Global Bulletproof Vest Market is valued at approximately USD 1225.8 million in 2021 and is anticipated to grow with a healthy growth rate of more than 7.20 % over the forecast period 2022-2028. Bullet-Proof Vests are specially designed to protect the wearer from the impact of firearm bullets on human organs. It prevents penetration of projectile bullets in the wearer’s body and reduces the impact of small fragments from explosives. The increasing defence expenditure and product innovation and technological advancements have led to the adoption of Bulletproof Vest across the forecast period. For Instance: In July 2019, Ordnance Factory Board and MIDHANI in India launched a lightweight bulletproof jacket, Bhabha kavach.
The jacket can stand 7.62mm hard steel bullets fired using an AK 47 assault rifle and 5.56mm ammunition. Recently, PPSS Group launched ultra-light NIJ Level IIIA+ Bulletproof Vests. Also, with the rising security concerns and rising demand for lightweight body armor, the adoption & demand for Bulletproof Vest is likely to increase the market growth during the forecast period. However, high cost and rise in cases of defective vests impede the growth of the market over the forecast period of 2022-2028.
Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw5236
The key regions considered for the Global Bulletproof Vest Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to the surge in defense research and development activities. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as escalating border tensions between various countries, aging of existing Bulletproof Vests would create lucrative growth prospects for the Bulletproof Vest market across Asia-Pacific region.
Major market players included in this report are:
CES Ileri Kompozit ve Savunma Teknolojileri
ELMON SA
Central Lake Armor Express Inc.
DuPont
Honeywell International Inc.
U.S. Armor Corporation
Hawk Armor Protection & Safety Solutions Pvt Ltd
Condor Outdoor Product Inc.
EnGarde Body Armor
MKU Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Flexible Ballistic
Hard Armour Plate
Download Free Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw5236
By End-Use:
Military
Law Enforcement
Civil
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Key inquiries addressed in the report:
- Investigate the COVID 19 outbreak’s effects.
- Our researchers provide unique responses, pinpoint large possibilities and sparkling investments, and advise notable market approach avenues.
These responses will function a complete examination of the:
- The markets’ contemporary infrastructures
- Market possibilities and challenges
- Future manageable for boom in unique industries
- Major geographic and market segments to target, and end-user goal organizations and their workable operational volumes
- Representative and a cost chain possibility breakdown
- Market dimension and increase charge at some point of the expected time frame.
- The market’s predominant riding forces
- Key market tendencies are impeding market expansion.
- Obstacles to market expansion.
- Market’s pinnacle merchants.
- Thorough SWOT evaluation
- Threats and opportunities confronted with the aid of the modern-day carriers in the international market.
- Trending elements that have an effect on the markets in the more than a few regions.
- Initiatives with a strategic focal point on the pinnacle vendors.
- PEST learn about of the 5 principal market regions.
Here the file gives small print on import and export, production, earnings, and important gamers throughout all areas examined. It covers vital manufacturers, tremendous market segments, the vary of items on provide in the world market, years are taken into account, and lookup goals.
Request Full Report – https://reportocean.com/industry-verticals/sample-request?report_id=bw5236
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1 888 212 3539 (US – TOLL FREE)
Website: https://reportocean.com