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.

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.

Based on the end user industries, the next generation bullet proofing market is segmented into financial services industry, bank vault, bomb suit, riot shield, automotive industry, armored fighting vehicle, construction industry, aerospace industry and marine industry, bulletproof vest, and military vehicle among others. Growth of the next generation bullet proofing market has been increasingly driven by increasing automotive industry globally. In addition, rising automotive industry coupled with growing demand for value-added automobile products from tech-savvy consumers is anticipated to further fuel the demand for next generation bullet proofing in the automotive industry segment. Moreover, the revenue from increasing financial industry is estimated to dominate due to growing development of financial institutions and services in developing countries such as India and Brazil among others due to rising need for capital.

Based on the regions, the next generation bullet proofing market is segmented into North America, Europe, Asia Pacific, South America and Middle East and Africa. North America holds the major market share followed by Europe. This is due to increased consumption of bulletproof glass as a security purpose in the region. However, Middle East and Africa is anticipated to record maximum CAGR during the forecast period of 2016 – 2024.

Key manufacturer of bullet proofing are Saint-Gobain (France), China Glass Holdings Limited, S.A (Hong Kong), China Glass Specialty AG (China), Armormax (USA), Texas armoring, Asahi Glass co. Ltd. (Japan), Nippon Sheet Glass (Japan), GKN Aerospace (UK), International Armoring Corporation (IAC) and Chongqing Dameng Group (China) among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Next Generation Bullet Proofing Market

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