Global Military Protection Glasses Market to Witness Flourishing Growth at a 14% CAGR from 2018-2023; Confirms MRFR
The military protection glasses market has been growing persistently mainly due to the militarization of law enforcement agencies in different countries and increasing applications of glasses in the military. With innovation in defense technology, there has been increasing usage of protection glass in the military base, combat operations, and transportation of personnel, mine detection, bomb disposal, and intelligence, surveillance and reconnaissance, battle tanks, infantry fighting vehicles, armored personnel carriers, and tactical tanks.
Defense or military sector defines a country’s strength; hence the governments of countries across the globe are ready to spend generously to upgrade their respective defense armories. Owing to the vital role these military protection glasses play in security and safety of militaries, these are garnering a massive prominence across the defense sectors, worldwide. Resultantly, the global military protection glasses market is growing pervasively at a rapid pace.
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Acknowledging the kind of growth, this market is garnering currently, Market Research Future (MRFR) in its recently published study report asserts that the global military protection glasses market is expected to reach exponential heights by 2023; registering a 14% CAGR throughout the review period (2018 to 2023).
Moreover, challenges that defense industry faces push the pressure further up to improve the productivity of the military protection glasses, responding to complex government regulations. As computers and system become more advanced, the technology required in the development of military protection glasses becomes less expensive.
Furthermore, favorable strategies will help the military protection glasses market to grow at a rapid pace. Additional factors substantiating the market growth include geopolitical instabilities and the upgradation of defense systems, and the growing investments in R&D to develop military protection glasses.
On the other hand, the increasing prices of military protection glasses are expected to restrict the market growth. Nevertheless, the augmenting demand for the product to secure the pilot’s vision against laser-attacks will support the market growth, creating new opportunities in the market during the review period.
- Saint-Gobain Sully (France)
- Honeywell International Inc. (U.S.)
- Morgan Advanced Materials plc. (U.K)
- Teijin Limited (Japan)
- Asahi Glass Co. Ltd. (Japan)
- DuPont (U.S.)
- PPG Industries Inc. (U.S.)
- Schott AG (Germany)
- Koninklijke Ten Cate BV (Netherlands)
- Rheinmetall AG (Germany)
These are some of the fervent leaders driving the global military protection glasses market and are profiled in the MRFR analysis with the strategies that place them at the forefront of competition.
October 29, 2018 – The U.S. Air Force announced its plan to spend approximately 200 MN USD on special glasses and visors to protect pilots’ eyes from dangerous lasers like the ones the Pentagon accuses China of firing into the cockpits of U.S. warplanes. A laser shined into a cockpit can distract and potentially blind a pilot. The new equipment will protect aircrews from “emerging laser threats.
Two companies, Gentex and Teledyne Scientific & Imaging are already in the receipt of USD 98.3 MN deals to deliver the new eye protection through 2024. The new glasses and visors must work with pilots’ current helmets.
Military Protection Glasses Market – Competitive Analysis
The highly competitive military protection glasses market appears fragmented due to the presence of numerous large and small-scale players with their international and global presence forming a competitive landscape. Mergers & acquisitions, innovation, and brand reinforcement remain the key trends of these leading players. Vendors strive to develop low-cost, compact glasses, emphasizing on technological advancements.
Global economic uncertainty is prompting the key players operating in the market to voice interests and concerns about this product in the defense sector. To gain a more competitive advantage in the market, these key players require more consolidation and integration as a whole. As a result, providers of these glasses develop a strong, supporting infrastructure availing on-time aerospace delivery experience and configurable designs.
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Military Protection Glasses Market – Segments
MRFR has segmented the analysis into four key dynamics; for better understanding:-
By Type : Laser Safety, Bulletproof, Fire Resistant, and Ballistic Protection among others.
By Material : Glass Fiber, Sapphire, Quartz, and Polycarbonate among others.
By Platforms : Armored Vehicle, Tank, Soldier-based, Aircraft, and others.
By Regions : North America, Europe, APAC and Rest-of-the-World.
Military Protection Glasses Market – Regional Analysis
The North American region dominates the global military protection glasses market with a significant market share. Substantial technological advancements and their uptake alongside the colossal defense budget drive the market growth in the region. The U.S. backed by the largest customer of protection glasses and an increase in demand in the military applications leads the regional market for the military protection glasses.
The European region is another lucrative market for military protection glasses. Continuous improvement of warfare platforms with newer and advanced technologies is a key driving factor responsible for the growth of the regional market. European countries such as the U.K. and Germany backed by the enormous investments in military protection glasses and related technologies account for the significant growth contributors to the market growth in the region.
The Asia Pacific region is rapidly emerging as a promising market for military protection glasses due to the advancements in the protection glasses related technologies. Simultaneously, increasing expenses on the development and up-gradation of the defense sector, especially in India and China are resulting in creating a large revenue pocket for the region. Besides, the increase in the procurement of armored vehicles in countries such as China, Japan, and India are expected to contribute to the growth of the regional market.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objectives
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
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
List of Tables
Table 1 Military Protection Glasses Market, by Region, 2018–2023
Table 2 North America: Military Protection Glasses Market, by Country, 2018–2023
Table 3 Europe: Military Protection Glasses Market, by Country, 2018–2023
Table 4 Asia-pacific: Military Protection Glasses Market, by Country, 2018–2023
Table 5 Middle East & Africa: Military Protection Glasses Market, by Country, 2018–2023
Table 6 Latin America: Military Protection Glasses Market, by Country, 2018–2023
Table 7 Military Protection Glasses Market, by Type, 2018–2023
Table 8 North America: Military Protection Glasses Market, by Type, 2018–2023
Table 9 Europe: Military Protection Glasses Market, by Type, 2018–2023
Table 10 Asia-pacific: Military Protection Glasses Market, by Type, 2018–2023
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