Armor Materials Market Worth 10.54 Billion USD by 2020

PUNE, India, January 15, 2016 /PRNewswire/ --

The report "Armor Materials Market by type (Metals & Alloy, Ceramic & Composite, Para-Aramid Fibers, UHMWPE, Fiberglas), by Application (Vehicle, Aerospace, Body, Civil, Marine) and by Region - Global Trends & Forecast to 2020", published by MarketsandMarkets, In terms of value, The Global Armor Materials Market is projected to reach USD 10.54 Billion by 2020 at a CAGR of 6.8% between 2015 and 2020.

Browse 103 market Tables and 78 Figures spread through 186 Pages and in-depth TOC on "Armor Materials Market"

http://www.marketsandmarkets.com/Market-Reports/armor-material-market-25444492.html 

Early buyers will receive 10% customization on this report.

Growing security concerns and demand for homeland security applications are driving the growth in the market.

Metals & Alloys continue to dominate the Market 

Metals & alloys are the most widely used types of armor materials because of their low cost and application in large-area protection. Metals & alloys are primarily used for vehicle armor and civil armor applications. High density steel, aluminum, and titanium are the most widely used metals for armor materials. Development of advanced ceramic & composite armor materials, which are lightweight and more effective, are projected to witness the highest growth between 2015 and 2020.

Vehicle armor: Leading application for Armor Materials 

Vehicle armor accounted for the largest share in the Armor Materials Market owing to the high mobility of units, which increases the threat levels. This has increased the need for advanced armors for such units, as the battlefield scenario has changed to urban and asymmetric warfare. Development of powerful weapons and ammunition has compelled armor material manufacturers to develop more efficient armor materials, which provide higher level of ballistic protection while reducing overall weight of the armor. Ceramic & composite materials are increasingly being used for vehicle, aerospace, and body armor applications to reduce weight and increase the effectiveness of the armor system.

Increasing defense spending in Asia-Pacific is accelerating the growth of armor materials market 

Asia-Pacific is the fastest-growing market for armor materials. Growth in this region is primarily driven by increasing security concerns and conflicts within the countries. Consequently, various economies in the region have expanded their defense budgets and launched military modernization programs, which drive the growth for the market.

Ask for PDF of Report at http://www.marketsandmarkets.com/pdfdownload.asp?id=25444492

ATI (U.S.), DSM (Netherlands), DuPont (U.S.), Royal TenCate (Netherlands), Alcoa Inc. (U.S.), SAAB Group (Sweden), and Honeywell (U.S.) are some of the leading players in the armor materials market.

The report covers the growing trends in the armor materials market, especially, in the key five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The types of armor materials, such as metals & alloys, ceramics & composites, para-aramid fibers, UHMWPE, fiberglass, and others, have been covered. The applications of armor materials along with their estimated market revenues and consumption trends have also been included.

Browse Related Reports: 

Aramid Fiber Market by Type (Para-aramid Fiber, Meta-aramid Fiber) and Application (Security & Protection, Frictional Material, Tire & Rubber Reinforcement, Optical Fiber, Electrical Insulation, Aerospace, Others) - Global Trends & Forecasts to 2019
http://www.marketsandmarkets.com/Market-Reports/aramid-fibers-market-112849061.html

Protective Clothing Market by Type (Aramid & Blends, Polyolefin & Blends, Polyamide, and PBI), by Application (Thermal, Chemical, and Visibility), and by End Use Industries (Construction & Manufacturing, Oil & Gas, and Mining) - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/protective-clothing-market-1278.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets