[121 Pages] In 2017, the Global Bullet Proof Vests Market Size was valued at US$ XX. XX billion will exhibit USD XX. XX Billion up to 2025 in coming years. The average growth of global market is excepted to XX.XX% CAGR from 2017-2025.

Bullet Proof Vests Market Definition

Bullet proof vests, also called bullet proof jackets are protective armors which is highly utilized by defense and military sector for the protection of soldiers from bomb explosion, riffle firings, knifes and any other penetrative life-threatening substance used in wars. These vests are made up of strong fibers that are capable of deforming the shape of the bullet.

Global Bullet Proof Vests Market Analysis by Demand (2017-2025)

Bullet Proof Vests Market Dynamics

Bullet proof vests market is projected to witness a significant rise during the forecast period, owing to rising security threats across the world. Escalating government investments in defense sector to improve safety and security is driving the growth of bullet proof vests market. Advancement in technology and launch of novel security products are anticipated to be aiding the market growth for bullet proof vests. Furthermore, rise in development of nanotechnology materials such as graphene that has potential to perform better than steel vests are expected to boost the growth of bullet proof vests market during the forthcoming years. However, stringent policies on quality control of novel bullet proof vests, coupled with their high cost can restrain the growth of bullet proof vests market during the forecast period.

Bullet Proof Vests Segment Analysis 

Soft vest segment is projected to grow rapidly over the upcoming years due to its outstanding features that include its light-weightiness, flexibility and ease of handling. Rising security concerns in upcoming years is expected to encourage more and more civilians to opt for bullet proof vest, which in turn is expected to fuel the growth of the segment.

The demand of hard vest segment is expected to be rising constantly owing to increase in demand for repulsion vests that are able in stopping high-velocity riffle firing (bullets), by defense and military sector. Improvement in nanotechnology is also expected to encourage the utilization of advanced materials instead of traditional metals such as steel, which will further boost the growth of hard vests market.

Regional Analysis of Bullet Proof Vests market

The bullet proof vests market is expected to grow significantly in North America during the forecast period, and the region is expected to be the major revenue generating region. Increasing governmental concern over improving the defense industry in North America has led to rise in investment on the sector. For example, in 2016, the US House of Representatives allotted US$ 598.5 billion defense budget via the National Defense Authorization Act. Furthermore, availability of sources in North America to improve the defense product and technology, coupled with presence of skilled workforce required to make specialized bullet proof vests are expected to boost the region’s growth during the forecast period.

Europe is anticipated to be the fastest growing market, during the forecast period, owing to increased use of bullet proof vests by civilians as well as defense forces. Escalating terrorism in Europe has led people to opt for advanced safety options to protect themselves, which in turn is escalating the growth of bullet proof vests market.

Key players operating in Bullet Proof Vests Market

Major players operating in global bulletproof vest market include E.L Dupont DE Nemours & Co., Armourshield Ltd., MKU Limited, Compass International Corp. Ltd, Honeywell International, Wenzhou Start Co. Ltd., Survival Armor, EnGarde, and Point-Blank Enterprises Inc.

Scope of the Report

This report categorizes the global bulletproof vest market based on type, form, application, end-user, product and region.

On the basis of Product, the Bullet Proof Vests Market has been segmented as follows:
• Soft Vest
• Hard Vest
On the basis of End User, the Bullet Proof Vests Market has been segmented as follows:
• Defense
• Civilians
• Law enforcement
On the basis of Region, the Bullet Proof Vests Market has been segmented as follows:
• APAC
• North America
• Europe
• South America
• Middle East & Africa