India bullet resistant glass market is estimated to be valued at US$ 10.81 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the India bullet resistant glass market are Saint-Gobain India Pvt. Ltd., Asahi India Glass Limited, Gujarat Guardian Ltd., Duratuf Glass Industries (P) Ltd., Jeet Jeet Glass and Chemicals Pvt. Ltd., Gold Plus Glass Industry Limited, FG Glass Industries Pvt. Ltd., Chandra Lakshmi Safety Glass Ltd.
The key opportunities in the India Bullet Resistant Glass Market Demand include rising construction of smart cities that will require bulletproof glasses for security applications and increasing defense budget that will propel the demand for bullet resistant glasses in military vehicles and aircrafts.
Technological advancements such as development of glass with anti-spall liners for preventing glass shards from scattering and new nano-technology based glasses with higher ballistic resistance are expected to drive the future of bullet resistant glass market.
Market Drivers
The main driver for the bullet resistant glass market in India is the growing security threats in the form of terrorist attacks and crime activities across various cities. This has boosted the installation of bulletproof glasses in commercial and residential buildings for security purposes. Moreover, rising defense expenditure to modernize the armed forces with bullet proof vehicles and other equipment is also fueling the market growth. Increased spending on infrastructure development as part of smart cities mission is another key factor driving the demand for bullet resistant glasses in India.
Current Challenges in India Bullet Resistant Glass Market
Bullet resistant glasses require high quality raw materials and advanced manufacturing technologies. The major challenges currently being faced by the industry are the unavailability of high grade raw materials within the country and dependence on imports. Other challenges include lack of stringent laws enforcing the use of bullet proof glasses particularly in high risk areas, lack of awareness among end users. There is a need to promotebullet proof glass adoption through regulatory mandates and educating customers on the safety benefits.
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