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Armor design and application is a science rather than an organized branch of engineering. A variance in 1Kg or less in the weight of a vest can mean the difference between life and death. A soldier could carry extra food, water, or additional ammunition with a variance in weight of armor. Depending on the manufacturer, the ballistic panels in bullet proof vests can be made with different materials.

Market Structure:

The global armor material market can be segmented based on material, end-user, areas of application, and region. In terms of material, the armor material market can be classified into ceramics, fiberglass, para-aramid, polyethylene, metals & alloys, and others. The materials utilized in the manufacture of armor vary from company to company. Ceramic materials have low density, high hardness, high elastic modulus, good comprehensive strength, and sufficient flexure. The most important aspect of ceramic material that makes it suitable for armor is the strong covalent bonding between constituents such as oxygen, beryllium, carbon, boron, aluminum, magnesium, and silicon. Para-aramids are a class of synthetic fibers with high heat resistance and strength. Polyethylene with ultra-high molecular weight is another common material for armors. They are commonly known as UHMWPE, composed of extremely long polyethylene chains. Metals & alloys include steel and other heavy materials. They are heavy, bulky, and in most cases ineffective as compared to other materials. Since, metals and alloys are cheaply available, it is widely used in making body armors for vehicle and personnel. The para-aramid material segment is estimated to expand at a significant CAGR during the forecast period due to its inherent flexibility and light weight.

In terms of end-user, the armor material market can be divided into personnel and vehicle. Military vehicles are commonly armored to withstand the impact of bullets, shrapnel, and missiles. The common material utilized for vehicle armor is steel and other heavy metals. Personnel armor is a protective coating for military, police, bodyguards, security guards, and high priority personnel. The personnel segment holds a major share of the armor material market due to its wide usage among military personnel.

In terms of areas of application, the armor material market can be segregated into military, police, aerospace, security guards, and others. The military segment holds a major share of the armor material market, and is expanding at a significant CAGR due to the increase in number of military personnel globally.

In terms of region, the armor material market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America holds a prominent share of the market followed by Europe, due to the rise in homeland security and military personnel in the region. The market in Asia Pacific is projected to expand at a rapid pace due to increasing military up-grade programs and defense budgets.

Key Developments:

Several companies are involved in developing materials used in body armors. The companies are competing aggressively to develop the lightest and most robust materials possible. DuPont has been developing armor materials for more than 40 years. The company’s brand fiber Kevlar was the first lightweight material identified for usage in armors. It was first developed in 1965. Kevlar has high strength, low weight and is also resistant to chemicals and cuts. Honeywell has been developing materials for armors and currently, offers materials such as Spectra Shield, Gold Flex, and Gold Shield. Akzo Nobel introduced its first armor material in 1972. The armor was made of para-aramid material and was known as Twaron. The company claims that their patented Microfilament technology allows maximum energy absorption at minimum weights, improving flexibility and comfort.

Key Players:

Key players operating in armor materials market are Honeywell International Inc., Royal Tencate NV, Akzo Nobel, DSM NV, 3M Ceradyne, Inc., E. I. Du Pont De Nemours and Company, Morgan Advanced Materials, JPS Composite Materials, and CPS Technologies Corp.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Armor Material Market