The global armor materials market is projected to expand at a substantial CAGR during the forecast period. Armor materials are used as tools for protection against any impact of weapons or projectiles. The armor comprising of advanced fiber absorbs the impact of bullets by diffusing the energy across the large area of the armor. armor materials are used in multiple applications including body armors, aerospace, and vehicle.
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Market Trends, Drivers, Restraints, and Opportunities:
Increasing political unrest and instability and rising terrorism are fuelling the global armor materials market. For instance, political conflicts in countries such as Iraq and Syria are increasing the need for advanced armor. Growing investments in military and defense warfare and modernization in military programs are augmenting the growth of this market globally. Rising concerns regarding the security of civilians including government officials and reporters is propelling the growth of this market. Increasing expenditures on defense to enhance military vehicle performance to ward off external attacks are propelling the market growth. Aircraft security systems yielding high investments are expected to drive the market. Growing international terrorism and the utilization of high-tech weapons are creating opportunities in the market. High manufacturing costs and government regulation policies, in terms of production, restrains the market. Developing countries such as India, Russia, Brazil and China, because of rising conflicts and tension with neighboring countries are spending heavily on defense activities contributing to the growth of the market.
Armor Materials Market Segment Insights:
Ceramic products segment is projected to hold a significant share of the market
Based on types, the global armor materials market is projected to be segmented into metals & alloys, ceramics, composites, Para-Aramid fibers, UHMWPE, and fiberglass. The ceramics segment is anticipated to expand at a high CAGR during the forecast period due to their high performance and light weight. Ceramic-metal composites, tungsten carbide, and silicon carbide are widely used products. These products have a broad application and are used to produce armors for military personnel, gunships, land vehicles, and aircraft. These products, while being relatively light in weight, have the ability to offer high hardness and controlled micro-structures that ensure durability and performance. Furthermore, ceramics provide design flexibility and high resistance to stress. These factors are expected to boost the segment growth during the forecast period.
Vehicle segment holds substantial share
In terms of applications, the market is expected to be segregated into vehicle, aerospace, body, civil, and marine. The vehicle segment accounts for a dominant share of the market on account of rising concerns regarding the security of government officials and reporters. Additionally, increasing application of lightweight aluminum alloys in military vehicles such as personal carriers are fuelling the growth of the market.
North America dominates the global armor materials market
On the basis of regions, the global armor materials market is likely to be classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America holds a significant share of the market. The US is expected to constitute a key share of the market due to high military investments that are higher than every other country. Rising demand for applications regarding homeland security, development of advanced armor materials and making of systems for vehicles & aerospace are factors that can be attributed to the growth of the market in the U.S. Additionally, in the U.S., the Berry Amendment Act encourages the use of domestically manufactured products, comprising of armor materials, including fiber and steel; thereby, reinforcing the growth of the market in North America.
Competitive Analysis
The global armor materials market is highly competitive and fragmented with the presence of multiple manufacturers. Key players in the market include DSM NV, Royal TenCate NV, Alcoa Inc., CoorsTek Inc., Morgan Advanced Materials, CeramTec GmbH, Honeywell International Inc., Saint -Gobain SA, Du Pont, Saab AB, Tata Steel, AGY Holding Corp., PPG Industries Inc., 3M, KONINKLIJKE TEN CATE BV, and ATI.
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In this report, our team offers a comprehensive analysis of Armor Materials market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-armor-materials-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering • Du Pont• Tata• 3M• Honeywell• BaoTi• ATI Metals• FSSS• DSM• Alcoa Corporation• Saint-Gobain• Saab AB• Carpenter Technology• Cerco Corp• AGY Holding• Ceramtec• JPS Composite Materials• Coorstek• Leeco Steel• Waco Composites On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into • Metals & Alloys• Ceramics• Composites Fiber• Others By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into • Civilian Armor• Military Armor By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like • China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-armor-materials-market-2020-2026 Table of Contents Global Armor Materials Market Professional Survey Report 2019 1 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Metals & Alloys1.3.2 Ceramics1.3.3 Composites Fiber1.3.4 Others1.4 Application Overview1.4.1 Civilian Armor1.4.2 Military Armor1.5 Industrial Chain1.5.1 Armor Materials Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Metals & Alloys2.1.2 Ceramics2.1.3 Composites Fiber2.1.4 Others2.2 The Overall Market Performance(Value)2.2.1 Metals & Alloys2.2.2 Ceramics2.2.3 Composites Fiber2.2.4 Others 3 Global Armor Materials Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Civilian Armor3.3 Military Armor Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/chemicals-and-materials About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process.
