Bulletproof Glass Market Key Profiles, Driver, Outlook & Competitive Landscape To 2026
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
Bulletproof Glass Market accounted for largest share in 2018
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. Furthermore, increasing defense expenditure as well as increasing research
and development activities for development of advanced bulletproof glass by the
U.S. government, followed by growth in segments such as infrastructure and
healthcare is also expected to spur demand for bulletproof glass during the
forecast period. According to Coherent Market Insights analysis, the U.S.
defense expenditure increased from US$ 521 Bn in 2017 to US$ 639 Bn in 2018,
which, in turn, is expected to drive demand for bulletproof security glass in
the next few years. Additionally, increasing number of armed robberies in the
U.S. is also expected to contribute to the growing demand for bulletproof glass
in the region, thereby augmenting the global bulletproof glass market growth.
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.
Key companies
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,
?i?ecam Group, Taiwan Glass Industry Corporation, SCHOTT AG, Phoenicia,
Scheuten, and Consolidated Glass Holdings, Inc. among others.
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