Bulletproof Vest Market Size By Product (Flexible Ballistic, Hard Ballistic/ Armor Plate), By Protection Level (I,II,III,IV), By Application (Covert, Overt), By End-User (Military, Law Enforcement, Civil), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026
Published on: 2024-07-07 | No of Pages : 240 | Industry : Aerospace
Publisher : MRA | Format : PDF&Excel
Bulletproof Vest Market Size By Product (Flexible Ballistic, Hard Ballistic/ Armor Plate), By Protection Level (I,II,III,IV), By Application (Covert, Overt), By End-User (Military, Law Enforcement, Civil), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026
Bulletproof Vest Market Size By Product (Flexible Ballistic, Hard Ballistic/ Armor Plate), By Protection Level (I,II,III,IV), By Application (Covert, Overt), By End-User (Military, Law Enforcement, Civil), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026
Bulletproof Vest Market Size
Bulletproof Vest Market size was USD 1.45 billion in 2019 and will grow at a CAGR of 6.7% between 2020 to 2026. The rising focus of defense agencies on enhancing soldier survivability will positively influence the industry 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, introduction of modular tactical vests and several military modernization programs, such as the PONARS Eurasia are among some recent trends promoting the market expansion.
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Increasing territorial claims and cross border tension across the globe are surging the demand for ballistic protection equipment. Both developed and emerging economies have subsequently increased their expenditure on defense modernization with shifting focus toward advanced military equipment. In 2020, the Chinese People's Liberation Army (PLA) declared its plan to procure around 1.4 million units of superior quality body armors over the next two years. Protecting workforce from frugalities of war and thriving investments in product innovation and advancement are the other key factors boosting the bulletproof vest market growth.
| Report Attribute | Details |
|---|---|
| Base Year | 2019 |
| Bulletproof Vest Market Size in 2019 | 1.44 Billion (USD) |
| Forecast Period | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR | 6.7% |
| 2026 Value Projection | 2.30 Billion (USD) |
| Historical Data for | 2016 to 2019 |
| No. of Pages | 205 |
| Tables, Charts & Figures | 290 |
| Segments covered | Product, Protection level, Application, End-user and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Bulletproof Vest Market Analysis
Flexible ballistic vests segment will account for over 55% market share by 2026 owing to the lightweight feature of these variants. Flexible ballistic vests are made of one or multiple ballistic materials that include p-aramid, m-aramids, ceramic materials, and other fibers. These fibers make them an ideal choice for professions, where comfortable and flexible movements are given prime importance.
These include law enforcement officers, bureaucrats, private security personals, businessmen, and several High Networth individuals (HNI) as the key users of flexible ballistic vest in the industry.
Level III based bulletproof vest market is likely to witness more than 6.5% growth rate through 2026 as it provides protection against 9-mm handguns, .357 SIG flash pistol, 44 magnums, and 7.62 mm Nato rifle and is lightweight in nature. Growth in the segment can also be attributed to increasing demand from military and law enforcement users. Manufacturers should focus on product innovations and advancements to offer the highest level of protection against several caliber bullets, which are prevalent among various end-use sectors.
Overt ballistic vests segment is expected to hold 65% market revenue share by 2026 due to their growing usage by military, police as well as security personnel. These vests are worn over the clothing and can also be used as carriers for armor plates when required. Overt bulletproof vests are often heavier and larger as they are engineered using various layers of Kevlar.
These vests are mainly available with protection levels III and IV under National Institute of Justice; and levels 5, 6 and 6a under GOST; thus, their ability to offer a higher level of protection from heavy gunfire and large spikes/blades will increase the market demand.
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Bulletproof vest demand from military end use generated around USD 717 Million in 2019 impelled by increasing government spending to strengthen military capability. Several defense organizations in countries, such as the U.S., France, and Russia, are laying high emphasis on enhancing personal protection through advanced armor and focusing on upgrading their conventional protective equipment with modernized bulletproof vest.
Further, the demand in the civilian segment is likely to grow significantly owing to increasing burglaries, robberies, and home invasions.
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North America bulletproof vest market accounted for 10% share in 2019 and is estimated to grow at a significant rate from 2020 to 2026. Several military modernization programs will drive the regional market growth trends. The programs mainly include the Soldier Protection System -Torso & Extremity Protection (SPS-TEP) program that supports the use of full body armors for soldiers. In addition to these initiatives, higher military spending across the U.S. and Canada will further surge the market penetration.
Defunding police as well as lockdown protest due to black lives movement and coronavirus pandemic has significantly increased product demand to safeguard police and other law enforcement officers across several states in the U.S.
