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Armor Materials Market by Material Type (Metals & Alloys, Ceramics, Composites, Para-Aramid Fibers, Ultra-high-molecular-weight Polyethylene (UHMWPE), Fiberglass, and Others) and Application (Vehicle, Aerospace, Body, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
| A06826 | Pages: 245 | Aug 2020 | 1528 Views | | |
| Author(s) : Pratik Mandon , Eswara Prasad | Tables: 108 | Charts: 42 | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
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Request Now !Armor Materials Market Outlook -2027
The global armor materials market size was valued at $10.6 billion in 2019, and is projected to reach $15.7 billion by 2027, growing at a CAGR of 5.3% from 2020 to 2027.
Covid-19 pandemic led to more spending on healthcare and safeguarding the economy, which may reduce the defense budget even for developed nations; thus, negatively impacting the market growth for armor materials.
Armor materials are used as protective clothing against any impact of projectiles or other weapons. Advanced ceramics are widely used to produce lightweight body armors that are effective against bullets. The armor made of advanced fiber absorbs the impact of bullets by dispersing the energy across large area of the armor. The armor materials are widely used in various applications including vehicle, aerospace, and body armors.
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Growing application of lightweight aluminum alloys in military vehicles such as personnel carriers, will propel the market growth. Due to improved performance, lightweight aluminum alloys are used for transporting equipment including air transport for military vehicles. Additionally, good corrosion resistance and low cost make aluminum alloys a suitable substitute for expensive titanium alloys. Additionally, growing concern from government over safety issues lead to new investment in body armor for police and military personnel; thus enhancing the market size for armor materials. For instance, in January 2019, New Zealand police department invested around $20.7 million in new body armor which was manufactured by Cooneen Protection. Such new initiatives will positively impact the armor materials market growth. However, metals and alloys used in body armor, make the armor heavier compared to other materials such as ceramic or polyethylene fiber. This can lead to lower demand for metals and alloy type armor materials. Nonetheless, advanced armor plates, such as ATI K12-MIL made of alloys steel, provide high toughness as compared to other ceramic systems; thus, creating new opportunities in the market.
The armor materials market is segmented on the basis of material type, application, and region. On the basis of material type, it is divided into metals and alloys, ceramics, composites, para-aramid fibers, ultra-high-molecular-weight polyethylene (UHMWPE), fiberglass, and others. Based on application, it is categorized into vehicle, aerospace, body, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA, with country level analysis of each region.
Major players have adopted product launch, collaboration, and acquisition to sustain the intense market competition. The key players profiled in the report include DuPont, DSM, Honeywell International Inc, Saint-Gobain, 3M, KONINKLIJKE TEN CATE BV., SAAB AB, and ATI.
Armor Materials Market
By Region
Asia-Pacific exhibits CAGR of 6.8% during 2020-2027
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Global Armor Materials Market, By Region
North America accounted for a significant armor materials market share. This can be attributed to the increasing demand for homeland security applications and development of advanced armor materials and systems for vehicles and aerospace. Additionally, berry amendment act in the U.S. promotes the utilization of domestically produced, manufactured products including armor materials (steel, fiber); thus strengthening the local market growth. The Asia-Pacific Armor Materials market is expected to witness steady growth owing to increasing warfare activities. Moreover, modernization of military programs across countries such as China, Japan, and South Korea, is expected to drive the market demand for vehicle and aerospace armor materials.
Armor Materials Market
By Material Type
Composites is projected as the most lucrative segment
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Global Armor Materials Market, By Material Type
The metals and alloys segment accounted for a significant revenue share in 2019, owing to growing application of titanium and its alloys in military armor and vehicles, which is expected to drive the market growth. Titanium exhibits low density and high corrosion resistance, thus reducing the total body weight of the vehicle and body armor. For instance, according to a report by Total Materia, after replacing 1/2-inch armor plate with 5/8-inch titanium armor, researchers witnessed 25% weight reduction of that armor with equal resistance to ballistic attack.
Armor Materials Market
By Application
Body Armor Material is projected as the most lucrative segment
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Global Armor Materials Market, By Application
The vehicle segment accounted for the significant revenue share in 2019, owing to growing application of lightweight aluminum alloys in military vehicles such as personnel carriers, will propel the market growth. Due to improved performance, lightweight aluminum alloys are used for transporting equipment including air transport for military vehicles.
COVID-19 Scenario Analysis:
- The global armor materials market has been severely impacted by the outbreak of COVID-19 across the globe.
- This is attributed to stringent regulations imposed to maintain social distancing and extended lockdown. Manufacturers are unable to operate at full strength, which has led to decrease in production capacity.
