Published on : Jan 02, 2017
The global bullet proofing market is driven by a strong need to protect personnel in the military field and law enforcement from fatal injuries and death. Bullet proofing is in high demand from the aerospace sector and for the manufacturing of bulletproof vest, bulletproof glass, plastic armor, bomb suits, shield, and armored cars. They are used for armored fighting vehicle and liquid armor. Thus, there is an assured demand for bullet proofing, which is expected to drive the market. Players in the market are also taking extensive efforts to develop newer products. This is also helping the global bullet proofing market to progress.
Growing Investments in Defense Sector to Bode Well for Bulletproofing Market
As the present bullet proofing technology lacks protection from cracking of shield materials from shock proofing, bullet strikes and high speed projectiles, thus there is a scope of improvement. This in turn will emerge as opportunity in the future as players strive to develop technologies that make bullet proofing more efficient. The increasing expenditure in the defense sector on account of terrorist activities, growing crimes and other factors, is boosting the demand for bullet proofing vests, aerospace, and military vehicles. The demand is expected to increase with growing advancements and innovations in the bulletproofing technology.
Bulletproof Glass to Remain In High Demand
On the basis of type, the global bulletproofing market is segmented into bulletproof glass, bulletproof jackets, explosion-proof blankets, and body armor. Of these, the bulletproof glass segment led in the past and is expected to continue to do so in the years to come on account of high use in various end user industries such as construction, aerospace, marine, automotive, and financial services. Moreover, bulletproof glass find applications in bank security glass, premium vehicles, ATM booths, armored cash trucks, and display cases.