Armor Market is to grow at a 6.27% CAGR, with Asia Pacific leading the market through 2030

Armor Market to Hit USD 67.35 Bn by 2030

Armor Market was USD 44.01 Bn in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 6.27% from 2024 to 2030, reaching USD 67.35 Bn by 2030. In the United States, the market size was estimated at USD 44.01 billion in 2023. The desire for cutting-edge protective solutions from countries and organizations around the world is driving the Armor Industry expansion. Modern Armor is necessary for the military, law enforcement, and civilian sectors due to the quick changes in terrorism, regional conflicts, and combat. With global military spending expected to reach USD 1.98 trillion in 2021, governments are dramatically expanding their military budgets. Advanced materials including ceramics, composites, and ultra-high molecular weight polyethylene improve protection while maintaining the flexibility and light weight of Armor.

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Market Segmentation

By Material: The Metals and Alloys industry expanded to 32.79% of the market in 2023 due to the increased usage of steel, aluminum, and titanium in military and specialized equipment. These metals are perfect for armor in cars and airplanes because of their remarkable corrosion resistance, lightweight design, and durability.

By Application: Body Armor accounted for 33.26% of the market in 2023, driven by high demand from the military, law enforcement, and civilian sectors. As security worries grow, growing economies such as China, Brazil, and India are investing more in protective gear for their forces. Protecting personnel in areas of active fighting requires body Armor, particularly ballistic vests.

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Regional Analysis

Europe, controls the world market for Armor, with the United Kingdom, France, and Germany at the top. The engagement of European countries in peacekeeping operations has led to a rise in the demand for military-grade Armor. As EU nations prioritize updating their armor capabilities and increasing their defense budget, the ongoing situation in Ukraine is making advanced security options even more urgent.

North America, maintained its position as a leading competitor in the worldwide armor market, holding a 28.71% share in 2023. With the greatest defense budget in the world, the United States contributed USD 778 billion in 2021 to the creation and acquisition of cutting-edge Armor technologies. The United States is concentrating especially on creating high-performance, lightweight armor for law enforcement, military people, and vehicles.

Asia Pacific, with 31.29% of the worldwide armor market in 2023, the Asia Pacific region is the leading player in the industry. The huge defense spending of nations like China and India are a major factor in this domination.

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Market Competitive Landscape

Ceradyne Inc.: In 2025, Chas partnered with several defense companies to create the newest lightweight ballistic vests, utilizing advanced materials to improve comfort and longevity.

HexArmor: In 2025, has unveiled new stab-resistant gloves aimed at improving safety for law enforcement officers. The gloves provide enhanced protection against edged weapons while maintaining dexterity.

Armor Holdings: In 2025, A new expansion of Armor Holdings' manufacturing capacity was announced in order to satisfy the increasing demand for military-grade armor solutions worldwide. The facility's primary goal will be to manufacture modular, lightweight body armor systems.

Conclusion

The main forces behind growth are rising geopolitical tensions, worries about terrorism, and developments in lightweight materials like nanotechnology.
With countries like the United Kingdom, Germany, and France spearheading military modernization, particularly in light of the Ukraine war, Europe is anticipated to control the industry.

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