Bulletproof jackets often referred to as bulletproof vests are an armor that protects the soldiers from bullets, knives, bomb explosion by absorbing the impact and stopping the attack from penetrating the body. The bulletproof jacket is a must for all armed forces, police personnel. The soft jacket consists of various layers of tissue and laminate fibers. In soft jackets, ballistic plates are often inserted. Besides, soft jackets can be used to provide additional protection against rifles and knife stabbing. These vests use different layers of strong fibers that bend the bullet, distributing its impact over a greater portion of the fabric, thereby mushrooming the bullet into a platter shape.
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Major Market Players:
ELMON, Honeywell International, E.L Dupont, U.S. Armor Corporation, KDH defense systems, Wenzhou Start Co., Hawk protection, EnGarde, Infidel Body Armor, Point Blank Enterprises, MARS Armor, Vestguard, Armourshield, BulletSafe, and Compass International.
The bulletproof jacket market is mainly driven both internally and externally by the increased security threats. The need for global market-proof jackets is stepped up by domestic threats such as political violence and economic sabotage, as well as external dangers such as terrorist attacks and trafficking. The increased awareness of trade safety also fuels the demand worldwide for bulletproof jackets. Securities concerns, including security in the retail, health care, and transportation sectors, are growing rapidly as a result of rising threats. Another driving force on the bulletproof Jacket market is increasing government investment in the defense budget. Besides, soldiers’ survival increases worldwide growth in bulletproof jackets. The high cost of bullet-proof jackets limits the global consumer demand for these jackets. The cost of these vests is higher because new technology is being implemented and materials used to manufacture these vests.
Honeywell Launched Spectra Shield 6166 in January 2020, offering the highest energy adsorption for high-power rifle or high-energy threats for improved energy adsorption in hard body armor. Also, KDH Defense Systems, Inc. (KDH), a leading American-made, high-performance protective solutions manufacturer, announced that in 2020, two separate U.S. Army delivery orders totaling approximately $40.0 million have been awarded for the production of Modular Scalable Vest (MSV) Generation II and Blast Pelvic Protectors (BPPs).
North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and The Middle East and Africa
Also, The Protective Group, a Point-Blank Enterprises, has been awarded by the United States Defense Logistics Agency Troop Support (DLA-TS) a multiannual Indefinite Delivery, Indefinite Quantity (ID / IQ) $209 M body armor contract in 2020. Moreover, a contract has been given to Gold Coast company Craig International Ballistics to provide life-saving body armor to Australian troops in 2020. The company will deliver 750 soft armor inserts to the Australian Defense Force (ADF) under the initial $1 m contract. The armors made in Australia will replace the armor that is currently being used in service. Also, EnGarde, a Netherlands body armor manufacturer, updated its popular Panther Armor product in 2019 to create next-generation non-combatant ballistic protection.
The bulletproof vests market is decentralized, with many companies supplying their respective countries’ local law enforcement agencies or to the military.
Companies such as Honeywell supply raw materials to other bulletproof vest manufacturers, such as KDH Defense Systems Inc., which supply the customers with their own branded vests. The growing number and geopolitical challenges are increasing the frequency of military operations, which require the military to demand bullet-proof jackets. National defense departments of various countries are expected to invest in the procurement of highly effective Wearables, especially in developing countries which having border tension with neighboring countries would be requiring the most highly advanced and adaptable military wearables to be competitively superior to their counterparts as well as ensure the safety of their soldiers.
Questions answered in the bulletproof vests market research report:
• What are the leading market players active in the bulletproof vests market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?
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