Overview and Scope
Bulletproof glass refers to a composite of at least three glass panes joined together using different synthetic bindings between layers that are designed to provide an additional level of protection to structures and vehicles. It defines a substance that provides a certain degree of resistance against ballistic threats.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
North America was the largest region in the bulletproof glass market in 2023. The regions covered in the bullet proof glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the bullet proof glass market report are Asahi Glass Co. Ltd., Apogee Enterprises Inc., Armortex, Compagnie de Saint-Gobain S.A., Schott AG, Smartglass International Limited, Total Security Solutions, Consolidated Glass Holdings Inc., Taiwan Glass Industry Corporation, Binswanger Glass, National Glass Distribution, Fuyao North America Inc., Guangdong Golden Glass Technologies Limited, Guardian Industries Holdings, Jeet And Jeet Glass and Chemicals Pvt. Ltd., Laggar Industries Ltd., Armass Glass, Centigon Security Group, Nippon Sheet Glass Co. Ltd., STEC ARMOUR GLASS, PPG Industries Inc., Sisecam Group, China Specialty Glass AG, Honeywell International Inc., Invengo Information Technology Co. Ltd., Creative Industries Group, Bulletproof Zone, Bullet Guard Corporation, International Armoring Corporation, SILATEC Sicherheits- und Laminatglastechnik GmbH
The bullet proof glass market report table of contents includes:
1. Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
……….
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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