About our Report
The global market size of heat shield was USD 3.14 Billion in 2015 and is estimated to reach USD 4.19 Billion by 2021, at a CAGR of 5.06% between 2016 and 2021. Rise in automotive and aircraft production and rising concern towards safety in their exhaust system are expected to drive the demand of heat shield, globally. The automotive industry dominated the heat shield market during the forecast period, followed by aircraft and defense (firearms) in 2015. Defense (firearms) is expected to be the fastest growing industry of the heat shield market during the forecast period. For more information click on the link below https://www.marketsandmarkets.com/Market-Reports/heat-shield-marke t-12217042.html
The rising military expenses of the country, has resulted in the increase in the consumption of firearms and the use of heat shields in them, globally. The firearm consumption is also increasing due to its rising use for personal safety among the civilians.