Steady growth of the global market for bulletproof security glass can be attributed to increased security concerns worldwide. Rising incidences of crime and terrorist attacks have increased deployment of modules that deliver safety and security. With this, growth of the global bulletproof security glass market is projected to generate revenues of worth US$ 2,000 million by the end of 2026, as forecasted by a new report available with Research Report Insights.
Bulletproof security glass finds application in multiple end-user industries including financial services, commercial services, institutional construction, residential construction, aviation industry and automotive industry among others. Based on the application in end- user industry, the bulletproof glass is used in the banks, ATM booth, armored cash trucks, residential buildings, premium vehicles and display cases. Thickness, weight, transparency, and level of bullet resistance are few of the prime prerequisites considered in the manufacturing of the bulletproof security glass.
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With the help of advanced manufacturing and processing technologies, manufacturer of bulletproof glass as well as providers of building materials have introduced a variety of entities. For instance, bulletproof glass manufacturers deliver different bullet resistant barrier systems that include bullet resistant transaction windows and doors, bullet resistant frames, and ballistic counters among others. All these bullet resistant systems are highly deployed in new construction projects of financial services, schools, vehicles and other crime prone locations.
The financial community remains dynamic due to consistent merger and acquisition activities and sometimes institution failures. However, integrations of one or more entities lead to prominent infrastructure changes in the financial institutions. As these institutes are prone to crimes and terrorist attacks, demand for bulletproof security glass has dramatically increased in this industry.
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According to the U.S. Census Bureau and the Department of Housing and Urban Development, the numbers of new residential construction have increased steadily in past decade in the United States. Owing to increased numbers of breaches and crimes, construction industry is adopting bulletproof security glass in the construction projects, particularly in different educational institutions as well as residential buildings. With the increasing numbers of construction projects, and intensified security concerns, bulletproof security glass are likely to witness steady demand in the construction industry.
Across the globe, terrorist attacks continues to generate concerns of human safety. Highly vulnerable regions to terrorist attacks such as Israel, Iraq and Syria, have witnessed incremental demand for bulletproof security glass in automotive as well as construction industries. Apart from these industries, military and defense sectors have also increased installation of bulletproof security glass.
Despite being a highly sought after material for security, bulletproof security glass may experience hindrance of adoption in automotive industry. Challenges to reduce the weight of bulletproof glass and increasing demand for light and fuel efficient vehicles do not support adoption of heavy bulletproof security glass. Further, stringent government regulations on the use of bulletproof security glass can obstruct utilization in specific world regions. For instance, the government of Philadelphia has passed a bill to regulate use of bulletproof security glass in different constructions.