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Bulletproof Vest Market

Global Bulletproof Vest Market Size, Share, Analysis: By Material: Kevlar, Ultra-High Molecular Weight Polyethylene (UHMWPE), Graphene; By Application: Overt, Covert; By Protection Level: Level I, Level II, Level III, Level IV; By Product: Flexible Ballistic, Hard Armor Plate; By End User; Regional Analysis; Competitive Landscape; 2024-2032

Global Bulletproof Vest Market Outlook

The global bulletproof vest market reached a value of about USD 2.21 billion in 2023. The industry is further expected to grow at a CAGR of about 6.3% in the forecast period of 2024-2032 to reach a value of around USD 3.82 billion by 2032.

 

Global Bulletproof Vest Market

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The Asia Pacific to be Among the Significant Regional Markets for Bulletproof Vest

Due to the significant number of active military and law enforcement personnel in countries like China, India, and South Korea, Asia Pacific is expected to be the largest spender on bulletproof ballistic protection items, such as bulletproof vests, over the forecast period. For instance, in May 2021, the Indian Army projected a requirement of 50,000 new bulletproof jackets for its frontline troops. The specifications that were listed by the Army state that the bulletproof vest should be able to protect a soldier against 7.62 mm armour-piercing rifle ammunition and hard steel core bullets fired from 10 metres. The escalating border tensions between various countries in the region and the ageing of existing bulletproof vests are expected to drive the market's growth. Also, there is a surge in defence research and development to develop newer generation bulletproof vests in the Asia Pacific region. The growth in military expenditure in developed and developing countries is significantly contributing to the growth of the bulletproof vest market. It is mainly due to increased military expenditure, which has further propelled the large-scale procurement of bulletproof vests for the armed forces.

Europe is the significant market for the bulletproof vests industry and is expected to remain the same during the forecast period. This is due to government funding programs and advanced jacket manufacturing technology, which are the primary driving factors in the European market. Due to a lack of funding programs and innovative technology, developing regions are predicted to grow slowly over the forecast period.

 

Military Segment Holds the Largest Market Share

The military segment now holds the largest market share and is likely to maintain this position during the forecast period. This is primarily due to rising military spending, fuelling large-scale procurement of body armour and bulletproof vests for the armed services' dismounted troops. The increased emphasis on research and development of novel and lightweight materials will likely benefit the bulletproof vest industry during the forecast period. However, the increasing number of attacks and the growing violence and threats worldwide are leading to a rise in demand for the protection of soldiers and civilians, which will also contribute to the increasing adoption of bulletproof vests in the military segment.

 

Bulletproof Vest Market Segmentation

Bulletproof vests, also known as bulletproof jackets, are a type of body armour that protects soldiers from bullets, knives, and bomb explosions by absorbing the force and preventing the attack from penetrating the body. All personnel of the military forces and police officers must have a bulletproof jacket. These vests use multiple layers of strong fibres to bend the bullet and distribute its impact over a larger area of the fabric, mushrooming it into a platter form.

 

Global Bulletproof Vest Market by Segments

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By material, the market includes:

  • Kevlar
  • Ultra-High Molecular Weight Polyethylene (UHMWPE)
  • Graphene

The significant applications of the market are:

  • Overt
  • Covert

Based on protection level, the market is divided into:

  • Level I
  • Level II
  • Level III
  • Level IV

The various products in the market are divided into:

  • Flexible Ballistic
  • Hard Armour Plate

The end-users of the market are:

  • Military
  • Law Enforcement
  • Civil

The regional markets for the bulletproof vest industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

Global Bulletproof Vest Market by Region

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Increasing Defence Expenditure Augmenting the Market Growth

The growth in military expenditure of developed and developing countries is significantly contributing to the growth of the bulletproof vest industry. The rising focus of defence agencies on enhancing soldier survivability will positively influence the industry's growth. Technological advancements with the usage of para-aramid textile, titanium plating, and other nanotechnology materials to manufacture vests will surge product penetration in the defence industry. Further, the introduction of modular tactical vests and several military modernisation programs, such as the PONARS Eurasia, are some recent trends promoting the market expansion. The bulletproof vest industry's growth is also fuelled by protecting workers from the frugality of war and booming investments in product research and advancement. As a result, companies and governments are investing in the development of advanced light vests with increased mobility, incorporating advanced technologies such as 3D printing and composite materials, which is expected to create new opportunities for bulletproof vest manufacturers over the forecast period. For example, the DRDO (Defense Research and Development Organisation) in India created a lightweight bulletproof jacket in April 2021 that would weigh roughly 9 kg and meet the quality standards for army personnel. This jacket's weight would be reduced from 10.4 kg to 9 kg due to indigenous technology.

 

