Bullet Proof Glass Market

Bullet Proof Glass Market by Applications (Cash-in-Transit Vehicles, Government and Law Enforcement, Defense and VIP Vehicles, Commercial Buildings, and Others), End-Users (Military, Banking and Finance, Construction, and Automotive), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-701
  • Author: Growth Market Reports
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  • No. Of Pages: 182
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The global bullet proof glass market size was valued at USD 7.9 billion in 2020 and is projected to surpass USD 12.7 billion by 2028, expanding at a CAGR of 16.57% during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for the bullet proof glass in the automotive sector and government providing investment to the manufacturer and promoting the use of bullet proof glass.
 

Bullet Proof Glass Market Key Takeaways


Two or more types of glasses are combined to make a strong and optically transparent material known as bullet proof glass also called as ballistic glass or bullet resistant glass. It is installed at places for security purposes to encounter vicious attack such as theft or robberies, banks, cash-in-transit vehicles, and military tanks. They are built using layers of laminated glass.

It can easily handle the pressure created by bullet on glass. The thickness of the glass depends upon the security level needed. Bullet proof glass is mostly preferred by military bases. Celebrities and dignitaries are also demanding for bullet proof vehicles for their security purposes for which many automotive manufacturers are customizing these vehicles.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing concern about the security and wellbeing of the people as of rising terrorist attacks and fear of thefts & robberies are anticipated to fuel the market during the forecast period.
  • Rapid growth of the terrorism and threat requires bullet proof glass and armors for the military for protection is key factor pushing the market expansion in the coming years.
  • High military spending by the governments of different countries is increasing the demand for bullet proof glasses.
  • High cost of bullet proof glass is estimated to hinder the market growth.
  • Lack of resources or budget for purchasing the bullet proof glass can act as major challenge that can restrict the market expansion during the forecast period.
  • Growing R&D investment and technological advancement of making transparent bullet proof armors for effective use is projected to offer significant opportunities for the market players.

Scope of the Report

The report on the global bullet proof glass market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Bullet Proof Glass Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Cash-in-Transit Vehicles, Government and Law Enforcement, Defense and VIP Vehicles, Commercial Buildings, and Others) and End-users (Military, Banking and Finance, Construction, and Automotive)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Apogee Enterprises Inc., Total Security Solutions, China Specialty Glass AG, Bullet Guard Corporation, Diamond Glass, D.W. Price Security, and National Glass

 

Global Bullet Proof Market Segment Insights

The defense and VIP vehicles segment is projected to hold a key market share
On the basis of applications, the bullet proof market is segmented into cash-in-transit vehicles, government and law enforcement, defense and VIP vehicles, commercial buildings, and others. The defense and VIP vehicles segment is expected to hold a key share of the market in the coming years due to high demand for security and to support the military strength of the country. On the other hand, the cash-in-transit vehicles segment is anticipated to expand at a rapid pace during the forecast period owing to the increase in theft or crime are increasing the demand for bullet proof glass vehicles.

The military segment is projected to constitute a major market share
In terms of end-users, the bullet proof glass market is segregated into military, banking & finance, construction, and automotive. The military segment is expected to hold a key share of the market during the forecast period owing to the increasing use for bomb disposal, military bases, armored personnel carriers, fighting tanks, and mine detection. The automotive segment is anticipated to expand at a rapid pace during the forecast period due to rising demand for the bullet proof glass vehicles used by government, embassies, and transportation of personnel.
 

Bullet Proof Glass Market By End Users


North America is expected to expand at a robust pace
On the basis of regions, the global bullet proof glass market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at a high CAGR during the forecast period. The regional market growth can be attributed to high consumption of bullet proof glass and presence of leading manufacturer and exporter of vital components of bullet proof glasses. Asia Pacific is expected to exhibit a rapid growth rate in the coming years due to increasing infrastructure development and developing financing sector.
 

