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Rising Military Expenditure Boosts Bulletproof Vest Market Growth: Strategic Insights Driving Bulletproof Vest Market Momentum in 2025
"Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.How Large Will the Bulletproof Vest Market Size By 2025?
In recent times, there has been significant growth in the size of the bulletproof vest market. The market is projected to expand from a value of $1.75 billion in 2024 to $1.91 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.1%. Factors such as increasing crime rates, geopolitical tensions, military advancements, government policies and regulations, as well as population growth have all contributed to this historic growth period.
How Big Is the Bulletproof Vest Market Size Expected to Grow by 2029?
The market size for bulletproof vests is projected to witness significant expansion in the coming years, reaching a value of $2.65 billion in 2029 with a compound annual growth rate (CAGR) of 8.5%. The projected surge over the estimation period is linked to factors such as growing anxiety about personal protection and security, elevated defense expenditures, broader civilian markets, and escalating urban growth. Key trends expected during this period encompass the integration of smart armor, the use of sustainable and green-friendly materials, designs that emphasize lightness and flexibility, protection against multiple threats, and the implementation of body-worn cameras.
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Which Key Market Drivers Powering Bulletproof Vest Market Expansion and Growth?
The increase in military spending is set to boost the bulletproof vest industry's expansion. Money allocated by the government towards defense activities and armed forces is considered as a military expenditure. This kind of spending usually escalates due to amplified security risks, geopolitical unrest, or the need to enhance national defense prowess. Bulletproof vests contribute significantly to military expenditure as they improve the protection of soldiers, lessen the number of casualties, and heighten the overall efficacy of missions. By pouring funds into superior body armor, the military can make sure their staff are better prepared to face dangers, which might result in decreased healthcare expenses and enhanced operational preparedness. For instance, the Stockholm International Peace Research Institute, a US-based entity, stated that the global military burden, depicted as military spending as part of worldwide GDP, shot up to 2.3% in 2023. Hence, the surge in military expenditure propels the bulletproof vest industry's growth.
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Which Fast-Growing Trends Are Poised to Disrupt the Bulletproof Vest Market?
The rising trend in the bulletproof vest market is centered around inventive product development. Bulletproof vest manufacturers are introducing novel products and forming numerous partnerships to enhance the services they offer. The Defense Research and Development Organization (DRDO), based in India, has created a lightweight bulletproof jacket that weighs approximately 9kgs, tailored to meet the quality requirements of military personnel. The use of indigenous technology in this jacket has led to a significant reduction in its weight from 10.4 kg to 9 kg.
What Are the Emerging Segments in the Bulletproof Vest Market?
The bulletproof vest market covered in this report is segmented -
1) By Type: Soft Vest, Hard Vest
2) By Material: Kevlar, Ultra High Molecular Weight Polyethylene, Graphene
3) By Application: Covert, Overt
4) By End User: Military, Law Enforcement
Subsegments:
1) By Soft Vest: Level IIA, Level II, Level IIIA
2) By Hard Vest: Level III, Level IV
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Who Are the Global Leaders in the Bulletproof Vest Market?
Major companies operating in the bulletproof vest market include 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., 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.
Which are the Top Profitable Regional Markets for the Bulletproof Vest Industry?
Asia-Pacific was the largest region in the bulletproof vest market in 2024. South America is expected to be the fastest-growing region in the forecast period. The regions covered in the bulletprrof vest market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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