Bullet Proof Jackets Market Growth & Trends
The global bullet proof jackets market size is expected to reach USD 1.98 billion by 2030 according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 5.7% from 2022 to 2030. Increased security concerns, combined with cross-border conflicts, will drive demand for bulletproof jackets, fostering the strong expansion of the industry.
COVID-19 has had a tremendous impact on the production of bullet proof jackets.
The demand for bulletproof jackets has increased dramatically in recent years. However, due to lockdown restrictions and the shutdowns of manufacturing facilities, manufacturing businesses’ output of bullet proof jackets remained lower than in prior years.
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The increase in military spending by established and emerging countries throughout the world is expected to be the key development factor for this market. Furthermore, increased terrorism in various nations such as Asia Pacific and the Middle East is prompting countries to focus on acquiring security solutions, hence fueling market demand.
The growing security threats are the primary internal and external drivers for the bulletproof jacket industry. Domestic concerns like political violence and economic sabotage, as well as exterior perils like terrorist attacks and trafficking, increase the demand for the global market.
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Bullet Proof Jackets Market Segmentation
Grand View Research has segmented the global bullet proof jackets market based on type, end-use, protection level, and region:
Bullet Proof Jackets Type Outlook (Revenue, USD Million, 2017 - 2030)
Soft JacketHard JacketBullet Proof Jackets End-use Outlook (Revenue, USD Million, 2017 - 2030)
DefenseSecurity & Law EnforcementCiviliansBullet Proof Jackets Protection Level Outlook (Revenue, USD Million, 2017 - 2030)
IIIIIA & IIIA+III & III+IVList of Key Players in Bullet Proof Jackets Market
Point Blank Solutions, IncArmor ExpressDuPontU.S. ARMOR CORPORATIONEnGardeMKU LIMITEDARGUN s.r.o.Infidel Body ArmorSeyntex N.V.MARS ArmorVestGuard UK LtdBulletSafe Bulletproof VestsCOMPASS INTERNATIONAL CORP. LTDCanadian Armour LtdBrowse Full Report:https://www.grandviewresearch.com/industry-analysis/bullet-proof-jacket-market
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Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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