Title: Armor Materials Market growth outlook with industry review and forecast 2018-2025
1Armor Materials Market share growth trends and
Forecast by 2025
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2 Global Market Scenario of Armor Materials
Industry
- Armor Materials Market is regulated by various
standards and acts governed by three regulatory
bodies which are Underwriters Laboratories (UL
India), National Institute of Justice (NIJ) and
United States Department of Defense (DoD). These
regulations are led down to check the
impenetrability quality of the body armor and
to control the possession of the armor through
Body Armor Control Act and Body Armor Possession
Act 2015. - Armor Materials Market size is expected to grow
with a considerable CAGR during the projected
timeperiod due to the increasing focus on the
survivability of the soldiers in various defense
organizations. The lack of ballistic protection
and continuous rise in modern artillery
technologies and equipments will surely augment
the market for protection materials. - Armors are basically of two types i.e. personal
armor, used to protect soldiers war animals and
vehicle armor, used on warships and armored
fighting vehicles. Even transporting defense
personnels or any crucial merchandise require
armored vehicles for the safe travel to the
destination. Many new protective materials have
been introduced to make the armor lightweight and
impenetrable. - The Future Integrated Soldier Technology (or
FIST), a project by British Army is likely to
drive the armor materials market. The aim is to
improve the regiments battle effectiveness by
integrating a soldier with all kinds of modern
equipments, weapons, sighting systems and defense
materials. -
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3- Product Analysis-
- Based on materials, armor materials market size
is segmented into composite fabrics, para-aramid
fibers, UHMWPE, ceramics, fiberglass and other
armor materials. UHMWPE is a subcategory of
thermoplastic polyethylene. The material has long
chemical chains that makes it a sturdy material
with high impact strength. - It possesses excellent abrasion resistance
property. UHMWPE rifle protection plates are one
of the most lightweight rifle plates present in
the market. These plates stop almost 6 rounds of
7.62 x 51, 7.62 x 39 and 5.56 full metal jacket
bullets. It provides high ballistic resistance
and durable performance which will augment the
armor material market in the near future. - Regional Trends-
- The armor materials market size has huge
opportunities for growing in the Asia-Pacific.
The large-scale urbanization activities on going
in the region and growing border disputes would
become a boon for the armor materials market. For
instance, South Korea is under imminent danger
from North Korea from its continuous nuclear
threats, that instantly demands better personal
protection and weapons for the national army. - The rising need for distributing personal
protection armors to the army in the Asia Pacific
region, along with regular investments from the
government for obtaining high end ammunitions and
protection equipment are likely to propel the
armor material market size.
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5- Competitive Trends
- Armor materials market size share is commanded by
various defense manufacturing players. Some of
the key players involved in the business are Du
Pont, 3M, Honeywell International, Saab AB, DSM
NV, Tata Steel Limited, Tencate NV, Allegheny
Technologies, Saint Gobain, Alcoa Corporation,
ATI, Craig International Ballistics Pty Ltd.,
Pacific Safety Products, Point Blank Enterprises
and JPS Composite Materials.
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