Presentation is loading. Please wait.

Presentation is loading. Please wait.

© 2018 Global Market Insights, Inc. USA. All Rights Reserved Armor Materials Market share growth trends and Forecast by 2025.

Similar presentations


Presentation on theme: "© 2018 Global Market Insights, Inc. USA. All Rights Reserved Armor Materials Market share growth trends and Forecast by 2025."— Presentation transcript:

1 © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Armor Materials Market share growth trends and Forecast by 2025

2 Global Market Scenario of Armor Materials Industry © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Armor Materials Market is regulated by various standards and acts governed by three regulatory bodies which are Underwriters Laboratories (UL India), National Institute of Justice (NIJ) and United States Department of Defense (DoD). These regulations are led down to check the impenetrability & quality of the body armor and to control the possession of the armor through Body Armor Control Act and Body Armor Possession Act 2015. Armor Materials Market  Armor Materials Market size is expected to grow with a considerable CAGR during the projected timeperiod due to the increasing focus on the survivability of the soldiers in various defense organizations. The lack of ballistic protection and continuous rise in modern artillery technologies and equipments will surely augment the market for protection materials.  Armors are basically of two types i.e. personal armor, used to protect soldiers & war animals and vehicle armor, used on warships and armored fighting vehicles. Even transporting defense personnels or any crucial merchandise require armored vehicles for the safe travel to the destination. Many new protective materials have been introduced to make the armor lightweight and impenetrable.  The Future Integrated Soldier Technology (or FIST), a project by British Army is likely to drive the armor materials market. The aim is to improve the regiment’s battle effectiveness by integrating a soldier with all kinds of modern equipments, weapons, sighting systems and defense materials.

3 © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Product Analysis:- Based on materials, armor materials market size is segmented into composite fabrics, para-aramid fibers, UHMWPE, ceramics, fiberglass and other armor materials. UHMWPE is a subcategory of thermoplastic polyethylene. The material has long chemical chains that makes it a sturdy material with high impact strength. It possesses excellent abrasion resistance property. UHMWPE rifle protection plates are one of the most lightweight rifle plates present in the market. These plates stop almost 6 rounds of 7.62 x 51, 7.62 x 39 and 5.56 full metal jacket bullets. It provides high ballistic resistance and durable performance which will augment the armor material market in the near future. Regional Trends:- The armor materials market size has huge opportunities for growing in the Asia-Pacific. The large- scale urbanization activities on going in the region and growing border disputes would become a boon for the armor materials market. For instance, South Korea is under imminent danger from North Korea from its continuous nuclear threats, that instantly demands better personal protection and weapons for the national army. The rising need for distributing personal protection armors to the army in the Asia Pacific region, along with regular investments from the government for obtaining high end ammunitions and protection equipment are likely to propel the armor material market size.

4 © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Market Research Reports: Key Analytical Components Request for table of contents for this report @ https://bit.ly/2BfQIMi https://bit.ly/2BfQIMi

5 © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Competitive Trends: Armor materials market size share is commanded by various defense manufacturing players. Some of the key players involved in the business are Du Pont, 3M, Honeywell International, Saab AB, DSM NV, Tata Steel Limited, Tencate NV, Allegheny Technologies, Saint Gobain, Alcoa Corporation, ATI, Craig International Ballistics Pty Ltd., Pacific Safety Products, Point Blank Enterprises and JPS Composite Materials.

6 © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Latest Research Report On Armor Materials Market@ https://bit.ly/2OGnTKQ Request for table of contents for this report@ https://bit.ly/2BfQIMi https://bit.ly/2BfQIMi Inquire Before Buying This Report@ https://bit.ly/2PfrWPt https://bit.ly/2PfrWPt

7 Stay In Touch You can visit us at: www.gminsights.comwww.gminsights.com Thank You…! © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com


Download ppt "© 2018 Global Market Insights, Inc. USA. All Rights Reserved Armor Materials Market share growth trends and Forecast by 2025."

Similar presentations


Ads by Google