Global Bulletproof Glass Market - 2023-2030

Market Overview

The Global Bulletproof Glass Market reached US$ 15.3 billion in 2022 and is expected to reach US$ 45.0 billion by 2030, growing with a CAGR of 16.9% during the forecast period 2023-2030.

Although the bulletproof glass market experienced a decline in 2020, owing to COVID-19 impact, global demand recovered by the end of 2021. The collapse in demand from the end-use industries caused a severe disruption in the global bulletproof glass market trends. Further, the research and development of new technologies and the introduction and field testing of new products were delayed. However, the rise in global military expenditure and rising global security challenges are offer some major market opportunities for bulletproof glass market.

North America is emerging as one of the expanding regions in the global bulletproof glass market, accounting for almost 30% of the market share. The respective region has experienced a notable rise in market opportunities and active involvement in the bulletproof glass sector, primarily attributed to the growth in disposable income and an escalation in violent incidents.

Moreover, the military and defense segment takes the lead in the global bulletproof glass market, commanding nearly 30% of the market share. In summary, the market exhibits promising prospects for manufacturers and suppliers, driven by the escalating levels of violence and a heightened emphasis on safety.

Market Dynamics

The Usage of New Materials and Manufacturing Methods

The increasing use of new and innovative materials in various industry verticals has opened up new opportunities in the bulletproof glass market. Bulletproof glasses can be made more lightweight and flexible, with new technologies and materials. The respective fact increasing its applications without sacrificing the protection offered. As such innovations in materials technology could increase the adoption of the bullet proof glasses, the usage of new materials play significant role in boosting the bulletproof glasses market.

Similarly, new emerging manufacturing methods can be leveraged to reduce manufacturing time and increase output. For instance, additive manufacturing and 3D printing are just techniques that can be used for bulletproof glass production. Since, such technologies could boost the speed of production and reduces the delivery time, manufactures will be capable of producing more products within the previously allocated timeline. As such innovations in manufacturing technology could increase the production of bulletproof glasses, the invention of new manufacturing methods play significant role in boosting the bulletproof glasses market.

Rising Global Crime and Insecurity

Violent crime and insecurity are rising globally, especially in developing countries. The Middle East is plagued by a raging civil war in Syria and Yemen and cross-border terrorism in Jordan and Iraq. Recently, outbursts of violence are also being seen in gulf countries such as Saudi Arabia and Kuwait. Africa has seen long-running insurgencies in countries such as Nigeria, Chad, Mali, Niger and the Democratic Republic of Congo, a long-running civil war in the Central African Republic and high violent crime rates in Zimbabwe and South Africa.

Further, the Asia-Pacific has also seen long-running insurgencies in Pakistan, certain parts of India, Myanmar, eastern Indonesia and the Philippines. In South America, Venezuela has seen an unprecedented rise in violent crime, mainly due to a severe economic crisis that led to state collapse. As the crime and insecurity are rising, people will look for ways to ensure their safety. Therefore, rising global crime and insecurity is an important driver for the growth of the market as these glasses offer protection against gun violence.

High Costs Associated with Bulletproof Glass

Since the usage of bulletproof glass is a life or death matter, the glass undergoes exhaustive testing to conform to the accepted national and global standards of ballistic protection. Further, bulletproof glass is also made to order; hence each glass panel manufactured is uniquely customized to clients' requirements. The only mass production occurs for institutional buyers, such as the police and the military. Bulletproof glass is heavy; hence suitable modifications must be made to cars, armored vehicles and homes to install the glass.

The testing is wide-ranging and complex and therefore adds to the cost of the glass. Thus, the high costs associated with bulletproof glass only leave well-funded governments with the ability to make mass purchases. Governments and civilians from poor and underdeveloped countries cannot afford the high costs, although these countries may have the most urgent requirements due to their poor security environment.