Bulletproof Vest Market Share
The bulletproof vest manufacturers are undergoing technology advancements to improve product differentiation to obtain several contracts from defense organizations and strengthen their industry foothold. For instance, in May 2020, Craig International Ballistics obtained a contract to supply bulletproof vest for Australian troops. The initial contract of USD 1 million includes the delivery 750 soft armor inserts to the Australian Defense Force (ADF).
The key bulletproof vest market participants include
- EnGarde
- Imperial Armour
- PPSS
- Survival Armor
- U.S. Armor Corporation
- BAE Systems
- Safariland
- Sarkar Defense Solution
- Point Blank Body Armor
- VestGuard UK
- Armor Express
- DuPont
- Sioen
- Honeywell International
- C.P.E. Production
This market research report on bulletproof vest includes in-depth coverage of the industry with estimates & forecast in terms of volume in Units and revenue in USD Million from 2016 to 2026, for the following segments
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Market, By Product
-
Flexible ballistic
- Hard ballistic/ Armor plate
Market, By Protection level
-
Level I
- Level II
- Level III
- Level IV
Market, By Application
-
Covert
- Overt
Market, By end-user
-
Military
- Law enforcement
- Civil
The above information is provided on a regional and country basis for the following
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- Kuwait
Table of Content
Report Content
Chapter 1. Methodology and Scope
1.1. Market definitions
1.2. Base estimation & working
1.2.1. North America
1.2.2. Europe
1.2.3. APAC
1.2.4. LATAM
1.2.5. MEA
1.3. Forecast calculation
1.3.1. COVID-19 impact calculations on industry forecast
1.4. Data sources
1.5. Primary
1.6. Secondary
1.6.1. Paid sources
1.6.2. Public sources
Chapter 2. Executive Summary
2.1. Bulletproof vest industry 360° synopsis, 2016 – 2026
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Protection level trends
2.1.4. Application trends
2.1.5. End-user trends
2.1.6. Regional trends
Chapter 3. Bulletproof Vest Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2016 – 2026
3.3. Industry ecosystem analysis
3.3.1. Profit margin analysis
3.3.2. Value addition at each stage
3.3.3. End-user analysis
3.3.4. Vendor matrix
3.3.4.1. List of key manufacturers and suppliers
3.3.4.2. List of key/potential customers
3.4. Innovation & sustainability
3.4.1. Technology landscape
3.4.2. Future trends including COVID-19 impact
3.4.2.1. Production trends
3.4.2.1.1. North America
3.4.2.1.2. Europe
3.4.2.1.3. Asia Pacific
3.4.2.1.4. LATAM
3.4.2.1.5. MEA
3.4.2.2. Demand trends
3.4.2.2.1. North America
3.4.2.2.2. Europe
3.4.2.2.3. Asia Pacific
3.4.2.2.4. LATAM
3.4.2.2.5. MEA
3.5. Industry megatrends
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Escalating territorial disputes
3.6.1.2. Increasing military modernization programs
3.6.2. Industry pitfalls & challenges
3.6.2.1. High upfront and maintenance cost
3.7. Regulatory trends
3.8. Growth potential analysis
3.9. Competitive landscape, 2019
3.9.1. Company market share, 2019
3.9.2. Strategy dashboard
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. Price trends
3.11.1. Regional price trends
3.11.2. Cost structure analysis
3.11.2.1. R&D cost
3.11.2.2. Manufacturing & equipment cost
3.11.2.3. Raw material cost
3.11.2.4. Distribution cost
3.11.2.5. Operating cost
3.11.2.6. Miscellaneous cost
3.12. PESTEL analysis
Chapter 4. Bulletproof Vest Market, By Product
4.1. Key product insights
4.2. Flexible ballistic
4.2.1. Market estimates and forecasts, 2016 – 2026
4.2.2. Market estimates and forecasts by region, 2016 – 2026
4.3. hard ballistic/ armor plate
4.3.1. Market estimates and forecasts, 2016 – 2026
4.3.2. Market estimates and forecasts by region, 2016 – 2026
Chapter 5. Bulletproof Vest Market, By Protection Levels
5.1. Key protection level insights
5.2. Level I
5.2.1. Market estimates and forecasts, 2016 – 2026
5.2.2. Market estimates and forecasts by region, 2016 – 2026
