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The objective of the Armor Materials Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Armor Materials Market.
Market Insights – The Armor Materials Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Armor Materials Market are-
Alcoa Corporation
Allegheny Technologies, Inc.
Compagnie de Saint-Gobain S.A.
Dupont De Nemours, Inc.
Honeywell International Inc.
Koninklijke DSM N.V.
Saab AB
Tata Steel Ltd.
Teijin Limited
The 3M Company
Growth drivers and Market Value:
This report, from Stratview Research, studies the Armor Materials Market value and growth drivers over the trend period of 2022-27. According to the report -
Armor Materials Market is likely to witness an impressive CAGR of 7.3% during the forecast period. The development of advanced armor materials using composites and nano-fibers is majorly contributing to the growth of the armor materials market.
Segment Analysis:
Based on Application Type:
Based on the application type, the armor materials market is segmented as vehicle armor, aerospace armor, body armor, civil armor, and marine armor. Body armor is expected to grow at the highest rate during the forecast period. Increasing security concerns in the emerging economies and provision of security to law enforcement and military personnel, and modernization of weapons are the main factors contributing to the growth of the body armor segment.
Based on Region:
In terms of regions, North America is estimated to account for a considerable share of the armor materials market by 2024, driven by the surge in demand for homeland security applications and the incessant development of advanced armor systems for the US Army.
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Critical Questions Answered in the Report
l What are the key trends in the global Armor Materials Market?
l How the Armor Materials Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Armor Materials Market?
l What are the key strategies adopted by the major vendors to lead in the Armor Materials Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Armor Materials Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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