Industry Background:
The global market for bullet-proof glasses is being driven by rising concerns regarding the safety and security of the global population as the world finds itself in the midst of an upheaval owing to the rising terrorist attacks and the rising sophistication of robberies and thefts. Bullet-proof glass, also referred to as transparent armor, ballistic glass, or bullet-resistant glass, is an important element of security systems installed at places that are likely to encounter violent assaults such as robberies, or in cash trucks, banks, premium vehicles, display cases, ATM booths, and other applications that call for advanced security features and protection from bullets and small projectiles.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Asahi Glass Co., Ltd. (Japan), China Specialty Glass AG (China), Nippon Sheet Co., Ltd. (Japan), Saint-Gobain S.A. (France), Consolidated Glass Holdings, Inc. (United States), Total Security Solutions (United States), SCHOTT AG (Germany) and D.W. Price Security (United Kingdom) |
According to AMA, the market for Bullet Proof Glass is expected to register a CAGR of 16.2% during the forecast period to 2028. This growth is primarily driven by High demand due to several government regulations that have been introduced with a view of ensuring maximum safety to financial institutions and reducing risks to human life.
Globally, a noticeable market trend is evident Growing Automotive and Commercial Applications of Bulletproof Glass
The Consumer Goods sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Asahi Glass Co., Ltd. (Japan), China Specialty Glass AG (China), Nippon Sheet Co., Ltd. (Japan), Saint-Gobain S.A. (France), Consolidated Glass Holdings, Inc. (United States), Total Security Solutions (United States), SCHOTT AG (Germany) and D.W. Price Security (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August , 2022, NSG Group is has announced its intention to invest in additional TCO (transparent conductive oxide) coated glass production capacity in Malaysia. According to the plan, a float line at Malaysian Sheet Glass SDN BHD's Johor Bahru facility, which is a member of the NSG Group.
In October , 2021, The Board of Directors of Asahi Glass Ltd. have approved a feasibility study for expansion opportunities over the next 3-4 years. Asahi India Glass Ltd (AIS) is India's leading glass and windows solutions organization and a predominant player both in the automotive and the construction sectors.
Influencing Trend:
Growing Automotive and Commercial Applications of Bulletproof Glass and The militarization of the Law Enforcement Agencies of Different Countries
Market Growth Drivers:
High demand due to several government regulations that have been introduced with a view of ensuring maximum safety to financial institutions and reducing risks to human life
Challenges:
High Investments Required for Manufacturing and R&D of Bulletproof Glass.
Restraints:
Declining Defense Budgets of Developed Economies
Opportunities:
Upsurging Defense Expenditures of Emerging Economies, Increasing Number of Terrorist Attacks Across the Globe and Rising R&D Activities for the Development of Advanced Bulletproof Glass
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Bullet Proof Glass Market
- Analysis about New Entrants in Bullet Proof Glass Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Bullet Proof Glass Study Sheds Light on
The Bullet Proof Glass Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Bullet Proof Glass industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bullet Proof Glass industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.