5.3. Level II
5.3.1. Market estimates and forecasts, 2016 – 2026
5.3.2. Market estimates and forecasts by region, 2016 – 2026
5.4. Level III
5.4.1. Market estimates and forecasts, 2016 – 2026
5.4.2. Market estimates and forecasts by region, 2016 – 2026
5.5. Level IV
5.5.1. Market estimates and forecasts, 2016 – 2026
5.5.2. Market estimates and forecasts by region, 2016 – 2026
Chapter 6. Bulletproof Vest Market, By Application
6.1. Key application insights
6.2. Covert
6.2.1. Market estimates and forecasts, 2016 – 2026
6.2.2. Market estimates and forecasts by region, 2016 – 2026
6.3. Overt
6.3.1. Market estimates and forecasts, 2016 – 2026
6.3.2. Market estimates and forecasts by region, 2016 – 2026
Chapter 7. Bulletproof Vest Market, By End-Use Sector
7.1. Key end-use sector insights
7.2. Military
7.2.1. Market estimates and forecasts, 2016 – 2026
7.2.2. Market estimates and forecasts by region, 2016 – 2026
7.3. Law enforcement
7.3.1. Market estimates and forecasts, 2016 – 2026
7.3.2. Market estimates and forecasts by region, 2016 – 2026
7.4. Civil
7.4.1. Market estimates and forecasts, 2016 – 2026
7.4.2. Market estimates and forecasts by region, 2016 – 2026
Chapter 8. Bulletproof Vest Market, By Region
8.1. Key regional insights
8.2. North America
8.2.1. North America market estimates and forecast, 2016 – 2026
8.2.2. North America market estimates and forecasts by product, 2016 – 2026
8.2.3. North America market estimates and forecasts by protection levels, 2016 – 2026
8.2.4. North America market estimates and forecasts by application, 2016 – 2026
8.2.5. North America market estimates and forecasts by end-user, 2016 – 2026
8.2.6. U.S.
8.2.6.1. U.S market estimates and forecast, 2016 – 2026
8.2.6.2. U.S. market estimates and forecasts by product, 2016 – 2026
8.2.6.3. U.S. market estimates and forecasts by protection levels, 2016 – 2026
8.2.6.4. U.S. market estimates and forecasts by application, 2016 – 2026
8.2.6.5. U.S. market estimates and forecasts by end-user, 2016 – 2026
8.2.7. Canada
8.2.7.1. Canada market estimates and forecast, 2016 – 2026
8.2.7.2. Canada market estimates and forecasts by product, 2016 – 2026
8.2.7.3. Canada market estimates and forecasts by protection levels, 2016 – 2026
8.2.7.4. Canada market estimates and forecasts by application, 2016 – 2026
8.2.7.5. Canada market estimates and forecasts by end-user, 2016 – 2026
8.3. Europe
8.3.1. Europe market estimates and forecast, 2016 – 2026
8.3.2. Europe market estimates and forecasts by product, 2016 – 2026
8.3.3. Europe market estimates and forecasts by protection levels, 2016 – 2026
8.3.4. Europe market estimates and forecasts by application, 2016 – 2026
8.3.5. Europe market estimates and forecasts by end-user, 2016 – 2026
8.3.6. Germany
8.3.6.1. Germany market estimates and forecast, 2016 – 2026
8.3.6.2. Germany market estimates and forecasts by product, 2016 – 2026
8.3.6.3. Germany market estimates and forecasts by protection levels, 2016 – 2026
8.3.6.4. Germany market estimates and forecasts by application, 2016 – 2026
8.3.6.5. Germany market estimates and forecasts by end-user, 2016 – 2026
8.3.7. UK
8.3.7.1. UK market estimates and forecast, 2016 – 2026
8.3.7.2. UK market estimates and forecasts by product, 2016 – 2026
8.3.7.3. UK market estimates and forecasts by protection levels, 2016 – 2026
8.3.7.4. UK market estimates and forecasts by application, 2016 – 2026
8.3.7.5. UK market estimates and forecasts by end-user, 2016 – 2026
8.3.8. France
8.3.8.1. France market estimates and forecast, 2016 – 2026
8.3.8.2. France market estimates and forecasts by product, 2016 – 2026
8.3.8.3. France market estimates and forecasts by protection levels, 2016 – 2026
8.3.8.4. France market estimates and forecasts by application, 2016 – 2026
8.3.8.5. France market estimates and forecasts by end-user, 2016 – 2026
8.3.9. Spain
8.3.9.1. Spain market estimates and forecast, 2016 – 2026
8.3.9.2. Spain market estimates and forecasts by product, 2016 – 2026
