0
Upcoming Allied Market Research
2023
Bulletproof Vests Market

Bulletproof Vests Market

by Type (Hard vest, Soft vest) and by End-User (Defense, Law enforcement, Civilian): Global Opportunity Analysis and Industry Forecast, 2023-2032

Report Code: A09075
Pages: NA
Jul 2023 | 4797 Views
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Bulletproof Vests Market

Request Now !

Bulletproof Vests Market Outlook - 2027

Bulletproof jackets often referred to as bulletproof vests are an armor that protects the soldiers from bullets, knives, bomb explosion by absorbing the impact and stopping the attack from penetrating the body. The bulletproof jacket is a must for all armed forces, police personnel. The soft jacket consists of various layers of tissue and laminate fibers. In soft jackets, ballistic plates are often inserted. Besides, soft jackets can be used to provide additional protection against rifles and knife stabbing. These vests use different layers of strong fibers that bend the bullet, distributing its impact over a greater portion of the fabric, thereby mushrooming the bullet into a platter shape.

COVID – 19 Scenario Analysis: 

  • The lack of supply of Chinese manufacturers of raw materials has led to a severe demand-supply gap. Moreover, raw material orders are likely to hinder the producers, as the logistics industry has been seriously affected by the lockdown in the COVID-19 crisis. 
  • However, the producers are expected to withdraw from China to minimize potential market risks and reduce the cluster of manufacturers in a single country to crawl up the supply chain.
  • Even while the world is tackling COVID-19 pandemic, still all the military procurement is continuing in almost every country, because national safety is foremost important.
  • Major powers like the US have already halted all troop movement, missions, and exercises. Cessing or reducing military exercises would reduce the engagement time, informal testing, and evaluation of equipment and reduce the latent market development potential.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

The bulletproof jacket market is mainly driven both internally and externally by the increased security threats. The need for global market-proof jackets is stepped up by domestic threats such as political violence and economic sabotage, as well as external dangers such as terrorist attacks and trafficking. The increased awareness of trade safety also fuels the demand worldwide for bulletproof jackets. Securities concerns, including security in the retail, health care, and transportation sectors, are growing rapidly as a result of rising threats. Another driving force on the bulletproof Jacket market is increasing government investment in the defense budget.  Besides, soldiers' survival increases worldwide growth in bulletproof jackets. The high cost of bullet-proof jackets limits the global consumer demand for these jackets. The cost of these vests is higher because new technology is being implemented and materials used to manufacture these vests.

The global bulletproof vests market trends are as follows:

New product launches and deals to flourish the market

Honeywell Launched Spectra Shield 6166 in January 2020, offering the highest energy adsorption for high-power rifle or high-energy threats for improved energy adsorption in hard body armor. Also, KDH Defense Systems, Inc. (KDH), a leading American-made, high-performance protective solutions manufacturer, announced that in 2020, two separate U.S. Army delivery orders totaling approximately $40.0 million have been awarded for the production of Modular Scalable Vest (MSV) Generation II and Blast Pelvic Protectors (BPPs). 

Also, The Protective Group, a Point-Blank Enterprises, has been awarded by the United States Defense Logistics Agency Troop Support (DLA-TS) a multiannual Indefinite Delivery, Indefinite Quantity (ID / IQ) $209 M body armor contract in 2020. Moreover, a contract has been given to Gold Coast company Craig International Ballistics to provide life-saving body armor to Australian troops in 2020. The company will deliver 750 soft armor inserts to the Australian Defense Force (ADF) under the initial $1 m contract. The armors made in Australia will replace the armor that is currently being used in service. Also, EnGarde, a Netherlands body armor manufacturer, updated its popular Panther Armor product in 2019 to create next-generation non-combatant ballistic protection.

Competitive landscape along with the surge in military procurement in developing countries

The bulletproof vests market is decentralized, with many companies supplying their respective countries' local law enforcement agencies or to the military. Companies such as Honeywell supply raw materials to other bulletproof vest manufacturers, such as KDH Defense Systems Inc., which supply the customers with their own branded vests. The growing number and geopolitical challenges are increasing the frequency of military operations, which require the military to demand bullet-proof jackets. National defense departments of various countries are expected to invest in the procurement of highly effective Wearables, especially in developing countries which having border tension with neighboring countries would be requiring the most highly advanced and adaptable military wearables to be competitively superior to their counterparts as well as ensure the safety of their soldiers. 

Key benefits of the report:

  • This study presents the analytical depiction of the global bulletproof vests industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global market share.
  • The current bulletproof vests market is quantitatively analyzed to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the bulletproof vests market research report:

  • What are the leading market players active in the bulletproof vests market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

Bulletproof Vests Market Report Highlights

Aspects Details
By Type
  • Hard vest
  • Soft vest
By End-User
  • Defense
  • Law enforcement
  • Civilian
By Region
  • North America  (US, Canada)
  • Europe  (Germany, UK, France, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Rest of Asia-Pacific)
  • Latin America  (Brazil, Mexico, Rest of LATAM)
  • The Middle East 
  • Africa 
Key Market Players ELMON, Honeywell International, E.L Dupont, U.S. Armor Corporation, KDH defense systems, Wenzhou Start Co., Hawk protection, EnGarde, Infidel Body Armor, Point Blank Enterprises, MARS Armor, Vestguard, Armourshield, BulletSafe, Compass International.
 

Loading Table Of Content...


 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now

Purchase Full Report of
Bulletproof Vests Market

Start reading.
This Report and over 52,864+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise
    License/PDF

  • $9,870
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers