What is Ballistic Vests Market Scope?
A ballistic vest is an item of protective clothing that absorbs impacts from gun-fired projectiles and shrapnel fragments from explosions. A soft vest, made from many layers of woven or laminated fibers, protects the wearer's torso from projectiles fired from handguns, shotguns, and small fragments from explosives such as hand grenades. If metal or ceramic plates are used with a soft vest, it can protect the wearer from rifle shots as well. When combined with metallic components or tightly woven fiber layers, soft armor offers some protection to the wearer from stab and slash from a knife. Soft vests are commonly worn by police forces, private citizens, and private security guards, and hard-plate reinforced vests are mainly worn by combat soldiers in the armies of various nations as well as police armed response units.
Influencing Trend:
High-End Bulletproof Fashion Growing In Popularity
Market Growth Drivers:
Growing Military Expenditure in Almost Every Region around the World and The Rise in Terrorism and Hostile Activities around the World
Challenges:
Increasing Reshoring
Restraints:
Heavy Weight of Ballistic Vests
Opportunities:
Technological Advancements in Ballistic Vests and Growth Opportunities from Emerging Economies
The Ballistic Vests market study is being classified by Type (Soft Ballistic Vests and Hard Ballistic Vests), by Application and major geographies with country level break-up.
Ballistic Vests is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Ballistic Vests market throughout the predicted period.
U.S. Armor Corporation (United States), MARS Armor (Bulgaria), VestGuard (United Kingdom), EnGarde (Netherlands), Canarmor (Canada), Wenzhou Start Co. Ltd (China), Armourshield (United States), BulletSafe (United States), MKU Limited (India), Jihua Group (China) and Infidel Body Armor (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are KDH Defense (United States), Ningbo Dacheng (China), Safariland LLC (United States), Point Blank Enterprises (United States), Ceradyne (United States), BAE Systems (United Kingdom), ADA (Australia) and Anjani Technoplast (India).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Ballistic Vests market by Type, Application and Region.
On the basis of geography, the market of Ballistic Vests has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On 30 July 2019, KDH Defense Systems, Inc., a leading manufacturer of American-made, high-performance protective solutions, announced today it has been awarded two separate delivery orders from the U.S. Army totalling approximately USD 40.0 million. KDH received a USD 31.5 million delivery order as part of contract number W91CRB-15-D-0021 from the Army Contracting Command to produce the Modular Scalable Vest (“MSV”) Generation II.
On 15 Nov 2018, EnGarde Body Armor, a leading ballistic vests manufacturer has developed ballistic T-shirt. and On 17 Oct 2018, Melbourne-based Australian Defence Apparel (ADA) has provided 14,000 new ballistic vests for the Victorian Police Force as part of a USD 36 million investment.
Key Target Audience
Ballistic Vests Manufacturers, Raw Material Suppliers, Ballistic Vests Traders/Distributors, Ballistic Vests Importers/Exporter, Regulatory & Government Bodies, End Users and Others
Ballistic Vests Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Ballistic Vests Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Ballistic Vests industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.