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Growing Security Concerns at Carious End-use Cases Triggering Demand for Airborne Ballistic Armour Steel Plates – Fact.MR Study
Armour Steel Plate Market
The report offers actionable and valuable market insights of Airborne Ballistic Airborne Ballistic Armour Steel Plates. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Airborne Ballistic Airborne Ballistic Armour Steel Plates Market across various industries and regions.
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Latest armour steel plate industry analysis shows that global demand enjoyed year-on-year (YoY) growth of 2.8% in 2021 to total 1,470 KT. Airborne ballistics displayed growth of 2.9% to total 1,080 KT, while the blast & explosion protection segment was up 2.7% to 390 KT. The global market for Airborne Ballistic Armour Steel Plates is set to rise at a steady CAGR of around 4% over the next ten years.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Airborne Ballistic Airborne Ballistic Armour Steel Plates market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Airborne Ballistic Airborne Ballistic Armour Steel Plates
A detailed assessment of armour steel plate value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the armour steel plate market along with their product portfolio enhances the reliability of this comprehensive research study.
This newly published and insightful report sheds light on Market Insights of Airborne Ballistic Airborne Ballistic Armour Steel Plates, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Airborne Ballistic Airborne Ballistic Armour Steel Plates Market.
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Market Segments Covered in Armour Steel Plate Industry Analysis
By Protection Type
Airborne Ballistic Armour Steel Plates
Blast & Explosion Armour Steel Plates
By Application
Airborne Ballistic Armour Steel Plates for Battle Tanks
Airborne Ballistic Armour Steel Plates for Bulletproof Vehicles
Airborne Ballistic Armour Steel Plates for Bulletproof Jackets
Airborne Ballistic Armour Steel Plates for Cash-in-transit Trucks
Airborne Ballistic Armour Steel Plates for Security Booths
Airborne Ballistic Armour Steel Plates for Sentry Boxes
Airborne Ballistic Armour Steel Plates for Submarines
Others
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Competitive Landscape
Majority of companies discussed in the report have focused on expansion, investments, acquisitions, delivery, and portfolio expansion.
Some of the key developments are:
In December 2019, ArcelorMittal successfully completed the acquisition of Essar Steel India Limited (ESIL). The acquisition was the company's important strategic step to penetrate its roots in the Indian market. As per the company's report, it has been looking for an opportunity to expand its steel production in the country for over a decade. Essar’s well-located operations, coupled with long-term growth potential in India, will lead to huge profits for ArcelorMittal.
In September 2020, Bisalloy Steel signed an exclusive distribution agreement with CRAS Solutions for distribution of all of Bisalloy Products in the Turkey market. CRAS Solutions is a wholly independent, privately held company focused on distribution of specialized products and this agreement between both the firms will focus on building Bisalloy’s Armour and Protection steel brand in the Turkey market.
Key Takeaways from Market Study
Airborne ballistics is expected to remain the most attractive and likely to witness an absolute dollar opportunity of US$ 448 Mn during 2021 – 2031.
Based on application, bulletproof vehicles are anticipated to be the most lucrative with a BPS of 183.
Demand from cash-in-transit trucks is expected to grow 1.4X during the projection period.
Together, North America and Europe represented over 65% of overall market share in 2020.
The market in East Asia is expected to gain 25 BPS and emerge as a market valued at US$ 277 Mn by 2031.
“Increasing budget allocation for defence by governments all across the globe will drive the market over the years, and demand is set to be high for bulletproof vehicles,” says a Fact.MR analyst.
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Key Question answered in the survey of Airborne Ballistic Airborne Ballistic Armour Steel Plates market report:
Sales and Demand of Airborne Ballistic Airborne Ballistic Armour Steel Plates
Growth of Airborne Ballistic Airborne Ballistic Armour Steel Plates Market
Market Analysis of Airborne Ballistic Airborne Ballistic Armour Steel Plates
Market Insights of Airborne Ballistic Airborne Ballistic Armour Steel Plates
Key Drivers Impacting the Airborne Ballistic Airborne Ballistic Armour Steel Plates market
Which are the Key drivers impacted by Airborne Ballistic Airborne Ballistic Armour Steel Plates market
Restraints Shaping Market Growth
Market Survey of Airborne Ballistic Airborne Ballistic Armour Steel Plates
More Valuable Insights on Airborne Ballistic Airborne Ballistic Armour Steel Plates Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Airborne Ballistic Airborne Ballistic Armour Steel Plates, Sales and Demand of Airborne Ballistic Airborne Ballistic Armour Steel Plates, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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