The report "Armor Materials Market by Materials Type (Metals & Alloys, Ceramics, Composites, Para-Aramid Fibers, UHMWPE, Fiberglass), Application (Vehicle, Aerospace, Body, Civil, Marine), & Region (Asia Pacific, North America, Europe, South America) – Global Forecast to 2027", size was USD 11.0 billion in 2021 and is projected to reach USD 16.1 billion by 2027, at a CAGR of 6.6% from 2022 to 2027.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=25444492
Browse in-depth TOC on "Armor Materials Market"
289 - Tables
56 - Figures
273 – Pages
The market is projected to grow because of the expanding use of lightweight aluminum alloys in military vehicles like troop carriers. Lightweight aluminum alloys are utilized for equipment transportation, especially air transport for military vehicles, due to their superior performance. The government's growing concern over safety issues has also resulted in new investments in body armor for law enforcement and military personnel, expanding the market for armor materials.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=25444492
Vehicle armor was the largest application of the armor materials market, in terms of value, in 2021
Due to the increasing use of lightweight aluminum alloys in military vehicles like personnel carriers, which will spur market growth, the vehicle armor segment accounted for largest share in 2021, in terms of value. Lightweight aluminum alloys are utilized for equipment transportation, especially air transport for military vehicles, due to their superior performance.
Metals & alloys is estimated to be the largest material type of the armor materials, in terms of value, during the forecast period.
Metals and alloys, ceramics, composites, para-aramid fiber, ultra-high-molecular-weight polyethylene, fiberglass, and others are the different market segments based on the material type. During the projection period, Metals & Alloys are projected to hold the largest market share for armor materials. The metals utilized as armor materials for diverse applications, such as vehicle, aircraft, body, civil, and marine armor systems, include high-density steel, titanium, aluminum, and their alloys.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=25444492
North America is estimated to be the largest market for the armor materials market, in terms of value, during the forecast period.
North America is projected to be the largest market for armor materials, driven by the US Army's constant need for advanced armor systems and the spike in demand for homeland security applications. Rising geopolitical and bilateral tensions exist among the major countries. Also, the rise in terrorist operations has resulted in a rise in the purchase of armor materials to produce defense gear.
The key players profiled in the report include DuPont De Nemours, Inc. (US), Teijin Limited (Japan), 3M Company (US), ATI, Inc. (US), and Honeywell International Inc. (US).
For More Insights on Armor Materials Market –
https://www.prnewswire.com/news-releases/armor-materials-market-worth-16-1-billion-by-2027--exclusive-report-by-marketsandmarkets-301791514.html
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Home