BULLET PROOF JACKET MARKET ANALYSIS (2020-2027)
Bullet proof jackets also known as bullet proof vests are used for protecting body from knives, explosions, and bullets. Different layers of woven and laminated fibers are used to make these soft vests which protects soldiers from explosives and gunshots. Additionally, ballistic plates are also inserted in thee soft vests which provides protection from knife stabs.
Market Dynamics:-
Rising security threats across the globe coupled with increasing investments in the defense budget are factors driving growth of the global bullet proof jacket market. Moreover, increasing R&D to develop advanced bullet proof vests is also a key driver aiding in the bullet proof jacket market growth. According to article published in International Journal of Impact Engineering in 2018 on 'Ballistic Impact Simulation of Proposed Bullet Proof Vest Made of TWIP Steel, Water and Polymer Sandwich Composite Using FE-SPH Coupled Technique', concluded that optimum thickness of 2 mm steel/20 mm water/2 mm steel is able to stop 9 mm bullet travelling at 360 m/s speed with less than 10 mm displacement of the inner surface of the composite.
Market Outlook:-
Among product type, soft vest segment is expected to hold significant market share over the forecast period in the global bullet proof jacket market. This is owing to increasing product launches by leading players, manufacturing soft vest with advanced fabric. For instance, in 2016, Point Blank Enterprises introduced Alpha EliteTM Black, a soft armor vest under Alpha EliteTM Series. The product includes the Dyneema Force Multiplier Technology ballistic material. The product design was showcased in the Shooting, Hunting and Outdoor Trade show in January, 2016 at Las Vegas, U.S.
Among region, North America is expected to be dominant in the global market over the forecast period. This is owing to rising government funding in defense sector in this region. For instance, in 2016, the U.S. House of Representatives allotted a defense budget of US$ 598.5 Billion under the National Defense Authorization Act. Therefore, growing funding by government bodies for defense may propel growth of the North America bullet proof jacket market.
Key Players:-
Major players operating in the global bullet proof jacket market include Honeywell International, Inc, E.L Dupont DE Nemours & Co., U.S. Armor Corporation, Wenzhou Start Co Ltd., MKU Limited, EnGarde, Infidel Body Armor, Point Blank Enterprises, Inc., MARS Armor, Armourshield Ltd, and others.
Companies across the globe are adopting strategies such as mergers & acquisitions, product launches, and partnership & collaborations to gain strong foothold in the global market. For instance, in 2018, Engrade Body Armor announced the development of ballistic t-shirt, a soft armor weighing around 1.85 kg (4 lbs) offers NIJ Level IIIA threat protection. This jacket has advanced moisture wicking capability, which keeps the person cool and dry.
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Market Taxonomy:-
On the basis of product type, the global bullet proof jacket market is segmented into:
- Soft Vest
- Hard Vest
On the basis of end-user, the global bullet proof jacket market is segmented into:
- Defense
- Law Enforcement
- Civilians
On the basis of region, the global bullet proof jacket market is segmented into:
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- U.K.
- Germany
- Italy
- Spain
- France
- Poland
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- New Zealand
- Japan
- ASEAN
- Australia
- Rest of Asia Pacific
- Middle East
- Gulf Cooperation Council (GCC)
- Israel
- Rest of Middle East
- Africa
- Northern Africa
- South Africa
- Central Africa
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Source:
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