Armor Materials Market | Growth, Trends, and Forecast (2020

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

North America

Largest Market:

North America

CAGR:

7 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The global armor materials market is expected to register a CAGR of around 7% during the forecast period. The major factors driving the market are the development of advanced weapon and increased homeland security concerns.

High cost of production of defense products is likely to hinder the market’s growth.
Increasing defense budget is projected to act as an opportunity for the market in future.

Scope of the Report

The armor materials market report includes:

Product Type
		Metal and Alloy
		Ceramic and Composite
		Para-aramid Fiber
		Ultra-high-molecular-weight Polyethylene
		Other Product Types (Including Fiber Glass, etc.)

Application
		Aerospace
		Body Armor
		Civil Armor
		Marine Armor
		Vehicle Armor

Geography

North America
	United States
	Mexico
	Canada
	Rest of North America

Europe
	Germany
	United Kingdom
	France
	Italy
	Rest of Europe

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

South America
	Brazil
	Argentina
	Rest of South America

Middle East & Africa
	South Africa
	Saudi Arabia
	Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Body Armors Application Expected to Lead the Market

Homeland security concerns have made it necessary for all countries to have well-trained defense forces. Requirement for army training is increasing owing to the increasing bilateral tensions between the nations.
For homeland security, soldiers are meant to fight, for which they require weapons, vehicles, and body shields to protect them.
During wars, soldiers have to wear body armor and carry weapons, such as guns, grenades, etc. Hence, these are to be made available to military personnel during wars. Every year, more individuals join the army, creating a further demand for armors and weapons.
Increasing terrorist attack threats, such as the ISIS attack in some of the countries of Middle East are leading to an increase in counter terrorist operations and preventive measures.
Countries across the globe invest heavily in maintaining the sufficient supply of all such goods in anticipation of war. Armor materials are used extensively to produce body armors, weapon armors, armored vehicles, tankers, etc. Hence, the demand for armor materials is driven considerably by the increasing homeland security concerns.

To understand key trends, Download Sample Report

North America to Dominate the Market

North America region dominated the global market share. The United States is one of the largest consumers of armor materials globally.
This is majorly owing to the rising homeland security concerns due to terrorism. United States was the largest military spending nation. The United States was the largest military spending nation with the largest military forces globally.
There are emerging geopolitical and bilateral tensions between the major nations. Furthermore, the increasing terrorist activities lead to the increasing procurement of armor materials to manufacture defense equipment.
United States also struck a major deal with Saudi Arabia for arms deal sales, along with the sale of F-35 combat aircrafts.
Lockheed Martin, which is the largest domestic manufacturer of fighter jets, announced its decision to nearly triple its annual production to more than 160 jets, by 2023.
The US army also announced its plans on spending about USD 1.4 billion on manufacturing of light weight tanks project, over the forecast period
These factors will drive the demand for armor materials in North America over the forecast period.

To understand geography trends, Download Sample Report.

Competitive Landscape

The armor materials market is partially consolidated. Key players in the armor materials market include DuPont, Teijin Limited, Koninklijke Ten Cate BV, Morgan Advanced Materials, and Honeywell International Inc.

Major Players

You can also purchase parts of this report. Do you want to check out a section wise price list?

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Overview
2. 4.2 Market Drivers
  1. 4.2.1 Development of Body Armor and Advanced Weapons
  2. 4.2.2 Increasing Homeland Security Concerns
3. 4.3 Market Restraints
  1. 4.3.1 High Cost Of Production Of Defense Products
4. 4.4 Value Chain / Supply Chain Analysis
5. 4.5 Porter's Five Forces Analysis
  1. 4.5.1 Threat of New Entrants
  2. 4.5.2 Bargaining Power of Buyers/Consumers
  3. 4.5.3 Bargaining Power of Suppliers
  4. 4.5.4 Threat of Substitute Products
  5. 4.5.5 Intensity of Competitive Rivalry
6. 4.6 Technological Snapshot
7. 4.7 Patent Analysis
8. 4.8 Product Manufacturing Standards
5. MARKET SEGMENTATION
1. 5.1 Product Type
  1. 5.1.1 Metal and Alloy
  2. 5.1.2 Ceramic and Composite
  3. 5.1.3 Para-aramid Fiber
  4. 5.1.4 Ultra-high-molecular-weight Polyethylene
  5. 5.1.5 Other Product Types (Including Fiber Glass, etc.)
2. 5.2 Application
  1. 5.2.1 Aerospace
  2. 5.2.2 Body Armor
  3. 5.2.3 Civil Armor
  4. 5.2.4 Marine Armor
  5. 5.2.5 Vehicle Armor
3. 5.3 Geography
  1. 5.3.1 North America
    1. 5.3.1.1 United States
    2. 5.3.1.2 Mexico
    3. 5.3.1.3 Canada
    4. 5.3.1.4 Rest of North America
  2. 5.3.2 Europe
    1. 5.3.2.1 Germany
    2. 5.3.2.2 United Kingdom
    3. 5.3.2.3 France
    4. 5.3.2.4 Italy
    5. 5.3.2.5 Rest of Europe
  3. 5.3.3 Asia-Pacific
    1. 5.3.3.1 China
    2. 5.3.3.2 India
    3. 5.3.3.3 Japan
    4. 5.3.3.4 South Korea
    5. 5.3.3.5 Rest of Asia-Pacific
  4. 5.3.4 South America
    1. 5.3.4.1 Brazil
    2. 5.3.4.2 Argentina
    3. 5.3.4.3 Rest of South America
  5. 5.3.5 Middle East & Africa
    1. 5.3.5.1 South Africa
    2. 5.3.5.2 Saudi Arabia
    3. 5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Mergers and Acquisitions, Joint Ventures, Colaborations and Agreements
2. 6.2 Market Share/Ranking Analysis**
3. 6.3 Strategies Adopted by Leading Players
4. 6.4 Company Profiles
  1. 6.4.1 3M
  2. 6.4.2 Armor Designs Inc.
  3. 6.4.3 Armorsource LLC
  4. 6.4.4 ATI
  5. 6.4.5 CeramTec GmbH
  6. 6.4.6 DuPont
  7. 6.4.7 Honeywell International Inc.
  8. 6.4.8 HYOSUNG
  9. 6.4.9 JPS Composite Materials
  10. 6.4.10 Koninklijke Ten Cate BV
  11. 6.4.11 Morgan Advanced Materials
  12. 6.4.12 PPG Industries Inc.
  13. 6.4.13 Royal DSM NV
  14. 6.4.14 Safeguard Armor LLC
  15. 6.4.15 Saint-Gobain
  16. 6.4.16 SCHUNK GmbH
  17. 6.4.17 Tata Steel
  18. 6.4.18 Teijin Aramid BV
  19. 6.4.19 Coorstek Inc.

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS
1. 7.1 Increasing Defense Budget

** Subject to Availability