- In many nations, the defense equipment, including armors, weapons, and vehicles are imported from other countries. However, in the midst of the pandemic, due to the restrictions on cross border imports, the supply chain is completely disrupted.
- Moreover, the upstream and downstream channel of the manufacturers have been affected due to restrictions on movement, and implementation of nationwide lockdown.
Key Benefits For Stakeholders
- The global armor materials market analysis covers in-depth information of major industry participants.
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries have been mapped according to their individual revenue contribution to the regional market.
- The report provides an in-depth analysis of the global armor materials market forecast for the period 2020–2027.
- The report outlines the current armor materials market trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
- The key drivers, restraints, and armor materials market opportunity and their detailed impact analysis is elucidated in the study.
Key Market Segments
By Material Type
- Metals & Alloys
- Ceramics
- Composites
- Para-Aramid Fibers
- Ultra-high-molecular-weight Polyethylene (UHMWPE)
- Fiberglass
- Others
By Application
- Vehicle
- Aerospace
- Body
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- Russia
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- Turkey
- Rest of LAMEA
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO perspective
CHAPTER 3:MARKET LANDSCAPE
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.4.Market share analysis & Top player positioning, 2019
3.4.1.Top player positioning, 2019
3.5.Market dynamics
3.5.1.Drivers
3.5.1.1.Growing application of lightweight materials
3.5.1.2.Growing concern from government over safety issues
3.5.1.3.Rising number of warfare activities
3.5.2.Restraint
3.5.2.1.Replacement for heavy metals and alloys used in body armor with light weight
3.5.3.Opportunity
3.5.3.1.Advancements in armor materials plates
3.6.Impact of Covid-19 Outburst on Armor Materials Market
CHAPTER 4:ARMOR MATERIALS MARKET, BY MATERIAL TYPE
4.1.Overview
4.1.1.Market size and forecast
4.1.2.Metals and Alloys
4.1.2.1.Key market trends, growth factors, and opportunities
4.1.2.2.Market size and forecast, by region
4.1.3.Ceramics
4.1.3.1.Key market trends, growth factors, and opportunities
4.1.3.2.Market size and forecast, by region
4.1.4.Composites
4.1.4.1.Key market trends, growth factors, and opportunities
4.1.4.2.Market size and forecast, by application
4.1.4.3.Market size and forecast, by region
4.1.5.Para-Aramid Fibers
4.1.5.1.Key market trends, growth factors, and opportunities
4.1.5.2.Market size and forecast, by region
4.1.6.Ultra-high-molecular-weight Polyethylene
4.1.6.1.Key market trends, growth factors, and opportunities
4.1.6.2.Market size and forecast, by region
4.1.7.Fiberglass
4.1.7.1.Key market trends, growth factors, and opportunities
4.1.7.2.Market size and forecast, by region
4.1.8.Others
4.1.8.1.Key market trends, growth factors, and opportunities
4.1.8.2.Market size and forecast, by region
CHAPTER 5:ARMOR MATERIALS MARKET, BY APPLICATION
5.1.Overview
5.1.1.Market size and forecast
5.1.2.Vehicle
5.1.2.1.Key market trends, growth factors, and opportunities
5.1.2.2.Market size and forecast, by region
5.1.3.Aerospace
5.1.3.1.Key market trends, growth factors, and opportunities
5.1.3.2.Market size and forecast, by region
5.1.4.Body
5.1.4.1.Key market trends, growth factors, and opportunities
5.1.4.2.Market size and forecast, by region
5.1.5.Others
5.1.5.1.Key market trends, growth factors, and opportunities
5.1.5.2.Market size and forecast, by region
CHAPTER 6:ARMOR MATERIALS MARKET, BY REGION
6.1.Overview
6.1.1.Market size and forecast
6.2.North America
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by Material Type
6.2.3.Market size and forecast, by application
6.2.4.Market share analysis, by country
6.2.5.U.S.
