Military Vehicle Armor Market Dynamics 2021-2031
Military vehicles are commonly armored to withstand the impact of shrapnel, bullets, missiles or shells, and to protect the personnel inside from enemy fire. Such vehicles include armored battle vehicles like tanks, aircraft and ships. Armor can also be used in vehicles to defend against threats other than intentional attacks. Some spacecraft are fitted with special armor to shield them from impacts from micrometeoroids or pieces of space debris. The nature and function of the vehicle determines the amount of armor plating carried, as the plating is always very heavy and the excessive amount of armor is too large to limit mobility. Some new materials (nanomaterials) and material compositions, including aluminum foam armor plates, are being researched to reduce this problem. These types of developments are expected to drive the military vehicle armor market during forecast period.
MARKET DYNAMICS
The increasing military expenditures across the globe and growing war like situations is driving the growth of the military vehicle armor market. However, the high initial and maintenance cost may restrain the growth of the military vehicle armor market. Further, more advancement in military vehicle armor by using some new materials such as nanomaterials is anticipated to create market opportunities for the military vehicle armor market during the forecast period.
MARKET SCOPE
The "Global Military Vehicle Armor Market Analysis to 2031" is a specialized and in-depth study of the military vehicle armor market with a special focus on the global market trend analysis. The report aims to provide an overview of military vehicle armor market with detailed market segmentation by material type, vehicle type, and geography. The global military vehicle armor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading military vehicle armor market players and offers key trends and opportunities in the military vehicle armor market.
MARKET SEGMENTATION
The global military vehicle armor market is segmented on the basis of material type and vehicle type. On the basis of material type, the market is segmented as metals, ceramics, and composites. Similarly, on the basis of vehicle type, the market is segmented as tanks, armored fighting vehicles, armored personnel carrier, and others.
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 military vehicle armor market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The military vehicle armor 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 military vehicle armor 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 porter's five forces analysis highlighting factors affecting the military vehicle armor 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 overview and forecast of the global military vehicle armor market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The military vehicle armor 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 military vehicle armor 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 porter's five forces analysis highlighting factors affecting the military vehicle armor market in these regions.
MARKET PLAYERS
The reports cover key developments in the military vehicle armor 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 military vehicle armor market are anticipated to lucrative growth opportunities in the future with the rising demand for military vehicle armor. Below mentioned is the list of few companies engaged in the military vehicle armor market.
The report also includes the profiles of key military vehicle armor 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.
- AMEFO
- ATEK Defense Systems
- Composhield A/S
- CoorsTek Inc.
- DEW Engineering and Development ULC
- FMS Enterprises UK Ltd.
- Kaiser Aluminum
- MTL Advanced Ltd.
- Multotec Pty Ltd.
- Permali Gloucester Ltd.
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Military Vehicle Armor Market - By Material Type
1.3.2 Military Vehicle Armor Market - By Vehicle Type
1.3.3 Military Vehicle Armor Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MILITARY VEHICLE ARMOR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MILITARY VEHICLE ARMOR 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 AND RESTRAINTS
