—
The global bulletproof vest market analyst says one of latest trends in the market is growing demand for Dyneema. The particular purpose of Dyneema used in the bulletproof vest is to reduce the impact of the bullet in a significant manner. The materials currently used are made from Ultra High Molecular Weight Poly Ethylene (UHMWPE) and aramid fibers. The aramid fibers are developed by upgrading the bulletproof nylon fiber whereas UHMWPE is developed from polyesters. Kevlar is the dominating material that is used in the bulletproof vest, which belongs to the aramid fiber.Complete report on bulletproof vest market spread across 64 pages, analyzing 4 major companies and providing 46 data exhibits are now available at http://www.reportsnreports.com/reports/769760-global-bulletproof-vest-market-2016-2020.html
According to the bulletproof vest market report, one of the primary drivers in the market is growth in arms and ammunition transfer. The terrorists are easily acquiring weapons in two major ways. Firstly, through the illegal trade of weapons like mortars, land mines, and rifles. These weapons are being circulated for years as a result of the Soviet Union and the US supporting their allies during the Cold War. These weapons can be easily smuggled across the borders. The second way to acquire the weapons is through the non-state organizational acquisition of weapons from soldiers defeated in battles. For instance, Boko Haram benefits from corrupt sources in the Nigerian military, who provide weapons to the terrorist group.
The following companies are the key players in the global Bulletproof Vest market: VestGuard UK, Point Blank Body Armor, Canarmor, and Black Hawk. Other prominent vendors in the market are: Armor 500, Armour Wear, BulletBlocker, EnGarde, Imperial Armour, PPSS, Survival Armor, T.G. FAUST, and US Armor. Order a copy of Global Bulletproof Vest Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=769760
The global bulletproof vest market in North America was valued at over $542 million in 2015 and will grow at a CAGR of around 7% by 2020. The rise in the defense budget of the US will increase the demand for bulletproof vests in the North American market. The global bulletproof vest market in Europe was valued at almost $294 million in 2015 and will grow at a CAGR of more than 7% by 2020. The increasing requirement for defense and homeland security will boost the demand of bulletproof vest in the European market.
The global bulletproof vest market in APAC was valued at about $203 million in 2015 and will grow at a CAGR of almost 8% by 2020. The rapid economic development in several APAC countries is making this the fastest growing region in the market. The global bulletproof vest market in ROW was valued at around $90 million in 2015 and will grow at a CAGR of almost 9% by 2020. The rising terrorism rate in the Middle East and cross-border tensions will boost the growth of the bulletproof vest market in this region.
Global Bulletproof Vest Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global Bulletproof Vest market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of bulletproof vests widely used worldwide in various end-user applications.
About Us:
ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.
Contact Info:
Name: Ritesh Tiwari
Email: Send Email
Organization: ReportsnReports
Phone: + 1 888 391 5441
Website: http://www.reportsnreports.com/reports/769760-global-bulletproof-vest-market-2016-2020.html
Release ID: 152336
Google
RSS