PUNE, India, June 23, 2017 /PRNewswire/ --
The report "Bulletproof Glass Market by End User (Automotive,
Military, Banking & Finance, Construction), Application
(Defense & VIP Vehicles, Cash-in-Transit Vehicles, Commercial
Buildings), Security Levels, and Region - Global Forecast to
2022", Published by MarketsandMarkets™, The global market was
valued at USD 3.56 Billion in 2016,
and is projected to reach USD 7.65
Billion by 2022, at a CAGR of 13.6% from 2017 to 2022.
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Browse 119 market data tables and 34 figures spread through
163 pages and in-depth TOC on "Bulletproof Glass Market
- Global Forecast to 2022"
http://www.marketsandmarkets.com/Market-Reports/bulletproof-glass-market-148385355.html
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On the basis of end user, the automotive segment led the
bulletproof glass market. The need for bulletproof glass in
building & construction, automobiles, and military applications
is growing significantly, owing to the increasing incidences of
terrorism across the globe. This, in turn, is fueling the growth of
the bulletproof glass market.
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Automotive is expected to be the largest segment of the
global bulletproof glass market
Based on end user, the bulletproof glass market has been
segmented into automotive, military, construction, banking &
finance and others. The automotive segment led the bulletproof
glass market in 2016 and is projected to continue the same from
2017 to 2022. The use of bulletproof glass is expected to increase
across regions to fulfill the security needs.
Defense & VIP vehicles was the largest segment of the
bulletproof glass market
Based on application, defense & VIP vehicles was the largest
segment of the global bulletproof glass market. The defense &
VIP vehicles segment includes combat vehicles, transportation of
personnel, premier vehicles, VVIP vehicles, vehicles used by
governments, embassies, and others for protection from ballistic or
blast attacks. Some of the common armored vehicles used in the
defense sector include main battle tanks, infantry fighting
vehicles, armored personnel carriers, and tactical tanks. These
users have resorted to bulletproof glass armored vehicles for
protection as a result of the rising incidences of terrorism,
political violence, and civil unrest, globally.
North America was the
largest market for the bulletproof glass market in
2016
North America was the largest
bulletproof glass market in 2016. The countries in North America that have been considered for
this study of the Bulletproof Glass
Market are the U.S., Canada, and Mexico.
The U.S. is the largest consumer of bulletproof glass; it
accounted for the largest share of the North American market, in
terms of volume in 2016. The bulletproof glass industry is heavily
influenced by the availability of raw materials and labor, energy
& environmental compliance, and tax liabilities. The need to
ensure maximum safety of financial institutions and reducing risks
to human life is expected to drive the market.
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Key players operational in the 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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