Press release
Bulletproof Vest Market Size, Opportunities And Scope By 2033
Bulletproof Vest Market Size
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=5663&type=smp
According to The Business Research Company's, The bulletproof vest market size has grown strongly in recent years. It will grow from $1.64 in 2023 to $1.79 in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to rise in crime rates, geopolitical conflicts, military modernization, government regulations and mandates, population growth .
The bulletproof vest market size is expected to see strong growth in the next few years. It will grow to $2.51 in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to increasing concerns about personal safety and security, rising defense spending, expanding civilian markets, increasing urbanization . Major trends in the forecast period include smart armor integration, sustainability and eco-friendly materials, lightweight and flexible designs, multi-threat protection, body-worn cameras.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/bulletprrof-vest-global-market-report
Market Drivers and Trends:
The growth in military expenditure of developed and emerging countries is significantly contributing to the growth of the bulletproof vest market. It is mainly due to an increase in military expenditure, which has further propelled the large-scale procurement of bulletproof vests for the armed forces. According to Stockholm international peace research institute (SIPRI), the expenditure on the military in the world has raised to almost $2 trillion in 2020, which is an increase of 2.6% from 2019. Therefore, the growth in military expenditure is driving the growth of the bulletproof vest market.
Innovative product development is a key trend gaining popularity in the bulletproof vest market. Companies manufacturing bulletproof vests are developing new products and undergoing various collaborations to improve the services that are provided. India-based DRDO (Defense Research and Development Organization) developed a lightweight bulletproof jacket, which would weigh around 9kgs, and meet the qualitative requirements for army people. The indigenous technology that is used in this jacket would reduce its weight from 10.4 kg to 9 kg.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Wenzhou Start Co Ltd, VestGuard UK Limited, U.S. Armor Corporation, Point Blank Enterprises Inc., MKU Limited, MARS Armor, Infidel Body Armor, Honeywell International Inc., EnGarde LLC, E. I. du Pont de Nemours and Company, Armourshield Ltd, Armor Express Inc., Central Lake Armor Express Inc., Compass International Corp, Condor Outdoor Products Inc., White Horse Research and Development Inc., Renco Corporation, Tex Tech Industries Inc., SAE International, Canadian Armour Ltd, SafeVest LLC, AAM Armor LLC, AA Shield Ltd., Ace Link Armor Inc., Adept Armor LLC, Alpine Armoring Inc., American Body Armor and Equipment Inc., Angel Armor LLC, Anorak Hellas Ltd., ARGUS Armour Inc.
Bulletprrof Vest Market 2024 Key Insights:
• The bulletproof vest market size is expected to see strong growth in the next few years. It will grow to $2.51 in 2028 at a compound annual growth rate (CAGR) of 8.9%.
• Rising Military Expenditure Boosts Bulletproof Vest Market Growth
• Lightweight Bulletproof Vests
• Asia-Pacific was the largest region in the bulletproof vest market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=5663&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bulletproof Vest Market Size, Opportunities And Scope By 2033 here
News-ID: 3734981 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Armor
Body Armor Market Trajectory 2025 to 2035: Strategic Analysis with USA Armor Cor …
The global body armor market is poised for significant expansion, with its valuation projected to surge from USD 2.8 billion in 2025 to a formidable USD 5 billion by 2035, demonstrating a robust Compound Annual Growth Rate (CAGR) of 6.2%. This upward trajectory is underpinned by a confluence of escalating global security concerns, aggressive military modernization initiatives, and continuous technological breakthroughs in protective materials and designs.
The pervasive demand from both…
Innocent Armor Provides Budget-friendly Discreet Body Armor
Image: https://www.getnews.info/wp-content/uploads/2024/11/1731138735.png
Innocent Armor is a leading provider of discreet bullet-resistant clothing, ensuring safety and security for individuals.
In today's world, feeling safe and secure is paramount, and Innocent Armor is here to help. This respected retailer specializes in high-quality bullet-resistant clothing, boasting years of experience in the industry. Their extensive inventory caters to both men and women, featuring products crafted from premium materials. Customers can choose from a variety of offerings,…
Innocent Armor Halloween Sale: Big Savings on All Discreet Body Armor
Defend in Disguise - Gear Up with 20% Off This Spooky Season!
Innocent Armor, a pioneer in crafting discreet body armor, is set to elevate this Halloween with an exciting promotional event. Until October 31, customers can enjoy a 20% discount on all products, making it the perfect opportunity to invest in stylish yet protective gear. This limited-time offer includes fashionable options like bulletproof suit jackets and the popular body-armoring backpack,…
Global Multicurve Body Armor Plate Market Overview Analysis of Ace Link Armor,RM …
Global Info Research announces the release of the report "Global Multicurve Body Armor Plate Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029" . The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples…
Shine armor review; The complete information on fortify quick coat by shine armo …
This talks about shine armor review. Probably it has not crossed your mind but did you know you could get professional results for your car’s shine without having to spend a small fortune on a detailer you don’t really trust? Getting a ‘glass’ look on my car that makes everybody turn their heads used to be an expensive & time-consuming process for me. I hated it.
I’m someone who…
Body Armor Market: Research and Development in Manufacturing Technology of Body …
The major purpose of body armor is to provide a protective clothing in order to absorb, deflect, bludgeon and penetrate attacks. Body armors have applications in various fields such as defense, law enforcement protection and civilians. The global body armor market has been categorized on the basis of types, application, material types and geography.
The body armor market on the basis of type has been segmented into Type I, Type…
