The report further mentions that the global market size was USD 25.46 billion in 2023 is projected to reach USD 29.96 billion by 2027, exhibiting a CAGR of 1.71% during the forecast period from 2023 – 2027. Ammunitions are majorly utilized in rifles, shotguns, and handguns with a wide range of calibers. The rising cases of mass shooting, as well as increasing terrorist activities are further resulting in the need for personal safety. Source :- https://www.fortunebusinessinsights.com/ammunition-market-103481

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The global bulletproof vest market size is expected to reach USD 1,998.1 million by 2027. The increasing terrorist activities, geopolitical tensions, and cross border conflicts around the world can have an excellent impact on the market during the forecast period. The rising military spending will spur opportunities for the market in the forthcoming years. Information Source : https://www.fortunebusinessinsights.com/bulletproof-vest-market-104752