6.2.5.1.Market size and forecast, by Material Type
6.2.5.2.Market size and forecast, by application
6.2.6.Canada
6.2.6.1.Market size and forecast, by Material Type
6.2.6.2.Market size and forecast, by application
6.2.7.Mexico
6.2.7.1.Market size and forecast, by Material Type
6.2.7.2.Market size and forecast, by application
6.3.Europe
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by Material Type
6.3.3.Market size and forecast, by application
6.3.4.Market share analysis, by country
6.3.5.Germany
6.3.5.1.Market size and forecast, by Material Type
6.3.5.2.Market size and forecast, by application
6.3.6.UK
6.3.6.1.Market size and forecast, by Material Type
6.3.6.2.Market size and forecast, by application
6.3.7.France
6.3.7.1.Market size and forecast, by Material Type
6.3.7.2.Market size and forecast, by application
6.3.8.Italy
6.3.8.1.Market size and forecast, by Material Type
6.3.8.2.Market size and forecast, by application
6.3.9.Russia
6.3.9.1.Market size and forecast, by Material Type
6.3.9.2.Market size and forecast, by application
6.3.10.Rest of Europe
6.3.10.1.Market size and forecast, by Material Type
6.3.10.2.Market size and forecast, by application
6.4.Asia-Pacific
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by Material Type
6.4.3.Market size and forecast, by application
6.4.4.Market share analysis, by country
6.4.5.China
6.4.5.1.Market size and forecast, by Material Type
6.4.5.2.Market size and forecast, by application
6.4.6.Japan
6.4.6.1.Market size and forecast, by Material Type
6.4.6.2.Market size and forecast, by application
6.4.7.India
6.4.7.1.Market size and forecast, by Material Type
6.4.7.2.Market size and forecast, by application
6.4.8.South Korea
6.4.8.1.Market size and forecast, by Material Type
6.4.8.2.Market size and forecast, by application
6.4.9.Rest of Asia-Pacific
6.4.9.1.Market size and forecast, by Material Type
6.4.9.2.Market size and forecast, by application
6.5.LAMEA
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by Material Type
6.5.3.Market size and forecast, by application
6.5.4.Market share analysis, by country
6.5.5.Brazil
6.5.5.1.Market size and forecast, by Material Type
6.5.5.2.Market size and forecast, by application
6.5.6.Saudi Arabia
6.5.6.1.Market size and forecast, by Material Type
6.5.6.2.Market size and forecast, by application
6.5.7.Turkey
6.5.7.1.Market size and forecast, by Material Type
6.5.7.2.Market size and forecast, by application
6.5.8.Rest of LAMEA
6.5.8.1.Market size and forecast, by Material Type
6.5.8.2.Market size and forecast, by application
CHAPTER 7:COMPETITIVE LANDSCAPE
7.1.Introduction
7.2.Product mapping of top 10 players
7.3.Competitive Heatmap
7.4.Key development
7.4.1.New Product
7.4.2.Collaboration
7.4.3.Acquisition
CHAPTER 8:COMPANY PROFILES
8.1.DuPont
8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product Portfolio
8.1.5.Business performance
8.2.DSM
8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.Business performance
8.2.6.Key strategic moves and developments
8.3.Honeywell International Inc
8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product Portfolio
8.3.5.Business performance
8.3.6.Key strategic moves and developments
8.4.Saint-Gobain
8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product Portfolio
8.4.5.Business performance
8.4.6.Key strategic moves and developments
8.5.3M
8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product Portfolio
8.5.5.Business performance
8.6.KONINKLIJKE TEN CATE BV.
8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product Portfolio
8.6.5.Business performance
8.7.ATI
8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.Business performance
8.8.SAAB AB
8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product Portfolio
8.8.5.Business performance
8.9.CERAMTEC
8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio
8.9.5.Business performance
8.10.CoorsTek, Inc.
8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.10.5.Key strategic moves and developments
LIST OF TABLES
TABLE 01.ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 02.ARMOR MATERIALS MARKET FOR METALS AND ALLOYS, BY REGION, 2019–2027 ($MILLION)
TABLE 03.ARMOR MATERIALS MARKET FOR CERAMICS, BY REGION, 2019–2027 ($MILLION)
TABLE 04.ARMOR MATERIALS MARKET FOR COMPOSITES, BY REGION, 2019–2027 ($MILLION)
TABLE 05.ARMOR MATERIALS MARKET FOR PARA-ARAMID FIBERS, BY REGION, 2019–2027 ($MILLION)
TABLE 06.ARMOR MATERIALS MARKET FOR ULTRA-HIGH-MOLECULAR-WEIGHT POLYETHYLENE, BY REGION, 2019–2027 ($MILLION)
TABLE 07.ARMOR MATERIALS MARKET FOR FIBERGLASS, BY REGION, 2019–2027 ($MILLION)
TABLE 08.ARMOR MATERIALS MARKET FOR FIBERGLASS FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 09.ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 10.ARMOR MATERIALS MARKET FOR VEHICLE, BY REGION, 2019–2027 ($MILLION)
TABLE 11.ARMOR MATERIALS MARKET FOR AEROSPACE, BY REGION, 2019–2027 ($MILLION)
TABLE 12.ARMOR MATERIALS MARKET FOR BODY, BY REGION, 2019–2027 ($MILLION)
TABLE 13.ARMOR MATERIALS MARKET FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 14.ARMOR MATERIALS MARKET, BY REGION, 2020-2027 ($MILLION)
