What is Bullet Proof Glass Market Scope?
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.
The Bullet Proof Glass market study is being classified by Type (Acrylic, Traditional Laminated Glass, Polycarbonate, Glass-Clad Polycarbonate, Ballistic Insulated Glass and Others), by Application (Defense & VIP Vehicles, ATM Booths & Teller Stations, Cash-in-Transit Vehicles, Commercial Buildings, Government & Law Enforcement and Others) and major geographies with country level break-up. According to AMA, the Global Bullet Proof Glass market is expected to see growth rate of 16.2%
Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Bullet Proof Glass market throughout the predicted period.
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), D.W. Price Security (United Kingdom), Smartglass International Ltd. (Ireland) and Apogee Enterprises, Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are National Glass (South Africa).
Analyst at AMA have segmented the market study of Global Bullet Proof Glass market by Type, Application and Region.
On the basis of geography, the market of Bullet Proof Glass has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their development strategies
In March 2017, Wingate Partners, the U.S. based investment firm acquired Binswanger Glass, the U.S. based leading producer of glass solutions. With this acquisition, the investments by Wingate Partners will help Binswanger Glass to grow in the existing as well as in the new market.
Influencing Market Trend
- Growing Automotive and Commercial Applications of Bulletproof Glass
- The militarization of the Law Enforcement Agencies of Different Countries
- 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
- Upsurging Defense Expenditures of Emerging Economies
- Increasing Number of Terrorist Attacks Across the Globe
- Rising R&D Activities for the Development of Advanced Bulletproof Glass
- Declining Defense Budgets of Developed Economies
- High Investments Required for Manufacturing and R&D of Bulletproof Glass
Key Target AudienceGovernment Departments and Agencies, Heads of Strategic Departments, Manufacturers of Bulletproof Glass, Government Regulatory Bodies, Private Research Organisation, Government Research Organization and Others
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