Armor Market Share Projected to Hit USD 67.35 Billion by 2030

The Armor Market Share is projected to grow from USD 44.02 billion in 2023 to USD 67.35 billion by 2030, at a CAGR of 6.27%. Most of this growth is being fueled by the demand for sophisticated protective solutions in military and civilian applications, emerging geopolitical tensions, and the expanding use of armored cars, personal armor, and other protective systems.



Potential Market Growth Drivers & Opportunities

This growth in the armor market is influenced by many important drivers such as rising defense budgets across the globe, and increasing demand for advanced technology armor as required to provide security and protection. Increasing terrorist threats, civil unrest, and military conflicts are aiding adoption of armored vehicles, personal body armor, and infrastructure protection. Market demand was also propelled by increasing focus on the safety of soldiers along with a versatile range of light-weight and high durability materials intended for military and civil applications. There is also a growing demand for armored vehicles and personal protection equipment in the civilian sector, especially in high-risk areas.

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Segmentation Analysis

Based on type, the armor has been segmented into soft armor, hard armor, and others; Based on material, it is bifurcated into metal armor, ceramic armor, polymer armor, and others; On the basis of application, the armor market is segmented into land, airborne, and naval armor.

By Type: Armored Vehicles, Body Armor, and Others ArmoredVehicles segment is the largest as requirement for military and commercial armored vehicles in high-security risk areas continue to dominate the demand. In terms of body armor, bulletproof vests and helmets account for some of the fastest-growing segments utilizing the technology in military, law enforcement, and private security sectors. Additional forms of armor comprise shielding and plating for airplanes.

Based on Material: The armor market is bifurcated into steel, composites, ceramics, and others. Of all this, steel armor has remained as the most common, owing to its durability as well as effectiveness, especially so in military applications. Nevertheless, composite and ceramic materials are being used more frequently due to their lower mass and increased ballistic performance. Aramid and carbon fiber have only very recently found their way into the vehicle, and indeed personal armor market, with composite materials now being widely adopted into both use cases.

Level of Application: The main types of applications of armor consist of the defense, law enforcement, and civilian sectors. The largest end-user of armor products is the defense sector, where military forces across the globe are continuing to devote significant resources into state-of-the-art armored vehicles, body armor and protection systems. The police and security market also plays a major role and demand for personal protective equipment for law enforcement is higher than ever. CIVILIAN ARMOR OF THE FUTURE The civilian protection market is also on the rise, and commercial and private sector demand for armored vehicles is creating a greater need for protective solutions.

Regional Market Overview

Region-wise: North America dominates the market which is led by the U.S., the largest armor products consumer. Its large defense budget, continuing military modernization, and rapid deployment of armored vehicles and body armor by regional law enforcement agencies are enabling the region to maintain market dominance.

Europe: Europe has a sizeable demand for the development of armor products, backed by increasing security threats, continuous military warfare, and the increasing demand for personal protective equipment used in law enforcement authorities. The European armor market involves major nations including Russia, the UK, and France.

Asia-Pacific: The armor market in the Asia-Pacific region is booming, driven by growing military expenditures, regional conflicts, and the increasing need for armored vehicles and protective gear. The growth is supported by the increasing defence expenditure in China and India, and also the growing establishement of security in the region.

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Competitor Analysis

The armour market is highly fragmented but the leading players are as follow:

BAE Systems — A well-known defense contractor, BAE Systems offers a number of advanced armored vehicles, body armor, and protection systems for military use. The company has gone a step ahead in innovation, providing next-generation armor technologies that can yield greater protection at a lower weight.

Rheinmetall AG: A global leader in the armor market, Rheinmetall AG provides a wide spectrum of armored vehicles and defense solutions. The firm is a known supplier in the field of advanced composite materials and protection systems for military vehicles.

DuPont: As a global leader in materials science, DuPont offers advanced materials, including Kevlar® high-performance fibers used in personal body armor and armored vehicle applications. What this means is that DuPont's innovations in lightweight, durable materials have changed the armor market.

Northrop Grumman: Northrop Grumman is a major player in the defense and aerospace sectors and provides advanced armor solutions for military vehicles, aircraft, and personal protective equipment. The company works on innovating new armor technologies to meet emerging security challenges.

Honeywell International Inc.: Honeywell offers armor solutions based on state-of-the-art composite materials and protective systems for military, law enforcement, and civilian applications. Its products are used in defense and security sectors around the world.

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Conclusion

Strong growth is anticipated in the armor market as defense, law enforcement, and civilian sectors utilize advanced armor systems. New materials, such as durable, lightweight composites, will be important for the growth of this market. This increase in public and private sector investments for armor solutions will further drive the market in light of the surging need for efficient & effective protection technologies with the rise of geopolitical tensions and security concerns.

Explore More: Visit our website for Additional reports:

Armored Vehicles Market https://www.maximizemarketresearch.com/market-report/armored-vehicles-market/25532/ 

Body Armor Market https://www.maximizemarketresearch.com/market-report/global-body-armor-market/25334/ 

Ceramic Armor Market https://www.maximizemarketresearch.com/market-report/ceramic-armor-market/164762/ 

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