
Bulletproof Vest Market Report and Forecast 2025-2034
Description
The global bulletproof vest market reached a value of about USD 2.21 Billion in 2024. The industry is further expected to grow at a CAGR of about 6.30% in the forecast period of 2025-2034 to reach a value of around USD 4.07 Billion by 2034.
The Asia Pacific to be Among the Significant Regional Markets for Bulletproof Vest
Due to the significant number of active military and law enforcement personnel in countries like China, India, and South Korea, Asia Pacific is expected to be the largest spender on bulletproof ballistic protection items, such as bulletproof vests, over the forecast period. For instance, in May 2021, the Indian Army projected a requirement of 50,000 new bulletproof jackets for its frontline troops. The specifications that were listed by the Army state that the bulletproof vest should be able to protect a soldier against 7.62 mm armour-piercing rifle ammunition and hard steel core bullets fired from 10 metres. The escalating border tensions between various countries in the region and the ageing of existing bulletproof vests are expected to drive the market's growth. Also, there is a surge in defence research and development to develop newer generation bulletproof vests in the Asia Pacific region. The growth in military expenditure in developed and developing countries is significantly contributing to the growth of the bulletproof vest market. It is mainly due to increased military expenditure, which has further propelled the large-scale procurement of bulletproof vests for the armed forces.
Europe is the significant market for the bulletproof vests industry and is expected to remain the same during the forecast period. This is due to government funding programs and advanced jacket manufacturing technology, which are the primary driving factors in the European market. Due to a lack of funding programs and innovative technology, developing regions are predicted to grow slowly over the forecast period.
Military Segment Holds the Largest Market Share
The military segment now holds the largest market share and is likely to maintain this position during the forecast period. This is primarily due to rising military spending, fuelling large-scale procurement of body armour and bulletproof vests for the armed services' dismounted troops. The increased emphasis on research and development of novel and lightweight materials will likely benefit the bulletproof vest industry during the forecast period. However, the increasing number of attacks and the growing violence and threats worldwide are leading to a rise in demand for the protection of soldiers and civilians, which will also contribute to the increasing adoption of bulletproof vests in the military segment.
Bulletproof Vest Market Segmentation
Bulletproof vests, also known as bulletproof jackets, are a type of body armour that protects soldiers from bullets, knives, and bomb explosions by absorbing the force and preventing the attack from penetrating the body. All personnel of the military forces and police officers must have a bulletproof jacket. These vests use multiple layers of strong fibres to bend the bullet and distribute its impact over a larger area of the fabric, mushrooming it into a platter form.
Market Breakup by Material
The growth in military expenditure of developed and developing countries is significantly contributing to the growth of the bulletproof vest industry. The rising focus of defence agencies on enhancing soldier survivability will positively influence the industry's 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, the introduction of modular tactical vests and several military modernisation programs, such as the PONARS Eurasia, are some recent trends promoting the market expansion. The bulletproof vest industry's growth is also fuelled by protecting workers from the frugality of war and booming investments in product research and advancement. As a result, companies and governments are investing in the development of advanced light vests with increased mobility, incorporating advanced technologies such as 3D printing and composite materials, which is expected to create new opportunities for bulletproof vest manufacturers over the forecast period. For example, the DRDO (Defense Research and Development Organisation) in India created a lightweight bulletproof jacket in April 2021 that would weigh roughly 9 kg and meet the quality standards for army personnel. This jacket's weight would be reduced from 10.4 kg to 9 kg due to indigenous technology.
Key Players in the Global Bulletproof Vest Market
The report gives a detailed analysis of the following key players in the global bulletproof vest industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The Asia Pacific to be Among the Significant Regional Markets for Bulletproof Vest
Due to the significant number of active military and law enforcement personnel in countries like China, India, and South Korea, Asia Pacific is expected to be the largest spender on bulletproof ballistic protection items, such as bulletproof vests, over the forecast period. For instance, in May 2021, the Indian Army projected a requirement of 50,000 new bulletproof jackets for its frontline troops. The specifications that were listed by the Army state that the bulletproof vest should be able to protect a soldier against 7.62 mm armour-piercing rifle ammunition and hard steel core bullets fired from 10 metres. The escalating border tensions between various countries in the region and the ageing of existing bulletproof vests are expected to drive the market's growth. Also, there is a surge in defence research and development to develop newer generation bulletproof vests in the Asia Pacific region. The growth in military expenditure in developed and developing countries is significantly contributing to the growth of the bulletproof vest market. It is mainly due to increased military expenditure, which has further propelled the large-scale procurement of bulletproof vests for the armed forces.
