The armor materials market is poised to grow at a CAGR of around 7.8% over the next decade to reach approximately $15.96 billion by 2025.
Some of the prominent trends that the market is witnessing include development of advanced weapons and ammunition, rising security concerns in the emerging economies, soaring demand for lightweight protection solutions and growth opportunities/investment opportunities.
Based on product the market is segmented into metals & alloys, ceramics, composites, para-aramid fiber, uhmwpe, fiberglass and other armor materials. Furthermore metals & alloys are divided into high-density steel, aluminium and titanium. Ceramics is segmented into aluminium oxide, silicon carbide and boron carbide. Composites are segmented by fibers, fabrics, matrix materials, prepregs, hybrid composites and 3d composites.
By application the market is categorized into vehicle armor, aerospace armor, body armor, civil armor and marine armor.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2014, 2015 revenue estimations are presented for 2016 and forecasts from 2017 till 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
This report provides data tables, includes charts and graphs for visual analysis.
Regional Analysis: North America - US - Canada - Mexico
Europe - France - Germany - Italy - Spain - UK - Rest of Europe
Asia Pacific - China - Japan - India - Australia - New Zealand - Rest of Asia Pacific
Middle East - Saudi Arabia - UAE - Rest of Middle East
Latin America - Argentina - Brazil - Rest of Latin America
Rest of the World - Africa - Caribbean
Report Highlights: - The report provides a detailed analysis on current and future market trends to identify the investment opportunities - Market forecasts till 2025, using estimated market values as the base numbers - Key market trends across the business segments, Regions and Countries - Key developments and strategies observed in the market - Market Dynamics such as Drivers, Restraints, Opportunities and other trends - In-depth company profiles of key players and upcoming prominent players - Growth prospects among the emerging nations through 2025 - Market opportunities and recommendations for new investments
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