Overview and Scope
Armor material refers to the numerous materials used to create various types of armor or body armour. Armor materials are used to make protective clothing with the capacity to deflect or absorb the impact of projectiles or other weapons that may be used against its wearer.
Sizing and Forecast
The armor materials market size has grown strongly in recent years. It will grow from $12.3 billion in 2023 to $13.2 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to military conflict and warfare, focus on soldier safety, regulatory standards and requirements, strategic geopolitical shifts, protection for vehicles and equipment.
The armor materials market size is expected to see strong growth in the next few years. It will grow to $16.87 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing defense expenditure, rising security threats, focus on soldier protection, shift towards urban warfare, military modernization programs. Major trends in the forecast period include r&d in material science, sustainability and environmental impact, integration of sensor technologies, evolving threat landscape, adoption of additive manufacturing.
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Segmentation & Regional Insights
The armor materials market covered in this report is segmented –
1) By Material Type: Metals And Alloys, Composites, Para-Aramid Fiber, UHMWPE (Ultra-High-Molecular-Weight Polyethylene), Fiberglass, Other Materials
2) By Product Type: Vest, Helmets, Other Products
3) By Protection: Level II, Level IIA, Level III, Level IIIA, Level IV
4) By Application: Vehicle Armor, Aerospace Armor, Body Armor, Civil Armor, Marine Armor
5) By End-User: Defense, Law Enforcement And Security Personnel, Civilians
North America was the largest region in the armor materials market in 2023. North America is expected to be the fastest-growing region in the global armor materials market report during the forecast period. The regions covered in the armor materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing terrorist threat is expected to boost the growth of the armor material market going forward. A terrorist threat refers to an act of violence that would put others in danger while showing a blatant disdain for the harm it would do. High-strength armor materials are used to shield wearers from projectiles like knives, shell fragments, and bullets during terrorist attacks or other critical situations. Hence, the increasing terrorist threat will increase the demand for the armor material market. For instance, according to a report published by The Center for Strategic and International Studies (CSIS), a US-based non-profit organization, the number of terrorist acts and conspiracies in the United States increased from 2% in 2019 to 47% in 2020 and 53% in 2021. Further, 43% of all attacks in 2021’s domestic terrorism were directed toward the government, armed forces, and law enforcement. Therefore, the increasing terrorist threat is driving the growth of the armor material market.
Key Industry Players
Major companies operating in the armor materials market report are DuPont de Nemours Inc., Honeywell International Inc., 3M Company, Saab AB, Compagnie de Saint-Gobain S.A., Teijin Aramid B.V., Koninklijke Ten Cate BV., CeramTec GmbH, CoorsTek Inc., Morgan Advanced Materials PLC, The Safariland Group LLC, PPG Industries Inc., NP Aerospace Ltd., Ballistic Body Armour Ltd., Pacific Safety Products Inc., ATI CeramTec GmbH, Ceradyne Inc., Allegheny Technologies Incorporated, AGY Holding Corp., White Horse Research and Development Inc., Megiddo Global LLC, Hard Shell U.S., ArmorCo Advanced Armoring Products Inc., Tata Steel Ltd., Armorup LP, Tex Tech Industries Inc., SAE Manufacturing Specialties Corp., SafeGuard Armor Ltd., Schunk Carbon Technology LLC, Aloca Inc.
The armor materials market report table of contents includes:
1. Executive Summary
2. Armor Materials Market Characteristics
3. Armor Materials Market Trends And Strategies
4. Armor Materials Market – Macro Economic Scenario
5. Global Armor Materials Market Size and Growth
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31. Global Armor Materials Market Competitive Benchmarking
32. Global Armor Materials Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Armor Materials Market
34. Armor Materials Market Future Outlook and Potential Analysis
35. Appendix
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