Europe is the significant market for the bulletproof vests industry and is expected to remain the same during the forecast period. This is due to government funding programs and advanced jacket manufacturing technology, which are the primary driving factors in the European market. Due to a lack of funding programs and innovative technology, developing regions are predicted to grow slowly over the forecast period.
Military Segment Holds the Largest Market Share
The military segment now holds the largest market share and is likely to maintain this position during the forecast period. This is primarily due to rising military spending, fuelling large-scale procurement of body armour and bulletproof vests for the armed services' dismounted troops. The increased emphasis on research and development of novel and lightweight materials will likely benefit the bulletproof vest industry during the forecast period. However, the increasing number of attacks and the growing violence and threats worldwide are leading to a rise in demand for the protection of soldiers and civilians, which will also contribute to the increasing adoption of bulletproof vests in the military segment.
Bulletproof Vest Market Segmentation
Bulletproof vests, also known as bulletproof jackets, are a type of body armour that protects soldiers from bullets, knives, and bomb explosions by absorbing the force and preventing the attack from penetrating the body. All personnel of the military forces and police officers must have a bulletproof jacket. These vests use multiple layers of strong fibres to bend the bullet and distribute its impact over a larger area of the fabric, mushrooming it into a platter form.
Market Breakup by Material
- Kevlar
- Ultra-High Molecular Weight Polyethylene (UHMWPE)
- Graphene
- Overt
- Covert
- Level I
- Level II
- Level III
- Level IV
- Flexible Ballistic
- Hard Armour Plate
- Military
- Law Enforcement
- Civil
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The growth in military expenditure of developed and developing countries is significantly contributing to the growth of the bulletproof vest industry. The rising focus of defence agencies on enhancing soldier survivability will positively influence the industry's 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, the introduction of modular tactical vests and several military modernisation programs, such as the PONARS Eurasia, are some recent trends promoting the market expansion. The bulletproof vest industry's growth is also fuelled by protecting workers from the frugality of war and booming investments in product research and advancement. As a result, companies and governments are investing in the development of advanced light vests with increased mobility, incorporating advanced technologies such as 3D printing and composite materials, which is expected to create new opportunities for bulletproof vest manufacturers over the forecast period. For example, the DRDO (Defense Research and Development Organisation) in India created a lightweight bulletproof jacket in April 2021 that would weigh roughly 9 kg and meet the quality standards for army personnel. This jacket's weight would be reduced from 10.4 kg to 9 kg due to indigenous technology.
Key Players in the Global Bulletproof Vest Market
The report gives a detailed analysis of the following key players in the global bulletproof vest industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Central Lake Armor Express, Inc.
- BulletSafe Bulletproof Vests
- DuPont de Nemours, Inc.
- EnGarde B.V.
- Honeywell International Inc.
- MARS Armor
- MKU LIMITED
- Point Blank Enterprises, Inc.
- Safariland, LLC
- VestGuard UK Ltd.
