Market Share of Bulletproof Vest Industry
The bulletproof vest market is fragmented, with some local and global players holding significant shares. Some prominent players in the market are Central Lake Armor Express Inc., Dupont De Nemours Inc., Honeywell International Inc., ELMON SA, and U.S. Armor Corporation.
Companies like Honeywell International Inc. and DuPont provide raw materials to bulletproof vest manufacturers, like Central Lake Armor Express Inc., that supply their own branded vests to customers. In addition to global players, a few local players are entering the market with new bulletproof vests for the armed forces, particularly in Asia-Pacific and some countries in the Middle East and Africa, due to their increased focus on indigenous manufacturing.
Furthermore, companies are also investing in the development of new lightweight bulletproof vests with advanced materials, which will provide enhanced protection, increasing their share in the market during the forecast period. For instance, in January 2024, DuPont and Point-Blank Enterprises (PBE) announced an exclusive agreement to offer body armor made with Kevlar EXO aramid fiber for North American State and Local Law Enforcement departments. Kevlar EXO offers body armor with an unprecedented combination of being lightweight and flexible, as well as having aramid fiber protection.
Bulletproof Vest Market Leaders
Central Lake Armor Express, Inc.
U.S. Armor Corporation
Honeywell International Inc.
Dupont De Nemours Inc.
ELMON SA
*Disclaimer: Major Players sorted in no particular order
