About Armor Materials
Armor is a protective covering, which is used to inhibit damage from being inflicted on an object, individual or vehicle by projectiles or direct contact weapons, usually during combat, or from damage caused by potentially dangerous environments or activity. These armors are made from strong armor materials in order to offer complete security and safety to the vehicle, body, and airplane, among others. The demand for armor materials is rising significantly owing to the development of lethal ammunition and weapons coupled with increased security concerns among the developing countries. The growing demand for lightweight armor materials is one of the major trend witnessing within the industry.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Billion) |
CAGR | 7.03% |
Armor Materials market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Armor Materials market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dupont De Nemours, Inc. (United States), Koninklijke Dsm N.V. (Netherlands), Honeywell International Inc. (United States), 3M Company (United States), Saab AB (Sweden), Compagnie De Saint-Gobain SA (France), Teijin Limited (Japan), Tata Steel (India), Alcoa Corporation (United States) and Allegheny Technologies, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Ceramtec (Germany), Coorstek Inc. (United States), Morgan Advanced Materials (United Kingdom), Cerco Corporation (United States), AGY Holding Corp. (United States), PPG Industries, Inc. (United States), Safariland, LLC (United States), Leeco Steel, LLC (United States), Armorworks Enterprises, LLC (United States), Armorstruxx LLC (United States), SafeGuard Armor LLC (United States) and ATI (United States).
Segmentation Overview
AMA Research has segmented the market of Global Armor Materials market by Type (Metals & Alloys, Composites, Ceramics, Para-aramid Fiber, UHMWPE, Fiberglass and Others), Application (Vehicle Armor, Aerospace Armor, Body Armor, Civil Armor and Marine Armor) and Region.
On the basis of geography, the market of Armor Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Grade Type, the sub-segment i.e. Military Grade will boost the Armor Materials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Rising Popularity of Lightweight Armor Materials and Nanomaterials Are Being Implemented Into Body Armor Production Using a Number of Methods
Market Growth Drivers:
Increasing Security Concerns in Developing Countries, Growing Demand for Homeland Security and Development of Lethal Ammunition and Weapons
Challenges:
Development of Other Types of Armor and High Cost of Lightweight Armor Materials
Restraints:
Stringent Government Regulations and Failure to Provide Complete Protection May Hamper the Growth of the Market
Opportunities:
Increasing Military Modernization Programs and Changing Battlefield Scenario Worldwide
Market Leaders and their expansionary development strategies
On 7 Aug 2019, 3M announced that it has entered into an agreement with Avon Rubber p.l.c. to purchase 3M’s advanced ballistic-protection business for USD 91 million, subject to closing and other adjustments. Further contingent consideration of up to USD 25 million is payable depending on the outcome of pending tenders. Avon Rubber is a provider of advanced chemical, biological, radiological and nuclear respiratory protection systems for military, law enforcement, and fire customers. 3M’s ballistic-protection business is part of its advanced materials business.
On 9 May 2017, DSM Dyneema has announced the expansion of its ballistic materials research and development capabilities specific to helmet applications. With this, DSM Dyneema is demonstrating its commitment to supporting global armor manufacturers seeking to create next-generation lightweight, high-performance helmet designs and technologies based on Dyneema material advancements.
Key Target Audience
Armor Materials Manufacturers, Armor Materials Traders/Distributors, Armor Materials Importer/Exporter, Regulatory & Government Bodies, Research Institutes, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.