Bullet Proof Jacket Market: Increasing Incidences of Terrorist Attacks Fueling Demand, observes TMR

The global bullet proof jacket market is driven by increasing security threats, both internal and external, reports Transparency Market Research (TMR) in a new study.  The report, titled “Bullet Proof Jacket Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024,” also states that the implementation of newer technologies in bullet proof jackets is an important opportunity for existing as well as new entrants in the market.

Bullet proof jackets help protect soldiers from bullets and knives as well as bomb explosions by absorbing the impact and obstructing the attack from penetrating the body. These vests comprise different layers of strong fibers that deform the bullet, spreading its force over a wider portion of the fiber, thereby mushrooming the bullet into a dish shape.

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The report finds that internal threats such as poverty, political violence, and economic sabotage as well as external threats such as terrorist attacks and smuggling are fueling the demand for bullet proof jackets across the globe. Rising consciousness for personal safety and security in commercial sectors such as retail, healthcare, and transport are the other favorable factors in this market. Rising security threats is another factor due to which several governments across the globe are increasing their defense budget so as to enhance their security defense.

Conversely, the report observes that the high cost of bullet proof vests is the most prominent factor restraining the global market. This high cost is attributed to the implementation of newer technologies and the improved quality of materials used for its manufacturing. Moreover, a stern regulatory framework and strict quality control policies are setting back the growth of the bullet proof jacket market. There are many manufacturers whose vests have been rejected due to poor quality.

The report classifies the global bullet proof jackets market into segments based on protection type, which includes softvest and armor plated. The softvest segment is further divided based on levels into Level I, Level II A, Level II, and Level IIIA. The armor plated segment is sub-divided based on level into Level III and Level IV. Geographically, the report classifies the global market for bullet proof jackets into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

Some of the prominent players in the global bullet proof jacket market are Honeywell International, Inc., E.L Dupont DE Nemours & Co., and U.S. Armor Corporation. Some of the other players are Wenzhou Start Co Ltd, MKU Limited, EnGarde, Infidel Body Armor, Point Blank Enterprises, Inc., MARS Armor, Vestguard UK, Armourshield Ltd, BulletSafe, and Compass International Corp. Ltd.

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