8.3.9.3. Spain market estimates and forecasts by protection levels, 2016 – 2026
8.3.9.4. Spain market estimates and forecasts by application, 2016 – 2026
8.3.9.5. Spain market estimates and forecasts by end-user, 2016 – 2026
8.3.10. Italy
8.3.10.1. Italy market estimates and forecast, 2016 – 2026
8.3.10.2. Italy market estimates and forecasts by product, 2016 – 2026
8.3.10.3. Italy market estimates and forecasts by protection levels, 2016 – 2026
8.3.10.4. Italy market estimates and forecasts by application, 2016 – 2026
8.3.10.5. Italy market estimates and forecasts by end-user, 2016 – 2026
8.3.11. Russia
8.3.11.1. Russia market estimates and forecast, 2016 – 2026
8.3.11.2. Russia market estimates and forecasts by product, 2016 – 2026
8.3.11.3. Russia market estimates and forecasts by protection levels, 2016 – 2026
8.3.11.4. Russia market estimates and forecasts by application, 2016 – 2026
8.3.11.5. Russia market estimates and forecasts by end-user, 2016 – 2026
8.4. Asia Pacific
8.4.1. Asia Pacific market estimates and forecast, 2016 – 2026
8.4.2. Asia Pacific market estimates and forecasts by product, 2016 – 2026
8.4.3. Asia Pacific market estimates and forecasts by protection levels, 2016 – 2026
8.4.4. Asia Pacific market estimates and forecasts by application, 2016 – 2026
8.4.5. Asia Pacific market estimates and forecasts by end-user, 2016 – 2026
8.4.6. China
8.4.6.1. China market estimates and forecast, 2016 – 2026
8.4.6.2. China market estimates and forecasts by product, 2016 – 2026
8.4.6.3. China market estimates and forecasts by protection levels, 2016 – 2026
8.4.6.4. China market estimates and forecasts by application, 2016 – 2026
8.4.6.5. China market estimates and forecasts by end-user, 2016 – 2026
8.4.7. India
8.4.7.1. India market estimates and forecast, 2016 – 2026
8.4.7.2. India market estimates and forecasts by product, 2016 – 2026
8.4.7.3. India market estimates and forecasts by protection levels, 2016 – 2026
8.4.7.4. India market estimates and forecasts by application, 2016 – 2026
8.4.7.5. India market estimates and forecasts by end-user, 2016 – 2026
8.4.8. Japan
8.4.8.1. Japan market estimates and forecast, 2016 – 2026
8.4.8.2. Japan market estimates and forecasts by product, 2016 – 2026
8.4.8.3. Japan market estimates and forecasts by protection levels, 2016 – 2026
8.4.8.4. Japan market estimates and forecasts by application, 2016 – 2026
8.4.8.5. Japan market estimates and forecasts by end-user, 2016 – 2026
8.4.9. Australia
8.4.9.1. Australia market estimates and forecast, 2016 – 2026
8.4.9.2. Australia market estimates and forecasts by product, 2016 – 2026
8.4.9.3. Australia market estimates and forecasts by protection levels, 2016 – 2026
8.4.9.4. Australia market estimates and forecasts by application, 2016 – 2026
8.4.9.5. Australia market estimates and forecasts by end-user, 2016 – 2026
8.5. Latin America (LATAM)
8.5.1. LATAM market estimates and forecast, 2016 – 2026
8.5.2. LATAM market estimates and forecasts by product, 2016 – 2026
8.5.3. LATAM market estimates and forecasts by protection levels, 2016 – 2026
8.5.4. LATAM market estimates and forecasts by application, 2016 – 2026
8.5.5. LATAM market estimates and forecasts by end-user, 2016 – 2026
8.5.6. Brazil
8.5.6.1. Brazil market estimates and forecast, 2016 – 2026
8.5.6.2. Brazil market estimates and forecasts by product, 2016 – 2026
8.5.6.3. Brazil market estimates and forecasts by protection levels, 2016 – 2026
8.5.6.4. Brazil market estimates and forecasts by application, 2016 – 2026
8.5.6.5. Brazil market estimates and forecasts by end-user, 2016 – 2026
8.5.7. Mexico
8.5.7.1. Mexico market estimates and forecast, 2016 – 2026
8.5.7.2. Mexico market estimates and forecasts by product, 2016 – 2026
8.5.7.3. Mexico market estimates and forecasts by protection levels, 2016 – 2026
8.5.7.4. Mexico market estimates and forecasts by application, 2016 – 2026
8.5.7.5. Mexico market estimates and forecasts by end-user, 2016 – 2026
8.5.8. Argentina
8.5.8.1. Argentina market estimates and forecast, 2016 – 2026
