Bulletproof Glass Market | Size, Share, Growth

The bulletproof glass industry was worth at USD 3.82 billion in 2020 and is predicted to reach USD 7.71 billion in 2025, with a current CAGR of 13.4 % from 2020 to 2025. Bulletproof glass markets in the North American and European regions are predicted to experience growth in the coming years, due to several factors. The government is taking initiatives to promote the use of bulletproof glass and provide a large investment to the manufacturer of bulletproof glass are the factors in the growth of the market. Typical bulletproof glass consists of several layers of thermoplastics and laminated glass that are put together to form a thick bulletproof glass. When hitting a ball, these glasses can very easily resist the pressure linked to the pressure that the ball creates on the glass. Due to these advanced features, these bulletproof goggles are considered the preferred choice on military bases and other armored vehicles in large numbers. Bulletproof glass, also known as clear armor, ballistic glass, or bulletproof glass, is an important part of security systems installed in places susceptible to violent assaults such as robberies, or in trucks, vehicles. banks, premium vehicles, shop windows, ATM booths and other applications that require advanced security features and protection against bullets and small projectiles. Bulletproof glasses are designed to withstand one or more shots depending on the thickness of the glass or the weapon employed to shoot.

Market drivers and restraints:

The worldwide market for bulletproof glasses is driven by growing concerns about the safety of the world's population as the world finds itself in the midst of turmoil due to the rise in terrorist attacks and the escalating sophistication of theft. and robberies. The market is also heavily influenced by the numerous government regulations that have been introduced with the aim of ensuring maximum security for financial institutions and reducing risks to human life. The growth of this market can be attributed to the escalating demand for bulletproof glass from automotive and military end users. Defense and VIP vehicles were the largest segment of the bulletproof glass market in 2020. Defense vehicles and VIP vehicles segment includes combat vehicles, personnel carriers, premium vehicles, VVIP vehicles, vehicles employed by governments, embassies and others for protection against ballistic or explosive attacks. Some of the armored vehicle products that are commonly employed in the defense industry include main battle tanks, infantry fighting vehicles, armored personnel carriers, and tactical tanks.

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Report segmented as:

By end user:

· Automotive

· Military

· Banking and finance

· Construction

By application:

· Defense & VIP Vehicles

· Cash in Transit Vehicles

· Commercial Buildings

Geographical analysis:

North America is predicted to be the quickest rising industry. The United States is the largest consumer of bulletproof glass. Strong call for bulletproof glass from the automotive, military and building sectors is driving the industry. The market for bulletproof glass is estimated to show moderate growth. The North America region is leading the market and Asia-Pacific is predicted to grow during the foreseen period from 2020 to 2025. North America is predicted to continue to play an influential role in the market during the period. foresight, due to the growing need for a military purpose. Asia-Pacific is predicted to post a higher CAGR than any other region, supported by growing defense budgets.

Important market players:

Companies operating in the global bulletproof glass market include Asahi Glass Co., Ltd. (Japan), China Specialty Glass AG (China), Nippon Sheet Co., Ltd. (Japan), Saint-Gobain S.A. (France), Consolidated Glass Holdings, Inc. (U.S.), Total Security Solutions (U.S.), SCHOTT AG (Germany), D.W. Price Security (U.K.), Smartglass International Ltd. (Ireland), Apogee Enterprises, Inc. (U.S.), and National Glass (South Africa).

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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