MILITARY TACTICAL VEST MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In September 2023, the U.K. Ministry of Defense awarded BAE Systems plc s a British multinational defense, security, and aerospace company headquartered in London, England. an contract worth USD 48.96 million to make the Striker II Digital Helmet-Mounted Display for Typhoon fighter pilots. This new helmet is a fully digital upgrade from the previous Striker model.
• In April 2023, DuPont officially known as E. I. du Pont de Nemours and Company, is an American multinational conglomerate that operates in diverse industries including agriculture, chemicals, materials science, and biotechnology. introduced a new type of Kevlar called Kevlar EXO aramid fiber. It is lighter, more flexible, and more effective as body armor as compared to previous versions, thus, marking a significant advancement in the technology.
• In February 2021, DuPont de Nemours Inc. acquired Core Matrix Technology from Tex Tech Industries Inc. This technology includes a monolith fabric structure that enhances bullet fragmentation and ballistic performance for military personnel, as well as reduces back trauma. This acquisition is expected to expand DuPont's portfolio of life protection products.
• In January 2021, the Ukrainian Defense Ministry developed a ballistic vest that meets NATO standards. These vests are issued as standard equipment for land forces and a lighter version is available for special forces.