Modular Composite Armor Market Size to reach USD 7.18 Billion in 2033-Emergen research

The global modular composite armor market size was USD 4.10 Billion in 2023 and is expected to register revenue CAGR of 5.8% during the forecast period, according to latest analysis by Emergen Research. Rising threats and conflicts is a key factor driving market revenue growth. Modular composite armor provides protection against threats, such as ballistic projectiles, shrapnel, and others. The layered construction and advanced materials provide a high level of resistance, which reduces the damage, hence driving market revenue growth. In addition, it allows for customization based on specific threats and mission requirements which ensures that the armor can be utilized to the needs of different military platforms, providing flexibility, thus boosting market revenue growth.

Rising demand for composite armor in law enforcement agencies for enhancing safety of officers in high-risk situations is another factor driving market revenue growth. The durability of composite materials contributes to the longevity of the armor, resulting in extended service life for military vehicles and aircraft, which is also contributing to market revenue growth. The combination of components in composite armor gives strong multi-hit protection against a wide range of fire, including armor-piercing bullets.

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However, the primary factor hampering market revenue growth is high cost associated with the production and implementation of advanced materials. The manufacturing processes and high-quality materials used in modular composite armor are expensive, making it a significant investment for military budgets.
Some Key Highlights from the Report

• Ceramic composites segment accounted for the largest market share in terms of revenue in 2023. Rising demand for ceramic armors since they are used to retain bomb fragments and inhibit bullet penetration which is a key factor driving revenue growth of the segment. These were developed specifically for projectile resistance, with great hardness and compressive strength combined with the benefit of being lightweight. The requirement for lighter protection materials for military application has led to increasing use of ceramic armor materials. Ceramics are light and can absorb more impact energy than any other metal, hence boosting revenue growth of the segment. The most often used ceramic materials for armor applications include alumina, boron carbide, silicon carbide, and titanium diboride.

• Body armor segment accounted for the largest market share in terms of revenue in 2023. Rising demand for composite body armor among military and law enforcement personnel is the key factor driving revenue growth of the segment. One of the key advantages of composite armor is its lightweight design. It provides increased protection while decreasing the total weight burden on the wearer or vehicle which as a result allows for greater mobility and reduces strain on the wearer throughout longer durations of use hence contributing to revenue growth of the segment.

• The North America market accounted for the largest revenue share in 2023. Rising threat of terrorism induce law enforcement agencies and security forces to invest in advanced armor for personnel protection which is a key factor driving revenue growth of the market in this region. Also, growing partnership and product launched by major companies in the region is contributing to revenue growth of the market in this region.

• On 10 September 2023, Integris Composites USA, announced that the US Air Force 582nd Helicopter Group made the first substantial order for the company's Cratus Wave ballistic armor. Integris' hard body armor plates are primarily made of composite materials, such as ceramics, high-performance polyethylene, or a combination. This innovative body armor ballistic insert is thinner and provides the additional benefit of decreasing heat stress.
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Major Companies and Competitive Landscape
Some major companies in the global market report include BAE Systems, Lockheed Martin Corporation, Rheinmetall AG, General Dynamics Corporation, Saab, DuPont, MKU LIMITED, ArmorWorks, Northrop Grumman, Integris, Cristanini, Morgan Advanced Materials, Point Blank Enterprises, Inc., TEIJIN LIMITED, Honeywell International Inc., Superior Graphite, TenCate Protective Fabrics, NobleTek, PPS Group PLC, Survitec Group Limited.

Modular Composite Armor Latest Industry News
• On 9 October 2023, Dyneema, owned by Avient Corporation, a provider of specialty and sustainable material solutions, announced the launch of a next-generation Unidirectional (UD) material innovation based on its third-generation fiber, a game-changing development poised to improve the safety and mobility of law enforcement officers and military forces. Dyneema used molecular engineering to innovate its third-generation fiber at the polymer level. This revolutionary evolution allowed for a higher-tenacity fiber, which boosted ballistic stopping power when utilized in the new UD material, Dyneema SB301, for protective armor applications.

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Emergen Research has segmented the global modular composite armor market on the basis of material type, component, application, end-use, and region:
• Material Type Outlook (Revenue, USD Billion; 2020-2033)
o Ceramic Composites
o Metal Matrix Composites
o Polymer Matrix Composites
o Hybrid Composites
• Component Outlook (Revenue, USD Billion; 2020-2033)
o Hard Armor Plates
o Soft Armor Panels
o Composite Helmets
o Vehicle Armor Kits
• Application Outlook (Revenue, USD Billion; 2020-2033)
o Vehicle Armor
o Body Armor
o Aircraft Armor
o Naval Armor
• End-Use Outlook (Revenue, USD Billion; 2020-2033)
o Military
o Law Enforcement
o Private Security Firms
• Regional Outlook (Revenue, USD Billion; 2020-2033)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

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