Bullet Proof Jacket Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Bullet Proof Jacket Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

  • Transparency Market Research
  • Ongoing
  • Defense and Security

Report Description

Bullet proof jackets often known by bullet proof vests is an armor that helps to protect the soldiers from bullets, knives, bomb explosion by absorbing the impact and stop the attack from penetrating in the body. The soft vest is made of different layers of woven and laminated fibers that protect soldiers, security guards from shotgun, small caliber hand gun and explosives. Ballistic plates are often inserted inside the soft vests. In addition, metal plates can be used with soft vest, thereby providing extra protection against rifles and knife stabbing. These vests uses different layers of strong fibers that deforms bullet, spreading its force over a wider portion of the fiber thus mushrooming the bullet into a dish shape.

The bulletproof jacket market is primarily driven by the increasing security threats both internally and externally as well. Internal threats such as poverty, political violence and economic sabotage and external threats like terrorist attacks and smuggling are boosting the need of bulletproof jackets in the global market. Rising consciousness for commercial security is also fuelling the demand of bulletproof vests or jackets globally. Concern for security in commercial sectors such as retail sectors security, healthcare security, and transport security among others are increasing rapidly due to the increasing threats. Increasing investment in defense budget by the government is also one of the driving factors in the bulletproof jacket market. Increasing security threats is one of the factor due to which government is increasing the defense budget so as to enhance the security defense. Moreover, survivability of the soldiers is escalating the growth of the bulletproof jackets market globally. These jackets or vests help soldiers to protect themselves from the bullets, attack with knives and grenade explosions.

High cost of the bulletproof vests is restraining the demand of these vests in the global market. The price of these vests is higher due to the implementation of newer technology and improved quality of materials that are used in manufacturing of these vests. Light weight bulletproof jackets are one such instance where newer material technology is used that leads higher price of the jacket. Moreover, stern regulatory framework is hindering the demand of bulletproof jacket market globally. Strict quality control policy is setting back the growth of bulletproof jacket market as there are many companies whose vests are rejected due to the quality control issues.

Implementation of newer technology in the bulletproof jackets undertakes as a major opportunities in the global bulletproof jacket market. Development in the bulletproof materials with nanotechnology is expected to be an important opportunities in this market. It is experimented and observed that graphene is ten times better than steel in absorbing energy of a penetrating projectile. Advancement in technology is likely to enhance the bullet proof vests thereby proving as important opportunities in the global market.

The global bulletproof jackets market is segmented on the basis of protection type that includes softvest and armor plated. Further, the softvest is sub segmented based on levels into Level I, Level II A, Level II, Level IIIA. The armor plated is sub-segmented based on the level which includes Level III and Level IV. The market is further bifurcated based on geography that includes North America, Europe, Asia Pacific Middle East and Africa (MEA) and Latin America.

Some of the major players in the global bulletproof jacket market comprise Honeywell International, Inc (U.S.)., E.L Dupont DE Nemours & Co. (U.S.), U.S. Armor Corporation (U.S.). Some of the other players are Wenzhou Start Co Ltd (China), MKU Limited (India), EnGarde (The Netherlands), Infidel Body Armor (U.S.), Point Blank Enterprises, Inc. (U.S.), MARS Armor (Bulgaria), Vestguard UK (U.K.), Armourshield Ltd (U.K.), BulletSafe (U.S.), Compass International Corp. Ltd. (China) among others. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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