The report “Vehicle Armor Materials Market by Type (Metals & Alloys, Ceramics, Composites, Fiberglass, Aramid Fibers), Application (Defense, Para Military, Police, Security Agencies, Personal), and Region (North America, Europe, APAC, ROW) – Global Forecast to 2029″, is projected to reach USD 9.3 billion by 2029, at a CAGR of 6.7% from USD 6.7 billion in 2024. The growth of the vehicle armor materials market is propelled by a confluence of factors that highlight the evolving demands of modern security and defense requirements. At the forefront, increasing geopolitical tensions and the proliferation of asymmetric warfare have heightened the need for enhanced protective measures for military and civilian vehicles alike. Nations around the world are investing in advanced armor solutions to safeguard personnel and assets against a diverse array of threats, including ballistic, blast, and improvised explosive devices (IEDs). This necessity has catalyzed significant research and development efforts aimed at creating materials that offer superior protection without compromising vehicle performance, leading to innovations in lightweight composites, ceramics, and high-strength alloys. Technological advancements play a pivotal role, enabling the development of materials that provide improved ballistic resistance, durability, and multi-threat protection. The drive for lighter, more efficient armor solutions reflects the dual need for mobility and security, particularly in military contexts where operational flexibility and fuel efficiency are crucial.
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- 187 Market data Tables
- 45 Figures
- 209 Pages and in-depth TOC on “Vehicle Armor Materials Market – Global Forecast to 2029”
Some of the prominent key players are:
· DuPont de Nemours, Inc. (US)
· Saint-Gobain SA (France)
· ATI, Inc. (US)
· Honeywell International Inc. (US)
· Teijin Limited (Japan)
· Alcoa Corporation (US)
· Tata Steel Limited (India)
· Ceramtec (Germany)
· SAAB AB (Sweden)
· Morgan Advanced Materials (UK)