COVID-19 Impact Analysis

The global COVID-19 pandemic disrupted supply chain for the bulletproof glass market. The market has a diversified global supply chain with component manufacturers, programmers, suppliers and distributors in various countries. Long lead times are required to manufacture, test and dispatch bulletproof glass. Therefore, the entire supply chain is fragile and vulnerable to external shocks.

The shipping delays and raw material supply disruptions caused by the aftershock effects of the COVID-19 pandemic have led to a decrease in bulletproof glass production and long production times for end-use industries, even as demand recovers and slowly approaches pre-pandemic levels.

Despite the short-term challenges, the pandemic is expected to positively impact the long-term outlook of the global bulletproof glass market. The challenges caused by the pandemic have caused various governments, especially those of U.S. and E.U. countries, to classify bulletproof glass into a list of items critical to national security.

Therefore, the governments have made significant investments to strengthen supply chains and sort out production issues. The global bulletproof glass market is expected to grow significantly in the coming years due to increasing military spending and rising security challenges in the emerging world.

Segment Analysis

The global bulletproof glass market is segmented based on security, material, end-user and region.

Advancements in Technology and Growing Military Budget

Global bulletproof glass market in military and defense was valued at US$ 3.9 billion in 2022 and is estimated to grow at a CAGR of 18.9% over the forecast period. Military and defense sector holds a major portion of the bulletproof glass industry and various companies are investing majorly in building the bulletproof glass, achieving milestones set by the defense sector.

Bulletproof Glasses are designed to provide ballistic protection against any threat that may arise at any time. Furthermore, military vehicles are subjected to greater threats than civilian vehicles; thicker, splinter-resistant and stronger bulletproof glass is required for the protection. In reality, unique bulletproofed vision windows are built-in structures such as guardhouses.

The field of bulletproof glass is always evolving and several military programs are underway to develop lighter-weight, more defensive bullet-resistant glass. Aluminum Oxynitride is four times as robust as silica glass and eighty-five percent as strong as sapphire. Military experts in U.S. are working swiftly to produce this new type of transparent armor that uses aluminum oxynisstride (ALON) as the outer strike plate layer. The glass is a more resistant glass used in military assault vehicles and aircraft. Thus, ongoing advancement is expected to create market growth opportunities for the bulletproof glass to grow in the segment in the forecast period.

Geographical Analysis

Increased Spending on Military & Defense due to Rising Stress between Neighboring Countries

The Asia-Pacific bulletproof glass market was valued at US$ 4.5 billion in 2022 and is growing at a CAGR of 16.7% during the forecast period. The region has witnessed increased spending on military & defense due to rising stress between neighboring countries. In March 2021, China announced a yearly defense budget of US$ 209.2 billion, marking a 6.8% gain from the US$ 183.5 billion spent in 2020.

Agencies are also working on R&D to develop efficient products for the military & defense. For instance, Border Security Force has developed a special bulletproof bunker that allows vigilance of the border area through a periscope. The bunker is made of thick armor and bulletproof glass and can be lifted and placed anywhere. The portability is convenient for the force when shifting vigil posts.

Moreover, the region has also witnessed high demand for bulletproof glasses in vehicles due to rising security threats and disposable incomes. Another important reason behind the rising adoption of bulletproof vehicles is reducing national defense budgets by many countries. For example, countries such as Indonesia and Thailand decreased their budget by around US$ 558 and US$ 555 million, respectively, from 2019 to 2020. In the last 10 years, India has exported US$ 1.42 Million worth of Bulletproof Glasses products to the overseas market. The aforementioned facts boosts the market share for Asia-Pacific in the global bulletproof glass market.

Competitive Landscape

The major global players include: Total Security Solutions (TSS), Saint-Gobain, PPG Industries, Inc., AGC Inc., Schott AG, Taiwan Glass Ind. Corp., Nippon Sheet Glass Co., Ltd, Armortex, Apogee Enterprises, Inc. and Binswanger Glass.

Why Purchase the Report?

• To visualize the global bulletproof glass market segmentation based on security, material, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of bulletproof glass market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global bulletproof glass market report would provide approximately 61 tables, 60 figures and 183 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies