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An upsurge in the body armor demand across the world is likely to fuel the global bulletproof vest market expansion in the near future. In recent times, there have been numerous public protests worldwide due to religious, racial, or political differences, which is increasing the demand for safety components. Rising need for protection for the police and numerous law enforcement personnel will majorly increase the use of bulletproof vests.
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KeyInsights Bulletproof Vest Market : • An upsurge in the body armor demand across the world is likely to fuel the global bulletproof vest market expansion in the near future. In recent times, there have been numerous public protests worldwide due to religious, racial, or political differences, which is increasing the demand for safety components. Rising need for protection for the police and numerous law enforcement personnel will majorly increase the use of bulletproof vests. • With regards to the protection segment, the level IV-based bulletproof vests segment is estimated to expand at a healthy CAGR of about 6.7% through the threshold timespan. This growth is ascribed to the fact that the level IV products offer the highest security among all available options. They are known to offer protection against high caliber ammunition like 0.30 mm caliber bullets, thereby increasing their preference in defense operations.
Continued… • In terms of the application segment, the market is bifurcated into overt and covert bulletproof vests. The covert bulletproof vests segment is projected to grow at a substantial CAGR of about 6.5% through the analysis period. • The covert bulletproof vests offer greater comfort when they are worn inside regular clothing. This capability has stimulated its demand among several end users which mainly include businessmen, bureaucrats, and numerous HNWLs (High-Net-Worth-Individuals).
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Major Companies Bulletproof Vest Market : • Armor Corporation • BAE Systems • Safariland • Sarkar Defense Solution • Point Blank Body Armor
Regional Bulletproof Vest Market : • Europe is projected to register a major vehicle tracking device market share by 2025 due to the advancements being made in technology in the automotive sector such as C-V2X and autonomous driving technology. There have been several notable investments made by various government authorities in the region to promote the development of autonomous vehicles. • For instance, in June 2018, the Centre for Connected and Autonomous Vehicles (CCAV), a subdivision of the UK Department for Transport and Department of Business working for the development of connected and driverless vehicles, has reportedly announced almost $29 million loans for advancement, presentation and trials of autonomous and connected vehicle technologies. Such investments have
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