Bulletproof Vest Market Size By Product (Flexible Ballistic, Hard Ballistic/ Armor Plate), By Protection Level (I,II,III,IV), By Application (Covert, Overt), By End-User (Military, Law Enforcement, Civil), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Aug 2020  |  Report ID: GMI4797  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 205   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Bulletproof Vest Market size was USD 1.45 billion in 2019 and will grow at a CAGR of 6.7% between 2020 to 2026. The rising focus of defense agencies on enhancing soldier survivability will positively influence the industry growth.

Technological advancements with the usage of para aramid textile, titanium plating, and other nanotechnology materials to manufacture vests will surge product penetration in the defence industry. Further, introduction of modular tactical vests and several military modernization programs, such as the PONARS Eurasia are among some recent trends promoting the market expansion.

Bulletproof Vest Market

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Increasing territorial claims and cross border tension across the globe are surging the demand for ballistic protection equipment. Both developed and emerging economies have subsequently increased their expenditure on defense modernization with shifting focus toward advanced military equipment. In 2020, the Chinese People's Liberation Army (PLA) declared its plan to procure around 1.4 million units of superior quality body armors over the next two years. Protecting workforce from frugalities of war and thriving investments in product innovation and advancement are the other key factors boosting the bulletproof vest market growth.

Bulletproof Vest Market Report Coverage
Report Coverage Details
Base Year:2019Historical Data for:2016 to 2019
Market Size in 2019:1.44 Billion (USD)Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:6.7%No. of Pages:205
2026 Value Projection:2.30 Billion (USD) Tables, Charts & Figures:290
Geographies covered (20):U.S., Canada, France, Germany, Russia, UK, Italy, Netherlands, Spain, China, India, Japan, Australia, Indonesia, South Korea, Brazil, Mexico, Saudi Arabia, South Africa, Kuwait
Segments covered:Product, Protection level, Application, End-user and Region
Growth Drivers:
  • Escalating territorial disputes
  • Increasing military modernization programs
Pitfalls & Challenges:
  • High upfront and maintenance cost

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Superior performance capabilities will drive flexible ballistic vests demand

Flexible ballistic vests segment will account for over 55% market share by 2026 owing to the lightweight feature of these variants. Flexible ballistic vests are made of one or multiple ballistic materials that include p-aramid, m-aramids, ceramic materials, and other fibers. These fibers make them an ideal choice for professions, where comfortable and flexible movements are given prime importance.

These include law enforcement officers, bureaucrats, private security personals, businessmen, and several High Networth individuals (HNI) as the key users of flexible ballistic vest in the industry.

Diverse end-user applications to surge Level III vest adoption

Level III based bulletproof vest market is likely to witness more than 6.5% growth rate through 2026 as it provides protection against 9-mm handguns, .357 SIG flash pistol, 44 magnums, and 7.62 mm Nato rifle and is lightweight in nature. Growth in the segment can also be attributed to increasing demand from military and law enforcement users. Manufacturers should focus on product innovations and advancements to offer the highest level of protection against several caliber bullets, which are prevalent among various end-use sectors.

Overt bulletproof vest to dominate application segment

Overt ballistic vests segment is expected to hold 65% market revenue share by 2026 due to their growing usage by military, police as well as security personnel. These vests are worn over the clothing and can also be used as carriers for armor plates when required. Overt bulletproof vests are often heavier and larger as they are engineered using various layers of Kevlar.

These vests are mainly available with protection levels III and IV under National Institute of Justice; and levels 5, 6 and 6a under GOST; thus, their ability to offer a higher level of protection from heavy gunfire and large spikes/blades will increase the market demand.

Military segment to bank upon increasing defense spending

Bulletproof Vest Market By End User

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Bulletproof vest demand from military end use generated around USD 717 Million in 2019 impelled by increasing government spending to strengthen military capability. Several defense organizations in countries, such as the U.S., France, and Russia, are laying high emphasis on enhancing personal protection through advanced armor and focusing on upgrading their conventional protective equipment with modernized bulletproof vest.

Further, the demand in the civilian segment is likely to grow significantly owing to increasing burglaries, robberies, and home invasions.

Military modernization programs to drive growth across the North American market

Bulletproof Vest Market Regional Insights

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North America bulletproof vest market accounted for 10% share in 2019 and is estimated to grow at a significant rate from 2020 to 2026. Several military modernization programs will drive the regional market growth trends. The programs mainly include the Soldier Protection System -Torso & Extremity Protection (SPS-TEP) program that supports the use of full body armors for soldiers. In addition to these initiatives, higher military spending across the U.S. and Canada will further surge the market penetration.

Defunding police as well as lockdown protest due to black lives movement and coronavirus pandemic has significantly increased product demand to safeguard police and other law enforcement officers across several states in the U.S.

Contract inflow from defense agencies to fuel market competition

The bulletproof vest manufacturers are undergoing technology advancements to improve product differentiation to obtain several contracts from defense organizations and strengthen their industry foothold. For instance, in May 2020, Craig International Ballistics obtained a contract to supply bulletproof vest for Australian troops. The initial contract of USD 1 million includes the delivery 750 soft armor inserts to the Australian Defense Force (ADF).

The key bulletproof vest market participants include EnGarde, Imperial Armour, PPSS, Survival Armor, U.S. Armor Corporation, BAE Systems, Safariland, Sarkar Defense Solution, Point Blank Body Armor, VestGuard UK, Armor Express, DuPont, Sioen, Honeywell International, and C.P.E. Production.

This market research report on bulletproof vest includes in-depth coverage of the industry with estimates & forecast in terms of volume in Units and revenue in USD Million from 2016 to 2026, for the following segments:

Market, By Product

  • Flexible ballistic
  • Hard ballistic/ Armor plate

Market, By Protection level

  • Level I
  • Level II
  • Level III
  • Level IV

Market, By Application

  • Covert
  • Overt

Market, By end-user

  • Military
  • Law enforcement
  • Civil

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Kuwait


Frequently Asked Questions (FAQ) :

The market size of bulletproof vest was valued over USD 1.45 billion in 2019.
The industry share of bulletproof vest is projected to expand at 6.7% CAGR during 2020 to 2026.
The product will witness massive demand in North America owing to the existence of numerous military modernization programs. North America accounted for 10% revenue share in 2019.
Bulletproof vest will increase in the military sector due to rising government spending to strengthen military capabilities. Military end use segment held USD 717 million in 2019.
Rising usage of these vests by the police, security, and military personnel will push the product demand. Overt ballistic vests segment may hold 65% revenue share by 2026.
Level III segment will register 6.5% CAGR through 2026, due to the product’s capability to deliver capability protection against .357 SIG flash pistol, 9-mm handguns, 7.62 mm Nato rifle, and 44 magnums.
Flexible ballistic vests segment will emerge lucrative for the market with a targeted revenue share of 55% by 2026, owing to the product’s lightweight nature and the fact that they are most suitable for professions that require flexible movements.

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Premium Report Details

  • Published Date: Aug 2020
  • Pages: 205
  • Tables: 267
  • Charts / Figures: 23
  • Companies covered: 15
  • Countries covered: 20

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