Bulletproof Vest Market Highlights on Growth Opportunities |Prominent Key Players are EnGarde, Imperial Armour, PPSS, Survival Armor, U.S. Armor Corporation, BAE Systems
Globally rising public protests concerning religious, racial, and political differences, have increased the sales of bullet resistant vests. Citing an instance, in September 2020, Thyk Skynn, a leading Black-owned line of fashionable bulletproof vests for children, women, and men, reportedly witnessed around 400% rise in sales over the last few weeks. The sale increased after innocent people were worried regarding their protection from police shootings and other random acts of violence. The new vests come in different sizes and colors and has a ballistic armor panel carrier, the ballistic material can also be placed underneath.
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In terms of application, the covert bulletproof vests application segment is set to grow at a substantial CAGR of more than 6.5% over the forecast timeframe. The anticipated growth is ascribed to its comfort underneath regular clothing. This has further surged its demand across numerous HNWIs and among several end-users like businessmen, bureaucrats among many others.
With regards to the protection segment, the level IV-based bulletproof vests segment is estimated to expand at a healthy CAGR of about 6.7% through the threshold timespan. This growth is ascribed to the fact that the level IV products offer the highest security among all available options. They are known to offer protection against high caliber ammunition like 0.30 mm caliber bullets, thereby increasing their preference in defense operations.
With respect to the geographical terrain, Europe is anticipated to come up as a vital revenue pocket for bulletproof vest market. An upsurge in the product demand from the military sectors across various countries like the UK, Russia, and France is projected to drive the Europe bulletproof vests market. In fact, the segment is projected to expand at a CAGR of 6.6% through the forecast timespan. The aforementioned countries and many more are adopting bulletproof vests in order to safeguard their respective military personnel.
Bulletproof vest market in Europe is expected to witness more than 6.6% CAGR due to rising demand from top military users including the UK, Russia, and France that buy exceedingly large volumes of bulletproof vests in order to guard military soldiers. Moreover, the launch of numerous military modernization programs across European regions, like France’s FELIN program and PONARS Eurasia program of Russia will further contribute towards market expansion.
Some of the key industry players operating in the bulletproof vest market include PPSS, Sarkar Defense Solution, Honeywell International, BAE Systems, Point Blank Body Armor, C.P.E. Production, Survival Armor, Sioen, Point Blank Body Armor, EnGarde, VestGuard UK, DuPont, Imperial Armour, Safariland, and U.S. Armor Corporation among many others.
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Partial Chapter of the Table of Content
Chapter 4. Bulletproof Vest Market, By Product
4.1. Key product insights
4.2. Flexible ballistic
4.2.1. Bulletproof Vest Market estimates and forecasts, 2016 – 2026
4.2.2. Market estimates and forecasts by region, 2016 – 2026
4.3. hard ballistic/ armor plate
4.3.1. Market estimates and forecasts, 2016 – 2026
4.3.2. Market estimates and forecasts by region, 2016 – 2026
Chapter 5. Bulletproof Vest Market, By Protection Levels
5.1. Key protection level insights
5.2. Level I
5.2.1. Market estimates and forecasts, 2016 – 2026
5.2.2. Market estimates and forecasts by region, 2016 – 2026
5.3. Level II
5.3.1. Market estimates and forecasts, 2016 – 2026
5.3.2. Market estimates and forecasts by region, 2016 – 2026
5.4. Level III
5.4.1. Market estimates and forecasts, 2016 – 2026
5.4.2. Bulletproof Vest Market estimates and forecasts by region, 2016 – 2026
5.5. Level IV
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