With At A CAGR Of 5.5%, Bulletproof Jackets Market Worth Around US$ 1.27 Bn Over The Forecast Period (20222032) Persistence Market Research
Bulletproof Vests Market Research: Increasing Sales Of Bulletproof Vests For National And Civil Security Purposes
New York, Dec. 5, 2022 (GLOBE NEWSWIRE) -- The global body armor market is estimated to be valued at approximately $1.27 billion by 2022, growing at a CAGR of 5.5% between 2022 and 2032. It is expected let it grow The Bulletproof Vests Market Report explores the growing popularity of bulletproof vests, which are lighter than classic vests and will reach a total market value of $2.17 billion by 2032.
Increased awareness of accident prevention and workplace safety is another factor driving global sales of down jackets. As threats grow, security issues such as government agencies, markets, and roads are growing rapidly. Another reason that the demand for jackets is increasing is the increase in the amount of money the government spends on the military.
The United States is expected to continue to dominate the global market for jackets due to the adoption of the latest technologies and increased spending on expanding the military and defense industries in the region.
The main driver of jacket market growth is expected to be increased military spending in both developed and developing countries .
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Key conclusions of the Bullet Proof Vests Market study
The soft jacket product line segment, which ranks first in terms of product line and accounts for 55% of global sales, is expected to maintain this position in the coming years.
Based on sales data from previous years, level II body armor is expected to account for more than 25% of global sales by 2032.
According to the report, the defense end-user sector accounts for more than 60% of global sales of body armor produced annually by major market players.
Among the broad geographic areas, North America is the leading market for these products and the US is the largest contributor to their position.
Europe has accounted for nearly 15% of the global jacket revenue share in recent years, and this trend is expected to continue to attract regional players in Germany, the UK, France and other countries.
However, bulletproof vest manufacturers also struggle to meet product standards set by regulators. According to Army regulations, a body armor must be able to protect a soldier from 7.62mm ammunition and heavy steel-core bullets fired from 10 meters.
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Competitive Landscape for the Bulletproof Vest Market
Point Blank Solutions, Inc., Armor Express, DuPont, US ARMOR CORPORATION, EnGarde, MKU LIMITED, ARGUN sro, Infidel Body Armor, Seyntex NV, MARS Armor, VestGuard UK Ltd, Bulletproof Armor, COMPASS INTERNATIONAL CORP. LTD and Canada Armor Ltd. is among the major players in the global armor market.
Includes the latest developments in the bulletproof vest market
Most of the problems with conventional Kevlar body armor have been overcome by the recently developed non-Newtonian fluid body armor. Newly developed bulletproof suits can adapt to changes in temperature and pressure. This new variant is also lighter and more adaptable than the regular variant, so it's ready to set new trends.
In January 2022, Point Blank Enterprises Inc. launched the ORIGIN modular tactical vest platform, incorporating new construction techniques, materials for ballistic design, and human factors-based military vest functionality. Located in India.
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