The global bulletproof glass market is projected to grow from USD 3.56 billion in 2016 to USD 7.65 billion by 2022, at a CAGR of 13.6% from 2017 to 2022. Increasing automotive and commercial applications of bulletproof glass is expected to drive the bulletproof glass market. Increasing defense expenditure of emerging economies and growing terrorist attacks across the globe provide growth opportunities for the bulletproof glass market.

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The key players operating in the global bulletproof glass market are Asahi Glass Co., Ltd. (Japan), China Specialty Glass AG (China), American Glass Products (U.S.), Nippon Sheet Co., Ltd. (Japan), Guardian Glass (Thailand), 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.), National Glass (South Africa), ESG Group Ltd. (England) and Armassglass (Turkey).

Key market players focus on new product launches and expansions to cater to the demand for bulletproof glass across various applications. For instance, in 2017, American Glass Products established a new state-of-the-art facility in South America for the production of specialty glass.

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In March 2017, American Glass Products (U.S.) launched the next generation B33 with a unique combination of technology, elegance, lightness, and protection. This product is used in smartphones and tablets. It represents the most advanced technologies available in ballistic composites. This development strategy helped the company enhance its product portfolio in the bulletproof glass market.

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. Post the acquisition; the company changed its name to Dlubak Specialty Glass Corporation. This strategy helped Grey Mountain Partners enhance its presence in the bulletproof glass market.

This report provides a detailed analysis of the bulletproof glass market and segments the same based on end-user, application, and region. Based on end user, the market has been segmented as automotive, military, banking & finance, construction, and others. Based on application, the market has been segmented as defense & VIP vehicles, ATM booths & teller stations, cash-in-transit vehicles, commercial buildings, government & law enforcement, and others. On the basis of region, the market has been segmented as Asia-Pacific, Europe, North America, South & Central America, and the Middle East & Africa.

The global bulletproof glass market is projected to reach USD 7.65 billion by 2022, at a CAGR of 13.6% from 2017 to 2022. Increasing applications of bulletproof glass in the automotive sector are expected to drive the bulletproof glass market, globally. Increasing defense expenditures in some of the fastest-growing economies in the world and growing number of terrorist attacks across the globe are expected to have a significant impact on the growth of the bulletproof glass market in the coming years.

The automotive segment dominated the bulletproof glass market in 2016. In the automotive segment, armored vehicles are used by governments, embassies, banks, VIPs, and others for protection from ballistic or blast attacks. This growth can be attributed to the increased demand from Europe, North America, and Asia-Pacific. Increasing procurement of bulletproof glass by the automotive segment due to the rising incidences of civil unrest, terrorism, and armed conflicts is fueling the market growth.

Based on application, the defense & VIP vehicles segment is expected to grow at the highest CAGR during the forecast period, in terms of value and volume. The growth of the segment can be attributed to the increased defense spending, personal security, and procurement of bulletproof glass in the Asia-Pacific and the Middle East regions.

Among all regions, North America is anticipated to grow at the highest CAGR during the forecast period. The increasing use of bulletproof glass to ensure safety and security of VIPs, and officials of various embassies and governments, among others is expected to contribute towards the growth of the bulletproof glass market during the forecast period. Moreover, rising political disputes also result in increased consumption of bulletproof glass to ensure safety and security of VIPs and government officials.

Growing number of terrorist attacks across the globe and increasing defense expenditures of some of the fastest-growing economies like China, South Korea, and India are expected to provide a significant opportunity to the bulletproof glass market in the coming years.