Product ID: UCMIG20A2072
Bulletproof Vest Market Size, Share, Growth Analysis, By Product(Flexible ballistic, Hard ballistic/ Armor plate), By Protection level(Level I, Level II), By Application(Covert, Overt), By end-user(Military, Law enforcement), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG20A2072 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Bulletproof Vest Market Insights
Market Overview:
The Bulletproof Vest Market was worth USD 1.45 billion in 2019 and is projected to grow at a CAGR of 6.7% from 2020 to 2026. The market growth is attributed to the increasing emphasis of defense agencies on enhancing soldier survivability. The use of para-aramid textiles, titanium plating, and other nanotechnology materials in the manufacture of vests is expected to increase product penetration in the defense industry. Technological advancements in the industry will further drive the growth of the market.
Bulletproof Vest Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
To get more reports on the above market click here to
Get Free Sample
Get Free Sample
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Aerospace & Defense by segment aggregation, the contribution of the Aerospace & Defense in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Bulletproof Vest Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
