MARKET INTRODUCTION

Armor application and design is a science rather than a branch of engineering. Depending on the manufacturer, the ballistic panels in bulletproof vests can be manufactured with different materials. The constant growth in modern artillery technologies and the lack of ballistic protection and equipment are some of the factors which will surely augment the market for the armor material market.

MARKET DYNAMICS

The increasing terrorist attack threats, development of the advanced weapon, and increased homeland security concerns are some of the major factors driving the growth of the armor material market. However, the high cost of production of defense products is the major factor that may restrain the growth of the armor material market. Nevertheless, increasing the defense budget is anticipated to bring new opportunities for the armor material market.

MARKET SCOPE

The "Global Armor Material Market Analysis to 2027" is a specialized and in-depth study of the armor material market with a special focus on the global market trend analysis. The report aims to provide an overview of armor material market with detailed market segmentation by type, application. The global armor material market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading armor material market players and offers key trends and opportunities in the armor material market.

MARKET SEGMENTATION

The global armor material market is segmented on the basis of type, application. On the basis of type, the market is segmented as metals and alloys, ceramics, composites, para-aramid fiber, UHMWPE, fiberglass, others. On the basis of application, the market is segmented as vehicle armor, aerospace armor, body armor, civil armor, marine armor.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global armor material market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The armor material market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting armor material market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the armor material market in these regions.

MARKET PLAYERS

The reports cover key developments in the armor material market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from armor material market are anticipated to lucrative growth opportunities in the future with the rising demand for armor material market. Below mentioned is the list of few companies engaged in the armor material market.

The report also includes the profiles of key armor material market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

- 3M
- Allegheny Technologies Incorporated
- CoorsTek Inc.
- DSM
- DuPont
- Honeywell International Inc
- Koninklijke Ten Cate bv
- Morgan Advanced Materials
- Saab AB
- Saint-Gobain