What Has Been The Evolution of the Armor Materials Market in Recent Years?
The armor materials market has seen considerable growth due to a variety of factors.
•In the last few years, the armor materials market has seen significant growth. The market, valued at $12.93 billion in 2024, is projected to climb to $13.81 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.8%.
This historic growth can be traced back to factors such as military conflict and warfare, emphasis on soldier safety, regulatory standards and obligations, strategic geopolitical changes, and the need for protection for vehicles and equipment.
What Is the Forecasted Market Size and Growth Rate for The Armor Materials Market?
The armor materials market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, we can anticipate a significant expansion in the armor materials market. It is projected to escalate to "$17.57 billion by 2029, with a compound annual growth rate (CAGR) of 6.2%.
The escalation can be traced back to factors such as increased defense spending, surging security threats, emphasis on protecting soldiers, transition to urban warfare, and modernization initiatives within the military. Leading trends expected over the forecast period incorporate research and development in material science, conscientiousness about sustainability and its impact on the environment, inclusion of sensor technologies, the ever-changing threat scenario, and the incorporation of additive manufacturing.
Which Factors Are Boosting Growth In The Armor Materials Market?
The rise in terrorist threats is anticipated to propel the armor material market's expansion. Terrorist threats consist of violent acts that jeopardize others while flaunting the potential harm caused. Armoring materials of high strength are utilized to protect users from dangerous projectiles like knives, shell fragments, and bullets during terrorist incidents or other crucial circumstances. Therefore, the escalating threat from terrorism will drive the demand in the armor material market upward. For example, a report issued by the Australian Strategic Policy Institute (ASPI), a non-profit organization based in Australia, in August 2024 stated that Australia's terror threat level has been escalated to 'probable,' indicating a more than 50% chance of a terror attack within the ensuing year. Hence, the mounting threat of terrorism is fueling the expansion of the armor material market.
What Key Areas Define The Segmentation Of The Global Armor Materials Market?
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
Subsegments:
1) By Metals And Alloys: Steel Alloys, Aluminum Alloys, Titanium Alloys
2) By Composites: Ceramic Composites, Carbon Fiber Composites, Hybrid Composites
3) By Para-Aramid Fiber: Kevlar, Twaron, Other Para-Aramid Variants
4) By UHMWPE: Sheet UHMWPE, Fiber UHMWPE, UHMWPE Composites
5) By Fiberglass: E-Glass Fiberglass, S-Glass Fiberglass, Specialty Fiberglass Reinforcements
6) By Other Materials: Polycarbonate, Rubberized Materials, Organic Fiber Materials
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How Are Emerging Trends Reshaping The Dynamics Of The Armor Materials Market?
The prevailing trend in the armor materials market is product innovation. Major players in this market are concentrating their efforts on launching groundbreaking new products. For instance, in April 2023, DuPont, a renowned US-based company specializing in technology-based materials and solutions, introduced Kevlar EXO. This next-generation aramid fiber sets itself apart from other aramid fibers due to its incredible ballistic performance without compromising on lightness. This attribute enables it to produce unparalleled light-weight ballistics soft armor solutions in the market. Its built-in resistance to heat and flame prevents it from melting or combusting at temperatures up to 500°C (932°F). This significant breakthrough in the realm of aramid fibers introduces a fresh technological platform designed to accommodate numerous applications requiring protection and optimal performance in challenging and high-demand situations.
Who Are the Key Players in the Armor Materials Market?
Major companies operating in the armor materials market include:
• 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.
What Is The Most Dominant Region In The Armor Materials Market?
North America was the largest region in the armor materials market in 2024.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
