PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269744
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269744
Global Bulletproof Glass Market is valued at approximately USD 6.74 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 10.6% over the forecast period 2022-2029. Bulletproof glass, also known as ballistic glass, is a type of strong and durable glass that is designed to resist the impact of bullets and other projectiles. The Bulletproof Glass market is expanding because of factors such as increasing incidence of riots and growing rate of gun violence.
Bulletproof glass is commonly used in high-security locations such as banks, embassies, government buildings, and other sensitive locations where there is a risk of armed attack. Its prevalence has progressively increased during the last few decades. According to Statista, over 9,000 riot cases due to land and property disputes were reported across India in 2021. In addition, over 4000 rivalry or animosity riot cases and over 3000 family dispute cases were reported in the country. Furthermore, the Indian state of Haryana had about eight riot cases per 100,000 inhabitants in 2021. This was followed by the coastal state of Maharashtra, with seven cases per 100 thousand inhabitants in the state. Another important component driving space increase is the rate of gun violence. According to the Centers for Disease Control and Prevention, In 2020, 54% of all gun-related deaths in the U.S. were suicides, while 43% were murdered. The remaining gun deaths that year were unintentional, involved law enforcement or had undetermined circumstances. In addition, in 2020, as per The National Crime Records Bureau, 44789 firearm cases have been registered in India. Also, rising consumer awareness for personal safety and increasing the development of safety features in automobiles would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Bulletproof Glass stifles market growth throughout the forecast period of 2022-2029.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable