Global Bullet Proof Jackets Market Size To Worth USD 2.49 Billion By 2030 | CAGR of 7.5%

Category: Aerospace & Defense

RELEASE DATE Oct 2022
REPORT ID SI1242

Global Bullet Proof Jackets  Market Size To Worth USD 2.49 Billion By 2030

According to a research report published by Spherical Insights & Consulting, the Global Bullet Proof Jackets Market Size to Grow from USD 1.30 billion in 2021 to USD 2.49 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period. Bullet Proof Jackets market growth is projected to be driven by rising demand for lightweight body armor from end-use sectors like defence, law enforcement, and civilians.

Bullet Proof Jackets Market

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Browse key industry insights spread across 240 pages with 183 market data tables and figures & charts from the report " The Global Bullet Proof Jackets Market Size, Share, and COVID-19 Impact Analysis By Type (Hard jacket and Soft jacket), By End-use Type (Defense, Security & Law Enforcement and Civilians), By Protection Level (II, IIIA & IIIA+, III & III+, IV) and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2021 – 2030"

 in detail along with the table of contents https://www.sphericalinsights.com/reports/bullet-proof-jackets-market

 

The COVID-19 pandemic has made an adverse impact on credit portfolios. There has been an unprecedented rise in unemployment and disruption in economic activity, putting a strain on the solvency of customers and companies. Central banks have taken a proactive approach by injecting liquidity into the market by lowering interest rates and asset purchase programs. Managing and monitoring credit, market, liquidity, and operational risk across financial markets were hard enough with ongoing geopolitical tensions, international trade wars, and the occasional hurricanes and earthquakes. The current pandemic situation has forced chief risk officers and their teams to recalibrate old assumptions and models used to manage and monitor risk. COVID-19’s global impact has shown that interconnectedness plays an important role in international cooperation. As a result, many governments started rushing toward identifying, evaluating, and procuring reliable solutions powered by AI.

 

The Soft Jacket segment to account for the largest market size during the forecast period

Based on the Type, the Global Bullet Proof Jackets Market is categorized into Hard Jacket and Soft jacket. The Soft Jacket segment to account for the largest market size during the forecast period. The market for soft jacket segment of bulletproof jackets is increasing in demand in military as it is made of a number of layers of woven and laminated fibres and protects security personnel and soldiers from bombs, shotguns, and small-caliber handguns. Additionally, Ballistic plates are frequently found within soft jackets which is making rapid growth in the market.

 

The II segment to hold a higher CAGR during the forecast period

 Based on the Protection Level, the Global Bullet Proof Jackets Market is categorized into III, IIIA & IIIA+, III & III+ and IV. The II segment to hold a higher CAGR during the forecast period. The market for soft jacket segment of bulletproof jackets is increasing in demand in market as the level II body armor is suitable for council employees, officers, and even civilians. It provides enough protection to guarantee that someone can endure an assault without feeling burdened by the protection.

 

The Defense segment is to hold a higher CAGR during the forecast period.

 Based on the End-use, the Global Bullet Proof Jackets Market is categorized into Security & Law Enforcement, Civilians, and Defenses. he Defense segment is to hold a higher CAGR during the forecast period. The demand for bulletproof jackets have been increase in defense as attacks, violence, and threats increase globally, there is an increased need for civilian and military protection. As a result, the need for bulletproof clothing in the defense industries will rise.

 

Europe is estimated to account for the highest market share in 2021.

 

 

Bullet Proof Jackets Market

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The Global Bullet Proof Jackets Market has been segmented into five major regions:  North America, Europe, Asia-Pacific, South America, The Middle East and Africa. Europe is estimated to account for the highest market share in 2022. Europe region is rapidly increasing in market is due to better jacket production techniques and government funding schemes. These are the main factors that influence the European market. The anticipated period should see gradual growth in developing regions. This is brought on by a dearth of funding initiatives and cutting-edge technologies. Asia-Pacific to hold a higher CAGR during the forecast period.

 

Major vendors in the Global Bullet Proof Jackets Market include Point Blank Solutions, Inc, Armor Express, DuPont, U.S. ARMOR CORPORATION, EnGarde, MKU LIMITED, ARGUN s.r.o., Infidel Body Armor, Seyntex N.V., MARS Armor, VestGuard UK Ltd, BulletSafe Bulletproof Vests, COMPASS INTERNATIONAL CORP. LTD, and Canadian Armour Ltd.

 

Some of the Key Developments:

  • In January 2022- Point Blank Enterprises Inc., a company based in India, unveiled the ORIGIN modular tactical vest platform.

 

  • In June 2019- MKU Limited made an R&D investment expand its product offerings. The company has also developed an Integrated Load Distribution System (ILDS) for protective clothing.

 

Market Segment

This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the Global Bullet Proof Jackets Market based on the below-mentioned segments:

 

 The Global Bullet Proof Jackets Market, By Type

  • Hard Jacket
  • Soft jacket

 

The Global Bullet Proof Jackets Market, By End-use

  • Defense
  • Security & Law Enforcement
  • Civilians

 

The Global Bullet Proof Jackets Market, By Protection Level

  • II
  • IIIA & IIIA+
  • III & III+
  • IV

 

The Global Bullet Proof Jackets Market, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

 

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 

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