Armor Materials Market Growing at 6.8% CAGR to 2020 led by Vehicle Armor

Apr 27, 2016, 12:45 ET from ReportsnReports

PUNE, India, April 27, 2016 /PRNewswire/ --

Worldwide armor materials market growth is influenced by factors such as rising security concerns, increasing demand for homeland security and development of advanced armor materials suitable for urban warfare arenas, wherein modern weapons, such as Improvised explosive devices (IEDs) and Rocket Propelled Grenades (RPGs) are used.

Complete report on global armor materials market spread across 186 pages, profiling 14 companies and supported with 103 tables and 78 figures is now available at http://www.reportsnreports.com/reports/458644-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.html .

Vehicle armor has been projected to control the major share of the armor materials market by 2020. Need to reduce the weight of armored vehicles to increase effectiveness and provide protection from advanced weapons and ammunitions are expected to be the major driver for the vehicle armor segment during the forecast period.

Asia-Pacific has been estimated to dominate the armor materials market by 2020. Increasing demand for armor materials in the region can be attributed to military modernization programs by countries, such as China and India. The increasing political tensions between various countries in the region, as well as internal conflicts, are also driving the growth of the market in the region.

This report also identifies market dynamics, such as drivers, restraints, and opportunities. The major companies involved in this market, such as ATI (U.S.), DuPont (U.S.), Royal TenCate (Netherlands), and DSM (Netherlands), have been comprehensively profiled in this report. Order a copy of 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 research report at http://www.reportsnreports.com/purchase.aspx?name=458644 .

In the process of determining and verifying, the armor materials market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (54%), Tier 2 (38%) and Tier 3 (8%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (46%), Director Level (40%) and others (14%) from various key organizations operating in the global armor materials market. The primary interviews were conducted worldwide covering regions such as North America (47%), Europe (32%) and APAC (21%).

On a related note, another research on Ballistic Protection Market Global Forecasts & Analysis to 2014 - 2020 says, the global ballistic protection market is expected to grow at a CAGR of 5.11% by 2020 due to the growing demand in the different regions across the world. The defense segment contributes 75% to the ballistic protection system market, 17% of the demand comes as investment in homeland security and the remaining 8% constitutes the commercial segment. Companies like eijin Limited (Japan), Honeywell International (U.S.), BAE systems (U.K.), Royal TenCate Corporate EMEA (Netherland), E.L. DuPont DE Nemours & Co. (France) have been profiled in this 202 pages research report available at http://www.reportsnreports.com/reports/300692-ballistic-protection-market-by-type-personal-protective-equipment-vehicle-armor-sub-type-soft-armor-hard-armor-personal-protective-head-gear-by-application-defense-homeland-security-commercial-global-forecasts-analysis-to-2014-2020.html .

Explore more reports on the advanced materials market at http://www.reportsnreports.com/market-research/advanced-material/.

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