Bulletproof Glass Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Bulletproof Glass Suppliers and the market is segmented by type (solid acrylic, traditional laminated, polycarbonate, glass-clad polycarbonate, and other types), end-user industry (defense, buildings and construction, automotive, and other end-user industries), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report offers market size and forecasts for bullet-proof glass in terms of value (USD million) for all the above segments.

Bulletproof Glass Market Size

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Bulletproof Glass Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 7.00 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

Bulletproof Glass Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Bulletproof Glass Market Analysis

Over the next five years, the market for bullet-proof glasses is expected to grow at a CAGR of over 7%.

The COVID-19 pandemic had a significant influence on the market for bullet-proof glass, owing to worldwide limitations that affected the automobile, building, and construction industries. But since 2021, the industries have grown faster, and the market is likely to keep going in the same direction during the forecast period.

  • The demand for bulletproof glass has gone up because countries like the United States, China, Saudi Arabia, and India are spending more on their military and doing more building and development.
  • On the contrary, high-end pricing of raw materials and, eventually, final products is expected to stifle market expansion.
  • Growing research and development into making transparent armor more effective and efficient acts as an opportunity for the future of the market.
  • North America represents the largest market for bulletproof glasses due to huge spending in the defense sector in the region and will continue to dominate during the forecast period.

Bulletproof Glass Market Trends

This section covers the major market trends shaping the Bullet-proof Glass Market according to our research experts:

Increasing Demand from Defense Sector to Dominate the Market

  • Bullet-proof glass is typically made up of numerous layers of laminated glass and a type of thermoplastic fused together to make what seems to be a single sheet of glass that can be several inches thick.
  • Transparent armor is widely employed by militaries all over the world. The thickness of the bullet-proof glass is also determined by the amount of security necessary. Military cars, for example, will confront a higher threat level than civilian vehicles, thus opting for thicker and better bullet-resistant glass.
  • According to the Stockholm International Peace Research Institute's (SIPRI) annual publication, global military spending will surpass USD 2 trillion for the first time in 2021, totaling approximately USD 2,113 billion.
  • The five largest spenders in 2021 will be the United States, China, India, the United Kingdom, and Russia, accounting for 62% of total spending. The total military spending by the United States in 2021 was estimated to reach close to $800 billion, the highest among all countries worldwide.
  • Russia has continuously increased its military spending on an annual basis as it builds up its forces along the Ukrainian border. The region's overall military expenditure for the first seven months of 2022 was roughly 3,676,522 million rubles (USD 5,302 million), accounting for approximately 24% of total budget expenditure up to July 2022.
  • With the increasing need for increased safety in military equipment around the world, the bullet-proof glass market plays an important role in meeting the needs and standards of every country. As a result, market demand is expected to rise during the forecast period.
Bulletproof Glass Market - Highest Military Spending, in USD Billion, Global, 2021

North America Region to Dominate the Market

  • The North American region controlled the global market share of bullet-proof glass. The United States is the world's top producer and exporter of bulletproof glass. It is also the leading consumer of these glasses due to the substantial military budget.
  • According to a World Bank report, North America's total military spending accounted for around 3.3% of the region's total GDP in 2021. This, though, represented a drop of about 8.5% when compared to the previous year's expenditure percentage, which was roughly 3.6%.
  • Defense spending in the United States will rise from USD 596 billion in 2014 to USD 915 billion by 2031, according to the Congressional Budget Office.The largest parts of the budget are dedicated to the Departments of the Navy and the Air Force.
  • In a statement, the US Department of Defense stated that the Biden-Harris Administration submitted to Congress a planned Fiscal Year (FY) 2023 budget request of USD 813.3 billion for national defense, of which USD 773 billion is for the Department of Defense (DoD). When compared to the FY 2022 budget, this budget request increased by 4%, or around USD 30 million.
  • In its annual budget for 2022, the Canadian government also said that a total of USD 8 billion would be spent on new technology and equipment for the Canadian Armed Forces.
  • According to the United States Census Bureau, the total spending in the construction sector during December 2022 in the US was USD 1,809.8 billion. On a year-over-year basis, the construction sector saw an increase of about 7.7% in December as compared to December 2021, when the total spending was USD 1,681.0 billion.
  • Overall, the bulletproof glass market in the region is expected to be driven by growing demand from end-user industries and government support during the forecast period.
Bulletproof Glass Market - Growth Rate by Region, 2023-2028

Bulletproof Glass Industry Overview

The global bullet-proof glass market is fragmented. The companies operating in the business include (in no particular order) Guardian Industries Holdings, Saint-Gobain, Armass Glass, Asahi India Glass Limited, and Binswanger Glass, among others.