Bullet Proof Glass Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bullet Proof Glass Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Bullet Proof Glass Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Bullet Proof Glass Market - Supply Chain
  4.5. Global Bullet Proof Glass Market Forecast
     4.5.1. Bullet Proof Glass Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Bullet Proof Glass Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Bullet Proof Glass Market Absolute $ Opportunity
5. Global Bullet Proof Glass Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Bullet Proof Glass Market Size and Volume Forecast by Types
     5.3.1. Traditional laminated
     5.3.2. Polycarbonate
     5.3.3. Insulated ballistic
     5.3.4. Glass-clad polycarbonate
     5.3.5. Acrylic
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Bullet Proof Glass Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Bullet Proof Glass Market Size and Volume Forecast by Applications
     6.3.1. Cash-in-Transit Vehicles
     6.3.2. Government and Law Enforcement
     6.3.3. Defense and VIP Vehicles
     6.3.4. Commercial Buildings
     6.3.5. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Bullet Proof Glass Market Analysis and Forecast by End Users
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by End Users
     7.2.2. Y-o-Y Growth Projections by End Users
  7.3. Bullet Proof Glass Market Size and Volume Forecast by End Users
     7.3.1. Military
     7.3.2. Banking and Finance
     7.3.3. Construction
     7.3.4. Automotive
  7.4. Absolute $ Opportunity Assessment by End Users
  7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Bullet Proof Glass Market Analysis and Forecast by Region
  8.1. Market Trends
  8.2. Introduction
     8.2.1. Basis Point Share (BPS) Analysis by Region
     8.2.2. Y-o-Y Growth Projections by Region
  8.3. Bullet Proof Glass Market Size and Volume Forecast by Region
     8.3.1. North America
     8.3.2. Latin America
     8.3.3. Europe
     8.3.4. Asia Pacific
     8.3.5. Middle East and Africa (MEA)
  8.4. Absolute $ Opportunity Assessment by Region
  8.5. Market Attractiveness/Growth Potential Analysis by Region
  8.6. Global Bullet Proof Glass Demand Share Forecast, 2019-2026
9. North America Bullet Proof Glass Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
  9.2. North America Bullet Proof Glass Market Size and Volume Forecast by Country
     9.2.1. U.S.
     9.2.2. Canada
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. North America Bullet Proof Glass Market Size and Volume Forecast by Types
     9.4.1. Traditional laminated
     9.4.2. Polycarbonate
     9.4.3. Insulated ballistic
     9.4.4. Glass-clad polycarbonate
     9.4.5. Acrylic
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. North America Bullet Proof Glass Market Size and Volume Forecast by Applications
     9.7.1. Cash-in-Transit Vehicles
     9.7.2. Government and Law Enforcement
     9.7.3. Defense and VIP Vehicles
     9.7.4. Commercial Buildings
     9.7.5. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. North America Bullet Proof Glass Market Size and Volume Forecast by End Users
     9.10.1. Military
     9.10.2. Banking and Finance
     9.10.3. Construction
     9.10.4. Automotive
  9.11. Basis Point Share (BPS) Analysis by End Users
  9.12. Y-o-Y Growth Projections by End Users
  9.13. Market Attractiveness/Growth Potential Analysis
     9.13.1. By Country
     9.13.2. By Product Type
     9.13.3. By Application
  9.14. North America Bullet Proof Glass Demand Share Forecast, 2019-2026
10. Latin America Bullet Proof Glass Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Latin America Average Pricing Analysis
  10.2. Latin America Bullet Proof Glass Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
  10.4. Latin America Bullet Proof Glass Market Size and Volume Forecast by Types
     10.4.1. Traditional laminated
     10.4.2. Polycarbonate
     10.4.3. Insulated ballistic
     10.4.4. Glass-clad polycarbonate
     10.4.5. Acrylic
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Latin America Bullet Proof Glass Market Size and Volume Forecast by Applications
     10.7.1. Cash-in-Transit Vehicles
     10.7.2. Government and Law Enforcement
     10.7.3. Defense and VIP Vehicles
     10.7.4. Commercial Buildings
     10.7.5. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Latin America Bullet Proof Glass Market Size and Volume Forecast by End Users
     10.10.1. Military
     10.10.2. Banking and Finance
     10.10.3. Construction
     10.10.4. Automotive
  10.11. Basis Point Share (BPS) Analysis by End Users
  10.12. Y-o-Y Growth Projections by End Users
  10.13. Market Attractiveness/Growth Potential Analysis
     10.13.1. By Country
     10.13.2. By Product Type
     10.13.3. By Application
  10.14. Latin America Bullet Proof Glass Demand Share Forecast, 2019-2026
11. Europe Bullet Proof Glass Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Europe Average Pricing Analysis
  11.2. Europe Bullet Proof Glass Market Size and Volume Forecast by Country
     11.2.1. Germany
     11.2.2. France
     11.2.3. Italy
     11.2.4. U.K.
     11.2.5. Spain
     11.2.6. Russia
     11.2.7. Rest of Europe
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Europe Bullet Proof Glass Market Size and Volume Forecast by Types
     11.4.1. Traditional laminated
     11.4.2. Polycarbonate
     11.4.3. Insulated ballistic
     11.4.4. Glass-clad polycarbonate
     11.4.5. Acrylic
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Europe Bullet Proof Glass Market Size and Volume Forecast by Applications
     11.7.1. Cash-in-Transit Vehicles
