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Global Bullet Proof Glass Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Sep 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Bullet Proof Glass Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 10.620000000000001% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 4100.06 Million
Diagram Market Size (Forecast Year) USD 9193.04 Million
Diagram CAGR 10.620000000000001%

Global Bullet Proof Glass Market, By Type (Acrylic, Traditional Laminated Glass, Polycarbonate, Glass-Clad Polycarbonate, Ballistic Insulated Glass, Others), Security Level (VIP Security Level, Standard Security Level), Car Type (Luxury, SUV, Sedan, Truck, Minivan, Convertible, Coupe, Hatchback, Others), Application (Bank Security Glass, Armored Cash Trucks, ATM Booths, Display Cases, Residential Construction, Premium Vehicles, Others),  End-User (Building and Construction, Banking and Finance, Automotive, Military, Others) - Industry Trends and Forecast to 2030.

Bullet Proof Glass Market Analysis and Size

In recent years, the market has seen a considerable increase in demand from industries such as residential structures and premium cars. The global market for bullet-proof glasses is being pushed by growing concerns about the safety and security of the global population, as the world is experiencing upheaval as a result of escalating terrorist attacks and the complexity of robberies and thefts. Therefore, the market is estimated to flourish over the forecasted period.

The bullet proof glass market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses the bullet proof glass market was USD 4,100.06 million in 2022 and is expected to reach USD 9,193.04 million by 2030 at a CAGR of 10.62% in the above-mentioned forecast period.

The segment that dominates the global bulletproof glass market is the automotive segment. This dominance is mainly due to the increasing demand for bulletproof glass in vehicles, driven by concerns about personal safety and security. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Bullet Proof Glass Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021(Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Acrylic, Traditional Laminated Glass, Polycarbonate, Glass-Clad Polycarbonate, Ballistic Insulated Glass, Others), Security Level (VIP Security Level, Standard Security Level), Car Type (Luxury, SUV, Sedan, Truck, Minivan, Convertible, Coupe, Hatchback, Others), Application (Bank Security Glass, Armored Cash Trucks, ATM Booths, Display Cases, Residential Construction, Premium Vehicles, Others),  End-User (Building and Construction, Banking and Finance, Automotive, Military, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

Saint-Gobain (France), PPG Industries, Inc. (U.S.), AGC Inc. (Japan), Schott AG (Germany), Taiwan Glass Industry Corporation (Taiwan), Nippon Sheet Glass Co., Ltd. (Japan), Armortex (U.S.), Total Security Solutions (U.S.), Apogee Enterprises, Inc. (U.S.), Binswanger Glass (U.S.), Centigon (U.S.), Armassglass (Turkey), Stec Armour Glass (Malaysia), Total Security Solution (U.S.), D.W. Price Security (U.K.) and Smartglass International (Ireland)

Market Opportunities

  • Increasing research and development activities
  • Militarization of the law enforcement agencies of different countries.

Market Definition

Bullet-proof glass, also known as transparent armor, ballistic glass, or bullet-resistant glass, is an important component of security systems installed in places where violent assaults, such as robberies, are likely to occur, or in cash trucks, banks, high-end vehicles, display cases, ATM booths, and other applications that require advanced security features and bullet and small projectile protection. Depending on the thickness of the glass or the weapon used to shoot at them, bullet-proof glasses are designed to withstand one or more rounds of bullets.

Bullet Proof Glass Market Dynamics

Drivers

  • Growing Demand for Bullet Proof Glass

The growing number of terrorist attacks across the globe is estimated to carve a way for the growth of the market. Moreover, the expanding global automotive sector, together with rising demand for premium vehicles, is primarily driving the expansion of the bullet-proof security glass market. The growing use of bullet-proof glass in the aerospace and maritime industries, which work in high-pressure environments and require glass that is both shatter-resistant and able to sustain high pressure is also estimated to drive market's value. Furthermore, it may be molded into a complex structure while maintaining the materials' quality and strength.

The rising concerns regarding public safety and security and rising applications of these glasses will further propel the growth rate of bullet proof glass market. In addition, the increasing defense expenditures of emerging economies coupled with high demand from the residential buildings and premium vehicles are projected to bolster the growth of the market.

