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Wednesday, 13 Jan 2021 09:00 pm

Bulletproof Vest Market Size, Status Segmentation, Demand, Growth, Trend, Opportunity, Forecast to 2027

The "Global Bulletproof Vest Market Analysis to 2027" is a specialized and in-depth study of the bulletproof vest market with a special focus on the global market trend analysis.

By SMN Bureau
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Bulletproof vest is an armor that helps to protect soldiers from bullets, knives, explosive explosion by absorbing the impact and preventing the attack from penetrating the body. The soft vest is made of various layers of woven and laminated fabrics that protect soldiers and security guard from small shotgun, small caliber hand gun and explosive. Ballistic plates are also placed within soft vest. In addition, metal plates may be used with a soft jacket, offering additional protection against rifles and knife stabbing. These vests use various layers of strong fibers that bend bullets, distributing their power over a greater portion of the fiber, thereby mushrooming the bullet into a dish shape. Growing military spending the world is expected to drive the market growth during forecast period.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global bulletproof vest market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bulletproof vest market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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The List of Companies:
1. Armor Express
2. Blackhawk
3. Canadian Armour LTD.
4. DuPont de Nemours, Inc.
5. ELMON
6. EnGarde Body Armor
7. Infidel Body Armor
8. Point Blank Enterprises, Inc.
9. U.S. ARMOR CORPORATION
10. VestGuard UK Ltd.

Increasing security threats both internally and externally around the world and growing consciousness for commercial security is driving the growth of the bulletproof vest market. However, the high cost of bulletproof jackets may restrain the growth of the bulletproof vest market. Furthermore, implementation of newer technology in the bulletproof vest such as nanotechnology is anticipated to create market opportunities for the bulletproof vest market during the forecast period.

The global bulletproof vest market is segmented on the basis of product, protection level, and end user. On the basis of product, the market is segmented as flexible ballistic and hard Ballistic/ armor plate. Similarly, on the basis of protection level, the market is segmented as Level I, Level II, Level III, and Level IV. Further based on end user, market is segmented as military, law enforcement, and civil.

The report analyzes factors affecting bulletproof vest market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the bulletproof vest market in these regions. The reports cover key developments in the bulletproof vest market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.   

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Tags Bulletproof Vest Market Bulletproof Vest Bulletproof Vest Industry

SMN Bureau

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