Armor Materials Market

Global Armor Materials Market:

The global armor materials market size reached US$ 12.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 19.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032. The increasing defense and military expenditure, rising security threats and terrorism, ongoing technological advancements, and expansion of vehicle and aircraft amor are primarily driving the market's growth.

Armor Materials Market Analysis:

• Major Market Drivers: Significant growth in the military and defense industries is one of the key factors creating a positive outlook for the market. Moreover, the widespread product utilization to protect military vehicles from bullets, shrapnel and missiles is favoring the armor materials market growth.
• Key Market Trends: Various product innovations, such as the launch of lightweight armor materials that are highly sustainable and flexible and provide enhanced protection to the users, are providing a thrust to the armor materials market share. Besides this, the widespread adoption of ultra-high-molecular-weight polyethylene to manufacture flexible, lightweight, and durable bulletproof vests, along with the implementation of various government initiatives to promote soldier modernization strategy, especially in the developing nations, are anticipated to drive the market toward growth.
• Competitive Landscape: Some of the prominent armor materials market companies include Allegheny Technologies Incorporated, Avon Rubber p.l.c., CeramTec TopCo GmbH, CoorsTek Inc., DuPont de Nemours Inc., Honeywell International Inc, Koninklijke DSM N.V., Koninklijke Ten Cate B.V., Morgan Advanced Materials, PPG Industries Inc., Saab AB, and Saint-Gobain S.A., among many others.
• Geographical Trends: According to the armor materials market dynamics, North America dominates the overall market. Governments across North America region have significantly increased their defense budgets to upgrade and modernize military equipment. This includes investments in advanced armor systems for soldiers, vehicles, and aircraft, further escalating the market's growth.
• Challenges and Opportunities: The high development and product costs of advanced armor materials, and the rising competition among key players are hampering the armor materials market share. However, the development of smart materials that can adapt to different conditions, threats, or impact forces is an emerging trend. This creates an opportunity for companies to differentiate their offerings by creating armor systems that provide tailored protection in real-time.
   

Armor Materials Market Trends:

Rising Defense Budgets

Governments around the world, particularly in developing regions and major economies, are increasing defense budgets to enhance their military capabilities. For instance, in September 2024, Russia planned to increase defense spending by 25% to its highest level on record. The latest anticipated increase in spending will boost Russia's defense budget to a record 13.5 trillion rubles (£109 billion) in 2025. Similarly, in March 2024, China unveiled a defense budget draft for 2024 totaling nearly 1.66554 trillion yuan ($231.36 billion), a 7.2% increase over the previous year. This includes investment in advanced armor materials for personal protection, vehicle armor, and aircraft shielding. These factors are expected to propel the armor materials market share in the coming years.

Growing Security Threats

The growing risk of terrorism, insurgencies, and cyberattacks has led to heightened demand for protective materials. There has been a significant increase in the risk of cyberattacks across various regions. For instance, according to Statista, three out of every four organizations in the United States were vulnerable to a material cyberattack in 2023. Cyberattacks have steadily increased in recent years, with an estimated 480 thousand in 2022. Homeland security agencies and law enforcement organizations are seeking advanced body armor and vehicle protection systems to counter such threats.  These factors further positively influence the armor materials market size.

Technological Innovations

Technological advancements in the Armor Materials Market are key to enhancing the protective capabilities, weight reduction, and overall performance of armor systems. These innovations include the development of more efficient, lighter, and stronger materials that can withstand a range of threats, from ballistic impacts to explosives and even chemical or biological hazards. For instance, in December 2023, Dyneema, a ballistic material manufacturer with production facilities in the U.S., and the Netherlands, and technical centers on three continents launched high-performance bio-based armor third-generation UD material, SB301, thereby boosting the armor materials market growth.

Global Armor Materials Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global armor materials market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type, protection type, and application.

Breakup by Type:

• Metals and Alloys
• Ceramics
• Composites
• Para-Aramid Fibers
• Ultra-High-Molecular-Weight Polyethylene
• Fiberglass
• Others
   

Metals and alloys currently hold the largest market share

The report has provided a detailed breakup and analysis of the armor materials market based on the type. This includes metals and alloys, ceramics, composites, para-aramid fibers, ultra-high-molecular-weight polyethylene, fiberglass, and others. According to the report, metals and alloys currently hold the largest market share.

