Bullet Proof Vest Market Summary
As per Market Research Future Analysis, the Global Bullet Proof Vest Market was valued at USD 1.49 Billion in 2024 and is projected to grow to USD 2.69 Billion by 2034, with a CAGR of 6.10% from 2025 to 2034. The market is driven by increasing awareness of commercial security, demand for lightweight body armor, and rising military spending. The COVID-19 pandemic temporarily impacted production and sales, but the need for bulletproof vests is rising due to escalating security concerns across various sectors, including retail and healthcare. The U.S. government's increased defense budget further fuels market growth, as does the growing emphasis on workplace safety.
Key Market Trends & Highlights
Key trends driving the Bullet Proof Vest market include rising demand for lightweight body armor and increased military spending.
- Market Size in 2024: USD 1.49 Billion
- Projected Market Size by 2034: USD 2.69 Billion
- CAGR from 2025 to 2034: 6.10%
- North America Market Share in 2022: 45.80%
Market Size & Forecast
2024 Market Size | USD 1.49 Billion |
2034 Market Size | USD 2.69 Billion |
CAGR (2025-2034) | 6.10% |
Major Players
Point Blank Solutions, Inc.; Armor Express; DuPont; U.S. ARMOR CORPORATION; EnGarde; MKU LIMITED; ARGUN s.r.o.; Infidel Body Armor; Seyntex N.V; MARS Armor; VestGuard UK Ltd; BulletSafe Bulletproof Vests; COMPASS INTERNATIONAL CORP. LTD; Canadian Armour Ltd.