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Vehicle Armor Market Share
- Report ID: GMI7169
- Published Date: Oct 2020
- Report Format: PDF
Vehicle Armor Market Share
The key vehicle armor industry participants are focusing on product differentiation & development by investing in research & development activities to improve the product capabilities. The manufacturers include
- Kaiser Aluminum
- CoorsTek
- Composhield A/S
- DuPont
- Armormax
- ATEK Defense Systems
- Garanti Kompozit
- Permali
- ASL GRP
- DEW Engineering and Development ULC
- SSAB
- MTL Advanced Ltd.
- Multotec Group
- Plasan Sasa Ltd.
- AMEFO
- MKU Limited
- Tenate Advanced Armor.
Frequently Asked Questions (FAQ) :
The global vehicle armor industry size was valued at USD 6.7 billion in 2019. With increasing government spending on the defense sector to strengthen armament power, the market is expected to grow at 4.5% CAGR through 2026.
The metal vehicle armor industry accounted for a 75% share in 2019 and is expected to witness substantial growth through 2026.
The armored fighting vehicles market share is expected to witness 5% CAGR through 2026 due to rising procurement of mine-resistant ambush-protected (MRAP) vehicles and armored personnel carriers.
The Asia Pacific vehicle armor industry helps around 30% share in 2019 and will continue to grow due to the rising border disputes and solidification of military capabilities of several countries.
Vehicle Armor Market Scope
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