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Vehicle Armor Market Share

Report ID: GMI7169
Published Date: Oct 2020
Report Format: PDF

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Vehicle Armor Market Share

The key vehicle armor industry participants are focusing on product differentiation & development by investing in research & development activities to improve the product capabilities. The manufacturers include

Kaiser Aluminum
CoorsTek
Composhield A/S
DuPont
Armormax
ATEK Defense Systems
Garanti Kompozit
Permali
ASL GRP
DEW Engineering and Development ULC
SSAB
MTL Advanced Ltd.
Multotec Group
Plasan Sasa Ltd.
AMEFO
MKU Limited
Tenate Advanced Armor.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The global vehicle armor industry size was valued at USD 6.7 billion in 2019. With increasing government spending on the defense sector to strengthen armament power, the market is expected to grow at 4.5% CAGR through 2026.

The metal vehicle armor industry accounted for a 75% share in 2019 and is expected to witness substantial growth through 2026.

The armored fighting vehicles market share is expected to witness 5% CAGR through 2026 due to rising procurement of mine-resistant ambush-protected (MRAP) vehicles and armored personnel carriers.

The Asia Pacific vehicle armor industry helps around 30% share in 2019 and will continue to grow due to the rising border disputes and solidification of military capabilities of several countries.