The bulletproof vest market is anticipated to witness high adoption owing to the increasing government initiatives, rising external & internal security threats worldwide, and advanced technologies to produce vests. Exceptional knowledge of ultra-modern weapons and current means of individual ballistic protection are important for protecting the health and life of the officers during anti- and counterterrorist, military, peace supporting, law enforcement, and many other operations.

Bulletproof vests are considered modern light armor which are specifically designed for protecting the vital organs of the wearer from any injury that is likely to be caused by firearm projectiles. In fact, ballistic-resistant body armors are meant for protecting against various types of rifle and handgun ammunition.

Also, earlier bulletproof jackets or vests were made up of Kevlar, but now they are made from polyethylene fibers. The polyethylene fibers are known to be a popular plastic polymer which is generally found in almost everything people use such as plastic trash bins, toys, grocery bags, and among others. These are further woven into layers for forming the guts of a protective vest which is less expensive and much stronger than the earlier used Kevlar.

The bulletproof vest market is further likely to be driven by various ongoing research and development initiatives. Citing an instance, on 18th September 2019, IIT Delhi researchers, reportedly announced that they are in the process of designing new bulletproof and light jackets. In comparison to existing jackets used by defense forces, the use of second generation fiber reinforced plastic in new jackets will make them nearly 30% lighter. The new technology utilized would reduce the weight of the material used in the bulletproof jackets.

Bulletproof vest market is bifurcated in terms of product, protection level, application, end-user, and regional landscape.

In terms of protection level, the overall bulletproof vest market is categorized into level IV, level III, level II, and level I. Among these, the level II segment is projected to grow at a CAGR of around 6% over the forecast timeframe owing to increasing demand from police and law enforcement users. This level is made for stopping 9mm rounds having a velocity of around 398 meters per second and .357 Magnum bullets.

From a regional frame of reference, the LATAM bulletproof vest market currently accounts for over 8% share in the overall market. Rising political protests in the region will increase product demand for safeguarding law enforcement officers.

The Middle East & Africa will grow with the CAGR of around 7% over the forecast timeframe owing to increasing investment in military upgradation. Likewise, instances of terrorist attacks across the region will further drive the demand for bulletproof vest.