DUBLIN--(BUSINESS WIRE)--The "Global Bulletproof Vest Market: Analysis of Impact, Growth, Opportunities and Challenges (2018-2023)" report has been added to Research and Markets' offering.
The bulletproof vest market registered a CAGR of 7.46%, during 2017-2022.
The Factors Driving the Bulletproof Market Include:
- Advancement of material innovation
- Regular up-gradation of bulletproof vest
- Increasing defense budget
- Technological Updates of the Market
With the latest breakthrough in the technology of making bulletproofs vests safer, the vests are being manufactured with composite metal foams that can stop even a disintegrating bullet. This composite metal foam is similar to bubble wrap, however, made of metal.
This technology is a revolution for the bullet proof vest market, as it makes the bulletproof jackets safer and lighter. This new composite foam metal technology can be used for other segments as well, which ranges from car bumpers to medical procedures like knee replacements.
Europe is the most open market for possession of body armor by civilians, as most of the countries allow possession of armor, except the ones made under strict military supervision. After the recent rise in terrorism and violence in Europe, civilians have become more alert, which is accelerating the trend of purchasing of such armor.
The expenditure of homeland security will also increase rapidly in Europe, which is expected to aid the market for bulletproof armor. Moreover, the US House of Representatives allocated a defense budget of USD 598.5 billion through the National Defense Authorization Act, in 2016. The increase in the defense budget of the United States, in 2017, is expected to drive the demand for bulletproof vests in the North American region.
Our Bulletproof Vest Market Report Covers:
- Market trends & dynamics
- Latest News & developments
- Geographical insights
- Porter's five force analysis
Key Topics Covered:
2. Research Methodology
3. Key Findings Of The Study
4. Executive Summary
5. Market Overview And Technology Trends
6. Market Dynamics
7. Global Bulletproof Vest Market, By Protection
8. Global Bulletproof Vest Market, By Geography
9. Competitive Landscape
10. Company Profiles
- Wenzhou Start Co., Ltd.
- Realdream Electronics
- U.S Armor
- DHB Industries
- Point Blank
- Infidel Body Armor
Security Pro USA
For more information about this report visit https://www.researchandmarkets.com/research/w4r8vk/global