According to the research report titled ‘Bulletproof Vest Market Size By Product, By Protection Level, By Application, By End-User, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report, global bulletproof vest market is anticipated to grow substantially during 2020-2026.
 

Industry experts claim that favorable government initiatives along with growing concerns regarding internal & external security threats are augmenting the growth of global bulletproof vest market size.
 

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For the record, bulletproof vests are modern and lightweight personal armor that help absorb the impact of firearm projectiles in order to protect vital organs from injuries. They are used during several operations including law enforcement, peace supporting, military, and anti as well as counterterrorist activities.
 

Technological advancement have impelled the demand for bulletproof vests. Furthermore, the adoption of polyethylene fibers in the manufacture of the vests have enhanced the strength and affordability as compared to the obsolete Kevlar vests. Thus, increasing efforts towards the research and development of the product are stimulating the global bulletproof vest market outlook.
 

Based on product landscape, the market is fragmented into armor plate/hard ballistic and flexible ballistic.
 

With regards to protection level, global bulletproof vest industry from the level II segment is estimated to register a CAGR of 6% over 2020-2026, primarily due to escalating product demand from police and the law enforcement sector.
 

Moving on to the regional analysis, the report states that Latin America holds 8% of global bulletproof vest market share and is expected to show similar growth during the analysis timeframe. Increasing frequency of political protests are favoring the expansion of the regional market.
 

Alternatively, Middle East & Africa bulletproof vest market is projected to exhibit a robust CAGR of 7% through 2026. Increasing number of terror attacks coupled with rising investments towards military upgradation are emerging as lucrative opportunities for the industry remuneration.
 

Key players that define the global bulletproof vest market trends are C.P.E. Production Oy, Honeywell International Inc., Sioen Industries N.V., DuPont de Nemours, Inc., Central Lake Armor Express, Inc., VestGuard UK Ltd., Point Blank Enterprises, Inc. (PBE), Sarkar Defence Solutions Ltd., Safariland, LLC, BAE Systems plc, U.S. Armor Corporation, Survival Armor, Inc., PPSS Group, Imperial Armour (Pty) Ltd., and EnGarde.