The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
In this report, our team offers a comprehensive analysis of Armor Materials market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-armor-materials-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering • Du Pont• Tata• 3M• Honeywell• BaoTi• ATI Metals• FSSS• DSM• Alcoa Corporation• Saint-Gobain• Saab AB• Carpenter Technology• Cerco Corp• AGY Holding• Ceramtec• JPS Composite Materials• Coorstek• Leeco Steel• Waco Composites On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into • Metals & Alloys• Ceramics• Composites Fiber• Others By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into • Civilian Armor• Military Armor By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like • China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-armor-materials-market-2020-2026 Table of Contents Global Armor Materials Market Professional Survey Report 2019 1 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Metals & Alloys1.3.2 Ceramics1.3.3 Composites Fiber1.3.4 Others1.4 Application Overview1.4.1 Civilian Armor1.4.2 Military Armor1.5 Industrial Chain1.5.1 Armor Materials Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Metals & Alloys2.1.2 Ceramics2.1.3 Composites Fiber2.1.4 Others2.2 The Overall Market Performance(Value)2.2.1 Metals & Alloys2.2.2 Ceramics2.2.3 Composites Fiber2.2.4 Others 3 Global Armor Materials Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Civilian Armor3.3 Military Armor Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/chemicals-and-materials About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process.
The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
The report "Armor Materials Market by Type (Metals & Alloys, Ceramics, Composites, Para-Aramid Fibers, UHMWPE, Fiberglass), Application (Vehicle, Aerospace, Body, Civil, Marine), and Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2024" The armor materials market size was USD 10.7 billion in 2019 and is projected to reach USD 15.2 billion by 2024, at a CAGR of 7.2% from 2019 to 2024.Browse 118 market data Tables and 50 Figures spread through 187 Pages and in-depth TOC on "Armor Materials Market”♦ Speak To Analyst – https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=25444492Recent DevelopmentsIn June 2018, Dupont launched Tensylon HA120, a new material for helmets that provides maximum ballistic protection at a 40% lighter weight than traditional helmets.In March 2018, Honeywell has partnered with Safariland, LLC, a designer of body armor and tactical protective gear to develop a new design for its Spectra Shield ballistic protective material, which can reduce the weight of handheld shields by up to 20%.In May 2017, signed an agreement to provide more than 6,500 hearing protection devices for the US army.In February 2019, Saab has expanded its footprint in the aerospace ecosystem in India by signing new Memorandums of Understanding (MoUs) with three of the country’s leading aerospace manufacturers; Dynamatic Technologies Limited, CIM Tools Private Limited, and Sansera Engineering Limited.
The MoUs with CIM Tools and Sansera expand the existing working relationships between these two companies and Saab on commercial aerostructures, Gripen fighter, and other defense-related products in the Saab portfolio.By material type metal & alloys segment accounted for the largest market of armor materials market during the forecast periodMetal & Alloys care was the largest application of the armor materials market, in terms of value and volume, in 2018.
Metals such as high-density steel, aluminum, and titanium, along with their alloys, are used as armor materials for the vehicle, aerospace, and marine armor systems.
These armor materials procure special characteristics (robustness, strength, and toughness) by alloying, heat treatment, and working procedures, which enable them to fulfill different ballistic protection requirements.♦ Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=25444492By application the body armor segment to register the highest CAGR during the forecast periodBody armor segment is projected to grow at the highest CAGR in the armor materials market, in terms of value and volume, during the forecast period.
This growth is attributed to the increasing security concerns in the emerging economies and to provide protection to law enforcement and military personnel.
The rapid development of weapons and ammunition is also a driving factor for the growth of the body armor segment.Contact -Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA : +1-888-600-6441Email: [email protected] Our Website: https://www.marketsandmarkets.com/
In this report, our team offers a comprehensive analysis of Armor Materials market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-armor-materials-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• Du Pont• Tata• 3M• Honeywell• BaoTi• ATI Metals• FSSS• DSM• Alcoa Corporation• Saint-Gobain• Saab AB• Carpenter Technology• Cerco Corp• AGY Holding• Ceramtec• JPS Composite Materials• Coorstek• Leeco Steel• Waco Composites On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• Metals & Alloys• Ceramics• Composites Fiber• Others By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Civilian Armor• Military Armor By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-armor-materials-market-2020-2026 Table of Contents Global Armor Materials Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Metals & Alloys1.3.2 Ceramics1.3.3 Composites Fiber1.3.4 Others1.4 Application Overview1.4.1 Civilian Armor1.4.2 Military Armor1.5 Industrial Chain1.5.1 Armor Materials Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Metals & Alloys2.1.2 Ceramics2.1.3 Composites Fiber2.1.4 Others2.2 The Overall Market Performance(Value)2.2.1 Metals & Alloys2.2.2 Ceramics2.2.3 Composites Fiber2.2.4 Others 3 Global Armor Materials Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Civilian Armor3.3 Military Armor Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/chemicals-and-materials About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process.
The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
