Persistence Market Research (PMR) has provided an exclusive analysis of global bulletproof security glass market. The main aim of this report is to offer exhaustive analysis and provide insights pertaining to the bulletproof security glass market. This report offers a comprehensive analysis of the global bulletproof security glass market in terms of market Volume (tonnes) & value (US$ Mn) and year-wise (Y-o-Y) growth in sales of bulletproof security glass according to application and end-use. For better understanding of market, report is loaded with analysis of factors such as drivers, trends, restraints, and their impact on the market dynamics. The report is segmented into three sections viz. by application, by end-use industry, and by region, to offer insights on the global Bulletproof Security Glass market.
Report description and market segmentation
The report on global bulletproof security glass market starts with executive summary and market introduction, which provide a complete view of the market. This section includes market view point, value chain analysis and forecast factors impact analysis. The section that follows analyses the global Bulletproof Security Glass market on the basis of its segments and presents forecast for the period of 2017-2025. On the basis of application, the global Bulletproof Security Glass market is segmented as under:
Second section include analysis of Bulletproof Security Glass market on the basis of end-use and it is segmented as
The following section i.e. region, includes analysis of the global bulletproof security glass market on the basis of five regions: North America, Latin America, Asia Pacific, Europe and Middle East and Africa
Last section of the report includes competitive landscape, which include market share analysis and provides information and analysis of companies based on categories of manufactures across the value chain and their presence in the global bulletproof security glass market.
Market volume is inferred through in-depth secondary research and validated from industry experts and key manufacturer/ solution providers through primary interviews. Each interview is thoroughly analyzed and average market volume is deduced and reconfirmed prior to incorporating in the report. For the market analysis, we have considered 2016 as base number with estimated new bulletproof security glass sale in 2017 and forecast is made for years 2018 to 2025. The market size is calculated with different type of bulletproof security glass and according to their selling prices in respective regions. Further, data point such as sales split, end-use split and regional split, along with qualitative inputs from the primary research are incorporated in order to provide precise market analysis. The forecast presented in this report estimates the total revenue that is projected to be generated across the bulletproof security glass market over forecast period (2017–2025).
In this report, we have conducted forecasts in terms of CAGR and analyzed market on the basis of Year-on-Year (Y-o-Y) growth in order to understand the behavior of the market and identify opportunities in bulletproof security glass market. Moreover, for better understanding of each segment growth, we have analyzed the global bulletproof security glass market in terms of absolute dollar opportunity and Basis Point Share (BPS), which provide in-depth information about potential resources and key trends involved in the bulletproof security glass market. Along with this, PMR used market attractive index that provides information about the performance and growth of each key segment in the global bulletproof security glass market.
Bulletproof Security glass as considered under the scope of the report include products produced using ballistic materials such as polycarbonate, glass-clad polycarbonate, acrylic, and thermoplastic that can withstand any damage form small projectiles and bullets. Bulletproof glass are also known as ballistic resistant glass, transparent armor etc.
The global bulletproof security glass market is estimated to be valued at US$ 2,801.9 Mn by 2017 end and is expected to reach US$ 5,641.4 Mn by the end of 2025, expanding at a CAGR of 9.1% over the forecast period. In terms of volume, the global bulletproof security glass market is estimated to reach 703,313 tonnes by 2025, exhibiting a volume CAGR of 8.9% over the forecast period.
Increasing crime rates and incidences of violence, assisting the demand for bulletproof security glass
Incidences of kidnapping, murder, burglary and attacks on public and private institutions has substantially increased in various countries over the recent past. Surge of such incidences raises security concerns, which in turn has been influencing these institutions to adopt enhanced security measures including installation of bullet-resistant glass at vulnerable places such as cash trucks, security outposts, and jewelry outlets.
Further, growing automotive sector and infrastructural development in the financial sector across the globe is creating significant opportunities for bulletproof security glass manufacturers.
Premium vehicles segment to register the highest value and volume CAGR among all application segments
On the basis of application, the global bulletproof security glass market is segmented into bank security glass, armored cash trucks, ATM booths, display case, residential building, premium vehicles and others. The premium vehicles segment is projected to grow at a high value CAGR of 11.2% and volume CAGR of 11.0% during the period of assessment.
The bank security glass segment expected to surpass other application segments by value
The use of bulletproof security glass in banks has been witnessing high growth since many years. The bank security glass segment is expected to largely contribute to the growth of the global market in terms of market value. In 2017, the bank security glass segment was valued at around US$ 1 Bn and is estimated to touch a valuation of more than US$ 2.5 Bn by the end of the year of assessment (2025). This segment is projected to grow at a value CAGR of 8.4% throughout the period of assessment (2017-2025).
ATM booths segment is projected to grow at a value CAGR of 9.2% during the period of assessment. This segment is estimated to reach a value of more than US$ 400 Mn by the end of the year of assessment from a valuation of around US$ 200 Mn in 2017.