The global market for the Armor Materials is anticipated to develop at a compound annual growth rate (CAGR) of 6.6 % throughout the course of the forecast, to reach USD 4.1 billion by 2030.
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"The Global Armor Materials Market 2020-2030 (USD Billion)")
The global armor material market accounted for a market revenue of USD 10.3 billion in the year 2019 and is projected to grow at a CAGR of 7% over the forecast period. The security cover used by nations for their troops and weapons in the battle officially refers to Armor. These armors consist of high hardness and low lightweight materials. Due to increasing concerns about home protection and demand for body armor and advanced weapons for the survival of soldiers the armoury market is expected to rise in the predicted timeframe.
Various world-wide manufacturers are involved in the development and refinement of armor materials. Many companies work actively to produce lightest and longest-lasting armor materials. The difference between life and death may be a difference in the weight of the vest 1 kg or less in the desert climate. An additional litre of water, food or other ammunition may be carried by the soldier. High manufacturing costs of defense materials are, however, impeding the demand development of armor products.
Armor Materials Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 4.1 billion |
| Growth Rate | CAGR of 6.6% during 2020-2030 |
| Segment Covered | Protection, End User, Product, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | DuPont, DSM NV, Honeywell International Inc., Compagnie de Saint-Gobain SA, Allegheny Technologies Incorporated, Ceradyne, Inc., Alcoa Corporation, Royal TenCate NV, Saab AB, CoorsTek Inc., Morgan Advanced Materials, CeramTec GmbH, Tata Steel Limited, AGY Holding Corp., PPG Industries Inc. |
Key Segment Of The Armor Materials Market
Protection, (USD Billion)
• Level II
• Level IIA
• Level III
• Level IIIA
• Level IV
End-user, (USD Billion)
• Defence
• Law Enforcement & Security Personnel
• Civilians
Product Type, (USD Billion)
• Vest
• Helmets
• Others
Product Style, (USD Billion)
• Covert
• Overt
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The application of the armor materials market Vehicle Armor, Aerospace Armor, Body Armor, Civil Armor, Marine Armor
The armor materials market is growing at a CAGR of 6.6% over the forecast period.
To get latest version of armor materials market report can be obtained on demand from the website.
The main players of the market of armorial materials will experience growth opportunities in the forecast period during high investments in aviation safety systems and defense budgets. Such advanced technologies could avoid assaults by knives and others and lead to light body armour which would deter both kinetic and stab threats. Armors have long been used throughout history in the military, but are gradually being used in the public sector too with passing time. The shield is widely used today around the globe in several different areas.
In terms of material type the global armor materials market is segmented into metals & alloys, ceramics & composites, para-aramid fiber, ultra-high-molecular-weight polyethylene, fiberglass, and others. Similarly, in terms of application the global market is segmented into vehicle armor, aerospace armor, body armor, civil armor and marine armor.
In terms of geography, the global Armor Materials is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is projected to lead the global market owing to advancement in the technology and presence of key industrial players. Asia Pacific is projected to witness highest growth over the forecast period. The rising instability in the region and internal conflict are also driving the region's armor materials demand. For certain nations, internal wars often raise the need for ammunitions for order to ensure national security. This adds to a desire for protection.
Key players include DuPont, DSM NV, Honeywell International Inc., Compagnie de Saint-Gobain SA, Allegheny Technologies Incorporated, Ceradyne, Inc., Alcoa Corporation, Royal TenCate NV, Saab AB, CoorsTek Inc., Morgan Advanced Materials, CeramTec GmbH, Tata Steel Limited, AGY Holding Corp., PPG Industries Inc.