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Next Generation Bullet Proofing Market

08-17-2018 08:38 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

Bullet proofing helps prevent high velocity projectiles or bullet from penetrating the surface. Bullet resistant materials are often used to protect personnel from death or serious injuries in law enforcement and military field. Bullet resistance is more precise than bullet proof as there are few practical materials which can provide thorough protection against all types of bullets even after several hits at identical location. Bullet-resistant materials also known as ballistic materials can be rigid or supple. They can be complex, such as carbon fiber, Lexan,Kevlar and composite materials, or a basic material, like titanium or steel. Bullet proofing is used in aerospace, liquid armor, armored fighting vehicle, bulletproof vest, military vehicle, panic room, bulletproof glass, plastic armor, bank vault, bomb suit, riot shield, safe, armored car. Presently available bullet proofing lacks coverage from high speed projectiles, cracking of shield materials from bullet strikes and shock proofing.

Defense expenditure around the world has been increasing. This is visible in arms and ammunition market. It is expected government defense agencies will invest in acquiring higher efficient bullet proofing in form of- vest, military vehicle and aerospace. These demands will be directly proportional to the advancements of arms industry and innovations in bulletproofing technology.

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Based on the type, the next generation bullet proofing market is segmented into bullet proof jackets, explosion-proof blankets, body armor, bulletproof glass and others. In 2015, the bulletproof glass segment anticipated to be the major market and anticipated to be the same during the forecast period of 2016 – 2024. The major factor boosting the demand of the bulletproof glass is due to uses in the different end user industries such as automotive industry, financial services industry, construction industry, marine industry and aerospace industry. In addition, bulletproof glass is also used in various places such as armored cash trucks, bank security glass, ATM booths, residential buildings, premium vehicles and display case among others.

Based on the raw material, the next generation bullet proofing market is segmented into kevlar, polycarbonate, polyurethane, ceramic, titanium and thermoplastic among others. In 2015, the titanium segment anticipated to be the major market and anticipated to be the same during the forecast period of 2016 – 2024. The major factor boosting the demand of the market is due to uses in the different product such as explosion-proof blankets, body armor and bulletproof glass among others.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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