TABLE 15.NORTH AMERICA ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 16.NORTH AMERICA ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 17.NORTH AMERICA ARMOR MATERIALS MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 18.U.S. ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 19.U.S. ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 20.CANADA ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 21.CANADA ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 22.MEXICO ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 23.MEXICO ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 24.EUROPE ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 25.EUROPE ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 26.EUROPE ARMOR MATERIALS MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 27.GERMANY ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 28.GERMANY ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 29.UK ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 30.UK ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 31.FRANCE ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 32.FRANCE ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 33.ITALY ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 34.ITALY ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 35.RUSSIA ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 36.RUSSIA ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 37.REST OF EUROPE ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 38.REST OF EUROPE ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 39.ASIA-PACIFIC ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 40.ASIA-PACIFIC ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 41.ASIA-PACIFIC ARMOR MATERIALS MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 42.CHINA ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 43.CHINA ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 44.JAPAN ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 45.JAPAN ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 46.INDIA ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 47.INDIA ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 48.SOUTH KOREA ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 49.SOUTH KOREA ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 50.REST OF ASIA-PACIFIC ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 51.REST OF ASIA-PACIFIC ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 52.LAMEA ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 53.LAMEA ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 54.LAMEA ARMOR MATERIALS MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 55.BRAZIL ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 56.BRAZIL ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 57.SAUDI ARABIA ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 58.SAUDI ARABIA ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 59.TURKEY ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 60.TURKEY ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 61.REST OF LAMEA ARMOR MATERIALS MARKET, BY MATERIAL TYPE, 2019–2027 ($MILLION)
TABLE 62.REST OF LAMEA ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 63.KEY NEW PRODUCT
TABLE 64.KEY COLLABORATION
TABLE 65.KEY ACQUISITION
TABLE 66.DUPONT: COMPANY SNAPSHOT
TABLE 67.DUPONT: OPERATING SEGMENTS
TABLE 68.DUPONT: PRODUCT PORTFOLIO
TABLE 69.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 70.DSM: COMPANY SNAPSHOT
TABLE 71.DSM: OPERATING SEGMENTS
TABLE 72.DSM: PRODUCT PORTFOLIO
TABLE 73.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 74.DSM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 75.HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 76.HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
TABLE 77.HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 78.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 79.HONEYWELL INTERNATIONAL INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 80.SAINT GOBAIN: COMPANY SNAPSHOT
TABLE 81.SAINT GOBAIN: OPERATING SEGMENTS
TABLE 82.SAINT GOBAIN: PRODUCT PORTFOLIO
TABLE 83.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 84.SAINT GOBAIN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 85.3M: COMPANY SNAPSHOT
TABLE 86.3M : OPERATING SEGMENTS
TABLE 87.3M : PRODUCT PORTFOLIO
TABLE 88.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 89.KONINKLIJKE TEN CATE BV.: COMPANY SNAPSHOT
TABLE 90.KONINKLIJKE TEN CATE BV: OPERATING SEGMENTS
TABLE 91.KONINKLIJKE TEN CATE BV: PRODUCT PORTFOLIO
TABLE 92.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 93.ATI: COMPANY SNAPSHOT
TABLE 94.ATI: OPERATING SEGMENT
TABLE 95.ATI: PRODUCT PORTFOLIO
TABLE 96.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 97.SAAB AB: COMPANY SNAPSHOT
TABLE 98.SAAB AB: OPERATING SEGMENTS
TABLE 99.SAAB AB: PRODUCT PORTFOLIO
TABLE 100.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 101.CERAMTEC: COMPANY SNAPSHOT
TABLE 102.CERAMTEC: OPERATING SEGMENTS
TABLE 103.CERAMTEC: PRODUCT PORTFOLIO
TABLE 104.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 105.COORSTEK INC.: COMPANY SNAPSHOT
TABLE 106.COORSTEK INC.: OPERATING SEGMENTS
TABLE 107.COORSTEK INC.: PRODUCT PORTFOLIO
TABLE 108.COORSTEK INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY, BY SEGMENT
FIGURE 03.EXECUTIVE SUMMARY, BY COUNTRY
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06.MODERATE THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.MODERATE INTENSITY OF RIVALRY
FIGURE 09.LOW BARGAINING POWER OF BUYERS
FIGURE 10.TOP PLAYER POSITIONING, 2019
FIGURE 11.ARMOR MATERIALS MARKET DYNAMICS
FIGURE 12.ARMOR MATERIALS MARKET, BY TYPE, 2019–2027 ($MILILION)
FIGURE 13.ARMOR MATERIALS MARKET, BY APPLICATION, 2019–2027 ($MILILION)
