Asia Pacific Bulletproof Glass Market - By Security Service Levels, Application, Region - Regional Industry Analysis on Size, Share, Growth, Trends & Forecast Report | 2024 to 2029

Updated On: January, 2024
ID: 7753
Pages: 145

Asia Pacific Bulletproof Glass Market Size (2023-2028)

The size and share of the Asia Pacific Bulletproof Glass Market size were around USD 4.82 billion in 2022. It is expected to grow at a CAGR of 18.02% to reach USD 6.45 billion by 2028.

The progressively growing demand for bullet-resistant glass from the car segment has been one of the principal factors contributing to the development of the marketplace over the last few years. The call for bulletproof automobiles from numerous celebrities and dignitaries is inducing several automobile manufacturers inclusive of BMW, Audi, Ford, Volkswagen, and others to manufacture armoured motors and additionally meet their customization requests. Moreover, the authorities are likewise one of the predominant end-users of armoured vehicles, and this trend is expected to rise during the forecast period.

Asia Pacific Bulletproof Glass Market segmentation:

Asia Pacific Bulletproof Glass Market On the basis of the End User:

The market is separated into Military, Automobile, banker & Financers, and construction. The Military segment is anticipated to experience a higher growth rate in terms of market share because the use of bulletproof glass is expected to grow to meet the increasing security demands.

Asia Pacific Bulletproof Glass Market By Application:

The market is divided into Cash-in-Transit, VVIP, VIP & Defence Vehicles and Corporate Infrastructures. Defence & VIP vehicles are the most important segment of the worldwide bulletproof glass market. This segment consists of combat motors, transportation of personnel, optimum motors, VVIP motors, and motors utilized by governments, embassies, and others for protection from ballistic or blast assaults. Customers have resorted to bulletproof glass armoured vehicles for protection because of the growing incidences of terrorism, political violence, and civil unrest in some parts of the world.

Asia Pacific Bulletproof Glass Market geographical analysis:

In view of the region, the Asia Pacific Bulletproof Glass Market has been fragmented into countries like

  • India
  • China
  • Korea
  • Japan
  • India
  • Australia
  • Others

China and India dominated this regional Bulletproof Glass market in 2018, due to the increasing military budgets and the rise in political tensions across the border. This trend is not expected to change anytime soon.

Asia Pacific Bulletproof Glass Market key players:

Major companies plying their trade in the Asia Pacific Bulletproof Glass Market include

  1. Smartglass International Ltd. (Ireland)
  2. Nippon Sheet Co., Ltd. (Japan)
  3. Asahi Glass Co., Ltd. (Japan)
  4. Consolidated Glass Holdings, Inc. (U.S.)
  5. Total Security Solutions (U.S.)
  6. SCHOTT AG (Germany)
  7. Apogee Enterprises, Inc. (U.S.)
  8. National Glass (South Africa).

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