Bulletproof Jackets Market

Market Study on Bulletproof Jackets Market: Heightened sales of bulletproof jacket for civilians and Internal Security Purpose is driving the Market

Bulletproof Jackets Market Segmented by Product Type - Soft jacket | Hard jacket

Bulletproof Jackets Market Outlook (2022-2032)

The net worth of the global market for bulletproof jackets is evaluated to be around US$ 1.27 Bn in the current year 2022, and it is anticipated to increase at a CAGR of 5.5% from 2022 to 2032. As per the bulletproof jackets market analysis report, the net valuation of the overall market is estimated to reach around 2.17 Bn by the end of the year 2032.

“Proliferation of e-commerce platforms with faster product delivery has changed the industry's dynamics in last few years.”

Bulletproof jackets industry growth is projected to be fuelled by the growing preference for lightweight body armour from several end-use sectors like defense, law enforcement, and civilians as well. The brief stoppage and lockout during the pandemic had a negative effect on the production and sales of bulletproof jackets that were recovered by the producers shortly after.

Attributes

Details

Bulletproof Jackets Market CAGR (2022-2032)

5.5%

Bulletproof Jackets Market Size (2022)

US$ 1.27 Bn

Bulletproof Jackets Market (2032)

US$ 2.17 Bn

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Companies

  • Point Blank Enterprises, Inc.
  • Armor Express
  • DuPont
  • 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
  • Canadian Armour Ltd

What are the Prevailing Opportunities in the Bulletproof Jackets Market?

As citizen security becomes a more pressing concern in the United States, France, and some other nations as well, the use of bulletproof jackets is also increasing. Moreover, concerns about security in industrial sectors like the entertainment industry, political figures, and transporting resources of national interest are rising quickly as attacks have become more and more common these days. In light of such events, it is anticipated that throughout the expected timeline, demand for bulletproof jackets and other armor would increase.

As a result, businesses and governments from all over the globe are making investments in the creation of new, lighter vests that have more mobility qrowing to the incorporation of cutting-edge technologies like 3D printing technology and experimenting with the use of composite and lightweight materials.

Furthermore, as assaults, violence, and threats increase globally, there is an increased need for civilian and professional protection as well which would be instrumental in the other end-user verticals as well. As a result, the need for bulletproof apparel in the defense industry is expected to rise.

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What are the Factors Hampering the Global Bulletproof Jackets Market?

Raw material procurement is anticipated to hinder bulletproof jacket producers because the growing geopolitical tension situation had a negative impact on the transportation of defense equipment and raw materials. In addition, there is a substantial imbalance between supply and demand as a result of the shortage of raw materials from Chinese manufacturers following the trade war.

Other than that, military personnel finds it challenging to carry and move around in bulky bulletproof jackets while on the battlefield which has limited the bulletproof jackets for sale.

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Category-wise Insights

Which is the Most Preferred Product Type?

Based on product type, the soft jacket market category held the top spot and accounted for 55% of worldwide sales and is expected to continue its position during the forecast years. Ballistic plates are commonly seen within soft jackets and protect security personnel and troops from bombs, shotguns, and small-caliber pistols.

While hard vest bullet barrier protection jackets are mostly used for high-risk tactical assignments and hostage rescue missions. In comparison to soft vests, the wearer of the hard jacket is additionally protected from risks bigger than category IIIA.

Among Different Protection Levels of Bulletproof Jackets, which Category is likely to dominate the Market?

As per the records of the previous years, bulletproof jackets of the level II protection segment contributed to almost 25% of worldwide sales share until the year 2021. Such success of this segment can be ascribed to the growing popularity of this product among officers of the council, civilians, and even council staff who can wear level II bulletproof vests. It offers sufficient defense to ensure that a person can withstand an assault without feeling overburdened by its weight.

Further, in order to provide optimal protection, Level IIIA, and IIIA+ body armor can also be utilized in combination with certain other protective panels making these the most lucrative segment for bulletproof jacket industry players.

Which Segment is Likely to Lead the Bulletproof Jackets Market by End User Segment?

As per the analysis, the defense end-user segment contributes 60% of total sales achieved by the key market players for bulletproof jackets around the world. Recent advances in global military might and excessive military budget are to blame for the higher sales of bulletproof jackets to the defense sector of several nations.

Security and law enforcement end-user segment revenue contribution amounted to 27% of the total revenue generated in the year 2021. As they perform their duties to guarantee safety and security and to discover, prevent, and punish infractions, safety enforcement professionals are projected to increase demand for bulletproof jackets throughout the forecast period.

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Comparative View of Adjacent Bulletproof Jackets Market

Attributes

Bulletproof Jackets Market

CAGR (2022 to 2032)

5.5%

Market Value (2022)

US$ 1.27 Bn

Growth Factor

Growing expenditure on upgrading military strength is driving the net worth.

Future Opportunities

Rising cases of security compromise in internal public places are expected to drive the market further.

Market Trends

Technological advancements for manufacturing of better products with less cost are the major trend.

Comparative View of Adjacent Military PPEs Market

Attributes

Military PPEs Market

CAGR (2022 to 2032)

7.5%

Market Value (2022)

US$ 15 Bn

Growth Factor

The outbreak of COVID-19 and the need for the military for public security at the such time has increased the sales of PPEs.

