Market Synopsis:
Increasing investments in the defense sector for the protection of soldiers and equipping them with modern armors is likely to generate demand for protection glasses over the next couple of years.
Increasing cases of civil unrest in the middle eastern and Asian countries are expected to boost the growth rate of the market over the next couple of years. Case to the point is, the recent riots that broke out in Hongkong against the extradition bill has had the military forces attack the people with rubber pellets and tear gas. These types of protests are being observed in India, Syria, etc. It has motivated the governments to invest in protective gears for the armies, which is likely to support expansion of the military protection glasses market in the years to come.
Competitive Dashboard:
Honeywell International Inc. (U.S.), Morgan Advanced Materials plc. (U.K), Saint-Gobain Sully (France), Asahi Glass Co. Ltd. (Japan), DuPont (U.S.), Teijin Limited (Japan), Schott AG (Germany), Rheinmetall AG (Germany), PPG Industries Inc. (U.S.), and Koninklijke Ten Cate BV (Netherlands) are few of the major players of the global military protection glasses market analyzed in this report. A detailed share analysis has been covered in this report highlighting the latest developments such as mergers & acquisitions, product launches, technological innovations, agreements, collaborations, and partnerships, among others.
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The responsibilities of law enforcement officers have increased in recent years. With the increasing militancy, investments in their armors are also likely to increase in the forthcoming years. This, in turn, is forecasted to catapult the military protection glasses market on upward trajectory.
Market Segmentation:
The segments of the global military protection glasses market, on the basis of type, are bulletproof, laser safety, ballistic protection, fire resistant, and others. Among these, the ballistic protection is anticipated to exhibit a comparatively higher CAGR over the forecast period. However, the expensiveness of the product remains an impediment to the growth of the segment.
The global military protection glasses market, on the basis of material, has been segmented into quartz, sapphire, polycarbonate, glass fiber, and others. The polycarbonate segment is projected to expand at the highest CAGR across the forecast period. The key advantages offered by the product such as UV resistance, heat resistance, insulation, and protection from shattering are expected to drive the expansion of the segment over the next few years.
On the basis of platform, the military protection glasses market has been segmented into armored vehicle, tank, aircraft, soldier based, and others. Among these, the armored vehicle segment is prognosticated to register the highest CAGR through the forecast period. Factors such as modernization of military & law enforcement forces, increasing military expenditures, etc. are expected to lead the growth pace of the segment in the years to come.
Regional Analysis:
The regional assessment of the global military protection glasses market spans across five prime segments – North America, the Middle East & Africa (MEA), Asia Pacific (APAC), Latin America, and Europe. North America is the most prominent regional segment of the global market and is likely to exhibit considerable growth over the next couple of years. The U.S. has been assessed to lead the growth of the regional segment in the nearby future. Increasing applications of protection glasses in military armor are poised to drive market growth in the region. Asia Pacific is also anticipated to witness remarkable growth over the projection period. Increasing procurement of armored vehicles by China, Japan, and India are anticipated to favor the expansion of the military protection glasses market in the region.
Table of Contents:
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Definition
2.2.2 Research Objectives
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/Supply Chain Analysis. . .
Continued
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