Global Bullet Proof Jackets Market: Trends, Growth Drivers, and Forecast Analysis 2022-2030
The global bullet proof jackets market size is expected to reach USD 1.98 billion by 2030 according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 5.7% from 2022 to 2030. Increased security concerns, combined with cross-border conflicts, will drive demand for bulletproof jackets, fostering the strong expansion of the industry. COVID-19 has had a tremendous impact on the production of bullet proof jackets. The demand for bulletproof jackets has increased dramatically in recent years. However, due to lockdown restrictions and the shutdowns of manufacturing facilities, manufacturing businesses’ output of bullet proof jackets remained lower than in prior years. The increase in military spending by established and emerging countries throughout the world is expected to be the key development factor for this market. Furthermore, increased terrorism in various nations such as Asia Pacific and the Middle East is prompting c...