FIGURE 14.U.S. ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 15.CANADA ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 16.MEXICO ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 17.GERMANY ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 18.UK ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 19.FRANCE ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 20.ITALY ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 21.ITALY ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 22.REST OF EUROPE ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 23.CHINA ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 24.JAPAN ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 25.INDIA ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 26.SOUTH KOREA ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 27.REST OF ASIA-PACIFIC ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 28.BRAZIL ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 29.SAUDI ARABIA ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 30.TURKEY ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 31.REST OF LAMEA ARMOR MATERIALS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 32.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 33.COMPETITIVE HEATMAP
FIGURE 34.DUPONT: REVENUE, 2017–2019 ($MILLION)
FIGURE 35.DSM: REVENUE, 2017–2019 ($MILLION)
FIGURE 36.HONEYWELL INTERNATIONAL INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 37.SAINT GOBAIN: REVENUE, 2017–2019 ($MILLION)
FIGURE 38.3M: REVENUE, 2017–2019 ($MILLION)
FIGURE 39.KONINKLIJKE TEN CATE BV: REVENUE, 2017–2018 ($MILLION)
FIGURE 40.ATI: REVENUE, 2017–2019 ($MILLION)
FIGURE 41.SAAB AB: REVENUE, 2017–2019 ($MILLION)
FIGURE 42.CERAMTEC: REVENUE, 2017–2019 ($MILLION)
According to the opinions of various CXOs of leading companies, the armor materials market is heading toward an expansion phase. This is mainly attributed to a significant surge in demand for armor material in security of civilians, military and specific areas. The market demand is driven by wide range of armor materials such as metal and alloys, para aramid, and ceramics. In addition, growing preference of lightweight armor materials such as Kevlar aramid fibers and ceramics materials over conventional steel metal alloys, will further enhance the market growth. In addition, increasing warfare activities and modernization of military programs across countries such as China, Japan, and South Korea, is expected to drive the market demand.
Q1. What are the key factors boosting the armor materials market growth?
A. Growing application of lightweight materials, growing concern from government over safety issues, rising number of warfare activities are the key factors boosting the armor materials market growth.
Q2. How much is the armor materials market worth in the future?
A. Armor materials market worth $15.7 billion in 2027.
Q3. Which are the top companies in the armor materials industry?
A. Honeywell International Inc., DuPont, 3M, ATI, Saab AB, Saint Gobain, DSM and Ceramtec are the top companies in the armor materials industry.
Q4. What are the opportunities in the armor materials market?
A. Advancements in armor materials plates, such as ATI K12-MIL made of alloys steel, provide high toughness as compared to other ceramic systems; thus, creating lucrative opportunities in the market.
Q5. Which industry is projected to increase the demand for armor materials Market?
A. Composites is projected to increase the demand for armor materials Market.
Q6. What are the factors influencing the growth of armor materials Market?
A. Growing application of lightweight materials, growing concern from government over safety issues, replacement for heavy metals and alloys used in body armor, rising number of warfare activities, and new advancements in armor materials are the factors influencing the growth of armor materials Market.
Q7. Which end user segment would steer the armor materials market ahead?
A. Body armor end user segment would steer the armor materials market ahead.
Q8. Which applications are expected to drive the adoption of Armor Material?
A. Vehicle armor, aircraft, and body armor are expected to drive the adoption of Armor Material.
Q9. How will the COVID-19 pandemic impact the armor materials market in 2020?
A. • Extended lockdown may impact the growth for armor materials in long run due to limited production and postponement of contracts. • Owing to stringent regulations imposed to maintain social distancing, manufacturers are not being able to operate at full strength, which has led to decrease in production capacity. • In many nations, the defence equipment, including armors, weapons, and vehicles are imported from other countries. However, in the midst of the pandemic, due to the restrictions in transport, the supply chain is completely disrupted. Moreover, the logistics chains of the manufacturers have been affected, due to restrictions on movement and implementation of nationwide lockdown. • Furthermore, due to social distancing norms during COVID-19, manufacturing firms are working with limited workforce; thus, negatively impacting the production process. • However, implementation of IOT and automation may reduce the need of labors wherever possible and increase operational efficiency. The automated packaging involving smart robots can reduce the workers on shop floors; thus, maintaining social distancing norms.
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