The latest research study “Bulletproof Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023- 2028” by IMARC Group, finds that the global bulletproof glass market size reached US$ 6.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.6% during 2023-2028.
Bulletproof glass, also called ballistic glass or bullet-resistant glass (BR glass), represents a transparent and strong material that resists penetration by bullets and projectiles.
It is produced by using polycarbonate, acrylic, or glass-clad polycarbonate, that are capable of resistance to any damage. In line with this, bulletproof glass is installed in places where violent assaults are likely to occur, including ATM booths, banks, cash trucks, banks, and high-end vehicles that require advanced security features.
Consequently, it finds wide-ranging applications across several industries, such as military, automotive, construction, banking, financial services, and insurance (BFSI), etc.
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Bulletproof Glass Market Trends and Drivers:
The rising consumer security concerns are primarily augmenting the bulletproof glass market. Furthermore, the increasing threat of terrorist attacks and the growing incidents of theft and robbery are positively influencing the global market. Apart from this, the widespread adoption of bulletproof glass across aerospace and marine sectors, as it offers excellent shatter resistance and can further withstand high pressure, is acting as another significant growth-inducing factor. Moreover, the escalating demand for bulletproof security glass in premium vehicles is bolstering the market growth.
Besides this, the introduction of advanced bulletproof glass made by using additional layers of tempered glass and polycarbonate plastic that is resilient and flexible is also catalyzing the global market. Additionally, the implementation of stringent regulations by government bodies to mandate the use of this material for law and political enforcement protection and the inflating levels of disposable income are expected to fuel the bulletproof glass market in the coming years.
|Bulletproof Glass Market Report Scope|
|Market size value in 2021|
|Market forecast in 2028|
|Growth Rate||CAGR of from 2023- 2028|
|Base year for estimation||2022|
|Forecast period||2023- 2028|
Bulletproof Glass Market 2023- 2028 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Who are the key players in the Bulletproof Glass Market?
- Ada Cam Sanayi ve Ticaret Ltd.
- American Glass Products Company
- Armortex Inc.
- Asahi India Glass Limited
- Centigon Security Group
- Compagnie de Saint-Gobain S.A.
- CSG Holding Limited
- ESG Group Limited
- Guardian Industries LLC (Koch Industries Inc.)
- Schott AG
- Stec Armour Glass (M) Sdn Bhd
- Taiwan Glass Industry Corporation
- Total Security Solution
The report has segmented the market on the basis of
- Traditional Laminated Glass
- Glass-Clad Polycarbonate
- Ballistic?Insulated Glass
The report has provided a detailed breakup and analysis of the bulletproof glass market based on the type. This includes acrylic, traditional laminated glass, polycarbonate, glass-clad polycarbonate, ballistic?insulated glass, and others. According to the report, acrylic represented the largest segment.
End Use Insights:
- Banking and Finance
- Building and Construction
A detailed breakup and analysis of the bulletproof glass market based on the end use has also been provided in the report. This includes automotive, military, banking and finance, building and construction and others. According to the report, military accounted for the largest market share.
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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