The bullet proof glass market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses the bullet proof glass market was USD 4,100.06 million in 2022 and is expected to reach USD 9,193.04 million by 2030 at a CAGR of 10.62% in the above-mentioned forecast period. In recent years, the market has seen a considerable increase in demand from industries such as residential structures and premium cars. The global market for bullet-proof glasses is being pushed by growing concerns about the safety and security of the global population, as the world is experiencing upheaval as a result of escalating terrorist attacks and the complexity of robberies and thefts. Therefore, the market is estimated to flourish over the forecasted period.
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Market Analysis and Insights
Bullet-proof glass, also known as transparent armor, ballistic glass, or bullet-resistant glass, is an important component of security systems installed in places where violent assaults, such as robberies, are likely to occur, or in cash trucks, banks, high-end vehicles, display cases, ATM booths, and other applications that require advanced security features and bullet and small projectile protection. Depending on the thickness of the glass or the weapon used to shoot at them, bullet-proof glasses are designed to withstand one or more rounds of bullets. The growing number of terrorist attacks across the globe is estimated to carve a way for the growth of the market. Moreover, the expanding global automotive sector, together with rising demand for premium vehicles, is primarily driving the expansion of the bullet-proof security glass market. The growing use of bullet-proof glass in the aerospace and maritime industries, which work in high-pressure environments and require glass that is both shatter-resistant and able to sustain high pressure is also estimated to drive market's value. Furthermore, it may be molded into a complex structure while maintaining the materials' quality and strength.
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Bullet Proof Glass Market Scope
The bullet proof glass market is segmented on the basis of country, type, security level, car type, application and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Acrylic
- Traditional Laminated Glass
- Polycarbonate
- Glass-Clad Polycarbonate
- Ballistic Insulated Glass
- Others
Security Level
- VIP Security Level
- Standard Security Level
Car Type
- Luxury
- SUV
- Sedan
- Truck
- Minivan
- Convertible
- Coupe
- Hatchback
- Others
Application
- Bank Security Glass
- Armored Cash Trucks
- ATM Booths
- Display Cases
- Residential Construction
- Premium Vehicles
- Others
End-User
- Building and Construction
- Banking and Finance
- Automotive
- Military
- Others
Competitive Landscape and Bullet Proof Glass Market Share Analysis
The bullet proof glass market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to bullet proof glass market.
Some of the major players operating in the bullet proof glass market are:
- Saint-Gobain (France)
- PPG Industries, Inc. (U.S.)
- AGC Inc. (Japan)
- Schott AG (Germany)
- Taiwan Glass Industry Corporation (Taiwan)
- Nippon Sheet Glass Co., Ltd. (Japan)
- Armortex (U.S.)
- Total Security Solutions (U.S.)
- Apogee Enterprises, Inc. (U.S.)
- Binswanger Glass (U.S.)
- Centigon (U.S.)
- Armassglass (Turkey)
- Stec Armour Glass (Malaysia)
- Total Security Solution (U.S.)
- D.W. Price Security (U.K.)
- Smartglass International (Ireland)
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