Latin America Bulletproof Glass Market

Latin America Bulletproof Glass Market Size-(2023-2028)

The Latin America Bulletproof Glass Market size was around USD 0.62 billion in 2022. It is expected to grow at a CAGR of 13.1% to reach USD 1.05 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.

Market Segmentation:

Latin America Bulletproof Glass Market – By End User:

• Military

• Automobiles

• Bankers & Financers

• Constructions

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.

Latin America Bulletproof Glass Market – By Application:

• 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.

Geographical Analysis:

The Latin America Bulletproof Glass market is segmented on the basis of geography into

• Brazil
• Chile
• Argentina
• Mexico
• Colombia
• Others.

Key Players:

Key players in the market includes

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).