Dublin, June 19, 2024 (GLOBE NEWSWIRE) -- The "Vehicle Armour Materials Market Report 2024-2034" report has been added to ResearchAndMarkets.com's offering.
In terms of value the market will surpass US$6.59 billion in 2024. Strong revenue growth is projected through to 2034. The work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
The rise in global defence budgets is a significant driver for the vehicle armour materials market. Many nations are increasing their military spending to modernise their armed forces and enhance their defence capabilities. This is particularly evident in countries like the United States, China, and India, which are allocating substantial portions of their budgets to defence. As a result, there is a growing demand for advanced vehicle armour materials that can provide enhanced protection for military vehicles against modern threats. For example, the U.S. Department of Defense has been investing heavily in upgrading its fleet of armoured vehicles with advanced materials such as composite armour and reactive armour to improve survivability on the battlefield. This trend is likely to continue as geopolitical tensions and security threats persist, driving further growth in the vehicle armour materials market.
Market Dynamics
- Market Driving Factors
- Geopolitical Tension Between Countries Driving the Market Growth
- Technological Advancements Driving the Market Growth
- Development in Defence and Military Sectors Driving the Market Growth
- Market Restraining Factors
- High Cost of Lightweight Armour Materials Hinder the Market Growth
- Regulatory Hurdles Impact Market Growth
- Limited Market Demand in Non-Conflict Regions Hinder the Market Growth
- Market Opportunities
- Collaboration and Partnership Between Market Players Opportunities for the Market
- Investment from Public and Private Sectors Opportunities for the Market Growth
- Expansion of Market in New Geographical Area Opportunities for the Market Players
You need to discover how this will impact the vehicle armour materials market today, and over the next 10 years:
- This 371-page report provides 117 tables and 182 charts/graphs exclusively to you.
- The report highlights key lucrative areas in the industry so you can target them - NOW.
- It contains in-depth analysis of global, regional and national sales and growth.
- It highlights for you the key successful trends, changes and revenue projections made by your competitors.
Forecasts to 2034 and other analyses reveal commercial prospects
- In addition to revenue forecasting to 2034, the new study provides you with recent results, growth rates, and market shares.
- You will find original analyses, with business outlooks and developments.
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising vehicle armour materials prices and recent developments.
Segments Covered in the Report
- Market Segment by Armour Type
- Passive Armour
- Active Armour
- Reactive Armour
- Market Segment by End-User
- Military and Defence
- Law Enforcement
- Commercial Security
- Other End-Users
- Market Segment by Vehicle Type
- Armoured Personnel Carriers (APCs)
- Main Battle Tanks (MBTs)
- Infantry Fighting Vehicles (IFVs)
- Light Utility Vehicles (LUVs)
- Military Trucks and Transport Vehicles
- Market Segment by Type
- Steel
- Composite Materials
- Ceramic Materials
- Aramid Fibre
- Glass Reinforced Plastic (GRP)
- Other Types
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets:
- North America
- U.S.
- Canada
- Europe
- Germany
- Russia
- United Kingdom
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
The report also includes profiles and for some of the leading companies in the Vehicle Armour Materials Market, 2024 to 2034, with a focus on this segment of these companies' operations.
Leading Companies Profiled in the Report
- AGY Holding Corp.
- Alcoa Corporation
- Armourworks Enterprises, LLC
- ATI Inc.
- Cerco Corporation
- CoorsTek, Inc.
- CPS Technologies Corp
- DuPont de Nemours, Inc.
- Honeywell International Inc.
- JPS Composite Materials
- Leeco Steel
- Morgan Advanced Materials plc
- PPG Industries, Inc.
- SSAB AB
- Teijin Limited
Other Companies Featured
- Alcoa
- Alumina Limited
- Armoured Vehicles Nigam Limited (AVNL)
- Arquus
- ATI Inc.
- Aurum Glass
- Aurum Security
- Avibras
- Avon Protection
- BAE Systems
- Bharat Electronics Limited (BEL)
- CoorsTek, Inc.
- CPS Technologies Corporation
- Cummins
- DuPont (NYSE: DD)
- DuPont de Nemours, Inc.
- EDGE Group
- Elbit Systems
- General Dynamics
- Gestamp
- Hanwha
- Honeywell International Inc.
- Hyundai Rotem
- IVECO
- Iveco
- John Cockerill
- JSC Kalashnikov Concern
- KIRCHHOFF Automotive
- KNDS
- KNDS (KMW + Nexter Defense Systems)
- Leeco Steel
- Leonardo
- Mahindra Defence Systems
- Mista
- NIMR
- Norinco
- Oshkosh Defence
- Otokar
- Paramount Group
- Patria
- Point Blank Enterprises (PBE)
- PPG Industries, Inc.
- PT Pindad
- Rheinmetall
- Rosgvardiya
- Rosomak
- Scania
- Shaanxi Baoji Special Vehicles Manufacturing
- Titan Steel
- Triton Systems, Inc.
Key Questions Answered in the Report
- How is the vehicle armour materials market evolving?
- What is driving and restraining the vehicle armour materials market?
- How will each vehicle armour materials submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
- How will the market shares for each vehicle armour materials submarket develop from 2024 to 2034?
- What will be the main driver for the overall market from 2024 to 2034?
- Will leading vehicle armour materials markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
- Who are the leading players and what are their prospects over the forecast period?
- What are the vehicle armour materials projects for these leading companies?
- How will the industry evolve during the period between 2024 and 2034? What are the implications of vehicle armour materials projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the vehicle armour materials market?
- Where is the vehicle armour materials market heading and how can you ensure you are at the forefront of the market?
- What are the best investment options for new product and service lines?
- What are the key prospects for moving companies into a new growth path and C-suite?
For more information about this report visit https://www.researchandmarkets.com/r/hyve4n
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