Opportunity

  • Militarization and Development

Furthermore, the militarization of the law enforcement agencies of different countries extend profitable opportunities to the market players in the forecast period of 2023 to 2030. In addition, the increasing research and development activities for the development of advanced bulletproof glass will further expand the future growth of the bullet proof glass market

Restraints/Challenges

  • High Raw Material Costs

The rising expense of raw materials such as polycarbonates, an industrial plastic used to make bulletproof glass, is putting a damper on product demand. As a result, market expansion is likely to be limited by the rising cost of raw materials used in the production of bullet-proof glass

  • High Investments Required

The high investments required for manufacturing and research and development of bulletproof glass is estimated to prove to be a demerit for the bullet proof glass market. Therefore, this will challenge the bullet proof glass market growth rate

This bullet proof glass market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bullet proof glass market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth

Recent Development

  • In February 2022, According to Massachusetts Institute of Technology, Using a novel polymerization process, MIT chemical engineers have created a new material that is stronger than steel and as light as plastic, and can be easily manufactured in large quantities. The researchers found that the new material’s elastic modulus — a measure of how much force it takes to deform a material — is between four and six times greater than that of traditional  bulletproof glass

Global Bullet Proof Glass Market Scope

The bullet proof glass market is segmented on the basis of country, type, security level, car type, application and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Acrylic
  • Traditional Laminated Glass
  • Polycarbonate
  • Glass-Clad Polycarbonate
  • Ballistic Insulated Glass
  • Others

Security Level

  • VIP Security Level
  • Standard Security Level

Car Type

  • Luxury
  • SUV
  • Sedan
  • Truck
  • Minivan
  • Convertible
  • Coupe
  • Hatchback
  • Others

Application

  • Bank Security Glass
  • Armored Cash Trucks
  • ATM Booths
  • Display Cases
  • Residential Construction
  • Premium Vehicles
  • Others

End-User

  • Building and Construction
  • Banking and Finance
  • Automotive
  • Military
  • Others

Bullet Proof Glass Market Regional Analysis/Insights

The bullet proof glass market is segmented on the basis of type, security level, car type, application and end-user.

The countries covered in the bullet proof glass market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the bullet proof glass market because of the flourishing defense industry and rising number of armed robberies within the region. On the other hand, Asia-Pacific is estimated to show lucrative growth due to the increasing demand for luxury vehicles coupled with the expanding automotive industry across the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Increasing Demand for Fertilizers And Agricultural Products

The bullet proof glass market also provides you with detailed market analysis for every country growth in expenditure for capital equipment, installed base of different kind of products for bullet proof glass market, impact of technology using life line curves and changes in regulatory scenarios and their impact on the bullet proof glass market. The data is available for historic period 2010 to 2020.

Competitive Landscape and Bullet Proof Glass Market Share Analysis

The bullet proof glass market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to bullet proof glass market.

Some of the major players operating in the bullet proof glass market are:

  • Saint-Gobain (France)
  • PPG Industries, Inc. (U.S.)
  • AGC Inc. (Japan)
  • Schott AG (Germany)
  • Taiwan Glass Industry Corporation (Taiwan)
  • Nippon Sheet Glass Co., Ltd. (Japan)
  • Armortex (U.S.)
  • Total Security Solutions (U.S.)
  • Apogee Enterprises, Inc. (U.S.)
  • Binswanger Glass (U.S.)
  • Centigon (U.S.)
  • Armassglass (Turkey)
  • Stec Armour Glass (Malaysia)
  • Total Security Solution (U.S.)
  • D.W. Price Security (U.K.)
  • Smartglass International (Ireland)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The bullet proof glass market size will be worth USD 9,193.04 million by 2030.
The growth rate of the bullet proof glass market is 10.62% in the forecast period by 2030.
The increasing defense expenditures of emerging economies coupled with high demand from the residential buildings and premium vehicles are the growth drivers of the bullet proof glass market.
The Country, type, security level, car type, application and end-user are the factors on which the bullet proof glass market research is based.
The Major companies in the bullet proof glass market are Saint-Gobain (France), PPG Industries, Inc. (U.S.), AGC Inc. (Japan), Schott AG (Germany), Taiwan Glass Industry Corporation (Taiwan), Nippon Sheet Glass Co., Ltd. (Japan), Armortex (U.S.), Total Security Solutions (U.S.), Apogee Enterprises, Inc. (U.S.), Binswanger Glass (U.S.), Centigon (U.S.), Armassglass (Turkey), Stec Armour Glass (Malaysia), Total Security Solution (U.S.), D.W. Price Security (U.K.) and Smartglass International (Ireland)
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