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The size of the armor materials market was estimated at 11.19 billion USD in 2022. By 2030, the market for armor materials is anticipated to develop from USD 12.30 billion in 2023 to USD 20.17 billion, expanding at a cumulative annual growth rate (CAGR) of 7.80%. The primary factors boosting market growth include increased military and defense spending as well as rising need for homeland security.
Armor materials are regularly used to protect soldiers in battle and minimize the force of approaching weapons and projectiles. Additionally, the device is widely used to protect military vehicles from missiles, bullets, and shrapnel, which is promoting market expansion. Numerous product developments, such as the introduction of lightweight armour materials that are extremely flexible and sustainable and provide consumers with enhanced protection, are leading to the market's expansion.
Armor Materials are specialized substances with the capacity to deflect or withstand the force of projectiles. There are many different types of armor materials on the market, and producers are vying hard to create strong, lightweight armor materials. Being able to carry extra ammo or other useful equipment with military troops is made possible by the use of lightweight and efficient armor materials.
As a result of growing safety concerns, military and security spending has been steadily rising over the world. In developing nations, political unrest and internal strife have raised the demand for armor materials for security forces. The need for armor materials is also being fueled by regional conflicts around the world, including the one between India and Pakistan. In addition, there are more terrorist attacks occurring globally, which has prompted worries about security. Governments are investing a lot of money in peacekeepers' and their own citizens' security.
The market for armor materials is primarily being driven by rising demand from the defense and security industries. This market is expanding as a result of the demand for high-tech armor materials to defend against ballistic, explosive, and other threats to personnel, vehicles, and critical infrastructure. The need for armor materials has increased as a result of the growth in geopolitical tensions, notably in areas like the Middle East and Asia Pacific. In order to defend against prospective threats, nations are increasing their defense spending and investing in cutting-edge armor systems.
The country's security system is directly impacted by the global demand for armor materials. As a result, there are severe rules from the government authorities that apply to both the production and consumption of armor materials. This is done to strengthen and safeguard the value and supply chains for these minerals. Additionally, there are stringent rules governing the safety, effectiveness, and quality standards for the armor materials business. For small and medium-sized businesses in particular, complying with these laws can be difficult, which may restrict their ability to enter the market.
This report on the armor materials market details recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the effects of domestic and localized market participants, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographical information.
Report Coverage
Global Armor Materials research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Armor Materials report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Armor Materials competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Armor Materials market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Armor Materials market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Armor Materials market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
DuPont, DSM, Honeywell International Inc., 3M, Saab AB, Koninklijke Ten Cate bv, Saint-Gobain, Teijin Aramid B.V., Tata Steel, Alcoa Corporation, ATI., CeramTec Group, CoorsTek Inc., Morgan Advanced Materials, CerCo Corporation, AGY, PPG Industries, Inc., Safariland, LLC, Leeco Steel LLC, ArmorWorks, DuPont de Nemours, Inc (US), SSAB AB (Sweden), among others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Armor Materials market based on the below-mentioned segments:
Global Armor Materials Market, By Type
Metals & Alloys
Composites
Para-Aramid Fiber
UHMWPE
Fiberglass
Others
Global Armor Materials market, By Application
Vehicle Armor
Aerospace Armor
Body Armor
Civil Armor
Marine Armor
Global Armor Materials market, Regional Analysis
Armor materials are regularly used to protect soldiers in battle and minimize the force of approaching weapons and projectiles. Additionally, the device is widely used to protect military vehicles from missiles, bullets, and shrapnel, which is promoting market expansion. Numerous product developments, such as the introduction of lightweight armour materials that are extremely flexible and sustainable and provide consumers with enhanced protection, are leading to the market's expansion.
Armor Materials are specialized substances with the capacity to deflect or withstand the force of projectiles. There are many different types of armor materials on the market, and producers are vying hard to create strong, lightweight armor materials. Being able to carry extra ammo or other useful equipment with military troops is made possible by the use of lightweight and efficient armor materials.
As a result of growing safety concerns, military and security spending has been steadily rising over the world. In developing nations, political unrest and internal strife have raised the demand for armor materials for security forces. The need for armor materials is also being fueled by regional conflicts around the world, including the one between India and Pakistan. In addition, there are more terrorist attacks occurring globally, which has prompted worries about security. Governments are investing a lot of money in peacekeepers' and their own citizens' security.
The market for armor materials is primarily being driven by rising demand from the defense and security industries. This market is expanding as a result of the demand for high-tech armor materials to defend against ballistic, explosive, and other threats to personnel, vehicles, and critical infrastructure. The need for armor materials has increased as a result of the growth in geopolitical tensions, notably in areas like the Middle East and Asia Pacific. In order to defend against prospective threats, nations are increasing their defense spending and investing in cutting-edge armor systems.
The country's security system is directly impacted by the global demand for armor materials. As a result, there are severe rules from the government authorities that apply to both the production and consumption of armor materials. This is done to strengthen and safeguard the value and supply chains for these minerals. Additionally, there are stringent rules governing the safety, effectiveness, and quality standards for the armor materials business. For small and medium-sized businesses in particular, complying with these laws can be difficult, which may restrict their ability to enter the market.
This report on the armor materials market details recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the effects of domestic and localized market participants, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographical information.
Report Coverage
Global Armor Materials research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Armor Materials report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Armor Materials competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Armor Materials market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | DuPont, DSM, Honeywell International Inc., 3M, Saab AB, Koninklijke Ten Cate bv, Saint-Gobain, Teijin Aramid B.V., Tata Steel, Alcoa Corporation, ATI., CeramTec Group, CoorsTek Inc., Morgan Advanced Materials, CerCo Corporation, AGY, PPG Industries, Inc., Safariland, LLC, Leeco Steel LLC, ArmorWorks, DuPont de Nemours, Inc (US), SSAB AB (Sweden), among others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Armor Materials Market from 2021 to 2030.
- Market Forecast for Armor Materials Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Armor Materials competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Armor Materials
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Armor Materials market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Armor Materials market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
DuPont, DSM, Honeywell International Inc., 3M, Saab AB, Koninklijke Ten Cate bv, Saint-Gobain, Teijin Aramid B.V., Tata Steel, Alcoa Corporation, ATI., CeramTec Group, CoorsTek Inc., Morgan Advanced Materials, CerCo Corporation, AGY, PPG Industries, Inc., Safariland, LLC, Leeco Steel LLC, ArmorWorks, DuPont de Nemours, Inc (US), SSAB AB (Sweden), among others.
Primary Target Market
- Market Players of Armor Materials
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Armor Materials market based on the below-mentioned segments:
Global Armor Materials Market, By Type
Metals & Alloys
Composites
Para-Aramid Fiber
UHMWPE
Fiberglass
Others
Global Armor Materials market, By Application
Vehicle Armor
Aerospace Armor
Body Armor
Civil Armor
Marine Armor
Global Armor Materials market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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