Global Bulletproof Glass Market - Insights
Global bulletproof glass market is expected to witness significant growth during the forecast period of 2019–2027. Growing demand for bulletproof glass from the transportation and automotive sectors, requirement for safety measures, rising number of commercial, residential and infrastructure applications, increasing government concerns with respect to public safety and security, followed by infrastructure development in emerging economies are some of the factors driving the market growth. With the rise in crime rates and terror attacks around the world, has led to an increase in safety and security concerns which is expected to propel growth of the bulletproof glass market across the globe. As a result, key players in the market are adopting various business strategies such as partnerships to strengthen their foothold in the global market. For instance, in October 2013, Grey Mountain Partners acquired Dlubak Corp., a subsidiary of Consolidated Glass Holdings, Inc. which manufactures bullet-resistant glass in its fabrication plant located in Blairsville, U.S.
Figure 1. Global Bulletproof Glass Market Share (%), by Region (2018 & 2027)
Source: Coherent Market Insights, 2018-19
North America Bulletproof Glass Market accounted for largest share in 2018
North America is expected to be the largest and fastest growing region in the bulletproof glass market during the forecast period (2019-2027) owing to increasing demand for bulletproof glass from the automobile industry. Manufacturers such as BMW, Ford, Audi, and Volkswagen are launching bulletproof vehicles in the region which is projected to augment growth of the bulletproof glass market in North America. Furthermore, increasing defense expenditure as well as increasing research and development activities for development of advanced bulletproof glass by the U.S. government, followed by growth in segments such as infrastructure and healthcare is also expected to spur demand for bulletproof glass during the forecast period. According to Coherent Market Insights analysis, the U.S. defense expenditure increased from US$ 521 Bn in 2017 to US$ 639 Bn in 2018, which, in turn, is expected to drive demand for bulletproof security glass in the next few years. Additionally, increasing number of armed robberies in the U.S. is also expected to contribute to the growing demand for bulletproof glass in the region, thereby augmenting the global bulletproof glass market growth.
Figure 2. Global Bulletproof Glass Market Share (%), By End-Use Industry (2018 & 2027)
Source: Coherent Market Insights, 2018-19
On the basis of end-use industry, the global bulletproof glass market is segmented into the financial services industry, automotive industry, construction industry, and others. The automotive industry segment is expected to be the largest and fastest growing segment in the global bulletproof glass market during forecast period, owing to increasing deployment of bulletproof glass in the automotive sector. Armored vehicles used by VIP personnel, government embassies, and banks are fitted with bulletproof glass. Furthermore, the side and rear windows, vehicle windscreens and glass panel roofs are fitted with bulletproof glass, which can protect the vehicle from ballistic attacks. For instance, Lasco International Group, based in the U.S, provides bullet resistant flat glass and laminated window auto glass to the automotive industry. The armored auto glass segment of the company reproduces the original shape, safety and comfort, dimensions, and tight blending tolerance of the glass, and thereby optimizing the bullet resistant capacity of the glass meant for application in the automotive industry.
Furthermore, researchers of bulletproof glass are focused on technological innovations, particularly for military application. For instance, in June 2017, Tomsk Polytechnic University researchers are working on developing the transparent ceramics production technology which is used to make bullet resistant glass for military and defense purposes. This technology aims to reduce the weight of the glass by two to three times and thereby increase the ballistic strength of the glass. These factors are expected to drive growth of the global bulletproof glass market in the near future.
Some of the key players operating in the global bulletproof glass industry include Saint-Gobain, Asahi Glass Co., Ltd. (AGC Inc.), Nippon Sheet Glass Co., Ltd, GUARDIAN GLASS LLC, ?i?ecam Group, Taiwan Glass Industry Corporation, SCHOTT AG, Phoenicia, Scheuten, and Consolidated Glass Holdings, Inc. among others.
Bulletproof glass, also known as ballistic glass, transparent armor or bullet resistant glass, is an important element of security systems installed at places which are likely to encounter violent assaults such as premium vehicles, armored cash-in-transit trucks, banks, display cases, ATM booths, and other applications that call for advanced security features and may require protection from bullets and small projectiles. Bullet proof glass is made from a variety of materials which include polycarbonates, thermoplastics, acrylics, and glass-clad polycarbonates, depending on the level of protection required for an application. Most bulletproof glass is made of layers that contain one or more of these materials or conventional tempered glass. Bulletproof glass is intended to resist one or more rounds of bullets depending on the thickness of the glass or the weapon that is used to fire at it.
Increasing automotive and commercial applications of bulletproof glass and militarization of law enforcement agencies around the world is driving the global bulletproof glass market. Moreover, key players are focusing on product innovations to meet the increasing demand for bulletproof glass from the defense and military industry. For instance, Saint-Gobain Crystals is one of the key manufacturers and suppliers of transparent sapphire glass armoring for military vehicles. The company's transparent armor replaces the conventional glass armor with an advanced ceramic-based product, which is comprised of the large sheets of sapphire laminated with a multiple layers of glass and polycarbonate. However, higher cost of raw materials such as polycarbonate is expected to hinder growth of the global bulletproof glass market.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.
Table Of Content
Research Objectives and Assumption
Market Dynamics, Regulations, and Trends Analysis
Global Bulletproof Glass Market, By End-Use Industry, 2017 - 2027 (US$ Million)
Global Bulletproof Glass Market, By Application, 2017 - 2027 (US$ Million)
Global Bulletproof Glass Market, By Geography, 2017 - 2027 (US$ Million)
*Browse 60 market data tables and 40 figures on "Global Bulletproof Glass Market" - Global forecast to 2027”.
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