PUBLISHER: The Business Research Company | PRODUCT CODE: 1414075
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414075
“Bullet Proof Glass Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on bullet proof glass market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for bullet proof glass? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The bullet proof glass market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Bulletproof glass is a composite assembly of three or more glass panes fused using diverse synthetic materials between layers, offering added protection to both structures and vehicles against ballistic threats.
The primary variants of bulletproof glass include solid acrylic, traditional laminated, polycarbonate, glass-clad polycarbonate, among others. Solid acrylic, derived from synthetic resin and a mild alkaline polymer, stands out for its robust impact resistance and strength, ensuring prolonged durability against solvents, weather conditions, and UV exposure. Ranging from security levels 1 through 8, this glass is widely utilized in defense, VIP vehicles, ATM booths, teller stations, cash-in-transit vehicles, commercial structures, as well as government, law enforcement, and various other applications. End-users of bulletproof glass span across multiple industries, encompassing automotive, military, banking, finance, construction, and others.
The bulletproof glass market research report is one of a series of new reports from The Business Research Company that provides bulletproof glass market statistics, including bulletproof glass industry global market size, regional shares, competitors with a bulletproof glass market share, detailed bulletproof glass market segments, market trends and opportunities, and any further data you may need to thrive in the bulletproof glass industry. This bulletproof glass market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The bullet proof glass market size has grown rapidly in recent years. It will grow from $6.76 billion in 2023 to $7.61 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. During the historical period, the rise can be credited to factors such as urban expansion, infrastructure development, government-driven initiatives for public safety, heightened security considerations, global threats from terrorism, a surge in violent crimes, and notable security incidents.
The bullet proof glass market size is expected to see rapid growth in the next few years. It will grow to $11.68 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. In the upcoming forecast period, growth is anticipated due to several factors, including the evolving threat landscape, the implementation of smart city projects, the expansion of high-value assets, and increased usage in defense and military sectors. Additionally, there's a notable emphasis on sustainability, particularly in emerging markets.
The surge in global terrorist activities is anticipated to drive the expansion of the bulletproof glass market. Terrorist incidents, marked by violent actions or threats to coerce populations or governments for ideological motives, have led to increased adoption of bulletproof glass by businesses and governmental bodies. This measure aims to safeguard against bullets, explosives, and vandalism during such attacks. In 2022, the Sahel region in sub-Saharan Africa accounted for 43% of global terrorism deaths, with Burkina Faso and Mali contributing 73% of these fatalities. Notably, Burkina Faso saw a 50% rise to 1,135 deaths, and Mali experienced a 56% increase to 944 deaths. The Middle East, North Africa, South Asia, and Sub-Saharan Africa were the primary regions affected. This trend is propelling the demand for bulletproof glass.
The growth trajectory of the automotive industry is poised to propel the bulletproof glass market. As a sector encompassing vehicle design, production, marketing, and sales, the automotive industry increasingly turns to bulletproof glass for enhanced security and occupant safety. In 2022, global motor vehicle production reached 85.4 million units, marking a 5.7% increase from the previous year. Specific to the U.S., new vehicle sales in July 2021 rose by 4.7% compared to July 2020. This industry's expansion significantly drives the demand for bulletproof glass owing to its security benefits and protective features in automobiles.
Leading companies in the bulletproof glass industry are forging strategic partnerships to offer essential security solutions. Through collaborations that leverage combined strengths, these companies cater to the needs of individuals, businesses, and governments. For instance, in September 2023, Specialty Fenestration Group (SFG), the parent company of U.S. Bullet Proofing and Quikserv transaction systems, joined forces with Safer Schools, a coalition focused on student security. This partnership aims to enhance school safety by providing comprehensive security solutions for doors, windows, and transaction spaces, aligning with the ongoing efforts to create secure learning environments.
Major players in the bulletproof glass market concentrate on developing certified bullet-resistant glass to gain a competitive edge. By focusing on Level 3 bullet-resistant glass, companies seek heightened security measures that comply with industry standards. For instance, in September 2021, Vetrotech Saint-Gobain introduced the Vetrogard bullet-resistant glass, 65mm thick and certified for Level 3 bullet resistance against AK-47 rifles in India. This high-security glass caters to various applications in commercial and residential buildings, meeting National Institute of Justice (NIJ) standards and finding utility in luxury residences, banks, embassies, hotels, offices, government buildings, and VVIP rooms.
In August 2022, Total Security Solutions (TSS), a US firm specializing in crafting, producing, and setting up bullet-resistant barrier systems, made an undisclosed acquisition of Bullet Guard. This strategic move is geared towards augmenting TSS's operational capabilities, bolstering its supply chains, and broadening service offerings to new customer segments, including institutions such as hospitals and schools. Bullet Guard, a US-based company renowned for manufacturing bullet-resistant products, complements TSS's objectives, facilitating enhanced market outreach and a broader range of product provisions.
Major companies operating in the bullet proof glass market report are Asahi Glass Co. Ltd., Apogee Enterprises Inc., Armortex, Compagnie de Saint-Gobain S.A., Schott AG, Smartglass International Limited, Total Security Solutions, Consolidated Glass Holdings Inc., Taiwan Glass Industry Corporation, Binswanger Glass, National Glass Distribution, Fuyao North America Inc., Guangdong Golden Glass Technologies Limited, Guardian Industries Holdings, Jeet And Jeet Glass and Chemicals Pvt. Ltd., Laggar Industries Ltd., Armass Glass, Centigon Security Group, Nippon Sheet Glass Co. Ltd., STEC ARMOUR GLASS, PPG Industries Inc., Sisecam Group, China Specialty Glass AG, Honeywell International Inc., Invengo Information Technology Co. Ltd., Creative Industries Group, Bulletproof Zone, Bullet Guard Corporation, International Armoring Corporation, SILATEC Sicherheits- und Laminatglastechnik GmbH
North America was the largest region in the bulletproof glass market in 2023. The regions covered in the bullet proof glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the bullet proof glass market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The bulletproof glass market consists of the sale of insulated ballistic glass, ceramic glass, vacuum insulating glass, Polymer-dispersed liquid crystal (PDLC) glass, and electrochromic glass. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.