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
|
|
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)
SKU-