Military tactical vests provide personal protection to soldiers from ballistic threats and are driven by the need for lightweight and advanced protective equipment. Military tactical vests offer advanced ballistic protection and incorporate state-of-the-art materials and technologies to provide modular, multi-threat protection against bullets, shell splinters and other projectiles. They provide protection to the torso without limiting mobility and function of soldiers on the battlefield.
The global military tactical vest market is estimated to be valued at US$ 4.70 Bn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the military tactical vest market include 3M, Honeywell International, ArmorWorks, Eagle Industries, BAE Systems, DuPont, DSM, Armorsource, MSA Safety, Revision Military, Gentex Corporation, Ansell, MKU Ltd., Avon Protection Systems, Inc., and Ballistic Body Armor Pty. 3M and Honeywell International dominate the market owing to their extensive product portfolio and global presence.
The growing threats from insurgencies and terrorist activities across the world have increased the demand for lightweight, modular and multi-threat tactical vests from military and law enforcement agencies. Manufacturers are focusing on developing vests with advanced ballistic materials that can withstand newer threats while maintaining soldier mobility and comfort.
The Military Tactical Vest Market Demand is witnessing increased globalization with key players expanding their presence in Asia Pacific and Middle East & Africa. This is attributed to increased defense modernization initiatives and rising defense budgets in countries such as India, China, Saudi Arabia and UAE. The demand is also growing from countries engaged in overseas military operations and counterinsurgency missions.
Market Drivers
The primary driver propelling the growth of the military tactical vest market is the ongoing modernization of armed forces across both developed and developing countries. There is increased procurement of advanced protective equipment such as tactical vests for soldiers in countries such as the U.S., China, India and South Korea. This is complemented by growing defense budgets to equip militaries with state-of-the-art gear for protection against evolving threats. Additionally, ongoing wars, insurgencies and security issues have increased the demand for tactical vests from military and law enforcement personnel globally.
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