DUBLIN--(BUSINESS WIRE)--The "Global Bulletproof Vest Market - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The conventional forms of bulletproof vest are made up of Kevlar, which helps in blocking the incoming bullets; however, in some cases, the material bends inward upon impact from the bullet causing serious injuries, leaving the wearer prone to danger. This led to the development of innovative, non-Newtonian fluid that eliminated this drawback, as it modifies its structure as soon as it detects changes in pressure or temperature.
Europe is the biggest open market for possession of body bulletproof vest 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 such armor. The expenditure of homeland and local security is also estimated to increase rapidly in Europe.
The US' House of Representatives allocated a defense budget of USD 523.5 billion for 2017-2018. The increase in the defense budget of the US, in 2017, is expected to drive the demand for bulletproof vests in the North American region.
North America is estimated to be the largest market and is expected to lead the market, during 2018 - 2023. The US continues to be the largest market for bulletproof vest products and will accelerate at a moderate pace due to the decreasing defense expenditure. Regulations in Asia-Pacific countries are strict regarding the ownership of armor by the civilian population, thus, dictating the civilian bulletproof vest market.
- Wenzhou Start Co. Ltd
- Realdream Electronics
- U.S Armor
- DHB Industries
- Point Blank
- Infidel Body Armor
- Security Pro USA
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Overview And Technology Trends
5. Market Dynamics
6. Global Bulletproof Vest Market, By Protection
7. Global Bulletproof Vest Market, By Geography
8. Competitive Landscape
9. Company Profile
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