Armor Materials Market Size, Analysis, Share & Forecast 2031
Armor Materials Market Size, Analysis, Share & Forecast 2031
Segments - Global Armor Materials Market by Types (Metals & Alloys, Ceramics, Composites, Para-Aramid Fibers, UHMWPE, and Fiberglass), Applications (Vehicle, Aerospace, Body, Civil, and Marine), and Regions (Europe, North America, Latin America, Asia Pacific, and Middle East & Africa), Market Analysis Forecast, 2023-2031
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| Report ID :MC-172
| 4.9 Rating
| 74 Reviews
| 148 Pages
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Report Description
Armor Materials Market Outlook 2031
The global armor materials market size was USD 11.73 Billion in 2022 and is projected to reach USD 20.85 Billion by 2031 expand at a substantial CAGR 6.6% during the forecast period, 2023 to 2031. 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.
Armor Materials 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.
Scope of The Armor Materials Market Report:
The report on global advanced energy market includes an assessment of the market, size, share, trends, segments, and regional markets.
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Attributes |
Details |
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Report Title |
Armor Materials Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
By Types (Metals & Alloys, Ceramics, Composites, Para-Aramid Fibers, UHMWPE, Fiberglass) By Applications (Vehicle, Aerospace, Body, Civil, Marine) |
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Regional Scope |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
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. |
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.
Segments
By Types
- Metals & Alloys
- Ceramics
- Composites
- Para-Aramid Fibers
- UHMWPE
- Fiberglass
By Applications
- Vehicle
- Aerospace
- Body
- Civil
- Marine
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
Key Players
- 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
- ATI
Competitive Landscape
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.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Armor Materials Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Armor Materials Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Armor Materials Market - Supply Chain
4.5. Global Armor Materials Market Forecast
4.5.1. Armor Materials Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Armor Materials Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Armor Materials Market Absolute $ Opportunity
5. Global Armor Materials Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Armor Materials Market Size and Volume Forecast by Types
5.3.1. Metals & Alloys
5.3.2. Ceramics
5.3.3. Composites
5.3.4. Para-Aramid Fibers
5.3.5. UHMWPE
5.3.6. Fiberglass
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Armor Materials Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Armor Materials Market Size and Volume Forecast by Applications
6.3.1. Vehicle
6.3.2. Aerospace
6.3.3. Body
6.3.4. Civil
6.3.5. Marine
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Armor Materials Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Armor Materials Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Armor Materials Demand Share Forecast, 2019-2026
8. North America Armor Materials Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Armor Materials Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Armor Materials Market Size and Volume Forecast by Types
8.4.1. Metals & Alloys
8.4.2. Ceramics
8.4.3. Composites
8.4.4. Para-Aramid Fibers
8.4.5. UHMWPE
8.4.6. Fiberglass
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Armor Materials Market Size and Volume Forecast by Applications
8.7.1. Vehicle
8.7.2. Aerospace
8.7.3. Body
8.7.4. Civil
8.7.5. Marine
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Armor Materials Demand Share Forecast, 2019-2026
9. Latin America Armor Materials Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Armor Materials Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Armor Materials Market Size and Volume Forecast by Types
9.4.1. Metals & Alloys
9.4.2. Ceramics
9.4.3. Composites
9.4.4. Para-Aramid Fibers
9.4.5. UHMWPE
9.4.6. Fiberglass
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Armor Materials Market Size and Volume Forecast by Applications
9.7.1. Vehicle
9.7.2. Aerospace
9.7.3. Body
9.7.4. Civil
9.7.5. Marine
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Armor Materials Demand Share Forecast, 2019-2026
10. Europe Armor Materials Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Armor Materials Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Armor Materials Market Size and Volume Forecast by Types
10.4.1. Metals & Alloys
10.4.2. Ceramics
10.4.3. Composites
10.4.4. Para-Aramid Fibers
10.4.5. UHMWPE
10.4.6. Fiberglass
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Armor Materials Market Size and Volume Forecast by Applications
10.7.1. Vehicle
10.7.2. Aerospace
10.7.3. Body
10.7.4. Civil
10.7.5. Marine
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Armor Materials Demand Share Forecast, 2019-2026
11. Asia Pacific Armor Materials Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Armor Materials Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Armor Materials Market Size and Volume Forecast by Types
11.4.1. Metals & Alloys
11.4.2. Ceramics
11.4.3. Composites
11.4.4. Para-Aramid Fibers
11.4.5. UHMWPE
11.4.6. Fiberglass
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Armor Materials Market Size and Volume Forecast by Applications
11.7.1. Vehicle
11.7.2. Aerospace
11.7.3. Body
11.7.4. Civil
11.7.5. Marine
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Armor Materials Demand Share Forecast, 2019-2026
12. Middle East & Africa Armor Materials Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Armor Materials Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Armor Materials Market Size and Volume Forecast by Types
12.4.1. Metals & Alloys
12.4.2. Ceramics
12.4.3. Composites
12.4.4. Para-Aramid Fibers
12.4.5. UHMWPE
12.4.6. Fiberglass
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Armor Materials Market Size and Volume Forecast by Applications
12.7.1. Vehicle
12.7.2. Aerospace
12.7.3. Body
12.7.4. Civil
12.7.5. Marine
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Armor Materials Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Armor Materials Market: Market Share Analysis
13.2. Armor Materials Distributors and Customers
13.3. Armor Materials Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Methodology
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