Global Bullet Proof Jacket Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global bullet proof jacket market in its upcoming report titled, “Global Bullet Proof Jacket Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global bullet proof jacket market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global bullet proof jacket market report has been segmented on the basis of product type, end user, and region.

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A bullet proof jacket also called a bullet proof vest, is a personal armor which helps to absorb impact, reduce or stop penetration to body from firearm-fired projectiles and shrapnel from explosions. Bullet proof jackets are available in two forms–hard and soft. Hard bullet proof jackets are used to handle high-risk tactical missions and hostage release missions. Whereas soft bullet proof vests are multi-layered fiber coted jackets. These jackets are used to protect human body from shotgun and handgun projectiles.

Recently developed bullet proof jackets are made of non-Newtonian fluid which eliminates various drawbacks of the conventional bullet proof jackets made of Kevlar. Newly developed bullet proof jacket can modify itself according to temperature and pressure. Moreover, they are more flexible, and lighter as compared to traditional ones.

Major factor driving growth of the global market over the forecast period is increasing internal as well as external security threats across the globe. In addition, increasing government initiatives for defense and other security methods, security of soldiers and civilians, and technological advancements are other factors expected to fuel growth of the global market. Moreover, increasing security concern for various sectors such as retail sectors, and transport security, due to increasing threats is expected to support growth of the target market over the forecast period.

However, high cost of bullet proof jackets is a key factor expected to restrain growth of this market in the near future. In addition, stringent regulatory framework is another factor expected to hamper growth of the target market during the forecast period.

Innovative product development, and technological advancements such as implementation of nanoparticles in bulletproof jackets are expected to create potential opportunities for players in the market during the forecast period.

The market in North America dominates the global market in terms of revenue, owing to rising disposable income, along with growing inclination of government towards safety and protection of defense and civilians in countries in this region. The market in Europe accounted for second largest market share of this market and is expected to remain same during the forecast period, owing to government initiatives and use of advanced technologies for manufacturing bullet proof jackets in various countries in this region.

Global bullet proof jacket market segmentation:

Segmentation by product type:

• Soft Vest
• Hard Vest

Segmentation by end user:

• Defense
• Law Enforcement
• Civilians

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• VestGuard UK
• Point Blank Enterprises, Inc.
• Canadian Armour Ltd.
• Blackhawk, Inc.
• MKU Limited
• EnGarde Body Armor
• Armourshield Ltd.
• BAE Systems
• Safariland, LLC.
• Sarkar Tactical Inc.