Categories: Market Research

Bullet Proof Glass Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Bullet Proof Glass Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Bullet Proof Glass Global Market Report 2024, 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%. The growth in the historic period can be attributed to urbanization and infrastructure development, government initiatives for public safety, increased security concerns, global terrorism threats, increase in violent crimes, high-profile 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%. The growth in the forecast period can be attributed to evolving threat landscape, smart city initiatives, expansion of high-value assets, defense and military applications, focus on sustainability, increased adoption in emerging markets. Major trends in the forecast period include integration with iot and smart security systems, technological innovations in glass manufacturing, lightweight solutions, customization for end-user industries, multi-threat protection.

The growing number of terrorist attacks across the globe is expected to propel the growth of the bulletproof glass market going forward. Terrorist attacks refer to the unlawful use of violence or threats to terrorize or compel a civilian population or government to achieve political, social, or ideological goals. Businesses and government organizations are increasingly preferring bulletproof glass as a security measure due to reasons such as protection against bullets, gunfire, explosives, and vandalism during terrorist attacks. For instance, in March 2023, according to the Institute for Economics and Peace (IEP), an Australia-based non-profit research organization dedicated to the study of peace, the Sahel region in sub-Saharan Africa accounted for 43% of global terrorism deaths in 2022, of which Burkina Faso and Mali accounted for 73% of terrorism deaths in the Sahel in 2022. Additionally, deaths in Burkina Faso increased by 50% to 1,135 and in Mali by 56% to 944 in 2022. The majority of attacks occurred in the Middle East and North Africa, followed by South Asia and Sub-Saharan Africa. Therefore, the growing number of terrorist attacks across the globe is driving the growth of bulletproof glass.

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The bullet proof glass market covered in this report is segmented –

1) By Type: Solid Acrylic, Traditional Laminated, Polycarbonate, Glass-Clad Polycarbonate, Other Types

2) By Security Levels: Security Level-1, Security Level-2, Security Level-3, Security Level-4 to 8

3) By Application: Defense And VIP Vehicles, ATM Booths And Teller Stations, Cash-in-Transit Vehicles, Commercial Buildings, Government And Law Enforcement, Other Application

4) By End-Use: Automotive, Military, Banking And Finance, Construction, Other End-Use

Major companies operating in the bulletproof glass industry are adopting strategic partnerships approach to provide essential communication services to individuals, businesses, and governments. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in September 2023, Specialty Fenestration Group (SFG), a US-based parent company of U.S. Bullet Proofing (USBP), a US-based manufacturer of bulletproof windows, and Quikserv transaction systems, a US-based manufacturer of pass-thru and security transaction systems joined the corporate partnership and membership for Safer Schools, a US-based (PASS) coalition dedicated to providing resources that will enhance the security of students. The move aligns with the ongoing efforts to ensure a secure learning environment for students and staff. U.S. Bullet Proofing and Quikserv offer a comprehensive range of security solutions for doors, windows, and transaction spaces

The bullet proof glass market report table of contents includes: