Vehicle Armor Market Share, Trend, Segmentation and Forecast to 2029
Global vehicle
armor market is expected to reach USD
18.50 billion by 2028 and witnessing market growth at a rate of 6.3% in the forecast period of 2021 to 2028. Data
Bridge Market Research report on vehicle armor market provides analysis and
insights regarding the leading current market analysis scenario, upcoming as
well as future opportunities and competitors. Civilian police of many countries
are adopting the military model principles including military culture,
equipment, and tactics, which is driving the growth of the vehicle armor
market. The government is increasing the budget for defense industries and
spending more on secured vehicles and equipment for military personnel, which
will raise the demand for vehicle armor in the coming years. The advancement
and development in technology in automobile manufacturing will drive the growth
of the vehicle armor. Increasing demand for vehicle armor in civilians such as
politicians, reporters, and celebrities are also likely to fuel the vehicle
armor market. Along with the military, the demand for vehicle armor is also
growing in the air force.
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Market Analysis and Insights
Vehicle
armor is commonly used in military vehicles for shielding the personnel inside
from bullets, missiles, and shells. Nowadays, vehicle armor can also be
used in civilian vehicles. The vehicle armor is used by reporters, politicians,
officers, and celebrities in conflict areas or areas where crime rates are
more. Vehicle armor is also used in those by security agencies to carry money
or any other valuable things for reducing the risk of robbery or unethical
events. Lack of durable and strong vehicle armor manufacturers will hamper the
market to grow. High costs of manufacturing the advanced vehicle armor and its
raw material costs are a major limitation for the growth of the market. This
vehicle armor market report provides details of new recent developments, trade
regulations, import export analysis, production analysis, value chain
optimization, market share, impact of domestic and localised market players,
analyses opportunities in terms of emerging revenue pockets, changes in market
regulations, strategic market growth analysis, market size, category market
growths, application niches and dominance, product approvals, product launches,
geographic expansions, technological innovations in the market. To gain more
info on Data Bridge Market Research global vehicle armor market contact us for
an Analyst Brief, our team will help you take an informed market
decision to achieve market growth.
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Vehicle Armor Market Scope
Global vehicle armor market is segmented on the
technology, type, application, level of protection. The growth among segments
helps you analyse niche pockets of growth and strategies to approach the market
and determine your core application areas and the difference in your target
markets.
- The
vehicle armor market on the basis of technology has been segmented into
vehicle information integration, situational awareness system, inter
operable communication, active protection system, modular ballistic armor,
active mine protection, electric armor.
- Based
on type, global vehicle armor market has been segmented into mine
resistant ambush protected vehicles, armored amphibious vehicles, armored
personnel carriers, infantry fighting vehicles, light protected vehicles,
main battle tanks, and other types.
- Based
on application, global vehicle armor market has been segmented into
commercial, law enforcement, military. Military segment is dominating the
market due to rising concerns of governments to protect their soldiers
during terror attacks, riots, civil wars and conflicts on borders and is
expected to dominate the market in the future also.
- Based
on level of protection, global vehicle armor market has been segmented
into B4 level protection, B5 level protection, B6 level protection, B7
level protection and other.
Vehicle Armor Market Country Level Analysis
Vehicle
armor market is analysed and market size, volume information is provided by
country, technology, type, application and level of protection as referenced
above. Asia-Pacific is capturing the largest market share of vehicle armor
market due to the increase in terrorist activities, riots and conflicts between
nations in this region. Many countries including India and China have increased
their budget for defense sector which is boosting the growth of the market as
well as many OEMs are investing in research and development to design and
develop advanced vehicle armor.
The countries covered in the market report are
U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South
America as part of South America, Germany, Italy, U.K., France, Spain,
Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe,
Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand,
Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC),
Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and
Africa (MEA) as a part of Middle East and Africa (MEA).
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Major TOC of the Vehicle
Armor Market Report
Chapter One:
MARKET SEGEMENTATION
EXECUTIVE SUMMARY
PREMIUM INSIGHTS
MARKET OVERVIEW
Competitive Landscape and Vehicle Armor Market Share
Analysis
Vehicle
armor market competitive landscape provides details by competitor. Details
included are company overview, company financials, revenue generated, market
potential, investment in research and development, new market initiatives,
regional presence, company strengths and weaknesses, product launch, product
width and breadth, application dominance. The above data points provided are
only related to the companies’ focus related to vehicle armor market.
The major players covered in the Vehicle
Armor market report are
·
Koninklijke
·
DSM N.V.,
·
Teijin Aramid B.V.,
·
DuPont de
Nemours, Inc.,
·
ATEK Defense
Systems,
·
Armormax,
·
Bulldog Direct
Protective Systems Inc.,
·
CoorsTek Inc.,
·
Vehicle Armour,
·
AT&F,
·
Vehicle Armor
Systems,
·
Premium
Armoring,
·
SM Group,
·
Safariland,
LLC.,
·
Ibis Tek,
·
Vanguard Vehicle
Armor,
·
ArmorUSA
Inc.
·
among some
global players. Market share data is available for global, North America,
Europe,
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