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Bulletproof glass market will grow with a CAGR of 13.4% all the way to 2024

Industrial Market Research

Bulletproof glasses are constructed using layers of various laminated glasses. Experts believe that more the layers, higher is the protection. 

The Global Bulletproof Glass Market accounted for USD 3.5 billion in 2016 and is projected to grow at a CAGR of 13.4% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Market Definition: Global Bulletproof Glass Market

Bulletproof glasses are used in residential construction, commercial facilities, financial institutions, and transaction products. The military segment witnesses the major use of bulletproof glasses.

Major Market Drivers: 

  • Increasing sales of luxury cars
  • Militarization of the law enforcement agencies of different countries
  • Increasing automotive and commercial applications of bulletproof glass

Market Restraint: 

  • Declining defense budgets of developed economies

The market is segmented on the basis of security levels into security level 1, security level 2, security level 3, and security level 4 to 8.

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On the basis of application, the market is segmented into government & law enforcements, defense & VIP vehicles, ATM booths & teller stations, cash-in-transit vehicles, commercial buildings, others. Defense & VIP vehicles segment is expected to witness the highest demand from the automotive sector over the forecast period.

On the basis of end users, the market is segmented into construction, automotive, banking & finance, military, and others.

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On the basis of geography, the bulletproof glass market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

In 2017, Asia-Pacific is expected to dominate the market.

Major Market Competitors: Global Steel Rebar Market

Major Market Players in the Market:

  • Asahi Glass Co., Ltd
  • China Specialty Glass AG
  • Nippon Sheet Co., Ltd.
  • National Glass
  • Apogee Enterprises, Inc.
  • D.W. Price Security
  • Saint-Gobain S.A.
  • Consolidated Glass Holdings, Inc.

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