Bulletproof Glass Market - By Security Levels (Security Level-1, Security Level-2, Security Level-3Security Level-4 to8, & others), By Application (Defense, VIP Vehicles, Government & Law Enforcement, Cash-In-Transit Vehicles, Commercial Buildings, ATM Booths & Teller Stations & Others), By End User (Automotive, Military, Construction, Banking & Finance & Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030

Bulletproof Glass Market size is forecast to reach $15.7 Billion by 2030, after growing at a CAGR of 13.7% during 2024-2030. Bulletproof glass is an armor which is transparent and offers its users high protection. The bullet-resistant products have become a primary necessity for safety problems in different industries. The demand for bullet-proof glass in the forecast is motivated by public safety and security issues. Further, increases the overall market demand during the forecast period. Continuous technological advancements play a pivotal role in reshaping the bulletproof glass market. Innovations in material science and manufacturing processes have led to the development of lighter, more transparent, and robust bullet-resistant glass solutions. Nanotechnology, for instance, is being harnessed to enhance the strength and ballistic resistance of the glass while maintaining optical clarity. Smart glass technologies, incorporating features like electrochromism, are emerging, providing dynamic transparency control. 

These advancements not only address security concerns but also cater to aesthetic and functional demands, driving the market's evolution toward more sophisticated, effective, and versatile bulletproof glass solutions. The bulletproof glass market is witnessing a notable trend towards the development of cost-effective solutions that provide enhanced security without compromising affordability. Technological advancements, efficient manufacturing processes, and innovative materials contribute to reducing production costs. This shift enables wider accessibility to bulletproof glass across various industries and applications, fostering market growth. As demand increases, manufacturers are emphasizing scalable and economically viable solutions, ensuring that security measures are not limited to high-budget projects. The quest for cost-effectiveness aligns intending to make bulletproof glass a practical choice for a broader range of users, promoting security on a more inclusive scale.

The “Bulletproof Glass Market Report – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Bulletproof Glass Industry. 

By Security Levels: Security Level-1, Security Level-2, Security Level-3Security Level-4 to8, and others.

By Application: Defense, VIP Vehicles, Government & Law Enforcement, Cash-In-Transit Vehicles, Commercial Buildings, ATM Booths & Teller Stations and Others.

By End User: Automotive, Military, Construction, Banking & Finance and Others.

By Geography: North America, South America, Europe, APAC, and RoW

• The reasons for demand growth are the government's initiatives to encourage bulletproof glass use and the proof glass manufacturer's heavy investment.

• A typical bulletproof glass consists of different layers of thermoplastics and laminated glass that form a dense bullet-proof crystal. When a bullet enters, the stresses associated with the impact the bullet creates on the glass can very easily be treated. Such bulletproof glasses have advanced characteristics as the preferred option in large numbers of military bases and other cars with blinds.

• Growth in the military segment will be guided by increasing the use of bulletproof glass in military installations, bomb disposal, mine detection and intelligence control, combat tanks, and infantry vehicles.

• The key trends found in the bullet-resistant glass market in India focus players on providing customer solutions for bulletproofing, collaborating with security organizations, and focusing on providing value-added goods that include additional features such as heat insulation/fireproofing and UV protection.

Defense segment has been the primary market for Bulletproof Glass for many years at a CAGR. Bullet-proof glasses are used to defend ballistic allies from all potential attacks. The military around the globe uses such transparent armor extensively. According to Visual Capitalist, the United States spend $877 billion on military spending in 2022, or over 40% of all military spending worldwide. Bulletproof lenses are constructed out of a thermoplastic film of laminated glass. The requisite degree of protection also defines the bullet-resistant glass thickness. Since the thicker, splinter and stronger bulletproof glass is faced with a greater threat from military vehicles than civil ones, it is designed to be mounted. In addition, structures such as cabinets with special bulletproof view windows have also been built. During the forecast period, all the above-mentioned factors should drive the bulletproof glass market.

Automotive segment has been the primary market for Bulletproof Glass for many years at a CAGR of 12.6%. Bullet-resistant glass is one of the most important components of a passenger armored vehicle; most shooters aim at the windows because they can see through it. The ballistic glass is made of highly resistant, optically advanced, and transparent materials which in combination can stop most of the bullets available in the world today. A combination of several layers of glass and avant-garde flexible, transparent materials provide for the best of optics and protection ranging from low-level hand-gun to high-power rifle ballistic protection. Unfortunately, bullet resistance, for both windshields and side windows, does come with a higher price tag than standard windshields and side windows, armored windows. It also makes a vehicle heavier. It is more expensive to manufacture and, if broken, more expensive to replace. These vehicles usually are retrofitted with bullet-resistant glass as factory installation by automobile manufacturers is extremely limited and generally reserved for luxury brands like Audi, BMW and Mercedes.

North America dominated the Bulletproof Glass Market share with more than 46%, followed by APAC and Europe. The U.S. is the biggest manufacturer of bulletproof glass and exporter. It also has a high military budget and is the main user of such glasses. As per NATO, the United States spent $1.537 trillion on the military in 2022, compared to the stated defense budget of $765.8 billion (OMB) and Canada's car registration numbers fell from 151144 in October 2023 to 143723 in November. One of the reasons for the high demand for bullet-proof glasses in the area is the rise in the number of robberies and burglaries in the US. Such factors, coupled with the public interest, contribute in the forecast period to growing demand in all the listed sectors for bullet-proofing glasses.

 

There is a growing need for safety and protection. Present criminal activity and terrorist attacks give the bulletproof glass market a great deal of growth. In many industries, such as banking, finance, construction, science, air traffic control, government and education, bullet-proof glasses are in great demand due to the rising security requirements. The key features of this development are the rise of crime terrorist attacks and vehicle developments to improve security. In addition, there was an evident growth in the demand for bulletproof glass in homeless spaces, government protection, the transport of valuable packages and so on.

The growth of the bulletproof glass market in India is expected to have a major effect on rising economic production and investment in defense as well as the growth of the construction, financial and automotive sectors. The automotive industry is India's largest end user of bullet-proof glass with more and more HNWIs opting for armored vehicles and the need for bullet-proof glass. Moreover, ongoing financial sector infrastructure developments are providing bullet-resistant glass manufacturers in India with numerous opportunities, as financing institutions are vulnerable to burglary and vandalism, particularly in rural regions.

In compliance with international standards of quality, high prices of raw materials, and low-cost imports from China, locally produced bullet-resistant glass are factors that would adversely hinder China's bullet-resistant market growth during the forecast period. The downward or stagnant Defense budgets depend on constraints on the growth of the bulletproof glass markets for the significant economies of the world, including Canada, the United States, the U.K., France, Germany, Japan and Italy.

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Bulletproof Glass Market. In 2023, the market of Bulletproof Glass has been consolidated by the top five players accounting for XX% of the share. Major players in the Bulletproof Glass Market are Asahi Glass Co., Ltd., Saint-Gobain S.A., Total Security Solutions, Smart Glass International Ltd., Armass Glass, Varna Group, Duratuf Glass, SVI Saudi Industries, Armitek, Kite Glass and among others.

• In January 2024, Armitek, a well-known manufacturer of state-of-the-art security products, is now offering Home Shield Glass®, the thinnest and lightest bulletproof glass for home protection, at a reasonable price.