     11.7.2. Government and Law Enforcement
     11.7.3. Defense and VIP Vehicles
     11.7.4. Commercial Buildings
     11.7.5. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Europe Bullet Proof Glass Market Size and Volume Forecast by End Users
     11.10.1. Military
     11.10.2. Banking and Finance
     11.10.3. Construction
     11.10.4. Automotive
  11.11. Basis Point Share (BPS) Analysis by End Users
  11.12. Y-o-Y Growth Projections by End Users
  11.13. Market Attractiveness/Growth Potential Analysis
     11.13.1. By Country
     11.13.2. By Product Type
     11.13.3. By Application
  11.14. Europe Bullet Proof Glass Demand Share Forecast, 2019-2026
12. Asia Pacific Bullet Proof Glass Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Asia Pacific Average Pricing Analysis
  12.2. Asia Pacific Bullet Proof Glass Market Size and Volume Forecast by Country
     12.2.1. China
     12.2.2. Japan
     12.2.3. South Korea
     12.2.4. India
     12.2.5. Australia
     12.2.6. Rest of Asia Pacific (APAC)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Asia Pacific Bullet Proof Glass Market Size and Volume Forecast by Types
     12.4.1. Traditional laminated
     12.4.2. Polycarbonate
     12.4.3. Insulated ballistic
     12.4.4. Glass-clad polycarbonate
     12.4.5. Acrylic
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Asia Pacific Bullet Proof Glass Market Size and Volume Forecast by Applications
     12.7.1. Cash-in-Transit Vehicles
     12.7.2. Government and Law Enforcement
     12.7.3. Defense and VIP Vehicles
     12.7.4. Commercial Buildings
     12.7.5. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Asia Pacific Bullet Proof Glass Market Size and Volume Forecast by End Users
     12.10.1. Military
     12.10.2. Banking and Finance
     12.10.3. Construction
     12.10.4. Automotive
  12.11. Basis Point Share (BPS) Analysis by End Users
  12.12. Y-o-Y Growth Projections by End Users
  12.13. Market Attractiveness/Growth Potential Analysis
     12.13.1. By Country
     12.13.2. By Product Type
     12.13.3. By Application
  12.14. Asia Pacific Bullet Proof Glass Demand Share Forecast, 2019-2026
13. Middle East & Africa Bullet Proof Glass Market Analysis and Forecast
  13.1. Introduction
     13.1.1. Basis Point Share (BPS) Analysis by Country
     13.1.2. Y-o-Y Growth Projections by Country
     13.1.3. Middle East & Africa Average Pricing Analysis
  13.2. Middle East & Africa Bullet Proof Glass Market Size and Volume Forecast by Country
     13.2.1. Saudi Arabia
     13.2.2. South Africa
     13.2.3. UAE
     13.2.4. Rest of Middle East & Africa (MEA)
  13.3. Absolute $ Opportunity Assessment by Country
  13.4. Middle East & Africa Bullet Proof Glass Market Size and Volume Forecast by Types
     13.4.1. Traditional laminated
     13.4.2. Polycarbonate
     13.4.3. Insulated ballistic
     13.4.4. Glass-clad polycarbonate
     13.4.5. Acrylic
  13.5. Basis Point Share (BPS) Analysis by Types
  13.6. Y-o-Y Growth Projections by Types
  13.7. Middle East & Africa Bullet Proof Glass Market Size and Volume Forecast by Applications
     13.7.1. Cash-in-Transit Vehicles
     13.7.2. Government and Law Enforcement
     13.7.3. Defense and VIP Vehicles
     13.7.4. Commercial Buildings
     13.7.5. Others
  13.8. Basis Point Share (BPS) Analysis by Applications
  13.9. Y-o-Y Growth Projections by Applications
  13.10. Middle East & Africa Bullet Proof Glass Market Size and Volume Forecast by End Users
     13.10.1. Military
     13.10.2. Banking and Finance
     13.10.3. Construction
     13.10.4. Automotive
  13.11. Basis Point Share (BPS) Analysis by End Users
  13.12. Y-o-Y Growth Projections by End Users
  13.13. Market Attractiveness/Growth Potential Analysis
     13.13.1. By Country
     13.13.2. By Product Type
     13.13.3. By Application
  13.14. Middle East & Africa Bullet Proof Glass Demand Share Forecast, 2019-2026
14. Competition Landscape
  14.1. Global Bullet Proof Glass Market: Market Share Analysis
  14.2. Bullet Proof Glass Distributors and Customers
  14.3. Bullet Proof Glass Market: Competitive Dashboard
  14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     14.4.1. Apogee Enterprises Inc.
     14.4.2. Total Security Solutions
     14.4.3. China Specialty Glass AG
     14.4.4. Bullet Guard Corporation
     14.4.5. Diamond Glass
     14.4.6. D.W. Price Security
     14.4.7. National Glass

Segments Covered in the Report
The global bullet proof glass market has been segmented on the basis of

Types

  • Traditional laminated
  • Polycarbonate
  • Insulated ballistic
  • Glass-clad polycarbonate
  • Acrylic

Applications

  • Cash-in-Transit Vehicles
  • Government and Law Enforcement
  • Defense and VIP Vehicles
  • Commercial Buildings
  • Others

End-users

  • Military
  • Banking and Finance
  • Construction
  • Automotive

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Apogee Enterprises Inc.
  • Total Security Solutions
  • China Specialty Glass AG
  • Bullet Guard Corporation
  • Diamond Glass
  • D.W. Price Security
  • National Glass

Key players competing in the bullet proof glass market include Apogee Enterprises Inc., Total Security Solutions, China Specialty Glass AG, Bullet Guard Corporation, Diamond Glass, D.W. Price Security, and National Glass.

Some of these players are involved in several business strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance, In March 2017, Wingate Partners, the U.S based investment firm obtained Binswanger Glass, the U.S based leading producers of glass solutions.
 

Bullet Proof Glass Market By key Players

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