Next generation bullet proofing helps keep high-velocity projectiles or bullets from entering a surface. Bullet proof or bullet-resistant materials are generally rigid but may be supple.
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Progressive Markets added a report, "Global Next Generation Bullet Proofing Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025", which says that the market is growing at a considerable CAGR from 2014 to 2025.
They provide effective protection against every kind of bullet.
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Bullet-resistant materials find application in liquid armor, panic room, bullet proof vest, armored fighting vehicle, plastic armor, military vehicle, bulletproof glass, bank vault, bomb suit, armored car, riot shield, and others. Some of the bullet-resistant materials used for next generation bullet proofing include carbon fiber, Lexan, Kevlar, titanium, titanium, and steel.
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Market Drivers and Restraints
The market for next generation bullet proofing is growing significantly in the recent years. The growth is attributed to factors such as the rise in expenditure in defense and growing number of terrorist activities.
On the other hand, the high cost associated with the bullet resistant materials is likely to cause the market to slow down.
Next Generation Bullet Proofing Market Key Segmentation
The next generation bullet proofing industry analysis report encompasses the market segmentation by type, end user, and geography. Based on the type, the market is classified as body armor, bullet proof glass, bullet proof jackets, explosion proof blankets and others.
Based on the end user, the market is divided into defense, aerospace, manufacturing, automotive, construction, and others. Based on geography, the next generation bullet proofing industry report studies the market across North America, Asia-Pacific, Europe, and LAMEA.
The market in the North-American region covers Canada, the U.S., and Mexico. The market in the Asia-Pacific region has been analyzed across China, Japan, Australia, India, and the other parts of Asia-Pacific.
The market in European region has been studied in Germany, UK, Spain, Italy, France, and the other parts of Europe. In the LAMEA region, the market has been studied across Brazil, South Africa, Saudi Arabia, and the rest of LAMEA.
The top players operating in the global next generation bullet proofing market include Saint-Gobain, China Glass Holdings Limited, S.A, Chongqing Dameng Group, China Glass Specialty AG, Armormax, International Armoring Corporation, GKN Aerospace, Nippon Sheet Glass and Asahi Glass Co. Ltd.
Key Benefits of the Report
The report is an in-depth study of the next generation bullet proofing market, encompassing next generation bullet proofing market size, next generation bullet proofing market share, market drivers and restraints, market forecast, next generation bullet proofing market outlook, scope and definitions, research methodology, Porter's Five Forces analysis, and information about market players. The data in the report is a result of an extensive primary and secondary research with inputs from industry experts.
The market dynamics help understand the forces that influence the rise and fall of the market. This helps players, new entrants, and investors plan their businesses well ahead to gain fruitful outcomes.
The Porter's analysis helps understand the competitive structure of the market. It comprises the bargaining power of buyers, bargaining power of suppliers, the threat of substitutes, industry rivalry, and the threat of new entrants.
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The next generation bullet proofing market analysis report also covers the market forecast and estimations from 2017 to 2015 for every segment and region. The next generation bullet proofing market size helps determine who are the potential buyers and sellers of the products in the market.
The historical market size from 2014 to 2016 for each segment and region has also been incorporated in the study. The next generation bullet proofing market share analysis from 2014 to 2025 helps evaluate how well the market is performing.
A deep analysis of all the regions where the market has been studied is provided. It helps in determining the prevailing opportunities in these places.
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