Bulletproof Security Glass Market, By End User (Financial Services, Automotive, Military, Construction, Others), By Application (Bank Security Glass, Armored Cash Trucks, ATM Booths, Display Cases, Residential Construction, Premium Vehicles, Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : Jul 2023

Code : CMI2825

Pages :110

Formats :

Excel and PDF

Industry : Aerospace and Defense

Regional Analysis

Global Bulletproof Security Glass Market - Regional Analysis

Figure 1. Global Bulletproof Security Glass Market Share (%), By Region, 2022

Asia Pacific is estimated to have the dominant share in the Bulletproof Security Glass market due to the increase in construction activities within the developing countries of the APAC region such as India and China. According to csis.org, China announced a US$ 209.16 billion annual defense budget in March 2021, up 6.8% from US$ 183.50 billion in 2020. This means the country’s defense sector has a greater budget for purchase and utilization of Bulletproof Glass for its armored vehicles as well as it trucks and convoys. These vehicles make use of these bulletproof glass items to protect their personnel and inventory from harm and attack.

The growth in North America can be due to the increase in use of gun violence and rise in riots. The construction of tall commercial buildings in the Nam region ensures the steady demand for this product.

The market for Bulletproof Security Glass is increasing in Europe due to rising trend of technologically advanced buildings. The European Union is also taking steps to increase the level of security for its construction and buildings, which shall further drive the market.

In Latin America, the growth for the market is gradual due to building of medical facilities, hotels, commercial offices, police stations, and architectural spaces.

Also, the growing rate of urbanization is leading towards greater use of bullet proof glass across Middle East and African countries as well. External companies are also investing large sums of monies resulting in the growth of the commercial sector.

Geographies covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa