Bulletproof Glass Market Trends and Segments Forecast To 2029

According to Precision Business Insights (PBI) latest report bulletproof market was valued at USD 7,453.8 million in 2022, growing at 8.2% CAGR from 2023 to 2029. The bullet proof glass market is driven by a rise in threats to public life and valuables. It is predicted that with the increasing need for safety in military equipment around the world, automotive industries expansion, rise in demand for luxury vehicles and increased threats to political leaders and famous personalities, the bulletproof glass market plays an important role in meeting the standard and needs of every country and its demand is expected to rise in the forecast period. The air force and naval industries' need for bulletproof glass, shatter resistant and one that can withstand pressure is increasing and are predicted to use bulletproof glass more frequently which drives the market value. The military and defense employ armory equipment, battle tanks, bulletproof glass in the viewports and windows of ground fields and aircraft have led to a surge in the opportunities of the bulletproof market. The bulletproof market is suspected to grow faster due to increased worries regarding safety and security for the public. Recently in 2022, the war between Russia and Ukraine boosted the bulletproof market tremendously. Additionally, items in military bases, jewelry or artifact stores and bank security have boosted the market tremendously. Growing research and development into making transparent armor more effective and efficient, increasing terrorism and crime rates, and increasing need for safety in government bodies, public safety and national border security has led to an increase in the market and is expected to burgeon in the forecast period.

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Automotive Industry Dominates the Bulletproof glass Market:
Based on the End-user industry Automotive industry is anticipated to dominate the market in the forecast years. The Automotive segment is expected to grow at a high CAGR during the forecast period Due to a rise in alarming rates in armed robberies, assaults and terrorism the global demand for bulletproof vehicles is increasing. Brands like Audi, BMW, Land Rover and other provides an in-house bullet-proofing option, its sales are recently skyrocketed based on the statistics. According to an estimate about 200,000 to 300,000 bullet-proofed vehicles circulate on the streets worldwide, with Brazil leading the market with the highest per capita number of bullets proofed vehicles in the world. Moreover, the VIP vehicles segment hold the largest share of the market for bulletproof glass. VIP vehicles, defence vehicles, combat vehicles, government vehicles and embassies are in increased demand and are expected to grow in the forecast years.

North America Leads Bulletproof Glass Market:
The bulletproof glass market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is growing at notable CAGR over the forecast years owing to the United States and Canada's crime rate, increased defense investment is on the peak. Asia Pacific bulletproof glass market is also anticipated to grow in the forecasted period owing to the growing demand from the end-user industries, increased government investments and awareness among people about self-safety increased crimes. Moreover, the increased crime and robbery rates in countries like Myanmar, Iran, Pakistan and Others. Also, the increased budget for defense like in the case of China with $224.8 billion for 2023 has boosted the market tremendously.
Strategic New Product Launches, Mergers,

Acquisitions, and Agreements are the key strategies adopted by market players:
Bulletproof Glass market further reveals that the key players increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In January 2023, Guardian Glass entered into an agreement to acquire Vortex Glass, a manufacturing business in Miami, Florida. The agreement between the two companies will provide customers with a full range of tempered glass products for residential and commercial applications, including offices, doors and glass balustrades., In August 2022, Bullet Guard announced its acquisition by Total Security Solutions (TSS), In April 2021, Ashok Leyland launched its "Light Bullet Proof Vehicles (LBPV)" an armoured vehicle to the Indian Air Force. LBPV is an adapted version of Lockheed Martin's (LM) CVNG (Common Vehicle Next Gen)

The Bulletproof glass market is segmented based on type, end-user industry, application, and geography.
Based on type, the market is segmented into the following:
• Solid Acrylic
• Traditional Laminated
• Polycarbonate
• Glass-clad Polycarbonate
• Ballistic insulated glass
• Other Types

Based on End-user Industry, the market is segmented into the following:
• Automotive
• Buildings and Construction
• Defence and Military
• Banking and Finance
• Other End-user Industries

Based on Application, the market is segmented into the following:
• Military and VIP vehicles
• ATM booths and Teller Stations
• Cash-in-transit
• Bank Security
• Commercial Buildings
• Government and law enforcement
• Jewellery and Retail shops

Based on Geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA
• Rest of MEA

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The key players in the bulletproof glass market report are Nippon Sheet Glass Co.Ltd, Total Security Solutions, CHOTT AG, China Specialty Glass AG, Consolidated Glass Holdings Inc, Asahi Glass Co. Ltd, Apogee Enterprises Inc, Saint-Gobain, AGC Inc, Smartglass International Limited, SCHOTT AG, CSG Holdings Co., Ltd, Armortex

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