BULLETPROOF SECURITY GLASS MARKET ANALYSIS

Bulletproof Security Glass MarketSize and Trends

Global Bulletproof Security Glass Market size was valued at US$ 7.64 Bn in 2022, exhibiting a compound annual growth rate (CAGR) of 14.8% from 2023 to 2030.

A Bulletproof Security Glass is a strong, optically transparent material that is highly resistant to projectile penetration. A Bulletproof Security Glass is also known as ballistic glass, transparent armor, or bullet-resistant glass. These glasses are built from a scope of materials, including acrylics, thermoplastics, polycarbonates, and even glass-clad polycarbonates, to give a fitting degree of security for a particular reason. One of the primary drivers of market expansion is the global rise in security concerns. Due to the rising number of incidents of theft and robbery as well as the rising threat of terrorist attacks, Bulletproof Security Glass is widely used to reduce the dangers to human life. As per a report published in The Atlanta Journal Constitution on May 19, 2023, an incident occurred in southeast Atlanta where an individual attempted to carry out an armed robbery at a convenience store. During the course of the robbery, the perpetrator discharged a firearm at the store but was unable to penetrate the bulletproof glass employed by the establishment. In line with this, the market is growing because of the expanding automotive industry and the rising demand for bulletproof security glass in high-end vehicles. In addition, the market is expanding in response to the introduction of cutting-edge Bulletproof Security Glass made of polycarbonate plastic, which is both flexible and durable and is layered with additional layers of tempered glass. The market's expansion is also being driven by the product's increasing use in military vehicles and guardhouses, which face a higher level of threat. In addition, the growth of the market is being positively influenced by the widespread use of Bulletproof Security Glass in financial institutions and banks, which are frequent targets of robbery due to their large amounts of valuables and money.

Global Bulletproof Security Glass market was valued at US$ 7.64 Billion in 2022 and is expected to reach US$ 22.99 Billion by 2030, exhibiting a CAGR of 14.8% between 2023 and 2030.