Global Bullet-proof Glass Market: Overview
Bullet-proof glass, also referred to as transparent armor, ballistic glass, or bullet-resistant glass, is an important element of security systems installed at places that are likely to encounter violent assaults such as robberies, or in cash trucks, banks, premium vehicles, display cases, ATM booths, and other applications that call for advanced security features and protection from bullets and small projectiles. Bullet-proof glasses are intended to resist one or more rounds of bullets depending on the thickness of the glass or on the weapon used to fire at them.
Bullet-proof glasses are made from a variety of materials, including thermoplastics, acrylics, polycarbonates, and glass-clad polycarbonates, depending on the level of protection sought for an application. Most bullet-proof glasses are made of layers of one or more types of these materials or the conventional tempered glass. In some cases, bullet-proof glasses may not contain even a miniscule amount of actual “glass” to call it so.
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The global bullet-proof market is projected to expand at a healthy rate over the report’s forecast period. Rising concerns regarding public safety and security and rising applications of these glasses will emerge as the major driving forces.
The report on the global bullet-proof market gives detailed insights about the crucial elements of the market and the factors that are projected to have substantial influence on the development prospects of the market over the period 2016-2024. The report provides a detailed analysis of the present state of market elements and the major drivers, restraints and trends, and the way present situations are expected to impact the market over the report’s forecast period.
Global Bullet-proof Glass Market: Key Trends and Opportunities
The global market for bullet-proof glasses is being driven by rising concerns regarding safety and security of the global population as the world finds itself in the midst of an upheaval owing to the rising terrorist attacks and the rising sophistication of robberies and thefts. The market is also substantially driven by the several government regulations that have been introduced with a view of ensuring maximum safety to financial institutions and reducing risks to human life.
Some of the major applications of bullet-proof glasses are their use in high precedence bank kiosks, ATM booths, premium vehicles, display cases, residential buildings, defense vehicles, and cash trucks. Over the past few years, the market has witnessed a significant rise in demand from sectors such as residential buildings and premium vehicles.
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Some of the most prominent end users of bullet-proof glasses are industries such as financial services, construction, automobiles, and defense.
Global Bullet-proof Glass Market: Region-wise Outlook
From a geographic standpoint, the global bullet-proof glasses market is dominated by North America, followed by Europe. The rising number of armed robberies in North America and the flourishing defense industry of the region can be attributed for the high demand for bullet-proof glasses in the region.
However, the market is also expected to witness significant growth in Asia Pacific and the Rest of the World (RoW) regional sectors over the report’s forecast period owing to the flourishing finance sector in Asia Pacific and rising infrastructure development activities in RoW.
Global Bullet-proof Glass Market: Competitive Outlook
The global bullet-proof glass market is witnessing rising investments in research and development activities aimed at improving existing glasses, raw materials, and manufacturing technologies. Some of the key vendors operating in the market are Asahi Glass co. Ltd, Taiwan Glass Ind. Corp., Saint-Gobain S.A., China Glass Holdings Limited, PPG Industries Inc., Nippon Sheet Glass, Sisecam, China Glass Specialty AG, and Guardian Industries.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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