27-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Bulletproof Glass Market By Type (Acrylic, Traditional Laminated Glass, Polycarbonate, Glass-Clad Polycarbonate, Ballistic Insulated Glass, Others) By Security Level (Standard Security Level, VIP Security Level) By Vehicle Type (Luxury, SUV, Sedan, Truck, Others) and By End User (Building & Construction, Banking & Finance, Automotive, Military, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Bulletproof Glass market in 2019 was around USD 6 Billion. The market is expected to grow at a CAGR of around 13% and is anticipated to reach around USD 12 Billion by 2026.
Bulletproof glass is a strong and optically transparent glass that is designed to resist penetration by any kind of projectile such as shells and bullets. Bulletproof glasses are made up of several layers of thermoplastics and laminated glasses that form bulletproof glass and provide a different level of protection. These glasses handle the pressure very easily created by the bullet on the surface of the glass. Bulletproof glass is used in high-security buildings and structures like Jewelry stores, Military bases, International embassies, and vehicles of VIPs. The thickness of these bulletproof glasses varies from 19mm to 89mm.
Browse the full “Bulletproof Glass Market By Type (Acrylic, Traditional Laminated Glass, Polycarbonate, Glass-Clad Polycarbonate, Ballistic Insulated Glass, Others) By Security Level (Standard Security Level, VIP Security Level) By Vehicle Type (Luxury, SUV, Sedan, Truck, Others) and By End User (Building & Construction, Banking & Finance, Automotive, Military, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/bulletproof-glass-market-by-type-acrylic-traditional-laminated-953
The rising concerns among the governments of various nations regarding the safety and security of the public and the institutions with the rising use of bulletproof glasses in the construction industry have significantly contributed to the growth of the bulletproof glass market. But decline in the defense budgets from major countries across the globe act as restraints in the growth of the bulletproof glass market. Nevertheless, the growing investment in research and development for making bulletproof glass transparent, more effective, and efficient provides huge opportunities for the growth of the market.
As per the type analysis, the bulletproof glass market is fragmented into Polycarbonate, Acrylic, Ballistic Insulated Glass, Glass-Clad Polycarbonate, Traditional Laminated Glass, and Others. The acrylic segment is expected to dominate the market owing to its easy availability and it is used as the most common raw material in manufacturing any type of glass. As per the security level analysis, the bulletproof glass market is divided into Standard Security Level and VIP Security Level. The VIP security level is expected to dominate the market as VIP treatment is given to the top officials of any country like the top politicians, businessmen, celebrities, and bureaucrats. As per the Vehicle type analysis, the bulletproof glass market is divided into Luxury, SUV, Sedan, Truck, and Others. Luxury cars are mostly preferred by the VIPs owing to their purchasing power and being a top and renowned person in that specific country or region. As per the End User analysis, building and construction are expected to dominate the market in the coming years owing to the rapid growth in the construction industry and the growing demand for safety and security against various kinds of lethal attacks like thefts, robberies, or even terrorist attacks. Several governments have introduced several regulations with a view of providing maximum security and safety to their institutions and citizens.
As per the regional analysis, the region of North America is expected to dominate the market as it is the leading bulletproof glass manufacturer in the world. Similarly, the huge spending in the defense sector by the government and the need against the rising number of armed robberies in North America is triggering the demand for bulletproof glasses. However, there is a significant growth in the demand for bulletproof glasses from the Asia Pacific owing to the growing infrastructure development and thriving economies of the region.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 6 Billion |
Projected Market Size in 2026 |
USD 12 Billion |
CAGR Growth Rate |
13% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Saint-Gobain, PPG Industries Inc, AGC Inc, Schott AG, Taiwan Glass Ind Corp, Nippon Sheet Glass Co Ltd, Armortex, Total Security Solutions (TSS), Apogee Enterprises Inc, Binswanger Glass, Protective Structures, Centigon Security Group (A subsidiary of Carat Duchatelet Holdings), Armassglass, Stec Armour Glass (M) SDN BHD, and others. |
Key Segment |
By Type, Security Level, Vehicle, End User, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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The major players in the Bulletproof Glass market are as follows:
This report segments the Bulletproof Glass market as follows:
Global Bulletproof Glass Market: By Type Segmentation Analysis
Global Bulletproof Glass Market: By Security Level Segmentation Analysis
Global Bulletproof Glass Market: By Vehicle Type Segmentation Analysis
Global Bulletproof Glass Market: By End User Segmentation Analysis
Global Bulletproof Glass Market: Regional Segmentation Analysis
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