Question 1

Which product will emerge lucrative for the market share through 2026?

Accepted Answer

Flexible ballistic vests segment will emerge lucrative for the market with a targeted revenue share of 55% by 2026, owing to the product

Question 2

How will level III bulletproof vests segment fare through 2026?

Accepted Answer

Level III segment will register 6.5% CAGR through 2026, due to the product

Question 3

What factors will push the demand for overt ballistic vests?

Accepted Answer

Rising usage of these vests by the police, security, and military personnel will push the product demand. Overt ballistic vests segment may hold 65% revenue share by 2026.

Question 4

Why will military sector prove lucrative for the bulletproof vests?

Accepted Answer

Bulletproof vest will increase in the military sector due to rising government spending to strengthen military capabilities. Military end use segment held USD 717 million in 2019.

Question 5

Where will bulletproof vest witness high demand?

Accepted Answer

The product will witness massive demand in North America owing to the existence of numerous military modernization programs. North America accounted for 10% revenue share in 2019.

Question 6

How much did the global bulletproof vest market size account for in 2019?

Accepted Answer

The  market size of bulletproof vest was valued over USD 1.45 billion in 2019.

Question 7

How much growth will the bulletproof vest industry share witness during the forecast timeframe?

Accepted Answer

The industry share of bulletproof vest is projected to expand at 6.7% CAGR during 2020 to 2026.

Bulletproof Vest Market Share

Bulletproof Vest Market Share

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