Bulletproof Glass Market Leaders

  1. Saint-Gobain

  2. Asahi India Glass Limited

  3. Binswanger Glass

  4. Guardian Industries Holdings

  5. Armass glass

*Disclaimer: Major Players sorted in no particular order

Bulletproof Glass Market Concentration
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Bulletproof Glass Market News

  • January 2023: Asahi India Glass Limited announced its collaboration with Enormous Brands to create brand films for its complete doors and windows solutions brand, AIS Windows. With this collaboration, AIS Windows is aiming to make a large impact in the doors and windows segment.
  • January 2023: Guardian Glass signed an agreement to acquire Vortex Glass, a Miami, Florida, fabrication business. This transaction between the two companies will lead to providing customers with complete tempered glass packages for residential and commercial construction, including office partitions, shower doors, and glass railings.

Bulletproof Glass Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 High Military Spending

      2. 4.1.2 Increased Development and Construction Activity

    2. 4.2 Restraints

      1. 4.2.1 High-end pricing of Raw Materials

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Type

      1. 5.1.1 Solid Acrylic

      2. 5.1.2 Traditional Laminated

      3. 5.1.3 Polycarbonate

      4. 5.1.4 Glass-clad Polycarbonate

      5. 5.1.5 Other Types

    2. 5.2 End-user Industry

      1. 5.2.1 Automotive

      2. 5.2.2 Buildings and Construction

      3. 5.2.3 Defense

      4. 5.2.4 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%) ** /Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Asahi India Glass Limited

      2. 6.4.2 Armass glass

      3. 6.4.3 Armortex

      4. 6.4.4 Binswanger Glass

      5. 6.4.5 Centigon Security Group

      6. 6.4.6 Consolidated Glass Holdings, Inc.

      7. 6.4.7 Fuyao Glass America

      8. 6.4.8 Guangdong Golden Glass Technologies Limited

      9. 6.4.9 Guardian Industries Holdings

      10. 6.4.10 Nippon Sheet Glass Co. Ltd.

      11. 6.4.11 Saint-Gobain

      12. 6.4.12 SCHOTT AG

      13. 6.4.13 STEC ARMOUR GLASS

      14. 6.4.14 Taiwan Glass Ind. Corp.

      15. 6.4.15 Total Security Solutions

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Research and Development Activities

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Bulletproof Glass Industry Segmentation

Bulletproof glass, also known as ballistic glass, transparent armor, or bullet-resistant glass, is a strong and optically transparent substance that is highly resistant to projectile penetration. These glasses are constructed from a range of materials, including acrylics, thermoplastics, polycarbonates, and even glass-clad polycarbonates, to provide the appropriate level of protection for a specific purpose. The bullet-proof glass market is segmented by type, end-user industry, and geography. By type, the market is segmented into solid acrylic, traditional laminated, polycarbonate, glass-clad polycarbonate, and other types. By end-user industry, the market is segmented into defense, buildings and construction, automotive, and other end-user industries. The report also covers the market size and forecasts for the bullet-proof glass market in 15 countries across the globe. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).

Type
Solid Acrylic
Traditional Laminated
Polycarbonate
Glass-clad Polycarbonate
Other Types
End-user Industry
Automotive
Buildings and Construction
Defense
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Bulletproof Glass Market Research FAQs

The Bullet-proof Glass Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

Saint-Gobain , Asahi India Glass Limited , Binswanger Glass , Guardian Industries Holdings and Armass glass are the major companies operating in the Bullet-proof Glass Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Bullet-proof Glass Market.

The report covers the Bullet-proof Glass Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bullet-proof Glass Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Bulletproof Glass Industry Report

Statistics for the 2024 Bulletproof Glass market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bulletproof Glass analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Bulletproof Glass Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)