- Others
Table of Contents
179 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Bulletproof Vest Market Analysis
- 5.1 Key Industry Highlights
- 5.2 Global Bulletproof Vest Historical Market (2018-2024)
- 5.3 Global Bulletproof Vest Market Forecast (2025-2034)
- 5.4 Global Bulletproof Vest Market by Material
- 5.4.1 Kevlar
- 5.4.1.1 Historical Trend (2018-2024)
- 5.4.1.2 Forecast Trend (2025-2034)
- 5.4.2 Ultra-High Molecular Weight Polyethylene (UHMWPE)
- 5.4.2.1 Historical Trend (2018-2024)
- 5.4.2.2 Forecast Trend (2025-2034)
- 5.4.3 Graphene
- 5.4.3.1 Historical Trend (2018-2024)
- 5.4.3.2 Forecast Trend (2025-2034)
- 5.5 Global Bulletproof Vest Market by Application
- 5.5.1 Overt
- 5.5.1.1 Historical Trend (2018-2024)
- 5.5.1.2 Forecast Trend (2025-2034)
- 5.5.2 Covert
- 5.5.2.1 Historical Trend (2018-2024)
- 5.5.2.2 Forecast Trend (2025-2034)
- 5.6 Global Bulletproof Vest Market by Protection Level
- 5.6.1 Level I
- 5.6.1.1 Historical Trend (2018-2024)
- 5.6.1.2 Forecast Trend (2025-2034)
- 5.6.2 Level II
- 5.6.2.1 Historical Trend (2018-2024)
- 5.6.2.2 Forecast Trend (2025-2034)
- 5.6.3 Level III
- 5.6.3.1 Historical Trend (2018-2024)
- 5.6.3.2 Forecast Trend (2025-2034)
- 5.6.4 Level IV
- 5.6.4.1 Historical Trend (2018-2024)
- 5.6.4.2 Forecast Trend (2025-2034)
- 5.7 Global Bulletproof Vest Market by Product
- 5.7.1 Flexible Ballistic
- 5.7.1.1 Historical Trend (2018-2024)
- 5.7.1.2 Forecast Trend (2025-2034)
- 5.7.2 Hard Armor Plate
- 5.7.2.1 Historical Trend (2018-2024)
- 5.7.2.2 Forecast Trend (2025-2034)
- 5.8 Global Bulletproof Vest Market by End User
- 5.8.1 Military
- 5.8.1.1 Historical Trend (2018-2024)
- 5.8.1.2 Forecast Trend (2025-2034)
- 5.8.2 Law Enforcement
- 5.8.2.1 Historical Trend (2018-2024)
- 5.8.2.2 Forecast Trend (2025-2034)
- 5.8.3 Civil
- 5.8.3.1 Historical Trend (2018-2024)
- 5.8.3.2 Forecast Trend (2025-2034)
- 5.9 Global Bulletproof Vest Market by Region
- 5.9.1 North America
- 5.9.1.1 Historical Trend (2018-2024)
- 5.9.1.2 Forecast Trend (2025-2034)
- 5.9.2 Europe
- 5.9.2.1 Historical Trend (2018-2024)
- 5.9.2.2 Forecast Trend (2025-2034)
- 5.9.3 Asia Pacific
- 5.9.3.1 Historical Trend (2018-2024)
- 5.9.3.2 Forecast Trend (2025-2034)
- 5.9.4 Latin America
- 5.9.4.1 Historical Trend (2018-2024)
- 5.9.4.2 Forecast Trend (2025-2034)
- 5.9.5 Middle East and Africa
- 5.9.5.1 Historical Trend (2018-2024)
- 5.9.5.2 Forecast Trend (2025-2034)
- 6 North America Bulletproof Vest Market Analysis
- 6.1 United States of America
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.2 Canada
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 7 Europe Bulletproof Vest Market Analysis
- 7.1 United Kingdom
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Germany
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 France
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Italy
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Asia Pacific Bulletproof Vest Market Analysis
- 8.1 China
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Japan
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 India
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 ASEAN
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Australia
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Others
- 9 Latin America Bulletproof Vest Market Analysis
- 9.1 Brazil
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Argentina
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Mexico
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Middle East and Africa Bulletproof Vest Market Analysis
- 10.1 Saudi Arabia
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 United Arab Emirates
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Nigeria
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 South Africa
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Value Chain Analysis
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 Central Lake Armor Express, Inc.
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 BulletSafe Bulletproof Vests
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 DuPont de Nemours, Inc.
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 EnGarde B.V.
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 Honeywell International Inc.
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 MARS Armor
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 MKU LIMITED
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 Point Blank Enterprises, Inc.
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 Safariland, LLC
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.10 VestGuard UK Ltd.
- 13.5.10.1 Company Overview
- 13.5.10.2 Product Portfolio
- 13.5.10.3 Demographic Reach and Achievements
- 13.5.10.4 Certifications
- 13.5.11 Others
Pricing
Currency Rates
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