Bulletproof Glass Market: By Type (Solid Acrylic, Traditional Laminated, Polycarbonate, Glass-clad Polycarbonate, Ballistic Insulated Glass and Others), End-user Industry (Automotive, Buildings and Construction, Defense and Military, Banking and Finance, Others), Application (Military and VIP Vehicles, ATM booths and Teller Stations, Cash-in-transit, Bank Security, Commercial Buildings, Government and Law enforcement, Jewelry and Retail shops) and Geography

Bulletproof Market size was valued at USD 7,453.8 million in 2022 and is poised to grow at a CAGR of 8.2% from 2023-2029. Bulletproof Glass is made up of a different layer of polycarbonate plastics that is optically transparent and strong and particularly resistant to penetration by any projectile. It is made up of a combination of two or more soft and hard glasses. The softer layer makes it more elastic, so it flexes but doesn’t shatter, whereas the harder one makes it hold together. According to a study conducted in the UK, bulletproof glasses usage has increased significantly in the last five years from 7.5 million to 17 million. This huge increase is due to the increased crime trend during the recession. The most likely reason for the demand for bulletproof glass is the availability of handguns in society that are used for self-defense. The ever-increasing safety concerns, increased terrorist attacks, and crime rates in stadiums and arenas, convenience stores and gas station, financial institutions, lodging facilities, and school are some factors that lead to the increase in the level of the bulletproof glass market. With the increased need for increased safety in military equipment worldwide, the bulletproof market plays a vital role in meeting the needs and standards of every country. However, the COVID-19 pandemic disrupted the import and export of the bulletproof glass market. Other than that, the declining defense budget of some countries, the higher price of raw material, and difficulty in their installation has affected the bulletproof glass market negatively. However, strong demand from retail shops, banks, military, government bodies, and liquor stores has led to a tremendous increase in the bulletproof market post-pandemic and is expected to burgeon the market in the forecast years.

Bullet Proof Glass Market Key Developments:

• In January 2023, Asahi India Glass Limited announced a partnership with Enormous Brands to produce films for AIS Windows, a brand of complete window and door solutions. Through this partnership, AIS Windows aims to make a significant impact on windows and doors.
• 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)
• In March 2019, Austin Senate announced an investment of $100 Million for bulletproof glass, for school security.