at night hours across countries such as India China Japan U.S., etc., where crime rates are high compared with other parts of the world are likely to propel product demand globally over the forecast period 18%.
Regional Analysis:
North America dominated the global bulletproof vest market in 2017. The region is expected to witness a considerable growth rate of over 6% from 2018 to 2030. This can be attributed to increasing crime rates, growing terrorist threats and rising government initiatives for providing security at public places. For instance, as per the National Crime Victimization Survey (NCVS) conducted by Bureau of Justice Assistance (BJA), in 2016 around 1 out of 3 people have been victims of violent crimes such as rape, robbery or aggravated assault involving injury during the year 2012. In addition, according to BJA around 2 million households were victimsof household burglary occurred in U.S.
Growth Factors:
- Increasing demand for bulletproof vests from the law enforcement and military sectors due to rising terrorism and crime rates.
- Growing popularity of bulletproof vests among civilians due to increasing awareness about their safety benefits.
- Rising investments by governments in public safety infrastructure, which is expected to drive the demand for bulletproof vests in the coming years.
- Technological advancements in ballistic materials and fabrics used in manufacturing bulletproof vests, resulting in better protection against bullets and other projectiles fired at high speeds.
- Growing trend of using body armor as a fashion statement among celebrities and affluent individuals, which is likely to boost the demand for bulletproof vests in the near future
Scope Of The Report
Report Attributes
Report Details
Report Title
Bulletproof Vest Market Research Report
By Type
Soft Bulletproof Vest, Hard Bulletproof Vest, Composite Bulletproof Vest
By Application
Military Use, Police Use
By Companies
PBE, BAE Systems, Safariland, Australian Defence Apparel, ArmorSource, Survitec Group Limited, Sarkar Defense Solution, MKU, KDH Defense Systems, U.S. Armor Corporation, PBE, Honeywell International
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
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Bulletproof Vest Market Report Segments:
The global Bulletproof Vest market is segmented on the basis of:
Types
Soft Bulletproof Vest, Hard Bulletproof Vest, Composite Bulletproof Vest
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, Police 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:
- PBE
- BAE Systems
- Safariland
- Australian Defence Apparel
- ArmorSource
- Survitec Group Limited
- Sarkar Defense Solution
- MKU
- KDH Defense Systems
- U.S. Armor Corporation
- PBE
- Honeywell International
Highlights of The Bulletproof 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:
- Soft Bulletproof Vest
- Hard Bulletproof Vest
- Composite Bulletproof Vest
- By Application:
- Military Use
- Police 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 Bulletproof 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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 bulletproof vest is a type of body armor that is designed to protect the wearer from gunfire. Bulletproof vests typically consist of a series of layers, made from different materials, that are designed to stop bullets from penetrating the body.
Some of the key players operating in the bulletproof vest market are PBE, BAE Systems, Safariland, Australian Defence Apparel, ArmorSource, Survitec Group Limited, Sarkar Defense Solution, MKU, KDH Defense Systems, U.S. Armor Corporation, PBE, Honeywell International.
The bulletproof vest market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bulletproof 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 Bulletproof Vest Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bulletproof 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 Bulletproof 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 Bulletproof Vest Market Size & Forecast, 2018-2028
4.5.1 Bulletproof Vest Market Size and Y-o-Y Growth
4.5.2 Bulletproof Vest Market Absolute $ Opportunity
Chapter 5 Global Bulletproof Vest 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 Bulletproof Vest Market Size Forecast by Type
5.2.1 Soft Bulletproof Vest
5.2.2 Hard Bulletproof Vest
5.2.3 Composite Bulletproof Vest
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bulletproof Vest 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 Bulletproof Vest Market Size Forecast by Applications
6.2.1 Military Use
6.2.2 Police Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bulletproof 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 Bulletproof 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 Bulletproof Vest Analysis and Forecast
9.1 Introduction
9.2 North America Bulletproof Vest 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 Bulletproof Vest Market Size Forecast by Type
9.6.1 Soft Bulletproof Vest
9.6.2 Hard Bulletproof Vest
9.6.3 Composite Bulletproof Vest
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 Bulletproof Vest Market Size Forecast by Applications
9.10.1 Military Use
9.10.2 Police 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 Bulletproof Vest Analysis and Forecast
10.1 Introduction
10.2 Europe Bulletproof Vest 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 Bulletproof Vest Market Size Forecast by Type
10.6.1 Soft Bulletproof Vest
10.6.2 Hard Bulletproof Vest
10.6.3 Composite Bulletproof Vest
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 Bulletproof Vest Market Size Forecast by Applications
10.10.1 Military Use
10.10.2 Police 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 Bulletproof Vest Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bulletproof Vest 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 Bulletproof Vest Market Size Forecast by Type
11.6.1 Soft Bulletproof Vest
11.6.2 Hard Bulletproof Vest
11.6.3 Composite Bulletproof Vest
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 Bulletproof Vest Market Size Forecast by Applications
11.10.1 Military Use
11.10.2 Police 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 Bulletproof Vest Analysis and Forecast
12.1 Introduction
12.2 Latin America Bulletproof Vest 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 Bulletproof Vest Market Size Forecast by Type
12.6.1 Soft Bulletproof Vest
12.6.2 Hard Bulletproof Vest
12.6.3 Composite Bulletproof Vest
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 Bulletproof Vest Market Size Forecast by Applications
12.10.1 Military Use
12.10.2 Police 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) Bulletproof Vest Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bulletproof Vest 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) Bulletproof Vest Market Size Forecast by Type
13.6.1 Soft Bulletproof Vest
13.6.2 Hard Bulletproof Vest
13.6.3 Composite Bulletproof Vest
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) Bulletproof Vest Market Size Forecast by Applications
13.10.1 Military Use
13.10.2 Police 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 Bulletproof Vest Market: Competitive Dashboard
14.2 Global Bulletproof Vest Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PBE
14.3.2 BAE Systems
14.3.3 Safariland
14.3.4 Australian Defence Apparel
14.3.5 ArmorSource
14.3.6 Survitec Group Limited
14.3.7 Sarkar Defense Solution
14.3.8 MKU
14.3.9 KDH Defense Systems
14.3.10 U.S. Armor Corporation
14.3.11 PBE
14.3.12 Honeywell International
