Bulletproof Glass Industry summary, trends, sizing analysis and forecast to 2027

 

Market Overview

Global bulletproof glass market is expected to witness significant growth during the forecast period of 2019–2027. Growing demand for bulletproof glass from the transportation and automotive sectors, requirement for safety measures, rising number of commercial, residential and infrastructure applications, increasing government concerns with respect to public safety and security, followed by infrastructure development in emerging economies are some of the factors driving the market growth. With the rise in crime rates and terror attacks around the world, has led to an increase in safety and security concerns which is expected to propel growth of the bulletproof glass market across the globe. As a result, key players in the market are adopting various business strategies such as partnerships to strengthen their foothold in the global market. For instance, in October 2013, Grey Mountain Partners acquired Dlubak Corp., a subsidiary of Consolidated Glass Holdings, Inc. which manufactures bullet-resistant glass in its fabrication plant located in Blairsville, U.S.

North America is expected to be the largest and fastest growing region in the bulletproof glass market during the forecast period (2019-2027) owing to increasing demand for bulletproof glass from the automobile industry. Manufacturers such as BMW, Ford, Audi, and Volkswagen are launching bulletproof vehicles in the region which is projected to augment growth of the bulletproof glass market in North America.

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Market Dynamics

On the basis of end-use industry, the global bulletproof glass market is segmented into the financial services industry, automotive industry, construction industry, and others. The automotive industry segment is expected to be the largest and fastest growing segment in the global bulletproof glass market during forecast period, owing to increasing deployment of bulletproof glass in the automotive sector. Armored vehicles used by VIP personnel, government embassies, and banks are fitted with bulletproof glass. Furthermore, the side and rear windows, vehicle windscreens and glass panel roofs are fitted with bulletproof glass, which can protect the vehicle from ballistic attacks. For instance, Lasco International Group, based in the U.S, provides bullet resistant flat glass and laminated window auto glass to the automotive industry. The armored auto glass segment of the company reproduces the original shape, safety and comfort, dimensions, and tight blending tolerance of the glass, and thereby optimizing the bullet resistant capacity of the glass meant for application in the automotive industry.

Furthermore, researchers of bulletproof glass are focused on technological innovations, particularly for military application. For instance, in June 2017, Tomsk Polytechnic University researchers are working on developing the transparent ceramics production technology which is used to make bullet resistant glass for military and defense purposes. This technology aims to reduce the weight of the glass by two to three times and thereby increase the ballistic strength of the glass. These factors are expected to drive growth of the global bulletproof glass market in the near future.

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Some of the key players operating in the global bulletproof glass industry include Saint-Gobain, Asahi Glass Co., Ltd. (AGC Inc.), Nippon Sheet Glass Co., Ltd, GUARDIAN GLASS LLC,ecam Group, Taiwan Glass Industry Corporation, SCHOTT AG, Phoenicia, Scheuten, and Consolidated Glass Holdings, Inc. among others.

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