Akshay Chavhan The global market for Armor Materials Market is poised to exhibit substantial growth, escalating from USD 10.8 billion in 2019 to USD 18.97 billion by 2027, reflecting a Compound Annual Growth Rate (CAGR) of 7.3%. The primary catalyst driving this expansion is the advancement in cutting-edge protective materials, predominantly based on composites and nano-strands. Manufacturers worldwide are dedicated to optimizing material performance, emphasizing attributes such as thinness, lightness, and enhanced durability.
Enhanced Performance of Protective Materials:
Para-aramids and high-molecular-weight polyethylene play a pivotal role in augmenting performance and reducing weight compared to traditional ballistic metal materials. This is evident in their applications, such as vests, shields, body armor, and components for tanks, helicopters, planes, and various other vehicles. The increasing adoption of metals like high-thickness steel, aluminum, and titanium as protective layer materials for vehicle, aviation, and marine defense systems is expected to fuel growth. These protective layer materials possess exceptional qualities achieved through alloying, heat treatment, and specific working methods, enabling them to meet diverse ballistic protection requirements.
Surge in Demand for Lightweight Aerospace and Marine Armor:
A significant driver influencing market demand is the rising need for lightweight aerospace and marine armor. Companies and research institutions are actively engaged in the development of lightweight products tailored for these operations. Notably, in 2019, researchers at the University at Buffalo successfully produced a lightweight plastic material, nearly fourteen times stronger and eight times lighter than steel. This material is anticipated to be ideal for absorbing the impact of bullets and other projectiles.
Dominance of North America in the Market:
North America is expected to hold a substantial market share in the forecast period, attributed to the growing interest in country security applications and the advancement of cutting-edge defensive layer systems for the U.S. Army. Moreover, companies in the region are intensifying their focus on modern armor materials, aiming to provide the military and army with a distinct advantage by enhancing survivability and reducing casualties.
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Companies considered and profiled in this market study
Key players in the market include
- Saint-Gobain SA;
- Du Pont;
- DSM NV;
- Royal TenCate NV;
- Alcoa Inc.;
- Honeywell International Inc.;
- Saab AB;
- CoorsTek Inc.;
- Morgan Advanced Materials;
- CeramTec GmbH;
- Tata Steel;
- AGY Holding Corp.;
- PPG Industries Inc.
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Outlook on Material Types:
Crucial materials employed for armor encompass metal & alloys, ceramics, composites, para-aramid fiber, ultra-high molecular weight polyethylene, and fiberglass, among others. Ceramics constituted approximately 18.4% of the overall market in 2020. Commercially manufactured ceramics for armor encompass Silicon Carbide, boron carbide, Alumina, and Ceramic Matrix Composite. Anticipated key driving factors for ceramics include benefits such as high-performance armor protection, lightweight properties, and exceptional resistance to creep and stress rupture. Ceramic usage is on the rise for reinforcing applications in airplanes, land vehicles, military personnel, and gunships. The material offers a distinct advantage in wearability over metal armor, such as steel armor plates, due to its lighter weight. However, concerns related to the adhesion of the material in creating armors capable of withstanding multiple burst-fire hits are likely to impede growth.
Application Focus:
In terms of application segmentation, the market can be categorized into vehicle, aerospace, marine, civil, and body armor. Body armor held a significant share in 2019, valued at USD 3.76 billion. Key market drivers include technological advancements and the introduction of innovative products associated with body armors. For instance, the emergence of advanced textile materials like nylon and Kevlar has enabled the production of lightweight armor with enhanced ballistic protection capabilities. Similarly, since 2018, there has been a growing adoption of ceramic materials such as silicon carbide in body armors for stopping rifle bullets due to their impressive strength and durability.
Market Economics Overview:
A rise in global government investments in the military and defense sector is poised to amplify the market during the forecast period. Notably, in the U.S., the Fiscal Year (FY) 2020 budget places a strategic emphasis on modernization to effectively compete with China and Russia. Furthermore, the budget is directed towards sustaining the elevated readiness levels achieved in the FY 2017-FY 2019 budgetary periods.
Projections for Ceramic Armor Materials:
Ceramic armor materials are anticipated to experience substantial growth, driven by their advantageous attributes, including high hardness, low density, elevated elastic modulus, ample flexural strength, and commendable compressive strengths.
Dominance of Body Armor Segment:
The body armor segment is anticipated to hold the largest market share. Countries are increasingly investing in providing body armors to military and defense personnel with the aim of reducing casualties. A 2018 study revealed a notable trend in the U.S., where law enforcement agencies with 100 or more officers witnessed an increase in the adoption of mandatory body armor wear policies. The percentage of agencies implementing these policies rose from approximately 58 percent in 2007 to 78 percent in 2013.
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