Bulletproof Glass Market is Forecasted to Reach US$ 14.97 Billion in 2028, Says Stratview Research

The global bulletproof glass market is projected to witness a growth rate of 13.60% annually from 2023 to 2028, with an anticipated size of US$ 14.97 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global bulletproof glass market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 14.97 billion
Growth (CAGR): 13.60% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 3
Number of Tables & Graphs: 100+

Segment Insights on the Bulletproof Glass Market:

The global Bulletproof Glass market is segmented based on Application type, End-User type, and Region.

Based on application type - The market is bifurcated into ATM booths & teller stations, cash-in-transit vehicles, commercial buildings, defense & VIP vehicles, government & law enforcement, and others. The Defense & VIP vehicles accounted for the highest share of the market in 2022 and are expected to remain the biggest market for bulletproof glass in the forecast period. These glasses are frequently used for vehicles by the military and VIPs to ensure safety in case of an ambush or attack. Moreover, with the increasing terror threats and border disputes, the demand for bulletproof glass is expected to intensify.

Based on end-user type - The market is segmented as fixed automotive, banking & finance, construction, military, and others. The automotive industry accounts for the largest market share in 2022, with the increasing demand for bulletproof glasses as a value-added feature in premium cars. For instance, In June 2022, SVI Engineering completed the bulletproof taming of the Toyota Land Cruiser 300, which provides full protection against assault rifles such as R1, R5, and AK47.

At the same time, the Military industry is expected to experience the highest growth during the forecast period. The high growth is mainly attributed to the rising use of bulletproof glass in combat operations, bomb disposal, military bases, armored personnel carriers, infantry fighting vehicles, and others.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/2903/bulletproof-glass-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

North America dominates the global market with the highest share in 2022 and is likely to maintain its supremacy in the market throughout the forecast period. This is mostly due to the increase in the rate of gun violence and the increase in riots within the region. The escalating inclination toward enhancing the protection of infrastructures from wars and terrorist attacks is creating an enormous opportunity for the North American market.

Furthermore, increasing consumer consciousness for personal safety in automobiles and residential constructions is surging the demand for bulletproof glass in the region. For instance; In June 2022, The Duval County school district and the city of Jacksonville partnered with Armoured One, a company that specializes in security doors and glasses to keep children safe in the classroom and will prevent a shooter from entering a classroom

Concurrently, Asia Pacific is expected to witness the fastest growth in the market during the forecast period. The key factors responsible for the swift growth are increased demand for bulletproof glass by the military and banking & finance and a rise in overall military expenditure (especially in China and India). The increased defense and individual spending on security in countries such as China and India inject huge growth prospectus for the market in the Asia Pacific region.

Bulletproof Glass Market Drivers:
Some of the key drivers listed in the report are given below.
• Liquor stores, governmental structures, military, retail shops, and banks are in huge demand for bulletproof glass.
• Defense and military use bulletproof windows and viewports in aircraft and ground vehicles, armory equipment, carrier trucks, battle tanks, fighting vehicles, and mine detection.
• Additionally, the outstanding security assistance of such glasses was deciphered into municipal and civil spaces.
• The expanding application of such glasses in banks' security creates a growth prospect for the global market.
• Furthermore, the increased requirement for bulletproof glasses in financial institutions due to the high risk of robberies fosters growth in the finance industry. Such glasses are mandatory for the finance industry.

Top Companies in the Bulletproof Glass Market:
Stratview Research has identified the following companies as the top market players.
• Asahi Glass Co., Ltd.,
• China Specialty Glass AG,
• Nippon Sheet Co., Ltd.,
• Saint-Gobain SA.
• American Glass Products
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Bulletproof Glass Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.