Future Opportunities

An increase in the number of recruits for the armed services of all militarized nations is anticipated to drive up product demand.

Market Trends

Acquiring long-term contracts from national defense organizations is the major strategy adopted by the players.

Comparative View of Adjacent Small Arms & Light Weapons Market

Attributes

Small Arms & Light Weapons Market

CAGR (2022 to 2032)

8.5%

Market Value (2022)

US$ 22.3 Bn

Growth Factor

The demand is anticipated to rise as concerns about safety and security and human rights become more prevalent.

Future Opportunities

Increased work on modernizing and upgrading the law enforcement community's arsenal of weaponry to create more opportunities.

Market Trends

There are likely to be additional opportunities for market actors if urban combat and terrorist activities both rise.

Country-wise Insights

How will United States Shape Bulletproof Jackets Market Growth?

Traditionally, by the virtue of advanced technological capability and the presence of prominent market players, the United States is the leading manufacturer of bulletproof jackets for sale and export.

According to the report, the country now dominates the market for bulletproof jackets because to the rising purchasing power of the public, as well as the cultural need for the safety and protection of the armed forces and civilians. Perhaps another factor fuelling the US market for bulletproof jackets is the government's enhanced defense budget spending over the past few years. Additionally, the government is increasing the defense budget to bolster security measures for domestic purposes in response to growing security worries.

What Prospects are in Store for the Bulletproof Jackets Market in Europe?

In the global market for bulletproof jackets, Europe held almost 15% of the worldwide revenue share generated in the previous years, and it is projected that this trend will hold during the forecast period as well. The anticipated era should see the gradual growth of demand for bulletproof jackets in emerging regions brought on by the Russia-Ukraine war and the use of cutting-edge technology in the production of arms and ammunition.

The bulletproof jackets business is projected to be driven by important enterprises in Europe, such as Engrade Body Armor, VestGuard UK Ltd., MARS Armour, and others. Growth in sales of bulletproof jackets is anticipated to be fuelled by rising expenditure on body armor purchases by military forces and law enforcement agencies.

How Japan is contributing to the Growth of the Global Bulletproof Jackets Market?

As per the market survey report, Asia Pacific had the largest percentage in manufacturing and sales of bulletproof jackets until 2021. China is projected to continue to be the top spender on the acquisition of bulletproof ballistic protection products over the forecast years, however, Japan is pacing up its production capacity to meet the export demand from its neighboring countries. The obsolescence of current bulletproof vests and the rising border tensions between various nations in the area are anticipated to fuel the Japan bulletproof jackets market development in the coming years.

Will South Korea contribute a Lucrative Bulletproof Jackets Market Share?

In South Korea, there is also an increase in defense research and development spending to create newer models of bulletproof vests that are effective for modern warfare. . This is partly due to improved bulletproof jacket production techniques and government financing schemes for encouraging the domestic market players. Given the rising tensions between North Korea and South Korea, it is anticipated that over the forecast time span, this is probably going to fuel the demand for bulletproof jackets further.

What is the Competition Status in the Global Bulletproof Jackets Market?

Key players in the global PMR market are 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. among others.

Nowadays, bulletproof jacket manufacturing companies are increasingly focusing on creating vests that are softer, lightweight, and more ergonomic than their traditional counterparts which have made the product more acceptable among the general mass. Prominent bulletproof jacket market players also place a strong emphasis on commercial growth through agreements with military organizations and civil security agencies. Also, mergers and partnerships with public corporations fetch them more reputation and authenticity for their product in the market.

Report Scope

Attributes

Details

Forecast Period

2022 to 2032

Historical Data Available For

2015 to 2021

Market Analysis

US$ Mn for Value

Key Countries Covered

  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Germany
  • Italy
  • France
  • U.K.
  • BENELUX
  • Nordics
  • China
  • Japan
  • South Korea
  • GCC Countries
  • South Africa
  • Turkey

By Market Segments

  • Product Type
  • End User Verticals
  • Protection Level
  • Region

Key Companies Profiled

  • 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
  • Canadian Armour Ltd.

Pricing

Available Upon Request

Key Segments Covered in the Bulletproof Jackets Industry Report

Bulletproof Jackets Industry by Product Type

  • Soft jacket
  • Hard jacket

Bulletproof Jackets Industry by End User Verticals

  • Defence
  • Security & Law Enforcement
  • Civilians
  • Others

Bulletproof Jackets Industry by Protection Level

  • Level II Bulletproof Jackets
  • Level IIIA & IIIA+ Bulletproof Jackets
  • Level III & III+ Bulletproof Jackets
  • Level IV and above Bulletproof Jackets

Bulletproof Jackets Industry by Region

  • North America Market
  • Europe Market
  • East Asia Market
  • South Asia and Pacific Market
  • Middle East & Africa Market
  • South America Market

- FAQs -

The global market likely grow at a rate of 5.5% through 2032

The global market is expected to garner US$ 2.17 Bn by 2032

The United States is projected to be the dominant market for the production and sales of bulletproof jackets.

The global bulletproof jackets market was estimated at US$ 1.27 Bn in 2021

The Defense segment is expected to take a lead while recording an above average CAGR of during 2022 to 2032.

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