• Blog
  • Global Bulletproof Glass Market Growth & Trends

    Global Bulletproof Glass Market Growth & Trends

    Global Bulletproof Glass Market Growth & Trends
    Report code - SR2019 Delivery - 2 Weeks
    Bulletproof Glass Market Size, Share, Trends, Forecast, Competitive Analysis, and Growth O See more...

    Market Insights

    The bulletproof glass market is estimated at US$ 6.94 Billion in 2022 and is expected to grow at a CAGR of 13.60% during 2023-2028 to reach US$ 14.97 Billion in 2028.

    Global bulletproof glass market Size

    Wish to get a Free Sample? Register Here.

    What is bulletproof glass?

    Bulletproof glass, as well as ballistic-resistant glass, is made up of transparent materials that can confront damages attributable to bullets. Layers of laminated glass primarily produce bulletproof glasses. Glass is one of the vital components of security systems fitted in places where the threat of fierce attacks is high, such as robberies in banks and cash trucks, ATM booths, display cases, high-end vehicles, and other applications that necessitate advanced security. Reliant on the viscosity of the glass or the armament utilized to shoot, bulletproof glasses are intended to resist one or more rounds of bullets.

    Bulletproof Glass Market Reports Overview

    Market Size in 2028

    USD 14.97 Billion

    Market Size in 2022

    USD 6.94 Billion

    Market Growth (2023-2028)

    CAGR of 13.60%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories:

    By Application Type:

    • ATM Booths & Teller Stations
    • Cash-In-Transit Vehicles
    • Commercial Buildings
    • Defense & VIP Vehicles
    • Government & Law Enforcement
    • Others

    By End User Type:

    • Automotive
    • Banking & Finance
    • Construction
    • Military
    • Others

    By Region:

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific
    • Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

    Bulletproof Glass Market Segmentation

    Want to get more details about the segmentations? Click here.

     

    Segment Analysis

    Application Trends

    The market is bifurcated into ATM booths & teller stations, cash-in-transit vehicles, commercial buildings, defense & VIP vehicles, government & law enforcement, and others. The Defense & VIP vehicles accounted for the highest share of the market in 2022 & are expected to remain the biggest market for bulletproof glass in the forecast period.

    These glasses are frequently used for vehicles by military and VIPs to ensure safety in case of an ambush or attack. Moreover, with the increasing terror threats and border disputes, the demand for bulletproof glass is expected to intensify.

    End-user Trends

    The market is segmented as fixed automotive, banking & finance, construction, military, and others. The automotive industry accounts for the largest market share in 2022, with the increasing demand for bulletproof glasses as a value-added feature in premium cars.

    For instance, In June 2022, SVI Engineering completed the bulletproof taming of the Toyota Land Cruiser 300, which provides full protection against assault rifles such as R1, R5, and AK47.

    At the same time, the Military industry is expected to experience the highest growth during the forecast period. The high growth is mainly attributed to the rising use of bulletproof glass in combat operations, bomb disposal, military bases, armored personnel carriers, infantry fighting vehicles, and others.

    Regional Analysis

    North America dominates the global market with the highest share in 2022 & is likely to maintain its supremacy in the market throughout the forecast period. This is mostly due to the increase in the rate of gun violence and the increase in riots within the region. The escalating inclination toward enhancing the protection of infrastructures from wars and terrorist attacks is creating an enormous opportunity for the North American market.

    Global Bulletproof Glass Market By Region

    Want to know which region offers the best growth opportunities? Register Here.

    Furthermore, increasing consumer consciousness for personal safety in automobiles and residential constructions is surging the demand for bulletproof glass in the region. For instance; In June 2022; The Duval County school district and the city of Jacksonville partnered with Armoured One, a company that specializes in security doors and glasses to keep children safe in the classroom and will prevent a shooter from entering a classroom

    Concurrently, Asia Pacific is expected to witness the fastest growth in the market during the forecast period.  The key factors responsible for the swift growth are increased demand for bulletproof glass by the military and banking & finance and a rise in overall military expenditure (especially in China and India).

    The increased defense and individual spending on security in countries such as China and India inject huge growth prospectus for the market in the Asia Pacific region.

    Key Players

    The following are the major players in the global bulletproof glass market:

    • Asahi Glass Co., Ltd.,
    • China Specialty Glass AG,
    • Nippon Sheet Co., Ltd.,
    • Saint-Gobain SA.
    • American Glass Products

    There is stiff competition in the market. The growth of the companies is directly dependent on industry conditions and government support. These companies differentiate their bulletproof glass offerings based on their quality and penetration in the target and emerging markets. Also, some major mergers and acquisitions in the industry recently have significantly influenced the competitive dynamics.

    For example:

    • In March 2019, Vetrotech Saint-Gobain inaugurated a new "state-of-the-art" combination of TPA (Thermal Plastic Application) and IGU (Insulated Glass Unit) production line in Namys?ów, Poland facility. The facility is dedicated to the manufacturing of Contraflam fire-resistant glass.
    • In 2019, Tesla marketed the Cybertruck featured bulletproof glass in it. the company has used its patented Tesla Armor Glass, a "polymer-layered composite and ultra-strong glass that can captivate and transmit impact force for damage tolerance and improved performance."

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the bulletproof glass market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Options

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Bulletproof glass, as well as ballistic-resistant glass, is made up of transparent materials that can confront damages attributable to bullets. Layers of laminated glass primarily produce bulletproof glasses. Glass is one of the vital components of security systems fitted in places where the threat of fierce attacks is high, such as robberies in banks and cash trucks, ATM booths, display cases, high-end vehicles, and other applications that necessitate advanced security. Reliant on the viscosity of the glass or the armament utilized to shoot, bulletproof glasses are intended to resist one or more rounds of bullets.

    The market is estimated at US$ 6.94 Billion in 2022.

    The market is estimated to reach US$ 14.97 Billion in 2028.

    The increased requirement for bulletproof glasses in the financial institution due to the high risk of robberies fosters the growth in the global market attributed to high growth in the finance industry. Such glasses are mandatory for the finance industry, thus boosting huge growth.

    The market is estimated to grow at a CAGR of 13.60% during 2023-2028.

    The major players in the market are Asahi Glass Co., Ltd., China Specialty Glass AG, Nippon Sheet Co., Ltd., Saint-Gobain SA., American Glass Products.

    North America dominated the market with the highest share in 2022 & is likely to maintain its supremacy in the bulletproof glass market throughout the forecast period.

    •   

      Why are We Class Apart?

      Advanced Materials Offer Next Growth Wave

      We Specialize in Composites & other Materials Market Research

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      Clients Across the Value Chain

      Track the Latest Trends in Advanced Materials

      Know High Growth Opportunities