According to the armor materials market outlook, the need for armor materials to resist high-velocity projectiles (e.g., bullets, shrapnel) is a primary driver for the use of metals and alloys. Materials like high-hardness steel, aluminum alloys, and titanium are selected for their ability to absorb and dissipate kinetic energy. Moreover, modern warfare and defense scenarios involve Improvised Explosive Devices (IEDs) and other blast threats. Metals like high-strength steel and advanced composites often incorporate alloys like nickel or molybdenum to provide superior blast resistance.

Breakup by Protection Type:

• Airborne Ballistics
• Blasts and Explosion
   

The report has provided a detailed breakup and analysis of the armor materials market based on the protection type. This includes airborne ballistics, and blasts and explosion.

According to the armor materials market overview, airborne ballistics refers to the projectiles launched by firearms, such as bullets, missiles, and shrapnel from explosive devices. As ballistic threats become more sophisticated, with higher velocities and greater penetration power, the demand for advanced armor materials has increased. Moreover, protection against blasts, such as those caused by improvised explosive devices (IEDs), mines, and vehicle-borne explosives, presents a different set of challenges. These events generate massive overpressures, thermal damage, and flying debris, necessitating materials that can withstand both the initial shockwave and secondary effects.

Breakup by Application:

• Aerospace
• Body Armor
• Civil Armor
• Marine Armor
• Vehicle Armor
   

Body armor exhibits a clear dominance in the market

The report has provided a detailed breakup and analysis of the armor materials market based on the application. This includes aerospace, body armor, civil armor, marine armor, and vehicle armor. According to the report, body armor exhibits a clear dominance in the market.

The nature of modern combat and policing environments has led to increased demand for body armor materials capable of stopping a wide range of threats, from handguns and rifles to explosives and sharp weapons. Moreover, the widespread availability of firearms, especially high-caliber and armor-piercing rounds, necessitates body armor that can effectively stop or reduce the penetration of these projectiles.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

 North America currently dominates the global market

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America currently dominates the global market.

According to the armor materials market statistics, North America, as one of the largest defense spenders globally, is a significant driver of the armor materials market. The U.S. military continuously invests in advanced armor systems to equip soldiers, vehicles, aircraft, and naval vessels, driving demand for lightweight, durable, and high-strength materials. For instance, in 2019, the U.S. Army spent nearly US $245.4 million in total on body armor. Furthermore, the growing concern over domestic security, terrorism, and civil unrest is driving demand for armor materials in law enforcement and homeland security applications. Police forces and security agencies increasingly require body armor, vehicle armor, and infrastructure protection in response to rising threats in urban environments.

Competitive Landscape:

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include: 

• Allegheny Technologies Incorporated
• Avon Rubber p.l.c.
• CeramTec TopCo GmbH
• CoorsTek Inc.
• DuPont de Nemours Inc.
• Honeywell International Inc.
• Koninklijke DSM N.V.
• Koninklijke Ten Cate B.V.
• Morgan Advanced Materials
• PPG Industries Inc.
• Saab AB
• Saint-Gobain S.A.
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Armor Materials Market Recent Developments:

• July 2024: The Ukrainian Ministry of Defense conducted laboratory tests on a new lightweight body armor variant. This body armor is notable for its lightweight design, mobility, and ease of maneuverability during attack and special operations missions.
• January 2024: DuPont and Point Blank Enterprises (PBE), a protective solutions for military and law enforcement professionals, collaborated to sell body armor constructed with Kevlar® EXO™ aramid fiber to North American State and Local Law Enforcement organizations.
• December 2023: Dyneema, a ballistic material manufacturer with production facilities in the US, and Netherlands, and technical centers on three continents launched high-performance bio-based armor third-generation UD material, SB301.

Armor Materials Market Report Scope:

Key Benefits for Stakeholders:

• IMARC's report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the armor materials market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global armor materials market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the armor materials industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.