Global Bulletproof Vest Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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Market By Top Companies:
Elmon SA, KDH Defense Systems Inc., DuPont, Honeywell International Inc., US Armor, Wenzhou Start Co. Ltd, Hawk Protection (McGuckian), Point Blank Enterprises Inc., ArmorCo Advanced Armoring Products, Infidel Body Armor, Security Pro USA, Realdream (Zhuhai) Electronics Co. Ltd*
The market for bulletproof vests is expected to register a CAGR of over 4%, during the forecast period.
Growing military expenditure in almost every region around the world is expected to be the prime growth driver for the market.
Additionally, the rise in terrorism and hostile activities around the world is forcing the countries to focus more on the protection of their dismounted infantry. This factor is prominent, particularly, in Asia-Pacific and the Middle East, where the instances of terrorist attacks on military and law enforcement agencies are increasing.
The heavy weight of the bulletproof vests is making it difficult for military personnel to wear and move freely on the battlefield. Technological integration and the use of composite materials may be helpful in this regard, making the vests light and increasing the mobility.
Scope of the Report
Industry Research Coverage
The Military Segment Projected to Dominate the Market during the Forecast Period
Currently, the military segment has the highest market share compared to the civilian segment, due to growing military expenditure, which is helping the militaries to invest in new body armor technologies and procure body armor to their infantry on a large scale. The increasing number of terrorist attacks and growing geopolitical issues are increasing the frequency of military operations, necessitating the demand for bulletproof vests for the military. Thus, the growth of the military segment is projected to increase during the forecast period.
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The market is fragmented, with many players supplying to their local law enforcement agencies or to the militaries of their respective countries. Elmon SA, KDH Defense Systems Inc., DuPont, Honeywell International Inc., and US Armor are some of the prominent players in the market. Companies, like Honeywell, supply raw materials to other bulletproof vest manufacturers, like KDH Defense Systems Inc., which supply their own branded vests to the customers.
Major points covered in this research are:-
─Bulletproof Vest Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2024), Competition by Manufacturers
─Global Market Size (Value) of Bulletproof Vest (2020-2024)
─Global Bulletproof Vest Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2024)
─Global Bulletproof Vest Production, Revenue (Value), Price Trend by Type
─Global Bulletproof Vest Market Analysis by Application
─Global Bulletproof Vest Manufacturers Profiles/Analysis
─Bulletproof Vest Manufacturing Cost Analysis
─Industrial Chain, Sourcing Strategy and Downstream Buyers
─Marketing Strategy Analysis, Distributors/Traders
─Market Effect Factors Analysis
─Global Bulletproof Vest Market Forecast (2020-2024)
─Research Findings and Conclusion
Finally, this Bulletproof Vest report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Bulletproof Vest product development and gives an outline of the potential Global market.
Irfan Tamboli (Sales)
Phone: + 1704 266 3234