The global armor materials market is projected to reach USD 20.20 billion by 2028, at a CAGR of 10.50% from 2021 to 2028. The global armor materials market is witnessing considerable growth owing to the use of nano-fibers and composites to create advanced armor materials.

Market Overview:

Armor is a defensive covering used to prevent damage from being done by individuals or projectiles or from damage caused by a dangerous environment or operation (e.g., construction sites, cycling, etc.).Personal armor is used to protect war animals and soldiers. Vehicle armor is used on armored fighting vehicles and warships. Armor has been used throughout all known history, from hides, bone, leather, to bronze, steel, ballistic cloth, ceramics, and depleted uranium. For most of military history, the production of personal metal armor has dominated armor technology and employment. Until the modern times, armor worn by combatants in battle was laboriously designed and often elaborately made, indicating the personal importance put on its defense by the vulnerable soldier and also often the social significance of its wearer within the community.

Advanced technology has contributed to the production of lightweight, protective materials that are suited to the hazards of advanced warfare in a variety of apparel. With the rise of terrorism and the use of powerful personal weapons by criminals, armor is now commonly worn by police, by non-military private security forces, and even by non-combatants who may be targets of violence. Ceramic materials are used in the production of armors for military personnel, aircraft, gunships and land vehicles.

Such products can provide low weight for high hardness and have regulated micro-structures which ensure better efficiency and durability. Such materials provide versatility in design and are capable of destroying high-velocity missiles in circumstances of war.Composite armor is a form of armor for vehicles consisting of layers of various materials such as ceramics, metals, plastics, or air. Many composite armors are lighter than their all-metal counterpart, even if they occupy a larger volume for the same penetration resistance.Composite armor can be engineered to be lighter, more durable, and less voluminous than conventional armour, but the cost is often prohibitively high, limiting its use to particularly vulnerable parts of a vehicle. Its primary objective is to help defeat high explosive anti-tank (HEAT) projectiles.

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Market Dynamics:

Drivers:

• Rising concerns about safety in developing nations

Increasing instability &political unrest and terrorist incidences around the world have prompted the materials science community, military and law enforcement forces and to find effective approaches which can promise safety.

Nowadays, the need for advanced armor is increasing due to political conflicts in Egypt, Iraq, Syria, Libya, Afghanistan, India-China, India-Pakistan, Russia-Turkey, Colombia-Peru, and Mexico. In many nations, internal conflicts have increased the demand for bombs to provide national security. This drives the need for protective equipment, thus enhancing market growth for the armor materials.

Restraints:

• Government laws

The global armor materials market is important because it can affect the national security system. Government agencies thus govern the manufacture and usage of armor materials to secure and improve value chain of protective armor systems. The rules imposed are on the level of production, the export of armor products to foreign agencies or other countries, the import from different countries, and the protection of the manufacturing technology.

For example, companies that supply the United States Defense Forces with protected materials are prohibited from selling goods to other countries or companies without the government’s permission. In the United States, the Berry amendment has prohibited foreign firms from providing armor materials to national defense forces.

Opportunities:

• Growing spending on defense

Increasing defense spending to improve the performance of military vehicles to deter external attacks coupled with high investments in aircraft safety systems will provide the industry with a huge opportunity.

• Military modernization initiatives

Advances in warfare strategies and enhanced cost-consciousness of security sector have driven numerous countries to restructure their armed forces to build deployable, effective and robust military capabilities.These advances also boosted innovation in specialized security equipment offering enhanced performance and service, and reduced costs of maintenance.Such specifications also prompted the development of programs for military modernization which led to the upgradation of the armors.

Challenges:

• Development of some other armor forms

High-tech weapons’ usage by terrorist groups, increasing international terrorism, and insurgencyhas created a necessity for better systems of armour. By using complex armor frameworks built to trap the bullets, and electrical armor systems, manufacturers are trying to develop reactive armors.Modern advanced armor systems are favoured over traditional armors, because they reduce the vehicle's total weight and have higher security levels.

Segmentation Analysis:

The global armor materials market has been divided based on material type, application,and regions.

• The material type segment is divided intoultra-high-molecular-weight polyethylene, ceramics, metals & alloys, para-aramid fiber, composites, fiberglass, and others. The metal & alloys segment led the armor materials market with a market share of around 31% in 2020. Metals such as high-density steel, titanium, and aluminum, along with their alloys, are used as armor materials for the aerospace, vehicle, and marine armor systems. These armor materials procure unique characteristics (strength, robustness, and toughness) by alloying, heat treatment, and working procedures, which enable them to fulfil different ballistic protection requirements.
• The application segment includesaerospace armor, vehicle armor, body armor, civil armor, and marine armor. The body armor segment is estimated to grow at the highest CAGR of 12.5% over the forecast period owing to the rising security issues in emerging economies and to provide protection to law enforcement and military personnel. Speedy development of weapons and ammunition is also a key factor boosting the growth of the armor materials market.

Regional Segmentation Analysis:

The regions evaluated for the armor materials market include Europe, North America, South America, Asia Pacific, and the Middle East and Africa. The North America region emerged as the largest market for the armor materials market with a 31.4% share of the market revenue in 2020.

• This is due to the increasing demand for applications involving homeland security and the development of advanced armor systems for the US Army.
• In the Asia Pacific region, the market is anticipated to grow at the highest CAGR over the forecast period. There is a rising need of armor materials in this region on account of military modernization programs in countries like India and China. The rising tensions between countries in the region, and internal conflicts, are driving the armor materials market in the region.

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global armor materials industry.

In February 2019, Saab extended its presence in India's aerospace ecosystem by signing a new Memorandum of Understanding (MoU) with three of India's leading aerospace manufacturers. CIM Tools Private Limited, Sansera Engineering Limited, and Dynamatic Technologies Limited. MoU would broaden current partnerships between these two companies on Saab's industrial aerostructures, Gripen aircraft,and other items within the Saab portfolio relevant to defense, leveraging Sansera and CIM resources.

In June 2018, Dupont launched their Tensylon HA120. This is a revolutionary helmet material that provides excellent ballistic safety at a weight of 40 per cent lighter than conventional helmets.

List of key market players:

• 3M Ceradyne Inc.
• AGY Holding Corp.
• Allegheny Technologies Incorporated
• CeramTec GmbH
• Compagnie de Saint-Gobain SA
• CoorsTek Inc.
• DSM NV
• E. I. Du Pont De Nemours and Company
• Honeywell International Inc.
• Morgan Advanced Materials
• PPG Industries Inc.
• Royal TenCate NV
• Saab AB
• Saint-Gobain SA
• Tata Steel Limited

Key Target Audience

• Armor Materials Manufacturer
• Raw Material Providers (Metals & Alloys, Ceramics, Fiberglass)
• Importers And Exporters
• Traders And Distributors
• Consulting And Research Firm
• Government Authorities And R&D Institutions

Report Description

• Global Armor Materials Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2028 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
• 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2028 are the forecast years. The global armor materials market is based on revenue (USD Million/Billion), volume and price. The report incorporates the market study on the basis of revenue, and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global armor materials market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
• The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of armor materials and regions which are deduced and formulatedon the basis of theirgrowth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to fathommarket growth and development in future.
• The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global armor materials market. This offersvital and in depth insights in order to depict the overall market scenario.
• The report offers the detailed study for the company profiles of key organizations operating in the global armor materials market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development &innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
• The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
• Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which acts as a key potential for the investors. 
• Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global armor materials market) is covered in order to comprehend the adoption rate and evaluate the market size.