Armor Materials Market Strategies and Share 2031
MARKET OVERVIEW
The Armor Materials Market covers materials used to manufacture protective equipment such as bulletproof vests, helmets, body armor, and other armor systems. These materials include various options like metals, ceramics, composites, and other advanced materials. The market caters to both military and civilian applications. The increasing demand for personal and vehicular protection in various sectors, such as law enforcement, defense, and homeland security, drives it. Factors that influence market growth include rising global tensions, increasing military expenditure, and advancements in materials technology. Government regulations and standards for armor materials and systems also impact the market's growth.
MARKET DYNAMICS
The armor materials market is anticipated to grow in the forecast period owing to increasing concerns for the safety of homelands and demand for body armors and advanced weapons for soldiers' survivability. The growing necessity of vehicle, marine, and aircraft protection further propel the armor materials market growth. However, high production costs of defensive materials hamper the armor materials market growth. On the other hand, high investments in aircraft security systems and defense budgets witness growth opportunities for the key players of the armor materials market during the forecast period.
MARKET SCOPE
The "Global Armor Materials market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the armor materials market with detailed market segmentation by type, application, and geography. The global armor materials market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading armor materials market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global armor materials market is segmented on the basis of type and application. Based on type, the market is segmented as metals and alloy, ceramic and composite, para-aramid fibers, ultra-high-molecular-weight polyethylene, and others. On the basis of the application, the market is segmented as aerospace, body armor, civil armor, marine armor, and vehicle armor.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global armor materials market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The armor materials market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting armor materials market from both demand and supply side and further evaluates market dynamics affecting 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 & Central America after evaluating political, economic, social and technological factors affecting the armor materials market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global armor materials market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The armor materials market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting armor materials market from both demand and supply side and further evaluates market dynamics affecting 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 & Central America after evaluating political, economic, social and technological factors affecting the armor materials market in these regions.
MARKET PLAYERS
The reports cover key developments in the armor materials 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 the way for the expansion of business and customer base of market players. The market payers from armor materials market are anticipated to lucrative growth opportunities in the future with the rising demand for armor materials in the global market. Below mentioned is the list of few companies engaged in the armor materials market.
The report also includes the profiles of key armor materials 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 the last three years, key developments in the past five years.
- Allegheny Technologies Incorporated (ATI)
- Armor Designs Inc.
- ArmorSource LLC
- CeramTec GmbH
- E. I. du Pont de Nemours and Company
- Honeywell International Inc.
- JPS Composite Materials Corporation
- Morgan Advanced Materials plc
- Saint-Gobain Ceramics & Plastics, Inc.
- The 3M Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Armor Materials Market - By Type
1.3.2 Armor Materials Market - By Application
1.3.3 Armor Materials Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. ARMOR MATERIALS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ARMOR MATERIALS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ARMOR MATERIALS MARKET - GLOBAL MARKET ANALYSIS
6.1. ARMOR MATERIALS - GLOBAL MARKET OVERVIEW
6.2. ARMOR MATERIALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ARMOR MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. METALS AND ALLOY
7.3.1. Overview
7.3.2. Metals and Alloy Market Forecast and Analysis
7.4. CERAMIC AND COMPOSITE
7.4.1. Overview
7.4.2. Ceramic and Composite Market Forecast and Analysis
7.5. PARA-ARAMID FIBERS
7.5.1. Overview
7.5.2. Para-aramid Fibers Market Forecast and Analysis
7.6. ULTRA-HIGH-MOLECULAR-WEIGHT POLYETHYLENE
7.6.1. Overview
7.6.2. Ultra-high-molecular-weight Polyethylene Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. ARMOR MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AEROSPACE
8.3.1. Overview
8.3.2. Aerospace Market Forecast and Analysis
8.4. BODY ARMOR
8.4.1. Overview
8.4.2. Body Armor Market Forecast and Analysis
8.5. CIVIL ARMOR
8.5.1. Overview
8.5.2. Civil Armor Market Forecast and Analysis
8.6. MARINE ARMOR
8.6.1. Overview
8.6.2. Marine Armor Market Forecast and Analysis
8.7. VEHICLE ARMOR
8.7.1. Overview
8.7.2. Vehicle Armor Market Forecast and Analysis
9. ARMOR MATERIALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Armor Materials Market Overview
9.1.2 North America Armor Materials Market Forecasts and Analysis
9.1.3 North America Armor Materials Market Forecasts and Analysis - By Type
9.1.4 North America Armor Materials Market Forecasts and Analysis - By Application
9.1.5 North America Armor Materials Market Forecasts and Analysis - By Countries
9.1.5.1 United States Armor Materials Market
