New York, United States, Nov. 16, 2023 (GLOBE NEWSWIRE) -- The Global Armor Materials Market Size To Grow from USD 7.10 Billion in 2022 to USD 14.26 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 10.7% during the forecast period.
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Armor materials are used to create protective equipment that is regularly worn by military personnel, law enforcement officers, and other workers in hazardous environments. The degree of protection provided by various types of armor against certain dangers varies. One of the most common uses of armor materials is the production of personal protection gear, such as bulletproof vests, helmets, and protective suits. To shield against bullets, shrapnel, and other ballistic risks, these devices are routinely worn by military personnel, law enforcement agents, security guards, and individuals in dangerous vocations. Armoured vehicles, such military tanks, armored personnel carriers (APCs), and civilian armored vehicles, are designed and constructed using armor materials. These materials provide protection for passengers from threats including small-arms fire, explosives, and other potential dangers.
Impact of COVID 19 On Global Armor Materials Market
Supply chain interruptions in the armor materials industry as well as many other markets may have been brought on by lockdowns, travel restrictions, and limited manufacturing capacity. It's possible that this led to delays in the production and distribution of armor's component parts. The demand for armor materials may have shifted during the pandemic depending on the businesses that heavily rely on these components. For instance, even though demand from other sectors, like travel and aviation, may have fallen, PPE and body armor requirements for law enforcement and healthcare workers may have increased. Different countries' defense spending may have been impacted by the pandemic's economic impacts. Contracts for military hardware, particularly materials for armor, may have been impacted by reductions in military spending.
Many countries were increasing their defense budget in order to bolster their armed forces and protect their countries' security. This tendency was fueling the demand for state-of-the-art armor materials for military personnel and equipment. Due to the growing threat of terrorism and armed conflict in many places, personal protection equipment and armored vehicles were more in demand for military and law enforcement uses. Materials for creating armor were employed outside of the military and defense sectors. The civil uses of body armor for law enforcement officers, private security guards, and others in high-risk professions were also contributing to the industry's growth. Due to the automotive business, luxury and high-security vehicles now come with more advanced safety features, like armor materials.
Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Armor Materials Market Size, Share, and COVID-19 Impact By Material (Metals & Alloys, Ceramics, Para-Aramid Fiber, UHMWPE), By Application (Vehicle Armor, Aerospace Armor, Body Armor, Civil Armor), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032."
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Material Insights
Metal and alloys segment is dominating the market over the forecast period
On the basis of material, the global armor materials market is segmented into Metals & Alloys, Ceramics, Para-aramid Fiber, UHMWPE, Others. Among these, the metal and alloys segment is dominating the market with the largest market share over the forecast period. Metals and alloys have long been used as armor materials because of their innate strength and resistance to ballistic impacts and other threats. Metals like steel have long been used in the building of armor due to their ability to successfully deflect projectiles. These materials have a proven track record and are widely accessible, which has fueled their use in modern armor systems. Advanced metal alloys with better properties are a product of continual research and development efforts. These new alloys offer better protection while being lighter and more rugged than traditional steel. Numerous armor systems, such as reinforced structures, critical infrastructure protection, and human body armor, utilise metals and alloys.
Application Insights
Body armor segment holds the highest market share over the forecast period
Based on the application, the global armor materials market is segmented into Vehicle Armor, Aerospace Armor, Body Armor, Civil Armor, Marine Armor. Among these, body armor segment holds the highest market share over the forecast period. Body armor, including helmets, bulletproof vests, and other protective gear worn by troops, law enforcement officers, and persons in high-risk vocations, has become essential for providing personal protection against ballistic threats. The growth in terrorist activities, armed conflicts, and violent crimes worldwide has resulted in a significant increase in the demand for body armor among law enforcement and military personnel. Many countries have been modernizing their armed forces and police enforcement agencies to increase the safety and effectiveness of their citizens, which has resulted in the adoption of advanced body armor. Increased awareness of personal protection and safety has led to a growing market for civilian body armor, particularly for those in hazardous industries or who may encounter threats.
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Regional Insights
North America is dominating the market over the forecast period
North America is dominating the market with the largest market share over the forecast period. North America, mostly made up of the United States and Canada, is the market leader for armor materials in a variety of applications. This area features powerful law enforcement agencies and a well-established defense industry. The United States in particular makes considerable investments in military hardware and safety gear, such as armor materials, thanks to having one of the largest defense budgets in the world. The region's emphasis on counterterrorism and homeland security has boosted the demand for armor materials to protect critical infrastructure and personnel. As part of continuous military modernization projects, new armor materials have been introduced in order to better protect soldiers and equipment.
Asia Pacific is witnessing the fastest market growth over the forecast period. Many countries in the Asia-Pacific region have been increasing their defense spending budgets in order to modernize and bolster their armed forces. Due to this, there is now a greater requirement for cutting-edge armor materials for military equipment and personnel. The region's various security challenges, such as territorial disputes and cross-border conflicts, have led to a desire for stronger protection and body armor for military and security personnel. Rapid industrial development in the Asia-Pacific region has increased demand for protective equipment for workers in hazardous fields including mining and construction. With the growth of urban areas, police forces engaged in urban warfare and crowd control scenarios now need body armor more than before.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global armor materials market include E. I. Du Pont De Nemours and Company, DSM NV, Honeywell International Inc, Compagnie de Saint-Gobain SA, Allegheny Technologies Incorporated, 3M Ceradyne Inc., Alcoa Corporation, Royal TenCate NV, Saab AB, CoorsTek Inc., and Other Key Venders.
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Recent Market Developments
- In January 2020, the military technology company Avon Rubber, based in the UK, recently announced the purchase of 3M Company for about USD 91 million.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global Armor Materials Market based on the below-mentioned segments:
Armor Materials Market, Materials Analysis
- Metals & Alloys
- Ceramics
- Para-aramid Fiber
- UHMWPE
- Others
Armor Materials Market, Application Analysis
- Vehicle Armor
- Aerospace Armor
- Body Armor
- Civil Armor
- Marine Armor
Armor Materials Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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