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Armor Materials Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2024 – 2032

  • Report ID: GMI2797

Armor Materials Market Size

Armor Materials Market is expected to record significant growth over 2024 and 2032, driven by rising security threats and geopolitical tensions. For instance, as per an EY report, in 2024, artificial intelligence and ocean-related concerns will drive geopolitical competition and regulatory changes. As a result, there is a growing emphasis on the development and deployment of innovative armor materials capable of providing enhanced protection and survivability in diverse operational environments.

Armor Materials Market Trends

The trend towards sustainability and environmental responsibility in the armor materials industry reflects a growing recognition of the need to minimize the environmental impact of defense and security operations. For instance, a BCG report states that defense industry's CO2 emissions may rise from 2% to 25% of the global total by 2050. Manufacturers are thereby adopting eco-friendly materials and production processes, such as recycled and bio-based materials, to reduce carbon footprint and address regulatory requirements. By embracing sustainable practices, the industry aims to mitigate environmental harm while meeting the growing demand for protective solutions from the military forces and government.

Armor Materials Market Analysis

Ultra-high molecular weight polyethylene (UHMWPE) material segment is poised to grow substantially over 2024-2032, as it offers exceptional strength-to-weight ratio, high impact resistance, and flexibility, making it an ideal choice for lightweight and flexible armor solutions. UHMWPE-based armor materials are used in the manufacturing of ballistic vests, helmets, and vehicle armor plates due to their superior ballistic performance and durability, thereby inducing segment growth.

Vehicle armor application segment is anticipated to generate significant demand in the market through 2032, driven by the increasing threats of asymmetric warfare, terrorism, and insurgency. This has led to a growing need for armored vehicles capable of providing protection to military personnel and assets against ballistic and blast threats. Armor materials such as ceramics, steel, and composite laminates are widely used in the manufacturing of vehicle armor plates, providing superior protection while minimizing weight and space constraints.

Asia Pacific armor materials market is poised to showcase a decent growth till 2032, driven by increasing defense budgets, geopolitical tensions, and the modernization of military forces in countries like China, India, and South Korea. Rising security concerns, coupled with ongoing territorial disputes and regional conflicts, are fueling the demand for advanced armor materials and technologies in the region. Additionally, the growing focus on counter-terrorism operations, border security, and internal security threats is driving the adoption of armored vehicles and PPE across various defense and law enforcement agencies in the region. This will create lucrative opportunities for the market players in the region to explore and reap profits.

Armor Materials Market Share

The competitive landscape of the global market includes players, such as:

  • JPS Composite Materials (Handy & Harman)
  • Pacific Safety Products (Med-Eng Holdings)
  • Point Blank Enterprises
  • Craig International Ballistics
  • Alcoa Corporation, ATI (Advanced Micro Devices)
  • Saint-Gobain
  • Tencate
  • Allegheny Technologies
  • Tata Steel Limited
  • Saab AB
  • DSM
  • Honeywell International
  • 3M
  • DuPont

Armor Materials Industry News

  • In April 2023, DuPont unveiled Kevlar and EXO aramid fiber, designed to meet the stringent demands of body armor applications. These innovative products offer exceptional lightness, flexibility, and protection, catering to various high-performance needs in intense and challenging conditions.

What Information does this report contain?

Historical data coverage: 2018 to 2023; Growth Projections: 2024 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Authors: Avinash Singh

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