Armor Market to reach USD 67.36 Bn by 2029, emerging at a CAGR of 6.27 percent and forecast (2022-2029)

Armor Market Report Scope and Research Methodology

The report is based on a thorough research methodology, including extensive primary and secondary research, data collection from reliable sources, and rigorous analysis by industry experts. The insights provided in the report offer a comprehensive understanding of the armor market landscape.

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What are Armor Market Dynamics?

Growing conflicts, political unrest, and rising instances of terrorism worldwide have propelled the military, law enforcement forces, and materials science community to develop effective security solutions. Various governments, including the United States, China, India, Russia, and the United Kingdom, have increased their military expenditures, which positively impact the armor market growth.

The high production costs of defense products and government regulations on the production and application of armor materials may hinder the market's growth to some extent.

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What is Armor Market Segmentation?

by Material
• Metals and Alloys
• Ceramics
• Composites
• Para-aramid Fiber
• Ultra-high-molecular-weight Polyethylene
• Fiberglass
• Others

by Application
• Vehicle Armor
• Body Armor
• Aerospace Armor
• Marine Armor

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Who are Armor Market Key Players?

• BAE Systems
• Ballistic Body Armor Ltd
• Du Pont De Nemours and Company
• 3M Ceradyne Inc.
• Morgan Advanced Materials PLC
• SAAB AB
• Craig International Ballistics Pty Ltd.
• Aegis Engineering Ltd.
• AR500 Armor
• Honeywell International Inc
• Saint-Gobain
• Koninklijke ten cate Bv.
• ATI
• Ceramtec
• CoorsTek, Inc.

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Table of content for the Armor Market includes:

1. Global Armor Market: Research Methodology

2. Global Armor Market: Executive Summary

• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3. Global Armor Market: Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

4. Global Armor Market Segmentation

• Global Market, by Material (2021-2029)
• Global Market, by Application (2021-2029)

5. Regional Armor Market (2021-2029)

• Regional Market, by Material (2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by Country (2021-2029)

6. Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

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Regional Insights:

• Asia Pacific held the largest market share of 31.29% in 2021 and is projected to grow at a CAGR of 6.9% during the forecast period. Increasing defense budgets in countries like India and China, along with the modernization of military programs, are driving the growth of the armor market in the region.

• North America accounted for 28.71% of the market share in 2021. The region benefits from significant customer and manufacturing presence in the armor market, fueled by advancements in military and defense technology. The United States, in particular, has witnessed substantial defense spending and is expected to continue investing in this sector.

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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