Market Size of Bullet-proof Glass Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Bulletproof Glass Market Analysis
Over the next five years, the market for bullet-proof glasses is expected to grow at a CAGR of over 7%.
The COVID-19 pandemic had a significant influence on the market for bullet-proof glass, owing to worldwide limitations that affected the automobile, building, and construction industries. But since 2021, the industries have grown faster, and the market is likely to keep going in the same direction during the forecast period.
- The demand for bulletproof glass has gone up because countries like the United States, China, Saudi Arabia, and India are spending more on their military and doing more building and development.
- On the contrary, high-end pricing of raw materials and, eventually, final products is expected to stifle market expansion.
- Growing research and development into making transparent armor more effective and efficient acts as an opportunity for the future of the market.
- North America represents the largest market for bulletproof glasses due to huge spending in the defense sector in the region and will continue to dominate during the forecast period.
