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Armor Materials Market Expected to Witness a Sustainable Growth over 2024

The report titled “Armor Materials Market” sheds a concentrated focus on the Armor Materials industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.

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The Armor Materials Market is estimated to grow from USD 10.7 Billion in 2019 to USD 15.2 Billion by 2024, at a CAGR of 7.2%.

 

Top Companies profiled in the Armor Materials Market:

  • DuPont de Nemours Inc (US)
  • Koninklijke DSM N.V (Netherlands)
  • Honeywell International Inc. (US)
  • 3M Company. (US)
  • Saab AB (Sweden)
  • Koninklijke Ten Cate BV (Netherlands)
  • Compagnie de Saint-Gobain SA (France)
  • Teijin Limited (Japan)
  • Tata Steel Limited (India)
  • Alcoa Inc. (US)
  • Allegheny Technologies Inc (US)

 

The ceramics segment is expected to witness the highest growth in terms of volume and value during the forecast period. Ceramic armor offers various advantages such as superior hardness, low weight, durability, design flexibility, and high resistance to creep and stress rupture at a temperature of up to 3,002. Ceramic armor is composed of ceramic and few fibers that withstand the blasts, and thus it is used in vehicles and body armors.

 

In terms of value, North America is the largest market for armor materials, followed by Europe and Asia Pacific. Asia Pacific is the fastest-growing armor materials market. North America is estimated to continue its investment in soldier security owing to the on-going modernization programs. The US military is undertaking many equipment upgrading programs, which will continue to increase the demand for armor materials in the region.

 

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Table of Contents:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Years Considered for the Study

1.5 Currency

1.6 Unit Considered

1.7 Stakeholders

 

2 Research Methodology

2.1 Research Data

2.1.1 Primary Data

2.1.2 Breakdown of Primary Interviews

2.1.3 Key Industry Insights

2.1.4 Secondary Data

2.2 Research Approach

2.3 Base Number Calculation

2.3.1 Market Calculation, By Application

2.3.2 Market Calculation, By Region

2.4 Market Size Estimation

2.4.1 Market Forecast

2.4.1.1 Armor Materials Market: Factors Considered for Estimation and Forecasting

2.5 Limitations

2.6 Assumptions

 

3 Executive Summary

 

4 Premium Insights

4.1 Significant Opportunities in the Armor Materials Market

4.2 Armor Materials Market in APAC, By Country and Application, 2018

4.3 Armor Materials Market, By Material Type

4.4 Armor Materials Market, By Key Countries

 

5 Market Overview

5.1 Introduction

5.1.1 Industrial Shift Analysis

5.1.1.1 Technology Trends

5.1.2 Active Protection Systems

5.1.2.1 Soft Kill Technology

5.1.2.2 Electro-Optical Jammers

5.1.2.3 Hard Kill Technology

5.1.3 Electric Armor

5.1.4 See-Through Armor (STA)

5.1.5 Adaptiv–Camouflage Systems

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increasing Security Concerns in Developing Countries

5.2.1.2 Growing Demand for Homeland Security

5.2.1.3 Development of Lethal Ammunition and Weapons

5.2.2 Restraints

5.2.2.1 Government Regulations

5.2.2.2 Failure to Provide Complete Protection

5.2.3 Opportunities

5.2.3.1 Military Modernization Programs

5.2.3.2 Need for Lightweight Armor

5.2.3.3 Changing Battlefield Scenario

5.2.4 Challenges

5.2.4.1 Development of Other Types of Armor

5.2.4.2 High Cost of Lightweight Armor Materials

5.3 Porter’s Five Forces Analysis

5.3.1 Threat of Substitutes

5.3.2 Threat of New Entrants

5.3.3 Bargaining Power of Suppliers

5.3.4 Bargaining Power of Buyers

5.3.5 Intensity of Competitive Rivalry

……More

 

List of Tables:

Table 1 Armor Materials Market Size, By Material Type, 2017–2024 (USD Million)

Table 2 Armor Materials Market Size, By Material Type, 2017–2024 (Kiloton)

Table 3 Leading Manufacturers of Metals & Alloys

Table 4 List of Metal Raw Materials Used in Defense Applications

Table 5 Metals & Alloys Market Size, By Region, 2017–2024 (USD Million)

Table 6 Metals & Alloys Market Size, By Region, 2017–2024 (Kiloton)

Table 7 Ceramics Market Size, By Region, 2017–2024 (USD Million)

Table 8 Ceramics Market Size, By Region, 2017–2024 (Kiloton)

Table 9 Composites Market Size, By Region, 2017–2024 (USD Million)

Table 10 Composites Market Size, By Region, 2017–2024 (Kiloton)

Table 11 Leading Companies Producing Para-Aramid Fibers

Table 12 Para-Aramid Fiber Market Size, By Region, 2017–2024 (USD Million)

Table 13 Para-Aramid Fiber Market Size, By Region, 2017–2024 (Kiloton)

Table 14 Leading Company Producing Uhmwpe Fibers

Table 15 Uhmwpe Market Size, By Region, 2017–2024 (USD Million)

Table 16 Uhmwpe Market Size, By Region, 2017–2024 (Kiloton)

Table 17 Leading Companies Producing Fiberglass

Table 18 Fiberglass Market Size, By Region, 2017–2024 (USD Million)

Table 19 Fiberglass Market Size, By Region, 2017–2024 (Kiloton)

Table 20 Other Armor Materials Market Size, By Region, 2017–2024 (USD Million)

…and More

 

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