Bulletproof Vests Market to cross USD 2 Bn by 2026
Global Market Insights, Inc. has recently added a new report on bulletproof vests market which estimates the global market valuation for bulletproof vests will cross US$ 2 billion by 2026. Increasing sales of body armor globally will surge bulletproof vests demand from defense industry.To get more news about bulletproof zone customer service, you can visit bulletproofboxs.com official website.
Rising public protests on racial, religious, and political differences across the globe will drive the use of bulletproof vests to safeguard police and several law enforcement personals. Additionally, increasing terrorism and hostile activities cross the globe have forced various law enforcement agencies to procure bullet resistant vests and other related accessories to ensure officer safety. Level IV-based bulletproof vests will witness 6.7% CAGR over 2020 to 2026 as these provide highest level of protection against high-caliber ammunition, such as 0.30 mm caliber bullets, making it highly preferable for defense operations. The flexible ballistic vests segment will witness significant growth in bulletproof vest market size owing to their comfort and lightness, increasing their demand across various end-users that mainly include police, security guards, and law enforcement personnel.
The covert bulletproof vests segment is likely to grow at 6.5% CAGR through 2026. The growth is attributed to its comfort beneath regular clothing, which has increased its demand across various end-users that mainly include bureaucrats, businessmen, and several High-Net-Worth-Individuals (HNWIs).
Civil bulletproof vests users wear ballistic protective equipment on the front and rear torso, that are mainly used by high-ranking officials, bureaucrats, and businessmen. Civil end-users prefer lightweight and comfortable vest with protection levels I & II under the National Institute of Justice and levels I, II, and III under GOST.
The Europe bulletproof vests market is anticipated to witness 6.6% CAGR during 2020-2026 owing to increasing demand from prominent military users including France, Russia, and the UK that procure large volumes of bulletproof vests to safeguard military soldiers. Furthermore, the introduction of several military modernization programs across various regions, such as Russia’s PONARS Eurasia program and France’s FELIN (Integrated Infantryman Equipment and Communications) program, will have an opportunistic line for product demand in the region.
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