Armor Materials Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Report ID: GMI2797
Armor Materials Market size is expected to grow with a considerable CAGR during the projected timeperiod due to the increasing focus on the survivability of the soldiers in various defense organizations. The lack of ballistic protection and continuous rise in modern artillery technologies and equipments will surely augment the market for protection materials. Armors are basically of two types i.e. personal armor, used to protect soldiers & war animals and vehicle armor, used on warships and armored fighting vehicles. Even transporting defense personnels or any crucial merchandise require armored vehicles for the safe travel to the destination. Many new protective materials have been introduced to make the armor lightweight and impenetrable. The Future Integrated Soldier Technology (or FIST), a project by British Army is likely to drive the armor materials market. The aim is to improve the regiment’s battle effectiveness by integrating a soldier with all kinds of modern equipments, weapons, sighting systems and defense materials.
Armor materials market is regulated by various standards and acts governed by three regulatory bodies which are Underwriters Laboratories (UL India), National Institute of Justice (NIJ) and United States Department of Defense (DoD). These regulations are led down to check the impenetrability & quality of the body armor and to control the possession of the armor through Body Armor Control Act and Body Armor Possession Act 2015.
The armor material market may face some hindrances owing to the recent economical recession which has lowered the military spendings in the emerging countries. Countries including the UK, Germany and Russia have witnessed cutback in the defense funds due to the macroeconomic circumstances and recent financial crisis. Nevertheless, the increasing anti-nationalist activities and terrorist activities have led to the ceaseless implementation for law and defense enforcement safety applications.
Based on materials, armor materials market size is segmented into composite fabrics, para-aramid fibers, UHMWPE, ceramics, fiberglass and other armor materials. UHMWPE is a subcategory of thermoplastic polyethylene. The material has long chemical chains that makes it a sturdy material with high impact strength. It possesses excellent abrasion resistance property. UHMWPE rifle protection plates are one of the most lightweight rifle plates present in the market. These plates stop almost 6 rounds of 7.62 x 51, 7.62 x 39 and 5.56 full metal jacket bullets. It provides high ballistic resistance and durable performance which will augment the armor material market in the near future.
According to its applications, the armor materials market is divided into body armor, vehicle armor, civil armor, aerospace armor and marine armor. Vehicle armors are protection materials used externally to safeguard the vehicle from any mishappenings. These armors are applied in various sorts of vehicles used by the military, reporters, government officials, VIPs etc. The presidential limousine for the U.S. president (Cadillac One) is a perfect example for the same. It consists of bulletproof glass, run flat tires, night vision, armored fuel tank and many other defensive properties. The growth in counter terrorism security measures will boost the protection materials market.
The armor materials market size has huge opportunities for growing in the Asia-Pacific. The large-scale urbanization activities on going in the region and growing border disputes would become a boon for the armor materials market. For instance, South Korea is under imminent danger from North Korea from its continuous nuclear threats, that instantly demands better personal protection and weapons for the national army. The rising need for distributing personal protection armors to the army in the Asia Pacific region, along with regular investments from the government for obtaining high end ammunitions and protection equipment are likely to propel the armor material market size.
Armor materials market size share is commanded by various defense manufacturing players. Some of the key players involved in the business are Du Pont, 3M, Honeywell International, Saab AB, DSM NV, Tata Steel Limited, Tencate NV, Allegheny Technologies, Saint Gobain, Alcoa Corporation, ATI, Craig International Ballistics Pty Ltd., Pacific Safety Products, Point Blank Enterprises and JPS Composite Materials.
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Why Global Market Insights, Inc.?
- GMI is unparalleled when to comes to the quality of research and information provided to clients. Our unique methodology is designed to ensure a minimum of 90% accuracy to give our clients excellent value on their investment.
Over 200 experts are available across various time-zones, ready to serve clients for their research needs. Our industry experts help clients to design reports customized to their needs.
An interactive business analytics platform; designed to assist clients in accessing and analyzing market data on real-time basis.Start Your Free Trial