Market Overview:
The global vehicle armour market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for armoured vehicles from military and civilian applications. In terms of type, the metallic materials segment is expected to hold the largest share of the global vehicle armour market during the forecast period. This can be attributed to their high ballistic protection and lightweight properties. However, nanomaterials are expected to grow at a higher CAGR during the forecast period as they offer better protection against various types of threats such as explosives and ballistics.
Product Definition:
A type of protection, usually metal, on a vehicle that is designed to absorb or deflect gunfire and shrapnel. Vehicle armour is important because it can help protect the occupants of the vehicle from being injured or killed in a conflict.
Metallic Materials:
Metallic materials are widely used in the automotive industry for vehicle body and chassis protection. The growth factor of this market is directly proportional to the number of vehicles on road, as metallic materials are effective in preventing damage from sharp edges and pointy objects. As a result, increasing vehicle production globally is expected to be a key driver for this market over the forecast period.
Nanomaterials:
Nanomaterials are materials with at least one or more distinctive properties, which sets them apart from conventional materials. Some of the commonly recognized nanomaterials include carbon nanotubes, silver nanoparticles, and gold nanoparticles.
Application Insights:
Based on application, the global vehicle armour market has been segmented into military vehicles, spacecraft, and other applications. The military vehicles segment dominated the overall market in terms of revenue share in 2017. This is attributed to increasing government expenditure on defense and growing concerns about terrorism across various regions. Moreover, countries such as India are focusing on enhancing their defense capabilities owing to border tensions with China and Pakistan. This is expected to drive demand for enhanced vehicle armour over the forecast period.
The civil aviation industry also plays an important role in terms of tourism development and employment generation across various regions including Asia Pacific, North America and Europe which further boosts investments by governments in these sectors thus driving product demand from civil aircraft applications over the forecast period.
Regional Analysis:
Asia Pacific dominated the global vehicle armour market in terms of revenue share in 2016 at around 38.0%. This is attributed to increasing demand from countries such as India, China, and Japan. The growing threat of terrorism has resulted in increased production ofarmour plates across this region. For instance, according to a 2015 study by RAND Corporation, there were 1.45 billion vehicles on road globally with about 51% being concentrated in Asia Pacific and Europe combined (1).
North America accounted for a significant share owing to an increase in military expenditure by U.S., Canada among other NATO countries resulting into increased sales ofarmour plating products over the past few years (2).
Growth Factors:
- Increasing demand for armoured vehicles from military and law enforcement agencies across the globe
- Rising incidences of terrorist activities and cross-border conflicts
- Proliferation of small arms and light weapons (SALW) globally
- Growing investments in vehicle armouring technologies by defence contractors worldwide
- increasing demand for luxury cars and SUVs
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Armour Market Research Report
By Type
Metallic Materials, Nanomaterials, Special Materials
By Application
Civilian Vehicles, Military Vehicles, Spacecraft, Other
By Companies
Kaiser Aluminum, CoorsTek, DuPont, DSM, AT&F, The Protective Group, Ibis Tek, INKAS, ArmorWorks
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Armour Market Report Segments:
The global Vehicle Armour market is segmented on the basis of:
Types
Metallic Materials, Nanomaterials, Special Materials
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Civilian Vehicles, Military Vehicles, Spacecraft, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kaiser Aluminum
- CoorsTek
- DuPont
- DSM
- AT&F
- The Protective Group
- Ibis Tek
- INKAS
- ArmorWorks
Highlights of The Vehicle Armour Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metallic Materials
- Nanomaterials
- Special Materials
- By Application:
- Civilian Vehicles
- Military Vehicles
- Spacecraft
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vehicle Armour Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vehicle armour is a type of protection used on vehicles to help them resist damage from gunfire, explosions, and other hazards.
Some of the major players in the vehicle armour market are Kaiser Aluminum, CoorsTek, DuPont, DSM, AT&F, The Protective Group, Ibis Tek, INKAS, ArmorWorks.
The vehicle armour market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle Armour Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vehicle Armour Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle Armour Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vehicle Armour Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vehicle Armour Market Size & Forecast, 2018-2028
4.5.1 Vehicle Armour Market Size and Y-o-Y Growth
4.5.2 Vehicle Armour Market Absolute $ Opportunity
Chapter 5 Global Vehicle Armour Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Vehicle Armour Market Size Forecast by Type
5.2.1 Metallic Materials
5.2.2 Nanomaterials
5.2.3 Special Materials
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vehicle Armour Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Vehicle Armour Market Size Forecast by Applications
6.2.1 Civilian Vehicles
6.2.2 Military Vehicles
6.2.3 Spacecraft
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle Armour Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vehicle Armour Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Vehicle Armour Analysis and Forecast
9.1 Introduction
9.2 North America Vehicle Armour Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Vehicle Armour Market Size Forecast by Type
9.6.1 Metallic Materials
9.6.2 Nanomaterials
9.6.3 Special Materials
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Vehicle Armour Market Size Forecast by Applications
9.10.1 Civilian Vehicles
9.10.2 Military Vehicles
9.10.3 Spacecraft
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Vehicle Armour Analysis and Forecast
10.1 Introduction
10.2 Europe Vehicle Armour Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Vehicle Armour Market Size Forecast by Type
10.6.1 Metallic Materials
10.6.2 Nanomaterials
10.6.3 Special Materials
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Vehicle Armour Market Size Forecast by Applications
10.10.1 Civilian Vehicles
10.10.2 Military Vehicles
10.10.3 Spacecraft
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Vehicle Armour Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vehicle Armour Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Vehicle Armour Market Size Forecast by Type
11.6.1 Metallic Materials
11.6.2 Nanomaterials
11.6.3 Special Materials
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Vehicle Armour Market Size Forecast by Applications
11.10.1 Civilian Vehicles
11.10.2 Military Vehicles
11.10.3 Spacecraft
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Vehicle Armour Analysis and Forecast
12.1 Introduction
12.2 Latin America Vehicle Armour Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Vehicle Armour Market Size Forecast by Type
12.6.1 Metallic Materials
12.6.2 Nanomaterials
12.6.3 Special Materials
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Vehicle Armour Market Size Forecast by Applications
12.10.1 Civilian Vehicles
12.10.2 Military Vehicles
12.10.3 Spacecraft
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Vehicle Armour Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vehicle Armour Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Vehicle Armour Market Size Forecast by Type
13.6.1 Metallic Materials
13.6.2 Nanomaterials
13.6.3 Special Materials
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Vehicle Armour Market Size Forecast by Applications
13.10.1 Civilian Vehicles
13.10.2 Military Vehicles
13.10.3 Spacecraft
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vehicle Armour Market: Competitive Dashboard
14.2 Global Vehicle Armour Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kaiser Aluminum
14.3.2 CoorsTek
14.3.3 DuPont
14.3.4 DSM
14.3.5 AT&F
14.3.6 The Protective Group
14.3.7 Ibis Tek
14.3.8 INKAS
14.3.9 ArmorWorks
