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Global Bulletproof Vest Market 2016-2020

Global Bulletproof Vest Market 2016-2020

About Bullet Proof Vest

A bulletproof vest, also known as a bullet-resistant vest or ballistic vest is a type of personal protective equipment. It is used by the military, law enforcement personals, and many times by civilians as a protective cover against bullets and shrapnel from explosions. Soft bulletproof vests weigh less and provide protection against small-caliber handguns. Hard bulletproof vests are used in combat, high-risk tactical missions, and hostage rescue missions.

Technavio’s analysts forecast the global bullet proof vest market to grow at a CAGR of 7.47% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global bullet proof vest market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of bulletproof vests widely used worldwide in various end-user applications.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Bullet Proof Vest Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • VestGuard UK
  • Point Black Body Armor
  • Canarmor
  • Black Hawk
Other prominent vendors
  • Armor 500
  • Armour Wear
  • BulletBlocker
  • EnGarde
  • Imperial Armour
  • PPSS
  • Survival Armor
  • T.G. FAUST
  • US Armor
Market driver
  • Growth in arms and ammunition transfer.
  • For a full, detailed list, view our report
Market challenge
  • Heavy weight of protection equipment.
  • For a full, detailed list, view our report
Market trend
  • Rising demand for bulletproof vests among end-user segments.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Bullet Proof Vest Market 2016-2020

Technavio recognizes the following companies as the key players in the global bullet proof vest market: VestGuard UK, Point Blank Body Armor, Canarmor, and Black Hawk.

Other prominent vendors in the market are: Armor 500, Armour Wear, BulletBlocker, EnGarde, Imperial Armour, PPSS, Survival Armor, T.G. FAUST, and US Armor.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is growing demand for Dyneema. The particular purpose of Dyneema used in the bulletproof vest is to reduce the impact of the bullet in a significant manner. The materials currently used is made from Ultra High Molecular Weight Poly Ethylene (UHMWPE) and aramid fibers. The aramid fibers are developed by upgrading the bulletproof nylon fiber whereas UHMWPE is developed from polyesters. Kevlar is the dominating material that is used in the bulletproof vest, which belongs to the aramid fiber. However, Dyneema belongs to UHMWPE, and has the same formula as that of common polyethylene but is different due to its high molecular weight. Dyneema is expected to dominate the market owing to its strengths when compared to the traditional material, Kevlar.”

According to the report, one of the primary drivers in the market is growth in arms and ammunition transfer. The terrorists are easily acquiring weapons in two major ways. Firstly, through the illegal trade of weapons like mortars, land mines, and rifles. These weapons are being circulated for years as a result of the Soviet Union and the US supporting their allies during the Cold War. These weapons can be easily smuggled across the borders. The second way to acquire the weapons is through the non-state organizational acquisition of weapons from soldiers defeated in battles. For instance, Boko Haram benefits from corrupt sources in the Nigerian military, who provide weapons to the terrorist group. Also, ISIS acquired many man-portable weapons from the battlefields of Iraq and more sophisticated weapons when it overran Iraqi military bases. With the rise in illegal trafficking of weapons, the threat of attacks on the armed forces is rising, which, in turn, raises the need for serious protection of the armed troops. This, in turn, drives the demand for the bulletproof vests worldwide for defense, law enforcements as well as the protection of civilians.

Further, the report states that one major challenge in the market is heavy weight of protection equipment. The increasing terrorist attacks worldwide have raised the demand for bulletproof vests for law enforcement agencies, security personnel, and soldiers. However, with modifications in the materials, the weight of the bulletproof vest rises, thereby limiting the mobility and flexibility of the wearer. The heavy weight of the bulletproof glass combined with the equipment that the wearer carries, such as the ammunition and radio, in turn, reduces the efficiency and mobility of the bulletproof vest wearer. Thus, the need for an effective yet light-weighted bulletproof vest act as a challenge for the manufacturer of the bulletproof vest.



Companies Mentioned

VestGuard UK, Point Blank Body Armor, Canarmor, Black Hawk, Armor 500, Armour Wear, BulletBlocker, EnGarde, Imperial Armour, PPSS, Survival Armor, T.G. FAUST, US Armor.

