Global Armor Materials Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global armor materials market in its upcoming report titled, “Global Armor Materials Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global armor materials market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global armor materials market report has been segmented on the basis of product type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Armor is used to deflect or absorb the impact of any type of projectile that may come towards the object. Armor materials are heat resistant, incredibly strong, light weight, and flexible. Traditionally armors were made using plates of metal and alloys. Currently, different types of synthetic fibers, Kevlar, ceramic material, etc. are used to made soft body panels for body armors as it provides protection to the wearer.
Increasing demand of advanced armor from defense and law enforcement sector is a major factor driving the growth of the global armor material market. Increasing security concerns coupled with rising terrorist activities globally are factors fueling the growth of the target market. Increasing adoption of new technologies and modernization of defense sector in developed and developing economies is also propelling the growth of the global market. Increasing need of protective gears to protect from the advance weapons and ammunitions also expected to expected to boost the growth of the global market over the forecast period.
However, government regulations on armors and high cost of armor material may hamper the growth of the global armor materials market over the forecast period.
Development of cost-effective lightweight armor can create higher revenue opportunities for players in the target market.
The market in North America accounts for largest market share in terms of revenue and is expected to maintain its dominance over the forecast period, owing to presence of large military budget spender countries in the region. The market in Asia Pacific is expected to account for a second-highest share in the market in terms of revenue over the forecast period, owing to increasing adoption of new armors for defense and law enforcement personnel. In addition, rising insurgency and terrorism in the region are also factors driving growth of the target market. The market in Middle East and Africa is expected to show a lucrative growth, due to political unrest in the region.
Global Armor Materials Market Segmentation:
Segmentation by product type:
- Para-aramid Fiber
- Ultra-high-molecular-weight polyethylene (UHMWPE, UHMW)
- Metals & Alloys
- Others (Composites, Graphene, etc.)
Segmentation by application:
- Body Armor
- Civil Armor
- Marine Armor
- Aerospace Armor
- Vehicle Armor
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- E.I. du Pont de Nemours and Company
- DSM NV
- Honeywell International Inc.
- Compagnie de Saint-Gobain S.A.
- Allegheny Technologies Incorporated
- Ceradyne, Inc.
- Alcoa Inc.
- Royal Ten Cate NV
- Saab AB
- CoorsTek, Inc.
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