Bulletproof glass, also known as ballistic glass or bullet-resistant glass, is a type of glass designed to withstand gunfire and provide protection against projectiles. The specific requirements for bulletproof glass depend on the intended application and the level of threat anticipated.
The bulletproof glass market consists of sales, by entities (organizations, sole traders and partnerships), of bulletproof glass that refers to strong and optically transparent material designed to resist the penetration of bullets. The glass is made from a combination of two or more types of glass, one hard and one soft, which makes the glass more elastic and able to flex instead of shatter.
The global bulletproof glass market grew from $4,558.2 million in 2018 to $6,755.4 million in 2023 at a compound annual growth rate (CAGR) of 8.2%.
Increase In Spending On Military Equipment
The bulletproof glass market was driven by the increase in spending on military equipment during the historic period. Comprehensive security enhancements for military infrastructure, vehicles and buildings have been a part of increased spending on weapons and ammunition. The need for such specialized glass increased as bulletproof glass became apparent as a vital component in protecting these assets from ballistic attacks. Glass that is bulletproof has become essential for protecting military personnel and equipment from the hazards of contemporary combat. According to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international institute, world military expenditure rose by 3.7% in real terms in 2022, to reach a record high of $2,240 billion. Europe's military spending increased by 13% throughout the course of the year. Therefore, rising spending on military equipment drove the growth of the bulletproof glass market in the historic period.
Development Of Military Grade Vehicles With Bullet-Proof Glass
Increasing production of military grade vehicles fitted with military grade security technologies, such as bulletproof glass and explosive detection systems, among others, and retrofitting vehicles to focus on high income individuals is gaining popularity. For instance, in January 2023, Rezvani Motors, a US-based automobile company offering high-performance sports cars, introduced a car with security features such as pepper spray-emitting wing mirrors, bulletproof glass and electrified door handles, more frequently seen on military vehicles. The bulky 6,200-pound (2,812-kg) sports utility vehicle (SUV) features a muscular rear end that is equipped with 35-inch off-road tires, designed for off-road driving. Bulletproof glass is intended to shield the vehicle from explosions, while electromagnetic pulse protection enables it to autonomously steer away from anticipated danger. Additionally, in February 2021, INKAS Group, a Canada-based security company, retrofitted the new 2021 BMW X7 SUV, which offers superior protection solutions, along with elegance and comfort. The business fitted the BMW with premium multilayer glass that can deflect hand grenades and powerful rifle shots.
The global bulletproof glass market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 21.0% of the total market in 2022
Bulletproof Glass Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global bulletproof glass market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for bulletproof glass? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The bulletproof 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 history and forecasts market growth by geography. It places the market within the context of the wider bulletproof glass market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions, and explanations about the bulletproof glass market.
- Key Trends- Highlights the major trends shaping the bulletproof glass market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on the global and regional markets, providing strategic insights for businesses in the bulletproof glass market.
- Global Market Size and Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by security level, by application and by end use in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for bulletproof glass providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
- Scope :
Markets Covered:
- 1) By Type: Solid Acrylic; Traditional Laminated; Polycarbonate; Glass-Clad Polycarbonate; Other Types
- 2) By Security Level: Security Level - 1; Security Level - 2; Security Level - 3; Security Level - 4 To 8
- 3) By End User: Automotive; Military; Banking And Finance; Construction; Other End Uses
- 4) By Application: Defense And VIP Vehicles; ATM Booths And Teller Stations; Cash-In-Transit Vehicles; Commercial Buildings; Government; Law Enforcement; Other Applications
- Companies Mentioned: Asahi Glass Co., Ltd (AGC Inc.); Saint-Gobain S.A.; Guardian Industries; Nippon Sheet Glass Co., Ltd; CSG Holdings Co., Ltd.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia.
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; bulletproof glass indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.