Armor Materials Market by Material Type (Ceramics, Composites, Fiberglass), Application (Aerospace Armor, Body Armor, Marine Armor) - Global Forecast 2024-2030

Armor Materials Market by Material Type (Ceramics, Composites, Fiberglass), Application (Aerospace Armor, Body Armor, Marine Armor) - Global Forecast 2024-2030

The Armor Materials Market size was estimated at USD 15.75 billion in 2023 and expected to reach USD 16.91 billion in 2024, at a CAGR 7.65% to reach USD 26.40 billion by 2030.

Armor materials are utilized as protective clothing against any influence of projectiles or other weapons. Advanced ceramics are broadly used to produce lightweight body armors that are efficient against bullets. The armor is made of advanced fiber known to absorb the impact of bullets by dispersing the energy across a large area of the armor. The rising need for lightweight armor material, increasing demand for armor materials in aerospace, military vehicles, and marine armor systems, and government investments are escalating the adoption of the armor materials market. The advancement of lethal ammunition and weapons is further estimated to cushion the growth of the armor materials market. However, fluctuating prices of raw materials and concerns related to body armor mechanics and design may limit the market adoption by the end-user sector. In addition, the military modernization programs further provide potential opportunities for the growth of the armor materials market in the future.

Regional Insights

The Americas has a prominent landscape in the armor materials market owing to the rise in demand for homeland security applications and the creation of cutting-edge armor systems and materials for automobiles and aerospace. Additionally, the berry amendment acts in the U.S. for using domestically made goods and armor materials supported the expansion of regional growth. The United States is a prominent consumer of armor materials globally, owing to the highest military expenditure, and has the most significant military force globally. Asia-Pacific is a developing region in the armor materials market due to rising consumption from emerging economies. Also, the region's growing political and civil unrest has increased the demand for armor materials. Increasing terrorist threats and political tension between ISIS attacks in some of the Middle East and Europe countries are leading to an increase in counter-terrorist operations and preventive measures. Rising military expenditure for new product development and advancement in security-related products have increased the need for armor materials in the region.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Armor Materials Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Rising need of armor materials in aerospace, military vehicles and marine armor system
• Increasing government investments in homeland security improvement
• Growing need for lightweight armor materials in army operations

Market Restraints

• Fluctuation in the prices of raw materials

Market Opportunities

• Rapid growth of military modernization programs
• Development of deadly ammunition and weapons

Market Challenges

• Concerns related to mechanics and design of body armors

Market Segmentation Analysis

• Material Type: Increasing utilization of Ultra-high molecular weight polyethylene due to its high wear resistivity
• Application: Rising need of armours from aerospace and marine sector

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Armor Materials Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Armor Materials Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

DuPont announces Kevlar® EXO(TM), a groundbreaking next-generation aramid fiber

DuPont disclosed Kevlar EXO aramid fiber, the most significant aramid fiber new technology platform developed to serve endless applications where performance and protection are required amid intense and demanding conditions. Armor materials are in high demand as military and defense organizations continue to prioritize personnel protection. The armor materials market is a critical component of the broader defense industry and is expected to remain resilient in the face of economic uncertainty. As global security threats continue to evolve, the need for advanced armor materials only increases, making it an attractive area for investors looking to capitalize on this growth potential.

MDT Armor from US wins contract to manufacture David 4x4 light armored vehicles for Israel

MDT Armor from the United States has been awarded a contract to manufacture David 4x4 light-armored vehicles for the Israeli military. This marks a significant achievement for MDT Armor, showcasing their expertise in the field of armor materials. This development is also a testament to the quality of armor materials produced by the United States. The David 4x4 light-armored vehicle is equipped with advanced features such as modular armor and an active protection system, ensuring maximum protection for the soldiers operating the vehicle. Overall, this contract represents a significant boon for the armor materials market, as it highlights the importance of high-quality armor materials in modern warfare.

Angel Armor to showcase full product lineup at texas police chiefs association conference

As the demand for high-quality body armor continues to grow, companies such as Angel Armor are stepping up to meet the needs of law enforcement professionals across the country. Their full lineup of advanced armor materials is displayed at the upcoming Texas Police Chiefs Association Conference, showcasing their commitment to providing top-of-the-line protection to those who need it most. From ballistic inserts to vehicle armor, Angel Armor is committed to creating creative solutions that are both effective and reliable. As the industry continues to evolve, it's clear that companies, including Angel Armor, play an important role in keeping our law enforcement professionals safe and secure.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Armor Materials Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Armor Materials Market, highlighting leading vendors and their innovative profiles. These include 3M Company, AGY Holding Corporation, Allegheny Technologies Incorporated, ArmorWorks, AVIENT Protective Materials B.V., BEIJING V-GREAT INTERNATIONAL TRADE CO., LTD., BHP Armor, CeramTec GmbH, Clifton Steel Company, Compagnie de Saint-Gobain S.A, CoorsTek, Inc., DuPont de Nemours, Inc., Guodun Armor Limited, HIGHCOM ARMOR SOLUTIONS, INC., Honeywell International Inc., Indian Armour Systems Pvt. Ltd., Koninklijke Ten Cate B.V, MARS Armor, MASADA ARMOUR SOY LTD., NP Aerospace, Paxis Ceramics, PPG Industries Inc., Rheinmetall AG, SafeGuard Armor., Schunk Ingenieurkeramik GmbH, Surface Armor LLC, Tata Steel Limited, Teijin Aramid B.V., and WhiteHorse R&D, Inc..

Market Segmentation & Coverage

This research report categorizes the Armor Materials Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Material Type
• Ceramics
• Composites
• Fiberglass
• Metals & Alloys
• Para-Aramid Fiber
• Ultra High Molecular Weight Polyethylene
• Application
• Aerospace Armor
• Body Armor
• Marine Armor
• Vehicle Armor
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year