The Armor Materials Market size is estimated at USD 13.59 billion in 2024, and is expected to reach USD 19.09 billion by 2029, growing at a CAGR of 7.03% during the forecast period (2024-2029).
Due to COVID-19-related lockdown restrictions, many manufacturing industries came to a halt. However, several armor manufacturing companies, such as TenCate Advanced Armor and NP Aerospace, continued to run their production by re-organizing, ensuring the safety of employees, and following government regulations to provide continuous supply to customers. Such unhindered production boosted the armor materials market during the pandemic.
The armor materials market is consolidated in nature. The major players include DuPont, Teijin Aramid B.V., TenCate Protective Fabrics, NP Aerospace, and Honeywell International Inc, among others (not in any particular order)
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