6. MILITARY VEHICLE ARMOR MARKET - GLOBAL MARKET ANALYSIS
6.1. MILITARY VEHICLE ARMOR - GLOBAL MARKET OVERVIEW
6.2. MILITARY VEHICLE ARMOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MILITARY VEHICLE ARMOR MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL TYPE
7.1. OVERVIEW
7.2. MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
7.3. METALS
7.3.1. Overview
7.3.2. Metals Market Forecast and Analysis
7.4. CERAMICS
7.4.1. Overview
7.4.2. Ceramics Market Forecast and Analysis
7.5. COMPOSITES
7.5.1. Overview
7.5.2. Composites Market Forecast and Analysis
8. MILITARY VEHICLE ARMOR MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1. OVERVIEW
8.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3. TANKS
8.3.1. Overview
8.3.2. Tanks Market Forecast and Analysis
8.4. ARMORED FIGHTING VEHICLES
8.4.1. Overview
8.4.2. Armored Fighting Vehicles Market Forecast and Analysis
8.5. ARMORED PERSONNEL CARRIER
8.5.1. Overview
8.5.2. Armored Personnel Carrier Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. MILITARY VEHICLE ARMOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Military Vehicle Armor Market Overview
9.1.2 North America Military Vehicle Armor Market Forecasts and Analysis
9.1.3 North America Military Vehicle Armor Market Forecasts and Analysis - By Material Type
9.1.4 North America Military Vehicle Armor Market Forecasts and Analysis - By Vehicle Type
9.1.5 North America Military Vehicle Armor Market Forecasts and Analysis - By Countries
9.1.5.1 United States Military Vehicle Armor Market
9.1.5.1.1 United States Military Vehicle Armor Market by Material Type
9.1.5.1.2 United States Military Vehicle Armor Market by Vehicle Type
9.1.5.2 Canada Military Vehicle Armor Market
9.1.5.2.1 Canada Military Vehicle Armor Market by Material Type
9.1.5.2.2 Canada Military Vehicle Armor Market by Vehicle Type
9.1.5.3 Mexico Military Vehicle Armor Market
9.1.5.3.1 Mexico Military Vehicle Armor Market by Material Type
9.1.5.3.2 Mexico Military Vehicle Armor Market by Vehicle Type
9.2. EUROPE
9.2.1 Europe Military Vehicle Armor Market Overview
9.2.2 Europe Military Vehicle Armor Market Forecasts and Analysis
9.2.3 Europe Military Vehicle Armor Market Forecasts and Analysis - By Material Type
9.2.4 Europe Military Vehicle Armor Market Forecasts and Analysis - By Vehicle Type
9.2.5 Europe Military Vehicle Armor Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Military Vehicle Armor Market
9.2.5.1.1 Germany Military Vehicle Armor Market by Material Type
9.2.5.1.2 Germany Military Vehicle Armor Market by Vehicle Type
9.2.5.2 France Military Vehicle Armor Market
9.2.5.2.1 France Military Vehicle Armor Market by Material Type
9.2.5.2.2 France Military Vehicle Armor Market by Vehicle Type
9.2.5.3 Italy Military Vehicle Armor Market
9.2.5.3.1 Italy Military Vehicle Armor Market by Material Type
9.2.5.3.2 Italy Military Vehicle Armor Market by Vehicle Type
9.2.5.4 United Kingdom Military Vehicle Armor Market
9.2.5.4.1 United Kingdom Military Vehicle Armor Market by Material Type
9.2.5.4.2 United Kingdom Military Vehicle Armor Market by Vehicle Type
9.2.5.5 Russia Military Vehicle Armor Market
9.2.5.5.1 Russia Military Vehicle Armor Market by Material Type
9.2.5.5.2 Russia Military Vehicle Armor Market by Vehicle Type
9.2.5.6 Rest of Europe Military Vehicle Armor Market
9.2.5.6.1 Rest of Europe Military Vehicle Armor Market by Material Type
9.2.5.6.2 Rest of Europe Military Vehicle Armor Market by Vehicle Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Military Vehicle Armor Market Overview
9.3.2 Asia-Pacific Military Vehicle Armor Market Forecasts and Analysis
9.3.3 Asia-Pacific Military Vehicle Armor Market Forecasts and Analysis - By Material Type
9.3.4 Asia-Pacific Military Vehicle Armor Market Forecasts and Analysis - By Vehicle Type
9.3.5 Asia-Pacific Military Vehicle Armor Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Military Vehicle Armor Market
9.3.5.1.1 Australia Military Vehicle Armor Market by Material Type
9.3.5.1.2 Australia Military Vehicle Armor Market by Vehicle Type
9.3.5.2 China Military Vehicle Armor Market
