Innovative Bulletproof Materials: The Shift Toward High-Density Polymers & Ceramics
The report "Armor Materials Market by Materials Type (Metals & Alloys, Ceramics, Composites, Para-Aramid Fibers, UHMWPE, Fiberglass), Application (Vehicle, Aerospace, Body, Civil, Marine), & Region (Asia Pacific, North America, Europe, South America) – Global Forecast to 2027", is projected to grow from USD 11.0 billion in 2021 to USD 16.1 billion by 2027, at a CAGR of 6.6% from 2022 to 2027. This report covers the global market sales, sales volume, price, armor materials market size, market share, ranking of major companies, etc., and provides a detailed analysis by region, country, materials type, and application.
The market is projected to grow because of the expanding use of lightweight aluminum alloys in military vehicles like troop carriers. Lightweight aluminum alloys are utilized for equipment transportation, especially air transport for military vehicles, due to their superior performance. The government's growing concern over safety issues has also resulted in new investments in body armor for law enforcement and military personnel, expanding the market for armor materials.
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Vehicle armor was the largest application of the armor materials market, in terms of value, in 2021
Due to the increasing use of lightweight aluminum alloys in military vehicles like personnel carriers, which will spur market growth, the vehicle armor segment accounted for largest share in 2021, in terms of value. Lightweight aluminum alloys are utilized for equipment transportation, especially air transport for military vehicles, due to their superior performance.
Metals & alloys is estimated to be the largest material type of the armor materials, in terms of value, during the forecast period.
Metals and alloys, ceramics, composites, para-aramid fiber, ultra-high-molecular-weight polyethylene, fiberglass, and others are the different market segments based on the material type. During the projection period, Metals & Alloys are projected to hold the largest market share for armor materials. The metals utilized as armor materials for diverse applications, such as vehicle, aircraft, body, civil, and marine armor systems, include high-density steel, titanium, aluminum, and their alloys.
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Based on material type, the armor materials market is segmented into metals & alloys, ceramics, composites, para-aramid, UHMWPE, fiberglass and others. The metals & alloys segment accounted for the largest market share, in terms of value and volume, in 2021. Metals and alloys are popular materials for armor because they have several properties that make them effective at protecting against various types of threats. Additionally, by modifying their composition and processing, metals and alloys can be adapted to particular uses, enabling the development of armor that is suited for particular threats, such as ballistic or blast protection.
Based on application, the armor materials market is segmented into vehicle armor, aerospace armor, body armor, civil armor, and marine armor. Vehicle armor application accounted for the largest market share, in terms of value, in 2021. Armor materials provide critical protection for vehicles, including armored personnel carriers, tanks, and other military vehicles. These materials can also be used to protect civilian vehicles, such as cars and trucks used for VIP transportation, or to protect critical infrastructure such as buildings, bridges, and power plants.
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North America is estimated to be the largest market for the armor materials market, in terms of value, during the forecast period.
North America is projected to be the largest market for armor materials, driven by the US Army's constant need for advanced armor systems and the spike in demand for homeland security applications. Rising geopolitical and bilateral tensions exist among the major countries. Also, the rise in terrorist operations has resulted in a rise in the purchase of armor materials to produce defense gear.
The key players profiled in the report include DuPont De Nemours, Inc. (US), Teijin Limited (Japan), 3M Company (US), ATI, Inc. (US), and Honeywell International Inc. (US), Saint-Gobain SA (France), Tata Steel Limited (India), and Alcoa Corporation (US). Major focus was given to the development of new hardware due to the changing requirements of armor materials across the world. To improve their position in the industry, these players have implemented a variety of growth tactics. They include new product development initiatives, contracts, partnerships, mergers and acquisitions, and product launches to increase their market presence in the armor materials sector.
DuPont de Nemours, Inc. has a strong global presence. It uses Kevlar and Nomex aramid fibers, which are extremely strong and flexible. These are used for a wide range of military applications, including body armor and vehicle armor. The company has a wide economic portfolio and a defense material product range. Because of its wide range of products and market reach, the company is a market leader in the armor material industry. In February 2021, the company acquired Tex Tech’s Core Matrix Technology, a monolithic fabric structure that would significantly reduce back-face trauma. It resulted in enhancing ballistic and fragmentation performance for law enforcement and military personnel.
Teijin Limited is a global group of companies that manufactures, processes and sells chemical, carbon fiber, and carbon fiber-reinforced composite products. Its main subsidiary, Toho Tenax, offers advanced products and solutions used in the aerospace & defense industry. Teijin Limited has a wide range of aramid fibers, which helps the company maintain its position in the market. Apart from this, the company is expanding its production operations rapidly to cater to the increasing demand for high-quality products. Increased product supply would help the company increase its revenue. The company is aggressively partnering with various relevant companies to develop innovative solutions. As a part of its business strategy, the company is focusing on expanding its global presence to strengthen its leadership in the market. In February 2021, the company expanded its Teijin Aramid production capacity in the Netherlands. Installing the new equipment was just the latest step in a multi-year program designed to increase both production capacity and sustainability at Teijin Aramid locations.
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Research Methodology:
✅ Research Objectives: This section provides an overview of the research study's primary objectives, encompassing the research questions and hypotheses that will be addressed.
✅ Research Design: The following section presents the comprehensive outline of the research design, encompassing the selected approach for the study (quantitative, qualitative, or mixed-methods), the methodologies utilized for data collection (surveys, interviews, focus groups), and the sampling strategy employed (random sampling, stratified sampling).
✅ Data Collection: This section involves gathering information from primary and secondary sources. Primary sources included the use of survey questionnaires and interview guides, while secondary sources encompassed existing data from reputable publications and databases. Data collection procedures involved meticulous steps such as data cleaning, coding, and entry to ensure the accuracy and reliability of the collected data.
✅ Data Analysis: The data were analyzed using various methods including statistical tests, qualitative coding, and content analysis.
✅ Limitations: The study's limitations encompass potential biases, errors in data sources, and overall data constraints.
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