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The Armor Materials Market size was estimated at USD 15.75 billion in 2023, USD 16.91 billion in 2024, and is expected to grow at a CAGR of 7.65% to reach USD 26.40 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Armor materials are utilized as protective clothing against any influence of projectiles or other weapons. Advanced ceramics are broadly used to produce lightweight body armors that are efficient against bullets. The armor is made of advanced fiber known to absorb the impact of bullets by dispersing the energy across a large area of the armor. The rising need for lightweight armor material, increasing demand for armor materials in aerospace, military vehicles, and marine armor systems, and government investments are escalating the adoption of the armor materials market.
The advancement of lethal ammunition and weapons is further estimated to cushion the growth of the armor materials market. However, fluctuating prices of raw materials and concerns related to body armor mechanics and design may limit the market adoption by the end-user sector. In addition, the military modernization programs further provide potential opportunities for the growth of the armor materials market in the future.
Regional Insights
The Americas has a prominent landscape in the armor materials market owing to the rise in demand for homeland security applications and the creation of cutting-edge armor systems and materials for automobiles and aerospace. Additionally, the berry amendment acts in the U.S. for using domestically made goods and armor materials supported the expansion of regional growth. The United States is a prominent consumer of armor materials globally, owing to the highest military expenditure, and has the most significant military force globally. Asia-Pacific is a developing region in the armor materials market due to rising consumption from emerging economies.Also, the region's growing political and civil unrest has increased the demand for armor materials. Increasing terrorist threats and political tension between ISIS attacks in some of the Middle East and Europe countries are leading to an increase in counter-terrorist operations and preventive measures. Rising military expenditure for new product development and advancement in security-related products have increased the need for armor materials in the region.
Market Trends by Segment
- Material Type: Increasing utilization of Ultra-high molecular weight polyethylene due to its high wear resistivity
- Application: Rising need of armours from aerospace and marine sector
Industry Insights
- Market Dynamics
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
- FPNV Positioning Matrix
- Market Share Analysis
- Strategy Analysis and Recommendations
Recent Developments
DuPont announces Kevlar® EXO(TM), a groundbreaking next-generation aramid fiber
DuPont disclosed Kevlar EXO aramid fiber, the most significant aramid fiber new technology platform developed to serve endless applications where performance and protection are required amid intense and demanding conditions. Armor materials are in high demand as military and defense organizations continue to prioritize personnel protection. The armor materials market is a critical component of the broader defense industry and is expected to remain resilient in the face of economic uncertainty. As global security threats continue to evolve, the need for advanced armor materials only increases, making it an attractive area for investors looking to capitalize on this growth potential.MDT Armor from US wins contract to manufacture David 4x4 light armored vehicles for Israel
MDT Armor from the United States has been awarded a contract to manufacture David 4x4 light-armored vehicles for the Israeli military. This marks a significant achievement for MDT Armor, showcasing their expertise in the field of armor materials. This development is also a testament to the quality of armor materials produced by the United States. The David 4x4 light-armored vehicle is equipped with advanced features such as modular armor and an active protection system, ensuring maximum protection for the soldiers operating the vehicle. Overall, this contract represents a significant boon for the armor materials market, as it highlights the importance of high-quality armor materials in modern warfare.Angel Armor to showcase full product lineup at texas police chiefs association conference
As the demand for high-quality body armor continues to grow, companies such as Angel Armor are stepping up to meet the needs of law enforcement professionals across the country. Their full lineup of advanced armor materials is displayed at the upcoming Texas Police Chiefs Association Conference, showcasing their commitment to providing top-of-the-line protection to those who need it most. From ballistic inserts to vehicle armor, Angel Armor is committed to creating creative solutions that are both effective and reliable. As the industry continues to evolve, it's clear that companies, including Angel Armor, play an important role in keeping our law enforcement professionals safe and secure.Key Company Profiles
The report delves into recent significant developments in the Armor Materials Market, highlighting leading vendors and their innovative profiles. These include 3M Company, AGY Holding Corporation, Allegheny Technologies Incorporated, ArmorWorks, AVIENT Protective Materials B.V., BEIJING V-GREAT INTERNATIONAL TRADE CO., LTD., BHP Armor, CeramTec GmbH, Clifton Steel Company, Compagnie de Saint-Gobain S.A, CoorsTek, Inc., DuPont de Nemours, Inc., Guodun Armor Limited, HIGHCOM ARMOR SOLUTIONS, INC., Honeywell International Inc., Indian Armour Systems Pvt. Ltd., Koninklijke Ten Cate B.V, MARS Armor, MASADA ARMOUR SOY LTD., NP Aerospace, Paxis Ceramics, PPG Industries Inc., Rheinmetall AG, SafeGuard Armor., Schunk Ingenieurkeramik GmbH, Surface Armor LLC, Tata Steel Limited, Teijin Aramid B.V., and WhiteHorse R&D, Inc.This research report offers invaluable insights into various crucial aspects of the Armor Materials Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
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Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Armor Materials Market, by Material Type
7. Armor Materials Market, by Application
8. Americas Armor Materials Market
9. Asia-Pacific Armor Materials Market
10. Europe, Middle East & Africa Armor Materials Market
11. Competitive Landscape
12. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- 3M Company
- AGY Holding Corporation
- Allegheny Technologies Incorporated
- ArmorWorks
- AVIENT Protective Materials B.V.
- BEIJING V-GREAT INTERNATIONAL TRADE CO., LTD.
- BHP Armor
- CeramTec GmbH
- Clifton Steel Company
- Compagnie de Saint-Gobain S.A
- CoorsTek, Inc.
- DuPont de Nemours, Inc.
- Guodun Armor Limited
- HIGHCOM ARMOR SOLUTIONS, INC.
- Honeywell International Inc.
- Indian Armour Systems Pvt. Ltd.
- Koninklijke Ten Cate B.V
- MARS Armor
- MASADA ARMOUR SOY LTD.
- NP Aerospace
- Paxis Ceramics
- PPG Industries Inc.
- Rheinmetall AG
- SafeGuard Armor.
- Schunk Ingenieurkeramik GmbH
- Surface Armor LLC
- Tata Steel Limited
- Teijin Aramid B.V.
- WhiteHorse R&D, Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 183 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 16.91 Billion |
| Forecasted Market Value ( USD | $ 26.4 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 29 |