9.3.5.2.1 China Military Vehicle Armor Market by Material Type
9.3.5.2.2 China Military Vehicle Armor Market by Vehicle Type
9.3.5.3 India Military Vehicle Armor Market
9.3.5.3.1 India Military Vehicle Armor Market by Material Type
9.3.5.3.2 India Military Vehicle Armor Market by Vehicle Type
9.3.5.4 Japan Military Vehicle Armor Market
9.3.5.4.1 Japan Military Vehicle Armor Market by Material Type
9.3.5.4.2 Japan Military Vehicle Armor Market by Vehicle Type
9.3.5.5 South Korea Military Vehicle Armor Market
9.3.5.5.1 South Korea Military Vehicle Armor Market by Material Type
9.3.5.5.2 South Korea Military Vehicle Armor Market by Vehicle Type
9.3.5.6 Rest of Asia-Pacific Military Vehicle Armor Market
9.3.5.6.1 Rest of Asia-Pacific Military Vehicle Armor Market by Material Type
9.3.5.6.2 Rest of Asia-Pacific Military Vehicle Armor Market by Vehicle Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Military Vehicle Armor Market Overview
9.4.2 Middle East and Africa Military Vehicle Armor Market Forecasts and Analysis
9.4.3 Middle East and Africa Military Vehicle Armor Market Forecasts and Analysis - By Material Type
9.4.4 Middle East and Africa Military Vehicle Armor Market Forecasts and Analysis - By Vehicle Type
9.4.5 Middle East and Africa Military Vehicle Armor Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Military Vehicle Armor Market
9.4.5.1.1 South Africa Military Vehicle Armor Market by Material Type
9.4.5.1.2 South Africa Military Vehicle Armor Market by Vehicle Type
9.4.5.2 Saudi Arabia Military Vehicle Armor Market
9.4.5.2.1 Saudi Arabia Military Vehicle Armor Market by Material Type
9.4.5.2.2 Saudi Arabia Military Vehicle Armor Market by Vehicle Type
9.4.5.3 U.A.E Military Vehicle Armor Market
9.4.5.3.1 U.A.E Military Vehicle Armor Market by Material Type
9.4.5.3.2 U.A.E Military Vehicle Armor Market by Vehicle Type
9.4.5.4 Rest of Middle East and Africa Military Vehicle Armor Market
9.4.5.4.1 Rest of Middle East and Africa Military Vehicle Armor Market by Material Type
9.4.5.4.2 Rest of Middle East and Africa Military Vehicle Armor Market by Vehicle Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Military Vehicle Armor Market Overview
9.5.2 South and Central America Military Vehicle Armor Market Forecasts and Analysis
9.5.3 South and Central America Military Vehicle Armor Market Forecasts and Analysis - By Material Type
9.5.4 South and Central America Military Vehicle Armor Market Forecasts and Analysis - By Vehicle Type
9.5.5 South and Central America Military Vehicle Armor Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Military Vehicle Armor Market
9.5.5.1.1 Brazil Military Vehicle Armor Market by Material Type
9.5.5.1.2 Brazil Military Vehicle Armor Market by Vehicle Type
9.5.5.2 Rest of South and Central America Military Vehicle Armor Market
9.5.5.2.1 Rest of South and Central America Military Vehicle Armor Market by Material Type
9.5.5.2.2 Rest of South and Central America Military Vehicle Armor Market by Vehicle Type
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. MILITARY VEHICLE ARMOR MARKET, KEY COMPANY PROFILES
11.1. AMEFO
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. ATEK DEFENSE SYSTEMS
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. COMPOSHIELD A/S
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. COORSTEK INC.
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. DEW ENGINEERING AND DEVELOPMENT ULC
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. FMS ENTERPRISES UK LTD.
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. KAISER ALUMINUM
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. MTL ADVANCED LTD.
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. MULTOTEC PTY LTD.
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. PERMALI GLOUCESTER LTD.
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
1. AMEFO
2. ATEK Defense Systems
3. Composhield A/S
4. CoorsTek Inc.
5. DEW Engineering and Development ULC
6. FMS Enterprises UK Ltd.
7. Kaiser Aluminum
8. MTL Advanced Ltd.
9. Multotec Pty Ltd.
10. Permali Gloucester Ltd.
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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