|
|
(Transportation-News.com, October 10, 2017 )
A bulletproof vest is an important tool for all armed forces and law enforcement personnel. In countries like the Netherlands, and Canada, purchase of bulletproof armor is permissible for civilians as well. As the rate of violence rises, more states will eventually make it legal for civilians to own bulletproof armor, thus, accelerating the market for such products. The armed forces and law enforcement use all types of vests, however, civilians can only buy soft vests that are level III rated; moreover, anything above this rating will require armor plate.
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
Request a brochure to see how Orbis Research’s solutions can help you
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.
Market Insights
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.
Read more details of the report at: http://www.orbisresearch.biz/reports/index/global-bulletproof-vest-market-analysis-of-impact-growth-opportunities-and-challenges-2018-2023
Geographic Analysis
The North America accounted for the largest market share and is expected to lead the market, during 2017-2022 (the forecast period). The United States continues to be the largest market for bulletproof vest products and will accelerate at a moderate pace in the future. Due to the decreasing defense expenditure, the growth rate is expected to be moderate, however, the civilian purchases are anticipated to register healthy growth rates. Regulations in Asia-Pacific countries are strict regarding the ownership of armor by the civilian population, therefore, increase of the civilians market will get dictated by the regulatory framework. However, the homeland security budget is increasing at a rapid pace, especially in countries such as India, where the law enforcement and even the armed forces are heavily under-equipped with armors. The increase in defense and homeland security budget is expected to boost the expenditure on bulletproof vests. Similar to Asia-Pacific, Latin America is anticipated to witness a strong growth rate in the market and, thus, become a major contributor by 2022.
Our Bulletproof Vest Market Report Covers:
Market trends & dynamics
Latest News & developments
Geographical insights
Porter’s five force analysis
Market segmentation
Company profiles
Companies Mentioned:
Elmon
Wenzhou Start Co., Ltd.
Realdream Electronics
Dupont
Honeywell
S Armor
DHB Industries
McGuckian
Point Blank
Armorco
Infidel Body Armor
BulletBlocker
Security Pro USA
Table of Contents:
INTRODUCTION
RESEARCH METHODOLOGY
KEY FINDINGS OF THE STUDY
EXECUTIVE SUMMARY
MARKET OVERVIEW AND TECHNOLOGY TRENDS
MARKET DYNAMICS
GLOBAL BULLETPROOF VEST MARKET, BY PROTECTION
GLOBAL BULLETPROOF VEST MARKET, BY GEOGRAPHY
COMPETITIVE LANDSCAPE
COMPANY PROFILE
DISCLAIMER
Enquire more details of the report at: http://www.orbisresearch.biz/contact/purchase/465001
About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Orbis Research
Hector Costello
+1 (214) 884-6817
sales@orbisresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
|