Key Players in the Global Bulletproof Vest Market

The report gives a detailed analysis of the following key players in the global bulletproof vest industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Central Lake Armor Express, Inc.
  • BulletSafe Bulletproof Vests
  • DuPont de Nemours, Inc. 
  • EnGarde B.V.
  • Honeywell International Inc.
  • MARS Armor
  • MKU LIMITED
  • Point Blank Enterprises, Inc.
  • Safariland, LLC
  • VestGuard UK Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Material
  • Application
  • Protection Level
  • Product
  • End User
  • Region
Breakup by Material
  • Kevlar
  • Ultra-High Molecular Weight Polyethylene (UHMWPE)
  • Graphene
Breakup by Application
  • Overt
  • Covert
Breakup by Protection Level
  • Level I
  • Level II
  • Level III
  • Level IV
Breakup by Product
  • Flexible Ballistic
  • Hard Armour Plate
Breakup by End User
  • Military
  • Law Enforcement
  • Civil
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Central Lake Armor Express, Inc.
  • BulletSafe Bulletproof Vests
  • DuPont de Nemours, Inc. 
  • EnGarde B.V.
  • Honeywell International Inc.
  • MARS Armor
  • MKU LIMITED
  • Point Blank Enterprises, Inc.
  • Safariland, LLC
  • VestGuard UK Ltd.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Bulletproof Vest Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Bulletproof Vest Historical Market (2018-2023) 
    8.3    Global Bulletproof Vest Market Forecast (2024-2032)
    8.4    Global Bulletproof Vest Market by Material
        8.4.1    Kevlar
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Ultra-High Molecular Weight Polyethylene (UHMWPE)
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Graphene
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Bulletproof Vest Market by Application
        8.5.1    Overt
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Covert
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Bulletproof Vest Market by Protection Level
        8.6.1    Level I
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Level II
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Level III
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Level IV
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
    8.7    Global Bulletproof Vest Market by Product
        8.7.1    Flexible Ballistic
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Hard Armor Plate
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
    8.8    Global Bulletproof Vest Market by End User
        8.8.1    Military
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Law Enforcement
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Civil
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
    8.9    Global Bulletproof Vest Market by Region       
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023) 
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023) 
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023) 
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023) 
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023) 
            8.9.5.2    Forecast Trend (2024-2032)
9    North America Bulletproof Vest Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Bulletproof Vest Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Bulletproof Vest Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Bulletproof Vest Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Bulletproof Vest Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
         16.2.1    Central Lake Armor Express, Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    BulletSafe Bulletproof Vests
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    DuPont de Nemours, Inc. 
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    EnGarde B.V.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Honeywell International Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    MARS Armor
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    MKU LIMITED
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Point Blank Enterprises, Inc.
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Safariland, LLC
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    VestGuard UK Ltd.
            16.2.10.1    Company Overview
            16.2.10.2    Product Portfolio
            16.2.10.3    Demographic Reach and Achievements
            16.2.10.4    Certifications
        16.2.11    Others
17    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Bulletproof Vest Market: Key Industry Highlights, 2018 and 2032
2.    Global Bulletproof Vest Historical Market: Breakup by Material (USD Billion), 2018-2023
3.    Global Bulletproof Vest Market Forecast: Breakup by Material (USD Billion), 2024-2032
4.    Global Bulletproof Vest Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Bulletproof Vest Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Bulletproof Vest Historical Market: Breakup by Protection Level (USD Billion), 2018-2023
7.    Global Bulletproof Vest Market Forecast: Breakup by Protection Level (USD Billion), 2024-2032
8.    Global Bulletproof Vest Historical Market: Breakup by Product (USD Billion), 2018-2023
9.    Global Bulletproof Vest Market Forecast: Breakup by Product (USD Billion), 2024-2032
10.    Global Bulletproof Vest Historical Market: Breakup by End User (USD Billion), 2018-2023
11.    Global Bulletproof Vest Market Forecast: Breakup by End User (USD Billion), 2024-2032
12.    Global Bulletproof Vest Historical Market: Breakup by Region (USD Billion), 2018-2023
13.    Global Bulletproof Vest Market Forecast: Breakup by Region (USD Billion), 2024-2032
14.    North America Bulletproof Vest Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    North America Bulletproof Vest Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Europe Bulletproof Vest Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Europe Bulletproof Vest Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Asia Pacific Bulletproof Vest Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Asia Pacific Bulletproof Vest Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Latin America Bulletproof Vest Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Latin America Bulletproof Vest Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Middle East and Africa Bulletproof Vest Historical Market: Breakup by Country (USD Billion), 2018-2023
23.    Middle East and Africa Bulletproof Vest Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.    Global Bulletproof Vest Market Structure

Key Questions Answered in the Report

In 2032, the global bulletproof vest market attained a value of nearly USD 2.21 billion.

The market is projected to grow at a CAGR of 6.3% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 3.82 billion by 2032.

The major drivers of the market include the escalating border tensions between various countries, government funding programs, technological advancements, military modernisation programs, and investments in product research and development.

The growth in military expenditure and the rising focus of defence agencies on enhancing soldier survivability are the key industry trends propelling the growth of the market.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The different materials include Kevlar, ultra-high molecular weight polyethylene (UHMWPE), and graphene.

The significant applications of the market are overt and covert.

Based on protection level, the market is divided into level I, level II, level III, and level IV.

The various products in the market are divided into flexible ballistic and hard armour plates.

The end-users of the market are military, law enforcement, and civil.

The major players in the industry are Central Lake Armor Express, Inc., BulletSafe Bulletproof Vests, DuPont de Nemours, Inc., EnGarde B.V., Honeywell International Inc., MARS Armor, MKU LIMITED, Point Blank Enterprises, Inc., Safariland, LLC, and VestGuard UK Ltd., among others.

Analyst Review

The global bulletproof vest market attained a value of USD 2.21 billion in 2032, driven by the growth in military expenditure. Aided by the investments in product research and development and military modernisation programs, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 6.3%. The market is projected to reach USD 3.82 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The different materials include Kevlar, ultra-high molecular weight polyethylene (UHMWPE), and graphene. The significant applications of the market are overt and covert. Based on protection level, the market is divided into level I, level II, level III, and level IV. The various products in the market are divided into flexible ballistic and hard armour plates. The end-users of the market are military, law enforcement, and civil. The major regional markets for bulletproof vests are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the global bulletproof vest market are Central Lake Armor Express, Inc., BulletSafe Bulletproof Vests, DuPont de Nemours, Inc., EnGarde B.V., Honeywell International Inc., MARS Armor, MKU LIMITED, Point Blank Enterprises, Inc., Safariland, LLC, and VestGuard UK Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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