Market Overview:
The global bulletproof glass market size reached US$ 7.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 18.8 Billion by 2032, exhibiting a growth rate (CAGR) of 10.13% during 2024-2032. The widespread product adoption across aerospace and marine industries and rising security concerns represent some of the key factors driving the market.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 7.7 Billion |
Market Forecast in 2032
|
US$ 18.8 Billion |
Market Growth Rate 2024-2032 |
10.13% |
Bulletproof glass, also known as ballistic glass or bullet-resistant glass (BR glass), is a strong and optically transparent material that resists penetration by bullets and projectiles. It is made up of transparent materials, such as polycarbonate, acrylic, or glass-clad polycarbonate, that are capable of resistance to any damage. It is made by using layers of laminated glass that absorb the energy from a ballistic impact. Bulletproof glass is installed in places where violent assaults, such as robberies, are likely to occur, including ATM booths, banks, high-end vehicles, cash trucks, banks, and high-end vehicles that require advanced security features. As a result, it finds extensive applications across the military, automotive, construction, and banking, financial services, and insurance (BFSI) industries.
Bulletproof Glass Market Trends:
Rising security concerns across the globe are one of the key factors driving the market growth. Bulletproof glass is widely used to reduce the risks associated with human lives due to the increasing threat of terrorist attacks and rising theft and robbery incidents. Moreover, the widespread product adoption across aerospace and marine industries, as it offers excellent shatter resistance and can withstand high pressure, is acting as another growth-inducing factor. In line with this, expanding automotive industry, along with the increasing demand for bulletproof security glass in premium vehicles, are favoring the market growth. Apart from this, the introduction of advanced bulletproof glass manufactured using additional layers of tempered glass and polycarbonate plastic that is flexible and resilient is providing an impetus to the market growth. Additionally, the increasing product utilization in military vehicles and guardhouses, as they face a higher level of threat, is propelling the market growth. Furthermore, the widespread application of bulletproof glass in financial institutions and banks, as they are targets of robbery due to large amounts of valuables and money, is positively influencing the market growth. Besides this, the implementation of various government initiatives to promote the use of bulletproof glass for political and law enforcement protection in the automotive and construction sectors is providing a considerable boost to the market. Other factors, including the rising expenditure capacities of consumers, increasing product adoption in organizations to enhance the safety of the workers, and widespread product installation in malls, retails, and jewelry stores, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global bulletproof glass market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on type and end use.
Type Insights:
- Acrylic
- Traditional Laminated Glass
- Polycarbonate
- Glass-Clad Polycarbonate
- Ballistic Insulated Glass
- Others
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:
- Automotive
- Military
- Banking and Finance
- Building and Construction
- Others
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.
Regional Insights:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for bulletproof glass. Some of the factors driving the North America bulletproof glass market included rising security concerns, widespread utilization in the automotive industry, and increasing expenditure capacities.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global bulletproof glass market. Detailed profiles of all major companies have also been provided. Some of the companies covered include 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, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Type, End Use, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
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, etc. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global bulletproof glass market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global bulletproof glass market?
- What are the key regional markets?
- Which countries represent the most attractive bulletproof glass markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the end use?
- What is the competitive structure of the global bulletproof glass market?
- Who are the key players/companies in the global bulletproof glass market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the bulletproof glass market from 2018-2032.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global bulletproof glass market.
- The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the bulletproof glass industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.