Bullet proof jackets is a protective garment which protect soldiers from bullets, knives form penetrating into body, and bomb explosion by absorbing the impact. Bullet proof jackets are majorly used by armed forces and law enforcement individuals. Bullet proof jackets Market includes ballistic plates such as metallic or ceramic plates on them for protecting against attacks from riffles-firings or knifes. These jackets are available in two types: hard bullet proof jackets and soft bullet proof jackets.
Increasing security threats is a key factor driving growth of the target market leading to increased government investments and fundings to improve security defense. In addition, technological advancements such as implementation of nanoparticles in body armor is further expected to fuel growth of the global market over the forecast period. However, high cost of bullet proof jacket is a major factor hampering growth of the target market in the near future.
Development in bulletproof materials with the use of nanotechnology is expected to create significant potential revenue opportunities for players. Graphene is observed to possess better properties than steel in absorbing energy of a penetrating projectile to create innovative products in bullet proof jackets market in the near future.
The global bullet proof jacket market report has been segmented on the basis of product type, end user, and region. On the basis of product type, market is segmented into hard vest and soft vest. Soft vest segment is dominating the market and expected to continue its dominance during the forecast period, owing to factors such a flexibility, easy to handle, and light-weight as compared to hard vest. Soft vest is not able to stop high-velocity bullets, and is mostly used by law enforcement individuals and civilians. On the basis of end user segment, market is segmented into defense, law enforcement, and civilians, of which defense segment is accounted highest market share, due to high spending by government on military and defense services
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On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to dominate the global market, owing to increasing security concern, technological advancement, and rising government funding especially in the US. For instance, the US House of Representatives allocated a defense budget of USD 598.5 Bn through the National Defense Authorization Act, in 2016.
Key players operating in the global market include VestGuard UK, Point Blank Enterprises, Inc., Canadian Armour Ltd., Blackhawk, Inc., MKU Limited, EnGarde Body Armor, Armourshield Ltd., BAE Systems, Safariland, LLC., and Sarkar Tactical Inc.