  • Executive summary
    • Highlights
  • Scope of the report
    • Scope of study
      • Table Global bulletproof vest market size derivation 2015
      • Table Major countries considered for study
    • Vendor segmentation
    • Common currency conversion rates
      • Table Standard conversion rates used in the report
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Fiber properties of traditional materials used in bulletproof vests
      • Table Levels of the bulletproof vest set by NIJ
      • Table Manufacturing process of a bulletproof vest
    • Market size and forecast
      • Table Global bulletproof vest market 2015-2020 ($ millions)
      • Table Global bulletproof vest market in developed and emerging economies in 2015
    • Five forces analysis
      • Table Five forces analysis
    • Global bulletproof vest market product life cycle
      • Table Product life cycle analysis of global bulletproof vest market 2015
  • Market segmentation by end-user
    • Global bulletproof vest market by end-user segment
      • Table Global bulletproof vest market by end-user: Overview
      • Table Global bulletproof vest market segmentation by end-user 2015
    • Global bulletproof vest market by defense industry
      • Table Global bulletproof vest market by defense industry 2015-2020 ($ millions)
    • Global bulletproof vest market by law enforcement agencies
      • Table Appropriated funding for Matching Grant Program for law enforcement vests in US 2010-2015 ($ millions)
      • Table Deaths of law enforcement officers killed while wearing body armor in US 2010-2014
      • Table Global bulletproof vest market by law enforcement agencies 2015-2020 ($ millions)
    • Global bulletproof vest market for civilians
      • Table Number of robberies in US 2014 and 2015
      • Table Global bulletproof vest market by civilians 2015-2020 ($ millions)
      • Table Global bulletproof vest market lucrativeness by end-user category 2020
  • Product segmentation
    • Global bulletproof vest market by product segmentation
      • Table Global bulletproof vest market segmentation by product 2015
      • Table Segmentation of global soft bulletproof vest market 2015
      • Table Segmentation of global hard bulletproof vest market 2015
      • Table Global bulletproof vest market lucrativeness by product type 2020
  • Geographical segmentation
    • Global bulletproof vest market by geography
      • Table Global bulletproof vest market segmentation by geography 2015
    • Bulletproof vest market in North America
      • Table Bulletproof vest market in North America: Overview
      • Table Bulletproof vest market in North America 2015-2020 ($ millions)
      • Table Reason and impact of factors driving market in North America
      • Table Major reasons for rising defense budget
    • Bulletproof vest market in Europe
      • Table Bulletproof vest market in Europe: Overview
      • Table Bulletproof vest market in Europe 2015-2020 ($ millions)
      • Table Growth in defense budget in Europe in 2016 from 2015
      • Table Defense spending by the countries in 2015
    • Bulletproof vest market in APAC
      • Table Bulletproof vest market in APAC: Overview
      • Table Bulletproof vest market in APAC 2015-2020 ($ millions)
      • Table APAC defense budget growth 2015-2020 ($ billions)
    • Bulletproof vest market in ROW
      • Table Bulletproof vest market in ROW: Overview
      • Table Bulletproof vest market in ROW 2015-2020 ($ millions)
      • Table Global bulletproof vest market lucrativeness by geography 2020
  • Market drivers
    • Rise in asymmetric warfare and threats
    • Growth in arms and ammunition transfer
      • Table Export of arms and ammunitions across borders ($ billions)
    • Material innovation
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Technical constraints
      • Table Issues associated with development of bulletproof vests
    • Heavy weight of protection equipment
      • Table Issue with bulletproof vests
    • Legality issues
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Rising investments in R&D
      • Table Rising investment in the global bulletproof vest market
    • Rising demand for bulletproof vests among end-user segments
    • Growing demand for Dyneema
      • Table Merits of Dyneema over Kevlar
    • Growing demand for soft body armor
  • Vendor landscape
    • Competitive scenario
    • Key vendors in the market
      • VestGuard UK
    • Point Black Body Armor
    • Canarmor
    • Black Hawk
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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