Armor Materials Market Scenario
Increasing security concerns in developing countries and growing demand for homeland security are some of the major factors propelling the armor materials market globally. Furthermore, development of lethal ammunition and weapons is also one of the factor augmenting the growth of armor materials market. However, government regulations is one of the major factor expected to hamper the global growth of the armor materials market.
Armor Materials Market Segmentation
The armor materials market is segmented by Material Type, Application and Geography. Various material types are used in manufacturing of armor material are Metals & Alloys (High-Density Steel, Aluminum and Titanium), Ceramics (Aluminium Oxide, Silicon Carbide and Boron Carbide), Composites (Fibers, Fabrics, Matrix Materials, Prepregs, Hybrid Composites and 3d Composites), Para-Aramid Fiber, Ultra-High-Molecular-Weight Polyethylene (Uhmwpe), Fiberglass and Others. Furthermore, the applications of armor materials are Vehicle Armor, Aerospace Armor, Body Armor, Civil Armor and Marine Armor. Based on Geography, the Armor materials Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Armor Materials Market by Geography
Geographically, the armor materials market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. Among all the regions, the North America is expected to account for the largest market share. North America is projected to continue its investment in soldier security owing to the on-going modernization programs. The US military is undertaking many equipment upgrading programs, which will continue to increase the demand for armor materials in the region.
Armor Materials Market Key Players
Some of the major players operating in the global armor materials market includes Dupont De Nemours, Inc., Koninklijke Dsm N.V., Honeywell International Inc., 3M Company, Saab AB, Koninklijke Ten Cate Bv, Compagnie De Saint-Gobain Sa, Teijin Limited, Tata Steel, Alcoa Corporation, Allegheny Technologies, Inc., Ceramtec, Coorstek Inc., Morgan Advanced Materials, Cerco Corporation, AGY Holding Corp., PPG Industries, Inc., Safariland, LLC, Leeco Steel, LLC and Armorworks Enterprises, LLC. These players have adopted the expansions, new product launches, agreements, acquisitions, investments, new product developments, and partnerships to enhance their position in the market.
Armor Materials Market Report Key Benefits