North America Bulletproof Security Glass Market Highlights 2020 – 2029
The North America bulletproof security glass market is estimated to garner a large revenue by growing at a notable CAGR over the forecast period, i.e., 2021 – 2029. The growth of the market can be attributed to factors such as rising concerns associated with the security of people and growing usage of bulletproof glasses in the defense sector. In addition to these, increasing military expenditure of the region, especially in the United States is also anticipated to drive market growth. It was evaluated that U.S.A has the largest military spending, amounting to more than $730 billion in the year 2019. Furthermore, technological advancements in developing more effective transparent armors is expected to provide lucrative opportunities for the growth of the market in the near future.
The market is segmented by end user into military, automotive, construction & infrastructure, financial services and healthcare, out of which, the military segment is anticipated to hold the largest share in the North America bulletproof security glass market on account of the high impetration power of armored glass and the extensive use of this material for military installations such as secure vision and exchange windows. Additionally, the automotive segment is also projected to occupy a significant share in the market owing to the high utilization of bullet-resistant glasses in government, embassy, defense, VIP and VVIP vehicles. Along with these, many other customers are also assessed to resort to armored vehicles for protection, which can be credited to the increasing incidences of civil unrest and political violence, which in turn is predicted to fuel the demand for the product during the forecast period.
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North America Bulletproof Security Glass Market Geographical Synopsis
On the basis of geographical analysis, the North America bulletproof security glass market is segmented into two regions, the United States and Canada. The market in U.S.A is estimated to grab the largest share and witness noteworthy growth over the forecast period on the back of strong presence of military and intelligence agencies in the country. United States is also the largest exporter and manufacturer of industrial glass, which in turn is projected to expand the market in this region in the coming years. The flat glass market in the U.S. generates a revenue of more than $20 billion every year. Apart from these, growing number of burglaries and bank robberies in the nation is also predicted to be a crucial growth driver for the American market. Furthermore, the growth of the market in Canada during the forecast period is expected to be majorly dependent on factors such as the expansion of automobile industry, and the growing use of bulletproof security glass in financial and healthcare sectors.
Our in-depth analysis of the North America bulletproof security glass market includes the following segments:
By End User
- Construction & Infrastructure
- Financial Services
- Glass-Clad Polycarbonate
- Growing Concerns Regarding Safety of People
- Rising Technological Advancements in Developing Effective Transparent Armors
- High Installation Cost of Bulletproof Glasses
Top Featured Companies Dominating the Market
- SCHOTT AG
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Corning Incorporated
- Koch Industries, Inc.
- Apogee Enterprises, Inc.
- PPG Industries, Inc.
- Total Security Solutions
- RHI Magnesita GmbH
- Consolidated Glass Holdings
- Compagnie de Saint-Gobain
- Binswanger Enterprises, LLC