Press release
Modular Composite Armor Market Size Worth USD 7.18 Billion in 2033 | Emergen Research
Modular Composite Armor Market
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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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.
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.
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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)
Ceramic Composites
Metal Matrix Composites
Polymer Matrix Composites
Hybrid Composites
Component Outlook (Revenue, USD Billion; 2020-2033)
Hard Armor Plates
Soft Armor Panels
Composite Helmets
Vehicle Armor Kits
Application Outlook (Revenue, USD Billion; 2020-2033)
Vehicle Armor
Body Armor
Aircraft Armor
Naval Armor
End-Use Outlook (Revenue, USD Billion; 2020-2033)
Military
Law Enforcement
Private Security Firms
Regional Outlook (Revenue, USD Billion; 2020-2033)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
Report Highlights:
The report conducts a comparative assessment of the leading market players participating in the global Modular Composite Armor market.
The report marks the notable developments that have recently taken place in the Modular Composite Armor industry
It details on the strategic initiatives undertaken by the market competitors for business expansion.
It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Modular Composite Armor market value chain.
The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.
Key questions addressed in the report:
Who are the leading players dominating the global Modular Composite Armor Market?
Which factors could potentially hamper the global market growth during the forecast period?
Which regional market offers the most attractive growth opportunities to the companies operating in this market?
How is the raw material availability affecting the demand for Modular Composite Armor in this industry vertical?
To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/modular-composite-armor-market
Look Over transcripts provided by Emergen Research
Modular Composite Armor Market Size@ https://www.emergenresearch.com/industry-report/modular-composite-armor-market/market-size
Modular Composite Armor Market Share@ https://www.emergenresearch.com/industry-report/modular-composite-armor-market/market-share
Modular Composite Armor Market Trends@ https://www.emergenresearch.com/industry-report/modular-composite-armor-market/market-trends
Modular Composite Armor Regional Market Demand@ https://www.emergenresearch.com/industry-report/modular-composite-armor-market/regional-market-demand
Modular Composite Armor Market Analysis@ https://www.emergenresearch.com/industry-report/modular-composite-armor-market/market-analysis
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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