Bulletproof Glass Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

The bulletproof glass market is expected to grow from US$ 4.1 billion in 2022 to US$ 9.4 billion by 2031; it is estimated to record a CAGR of 9.6% between 2022 and 2031.

There are various applications of bulletproof glass such as security and military vehicles, banks, hospitals, government buildings, pharmacies, police stations, and jails. The glass looks similar to regular glass but can withstand several rounds of bullets. The global bulletproof glass market is segmented on the basis of application, end user, and geography. 

MARKET DYNAMICS 

Several advantages of bulletproof glasses such as high protection against physical and ballistic threats are driving the demand for bulletproof glasses from different application sectors. Bulletproof glass is ideal to use in various high-security applications such as banks, government buildings, and military facilities. Moreover, there is a high demand for bulletproof glasses from residential areas as they provide increased safety and peace of mind for homeowners. However, the high cost of bulletproof glass restrains the market growth.

MARKET SCOPE

The "Global Bulletproof Glass Market Forecast to 2031" report aims to provide an overview of the bulletproof glass market with detailed market segmentation based on application, end user, and geography. The report provides key statistics based on the performance of the leading market players. It also offers key trends and opportunities in the bulletproof glass market.

MARKET SEGMENTATION

The global bulletproof glass market is segmented on the basis of application and end user. Based on application, the market is segmented into defense and VIP vehicles, government and law enforcement, cash-in-transit vehicles, commercial buildings, ATM booths and teller stations, and others. By end user, the market is segmented into automotive, military, construction, banking & finance, and others.

REGIONAL FRAMEWORK

The global bulletproof glass market is segmented into five major regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South & Central America. The report covers an analysis and forecast of 18 countries across the world along with trends and opportunities prevailing in the region.

From the regional perspective, the bulletproof glass market in Asia-Pacific is expected to witness the fastest growth during the forecast period. In Asia Pacific, bulletproof glasses are increasingly used in the automotive, military, and construction industries, as well as in banks and financial institutions. Moreover, the strong growth of the construction and automotive industries in Asia-Pacific fuels the bulletproof glass market growth in the region. 

The report analyzes factors such as drivers, restraints, opportunities, and future trends, which impact the bulletproof glass market. The report also provides an exhaustive Porter's five forces analysis of the factors influencing the bulletproof glass market in these regions. 

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IMPACT OF COVID-19 PANDEMIC

Before the COVID-19 pandemic, the bulletproof glass market witnessed growth due to the growing use of bulletproof glass in various end-use industries such as construction and automotive. However, the significant decline in the growth of several industrial sectors reduced the demand for bulletproof glasses in the global market.  Bulletproof glass is highly used in the construction of commercial and residential buildings, defense and VIP vehicles, and cash-in-transit vehicles. The global market for all types of cars was significantly disrupted due to the pandemic. The COVID-19 pandemic dramatically declined vehicle sales and construction activities, which restrained the global bulletproof glass market growth.  The COVID-19 pandemic has caused a delay in most ongoing construction projects and reduced the productivity of the construction industry.

As the economies are reviving their operations, the demand for bulletproof glasses is improving. The sales of vehicles increased in 2021.  The growing demand for vehicles is expected to drive the need for bulletproof glass in the coming years. Moreover, the previously postponed construction projects are resuming and are creating demand for different construction products.  With the resumption of different residential and commercial construction activities, the demand for bulletproof glass is improving.

Bulletproof Glass Market Report Analysis

MARKET PLAYERS

The reports cover key developments in the bulletproof glass market. Various companies are focusing on organic growth strategies such as product launches, product approvals, patents, and events. Acquisitions, and partnerships & collaborations are among the inorganic growth strategic activities witnessed in the market. These activities have paved the way for the expansion of business and the customer base of market players. The players operating in the bulletproof glass market are anticipated to experience lucrative opportunities in the future due to the rising demand for bulletproof glasses. 

The report includes the profiles of key bulletproof glass market companies along with their SWOT analysis and market strategies. In addition, it focuses on leading industry players’ information such as company profiles, components and services offered, financial information of last three years, and key development in past five years. Below mentioned is a list of a few companies engaged in the bulletproof glass market.

• Saint-Gobain S.A.
• Armass Glass 
• BCE Glass Industry 
• SCHOTT 
• Asahi India Glass Limited. 
• PPG Industries, Inc.  
• Guardian Industries Holdings 
• Bullet Guard Corporation 
• SILATEC GmbH 
• Duratuf Glass Industries (P) Ltd. 

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Bulletproof Glass Market Report Scope