Global Armor Materials Market Insights Forecasts to 2032

• The Armor Materials Market Size was valued at USD 7.10 Billion in 2022.
• The Market Size is Growing at a CAGR of 10.7% from 2022 to 2032
• The Worldwide Armor Materials Market Size is expected to reach USD 14.26 Billion by 2032
• Asia Pacific is expected To Grow the fastest during the forecast period

The Global Armor Materials Market Size is expected to reach USD 14.26 Billion by 2032, at a CAGR of 10.7% during the forecast period 2022 to 2032.

Armour materials are the materials used to make protective gear, which is frequently used by military personnel, law enforcement officials, and others working in dangerous areas. Different types of armour offer varying degrees of defence against particular threats. Making personal protection equipment, such as bulletproof vests, helmets, and protective suits, is one of the most widespread uses of armour materials. These devices are frequently worn by military personnel, law enforcement officers, security guards, and those in hazardous occupations to protect themselves against bullets, shrapnel, and other ballistic dangers. Armour materials are used to develop and build armoured vehicles, such as military tanks, armoured personnel carriers (APCs), and civilian armoured vehicles. These materials shield passengers from risks such as small-arms fire, explosives, and other possible hazards.

Impact of COVID-19 On Global Armor Materials Market

Lockdowns, travel restrictions, and restricted manufacturing capacity may have caused supply chain disruptions in the armor materials sector, as well as many other markets. This might have caused delays in the manufacturing and delivery of armor components. Depending on the industries that depend significantly on these components, the demand for armor materials might have changed during the pandemic. For instance, while demand from other industries, such as aviation and tourism, may have decreased, PPE and body armor need for police enforcement and healthcare professionals may have increased. The pandemic's economic effects may have affected defense spending in different nations. Spending cuts on the military could have had an impact on contracts for military hardware, especially materials for armor. Companies and research organizations may have changed their priorities to focus on the pandemic's immediate requirements. This might have hindered research and development (R&D) efforts for armor materials and impeded progress.

Key Market Drivers

In order to strengthen their armed forces and safeguard their nations' security, many nations were raising their defense spending. The demand for cutting-edge armor materials for military troops and equipment was being driven by this trend. Personal protection equipment and armored vehicles were in greater demand for military and law enforcement applications due to the rising threat of terrorism and armed conflict in numerous locations. Armor-making materials were not just used in the military and defense industries. The industry was also expanding due to civil uses including body armor for law enforcement agents, private security guards, and others in high-risk professions. Luxury and high-security automobiles are now equipped with more sophisticated safety features, such as armor materials, due to the automotive industry. In order to increase security and defend against potential threats, armor materials were used in the planning and constructing of important infrastructure, including government buildings, embassies, and data centers. More and more military operations and law enforcement operations involved urban warfare scenarios, which called for the employment of better armor materials.

Key Market Challenges

Advanced armor materials frequently have greater production costs, which raises the cost to the end user. Affordableness becomes a critical issue, particularly for individuals, small military units, and law enforcement organizations with tight budgets. While armor materials offer protection, they can also add a large amount of weight, which can limit the wearer's or the equipment's movement and agility. Finding a balance between safety and mobility is still difficult. Armor materials must evolve to counter new threats. In order to effectively combat new dangers, armor materials must constantly advance as new weapons and technologies are developed. Public perception issues regarding the use of armor materials can occasionally arise, especially in civilian contexts. Armoured vehicles could be viewed by the public as being militarized or requiring too much security.

Market Segmentation

Material Insights

Metal and alloys segment is dominating the market over the forecast period

On the basis of material, the global armor materials market is segmented into Metals & Alloys, Ceramics, Para-aramid Fiber, UHMWPE, Others. Among these, the metal and alloys segment is dominating the market with the largest market share over the forecast period. Due to their inherent strength and resistance to ballistic impacts and other dangers, metals and alloys have been employed as armor materials for a very long time. As a result of their ability to effectively deflect projectiles, metals like steel have been utilized in the construction of armor for ages. The usage of these materials in contemporary armor systems has been fueled by their well-established track record and widespread availability. A result of ongoing research and development work are advanced metal alloys with better characteristics. These new alloys are lighter and more resilient than conventional steel while providing improved protection. Metals and alloys are used in a variety of armor systems, including reinforced buildings and vital infrastructure protection as well as human body armor and vehicle armor.

Application Insights

Body armor segment holds the highest market share over the forecast period

Based on the application, the global armor materials market is segmented into Vehicle Armor, Aerospace Armor, Body Armor, Civil Armor, Marine Armor. Among these, body armor segment holds the highest market share over the forecast period. Body armor, such as bulletproof vests, helmets, and other protective gear worn by soldiers, law enforcement agents, and people in high-risk occupations, has become crucial for providing personal protection against ballistic threats. The demand for body armor among law enforcement and military personnel has surged due to the rise in terrorist activities, armed conflicts, and violent crimes around the world. To improve the safety and efficacy of their people, several nations have been updating their military forces and law enforcement organizations, which has led to the adoption of advanced body armor. In particular for people in risky occupations or facing possible dangers, a growing market for civilian body armor has resulted from increased awareness of personal defense and safety.

Regional Insights

North America is dominating the market over the forecast period

North America is dominating the market with the largest market share over the forecast period. The market for armor materials in various applications is driven by North America, which is mostly made up of the United States and Canada. This region has a well-established defense sector and strong law enforcement organizations. With one of the greatest defense budgets in the world, the United States in particular makes significant investments in military hardware and safety gear, such as armor materials. The demand for armor materials to defend vital infrastructure and personnel has increased as a result of the region's focus on counterterrorism and homeland security. In order to better protect personnel and equipment, new armor materials have been adopted as part of ongoing military modernization initiatives. Major exporters of armor materials and other defense technology, particularly the US and Canada, have considerable impact on the world market.

Asia Pacific is witnessing the fastest market growth over the forecast period. To modernize and strengthen their armed forces, many Asia-Pacific nations have been raising their defense spending budgets. This has increased the need for cutting-edge armor materials for military troops and apparatus. The demand for better protection and body armor for military and security personnel has been prompted by the region's numerous security issues, such as territorial disputes and cross-border clashes. The Asia-Pacific region has experienced rapid industrial growth, which has raised demand for protective gear for employees in dangerous industries like mining and construction. The necessity for body armor for police forces operating in urban warfare and crowd control scenarios has increased as urban centers expand.

Recent Market Developments

• In January 2020, the military technology company Avon Rubber, based in the UK, recently announced the purchase of 3M Company for about USD 91 million. 

List of Key Companies

• E. I. Du Pont De Nemours and Company
• DSM NV
• Honeywell International Inc
• Compagnie de Saint-Gobain SA
• Allegheny Technologies Incorporated
• 3M Ceradyne Inc.
• Alcoa Corporation
• Royal TenCate NV
• Saab AB
• CoorsTek Inc.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global Armor Materials Market based on the below-mentioned segments:

Armor Materials Market, Materials Analysis

• Metals & Alloys
• Ceramics
• Para-aramid Fiber
• UHMWPE
• Others

Armor Materials Market, Application Analysis

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

Armor Materials Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa