$7.65 Billion Bulletproof Glass Market, 2022 - Focus on Defense & VIP Vehicles, Cash-in-Transit Vehicles & Commercial Buildings

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Research and Markets

11 Jul, 2017, 15:30 GMT

DUBLIN, July 11, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Bulletproof Glass Market by End User (Automotive, Military, Banking & Finance, Construction), Application (Defense & VIP Vehicles, Cash-in-Transit Vehicles, Commercial Buildings), Security Levels, and Region - Global Forecast to 2022" report to their offering.

The global bulletproof glass market is projected to reach USD 7.65 Billion by 2022, at a CAGR of 13.6% between 2017 and 2022.

The growth of this market can be attributed to the growing demand for bulletproof glass from the automotive and military end users.

The automotive segment led the global bulletproof glass market in 2016. The military segment is projected to witness highest growth from 2017 to 2022, due to the increasing usage of bulletproof glass in military bases, combat operations, and transportation of personnel, mine detection, bomb disposal, and Intelligence, Surveillance, and Reconnaissance (ISR), battle tanks, infantry fighting vehicles, armored personnel carriers, and tactical tanks.

Defense & VIP Vehicles was the largest segment of the bulletproof glass market in 2016. The defense & VIP vehicles segment includes combat vehicles, transportation of personnel, premier vehicles, VVIP vehicles, vehicles used by governments, embassies, and others for protection from ballistic or blast attacks. Some of the common armored vehicle products used in the defense sector include main battle tanks, infantry fighting vehicles, armored personnel carriers, and tactical tanks.

North America is projected to be the fastest-growing market. The U.S. is the largest consumer of bulletproof glass. The high demand for bulletproof glass from automotive, military, and construction segments is driving the market.

The declining or stagnant defense budgets of the major economies of the world, which include the U.S., Canada, the U.K., Germany, France, Italy, and Japan, among others, are expected to act as restraints to the growth of the bulletproof glass market, globally.

Key players operational in the bulletproof glass market include Asahi Glass Co., Ltd. (Japan), China Specialty Glass AG (China), Nippon Sheet Co., Ltd. (Japan), Saint-Gobain S.A. (France), Consolidated Glass Holdings, Inc. (U.S.), Total Security Solutions (U.S.), SCHOTT AG (Germany), D.W. Price Security (U.K.), Smartglass International Ltd. (Ireland), Apogee Enterprises, Inc. (U.S.), and National Glass (South Africa).

Market Dynamics

Drivers

  • Increasing Automotive And Commercial Applications of Bulletproof Glass
  • Militarization of the Law Enforcement Agencies of Different Countries 39

Restraints

  • Declining Defense Budgets of Developed Economies

Opportunities

  • Increasing Defense Expenditures of Emerging Economies
  • Growing Number of Terrorist Attacks Across the Globe
  • Increasing R&D Activities for the Development of Advanced Bulletproof Glass

Challenges

  • High Investments Required for Manufacturing And R&D of Bulletproof Glass

Companies Mentioned

  • American Glass Products
  • Apogee Enterprises, Inc.
  • Armassglass
  • Armortex
  • Asahi Glass Co., Ltd.
  • Binswanger Glass
  • Brite Glass Works Pvt. Ltd.
  • Centigon Security Group
  • China Specialty Glass Ag
  • Consolidated Glass Holdings, Inc.
  • D. W. Price Security
  • Esg Group Limited
  • Fuyao North America Incorporated
  • Guangdong Golden Glass Technologies Limited
  • Guardian Glass
  • Jeet & Jeet Glass And Chemicals Pvt. Ltd.
  • Laggar Industries Ltd.
  • National Glass
  • New Glass Technology
  • Nippon Sheet Co., Ltd.
  • Qufu Shenglu Bulletproof Glass Engineering Co., Ltd.
  • Saint-Gobain S.A.
  • Schott Ag
  • Smartglass International Limited
  • Taiwan Glass Ind. Corp
  • Total Security Solutions

For more information about this report visit https://www.researchandmarkets.com/research/n8rsft/bulletproof_glass

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