8.5.8.2. Argentina market estimates and forecasts by product, 2016 – 2026
8.5.8.3. Argentina market estimates and forecasts by protection levels, 2016 – 2026
8.5.8.4. Argentina market estimates and forecasts by application, 2016 – 2026
8.5.8.5. Argentina market estimates and forecasts by end-user, 2016 – 2026
8.6. Middle East & Africa (MEA)
8.6.1. MEA market estimates and forecast, 2016 – 2026
8.6.2. MEA market estimates and forecasts by product, 2016 – 2026
8.6.3. MEA market estimates and forecasts by protection levels, 2016 – 2026
8.6.4. MEA market estimates and forecasts by application, 2016 – 2026
8.6.5. MEA market estimates and forecasts by end-user, 2016 – 2026
8.6.6. Saudi Arabia
8.6.6.1. Saudi Arabia market estimates and forecast, 2016 – 2026
8.6.6.2. Saudi Arabia market estimates and forecasts by product, 2016 – 2026
8.6.6.3. Saudi Arabia market estimates and forecasts by protection levels, 2016 – 2026
8.6.6.4. Saudi Arabia market estimates and forecasts by application, 2016 – 2026
8.6.6.5. Saudi Arabia market estimates and forecasts by end-user, 2016 – 2026
8.6.7. UAE
8.6.7.1. UAE market estimates and forecast, 2016 – 2026
8.6.7.2. UAE market estimates and forecasts by product, 2016 – 2026
8.6.7.3. UAE market estimates and forecasts by protection levels, 2016 – 2026
8.6.7.4. UAE market estimates and forecasts by application, 2016 – 2026
8.6.7.5. UAE market estimates and forecasts by end-user, 2016 – 2026
8.6.8. South Africa
8.6.8.1. South Africa market estimates and forecast, 2016 – 2026
8.6.8.2. South Africa market estimates and forecasts by product, 2016 – 2026
8.6.8.3. South Africa market estimates and forecasts by protection levels, 2016 – 2026
8.6.8.4. South Africa market estimates and forecasts by application, 2016 – 2026
8.6.8.5. South Africa market estimates and forecasts by end-user, 2016 – 2026
Chapter 9. Company Profiles
9.1. Engarde
9.1.1. Business overview
9.1.2. Financial data
9.1.3. Product landscape
9.1.4. Strategic outlook
9.1.5. SWOT analysis
9.2. Imperial Armour
9.2.1. Business overview
9.2.2. Financial data
9.2.3. Product landscape
9.2.4. Strategic outlook
9.2.5. SWOT analysis
9.3. PPSS
9.3.1. Business overview
9.3.2. Financial data
9.3.3. Product landscape
9.3.4. Strategic outlook
9.3.5. SWOT analysis
9.4. Survival Armor
9.4.1. Business overview
9.4.2. Financial data
9.4.3. Product landscape
9.4.4. Strategic outlook
9.4.5. SWOT analysis
9.5. U.S. Armor Corporation
9.5.1. Business overview
9.5.2. Financial data
9.5.3. Product landscape
9.5.4. Strategic outlook
9.5.5. SWOT analysis
9.6. BAE Systems
9.6.1. Business overview
9.6.2. Financial data
9.6.3. Product landscape
9.6.4. Strategic outlook
9.6.5. SWOT analysis
9.7. Safariland
9.7.1. Business overview
9.7.2. Financial data
9.7.3. Product landscape
9.7.4. Strategic outlook
9.7.5. SWOT analysis
9.8. Sarkar Defense Solution
9.8.1. Business overview
9.8.2. Financial data
9.8.3. Product landscape
9.8.4. Strategic outlook
9.8.5. SWOT analysis
9.9. VestGuard UK
9.9.1. Business overview
9.9.2. Financial data
9.9.3. Product landscape
9.9.4. Strategic outlook
9.9.5. SWOT analysis
9.10. Armor Express
9.10.1. Business overview
9.10.2. Financial data
9.10.3. Product landscape
9.10.4. Strategic outlook
9.10.5. SWOT analysis
9.11. DuPont
9.11.1. Business overview
9.11.2. Financial data
9.11.3. Product landscape
9.11.4. Strategic outlook
9.11.5. SWOT analysis
9.12. Point Blank Body Armor
9.12.1. Business overview
9.12.2. Financial data
9.12.3. Product landscape
9.12.4. Strategic outlook
9.12.5. SWOT analysis
9.13. Sioen Blastics
9.13.1. Business overview
9.13.2. Financial data
9.13.3. Product landscape
9.13.4. Strategic outlook
9.13.5. SWOT analysis
9.14. Honeywell International
9.14.1. Business overview
9.14.2. Financial data
9.14.3. Product landscape
9.14.4. Strategic outlook
9.14.5. SWOT analysis
9.15. C.P.E. Production
9.15.1. Business overview
9.15.2. Financial data
9.15.3. Product landscape
9.15.4. Strategic outlook
9.15.5. SWOT analysis