Impact Of COVID-19 On Military Tactical Vest Market Research Report 2020

Market Highlights

A tactical vest is a heavy-duty vest that is worn over regular clothing for protection against ballistics and sharp object attacks. The vest is also used to carry ammunitions, gun magazines, grenades, and communication devices such as cell phones. Military tactical vest are primarily constructed with lightweight materials which reduces fatigue without compromising on protection. Military tactical vest can be purchased in multiple configurations that includes shoulder pads, chest and side protection among others.

global military tactical vest market registered a significant growth rate owing to the high investments in militaryacross the regions. Moreover, military modernization programs in countries such as the US and the UK are further expected to propel the market growth during the forecast period. In addition to this, growing focus on ensuring soldier survivability is expected to encourage market growth.

Riser in military warfare is also expected to drive the demand for soldier protection equipment thereby, driving the market growth during the forecast period. Moreover, countries including China, India, and South Korea are currently undertaking upgradation of their military equipment which is expected to increase adoption of tactical vests for safeguarding the army personnel.

The global military tactical vest market is segmented on the basis of vest type, protection level, and region. Technological advancements in the field of materials is expected to drive the market growth. Key players operating in the market are investing in R&D towards development of advanced tactical vest material such as nanotechnology and liquid body armor among others.

Based on region, the global military tactical vest market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The North American market accounted for the largest share and is expected to register highest CAGR during the forecast period. Various soldier protection programs undertaken by countries such as the US are expected to propel the growth of the regional market during the forecast period.

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Key Players

The key players in the global military tactical vest market are Ballistic Body Armor Pty (South Africa), Aegis Engineering Ltd. (UK), BAE Systems (UK), AR500 Armor (US), Craig International Ballistics Pty Ltd. (Australia), Hellweg International (Australia), Point Blank Enterprises, Inc. (US), Ceradyne, Inc. (US), Kejo Limited Company (US), Pacific Safety Products (Canada), and Safariland, LLC (US).