9.1.5.1.1 United States Armor Materials Market by Type
9.1.5.1.2 United States Armor Materials Market by Application
9.1.5.2 Canada Armor Materials Market
9.1.5.2.1 Canada Armor Materials Market by Type
9.1.5.2.2 Canada Armor Materials Market by Application
9.1.5.3 Mexico Armor Materials Market
9.1.5.3.1 Mexico Armor Materials Market by Type
9.1.5.3.2 Mexico Armor Materials Market by Application
9.2. EUROPE
9.2.1 Europe Armor Materials Market Overview
9.2.2 Europe Armor Materials Market Forecasts and Analysis
9.2.3 Europe Armor Materials Market Forecasts and Analysis - By Type
9.2.4 Europe Armor Materials Market Forecasts and Analysis - By Application
9.2.5 Europe Armor Materials Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Armor Materials Market
9.2.5.1.1 Germany Armor Materials Market by Type
9.2.5.1.2 Germany Armor Materials Market by Application
9.2.5.2 France Armor Materials Market
9.2.5.2.1 France Armor Materials Market by Type
9.2.5.2.2 France Armor Materials Market by Application
9.2.5.3 Italy Armor Materials Market
9.2.5.3.1 Italy Armor Materials Market by Type
9.2.5.3.2 Italy Armor Materials Market by Application
9.2.5.4 United Kingdom Armor Materials Market
9.2.5.4.1 United Kingdom Armor Materials Market by Type
9.2.5.4.2 United Kingdom Armor Materials Market by Application
9.2.5.5 Russia Armor Materials Market
9.2.5.5.1 Russia Armor Materials Market by Type
9.2.5.5.2 Russia Armor Materials Market by Application
9.2.5.6 Rest of Europe Armor Materials Market
9.2.5.6.1 Rest of Europe Armor Materials Market by Type
9.2.5.6.2 Rest of Europe Armor Materials Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Armor Materials Market Overview
9.3.2 Asia-Pacific Armor Materials Market Forecasts and Analysis
9.3.3 Asia-Pacific Armor Materials Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Armor Materials Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Armor Materials Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Armor Materials Market
9.3.5.1.1 Australia Armor Materials Market by Type
9.3.5.1.2 Australia Armor Materials Market by Application
9.3.5.2 China Armor Materials Market
9.3.5.2.1 China Armor Materials Market by Type
9.3.5.2.2 China Armor Materials Market by Application
9.3.5.3 India Armor Materials Market
9.3.5.3.1 India Armor Materials Market by Type
9.3.5.3.2 India Armor Materials Market by Application
9.3.5.4 Japan Armor Materials Market
9.3.5.4.1 Japan Armor Materials Market by Type
9.3.5.4.2 Japan Armor Materials Market by Application
9.3.5.5 South Korea Armor Materials Market
9.3.5.5.1 South Korea Armor Materials Market by Type
9.3.5.5.2 South Korea Armor Materials Market by Application
9.3.5.6 Rest of Asia-Pacific Armor Materials Market
9.3.5.6.1 Rest of Asia-Pacific Armor Materials Market by Type
9.3.5.6.2 Rest of Asia-Pacific Armor Materials Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Armor Materials Market Overview
9.4.2 Middle East and Africa Armor Materials Market Forecasts and Analysis
9.4.3 Middle East and Africa Armor Materials Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Armor Materials Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Armor Materials Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Armor Materials Market
9.4.5.1.1 South Africa Armor Materials Market by Type
9.4.5.1.2 South Africa Armor Materials Market by Application
9.4.5.2 Saudi Arabia Armor Materials Market
9.4.5.2.1 Saudi Arabia Armor Materials Market by Type
9.4.5.2.2 Saudi Arabia Armor Materials Market by Application
9.4.5.3 U.A.E Armor Materials Market
9.4.5.3.1 U.A.E Armor Materials Market by Type
9.4.5.3.2 U.A.E Armor Materials Market by Application
9.4.5.4 Rest of Middle East and Africa Armor Materials Market
9.4.5.4.1 Rest of Middle East and Africa Armor Materials Market by Type
9.4.5.4.2 Rest of Middle East and Africa Armor Materials Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Armor Materials Market Overview
9.5.2 South and Central America Armor Materials Market Forecasts and Analysis
9.5.3 South and Central America Armor Materials Market Forecasts and Analysis - By Type
9.5.4 South and Central America Armor Materials Market Forecasts and Analysis - By Application
9.5.5 South and Central America Armor Materials Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Armor Materials Market
9.5.5.1.1 Brazil Armor Materials Market by Type
9.5.5.1.2 Brazil Armor Materials Market by Application
9.5.5.2 Argentina Armor Materials Market
9.5.5.2.1 Argentina Armor Materials Market by Type
9.5.5.2.2 Argentina Armor Materials Market by Application
9.5.5.3 Rest of South and Central America Armor Materials Market
9.5.5.3.1 Rest of South and Central America Armor Materials Market by Type
9.5.5.3.2 Rest of South and Central America Armor Materials Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ARMOR MATERIALS MARKET, KEY COMPANY PROFILES
11.1. ALLEGHENY TECHNOLOGIES INCORPORATED (ATI)
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ARMOR DESIGNS INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ARMORSOURCE LLC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CERAMTEC GMBH
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. E. I. DU PONT DE NEMOURS AND COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HONEYWELL INTERNATIONAL INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. JPS COMPOSITE MATERIALS CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MORGAN ADVANCED MATERIALS PLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SAINT-GOBAIN CERAMICS AND PLASTICS, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE 3M COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- Allegheny Technologies Incorporated (ATI)
- Armor Designs Inc.
- ArmorSource LLC
- CeramTec GmbH
- E. I. du Pont de Nemours and Company
- Honeywell International Inc.
- JPS Composite Materials Corporation
- Morgan Advanced Materials plc
- Saint-Gobain Ceramics & Plastics, Inc.
- The 3M Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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