The vehicle armor market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.

Increasing purchase of highly-modernized armored vehicles is slated to propel the vehicle armor market expansion over the coming years. Growing defense budgets of emerging as well as developed economies alike would also play a major role in augmenting the industry share.

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Considering the type of vehicle, the demand for armor systems and components in civilian and law enforcement vehicles is likely to grow at a 5% CAGR through 2026. These components provide robust production against different types of ammunition such as 9 mm pistols, AK-47 rifle, AR-15 rifle, bombs. In addition, they also provide additional protection in case of accidents.

In comparison to normal vehicles, the chances of death or fatal injuries while traveling in armored vehicles are considerably lower. Vehicle armor component manufacturers are focusing on incorporating numerous features including electric shock handles, run flat tires, bulletproof glass, bomb blankets, and oil slick systems for enhance safety and protection of passengers.

In terms of the material, ceramics are likely to account for over 15% revenue share of global vehicle armor industry by 2026. Ceramic-based materials have high modulus, superior toughness, and low density. Moreover, these materials have excellent fracture toughness and high flexural strength, making them a desirable option for armored vehicles.

Ceramics are generally used in lightweight applications for protections against small arms and medium caliber machine gun attacks. Boron carbide (B4C), aluminum oxide (Al2O3), silicon carbide (SiC), zirconium toughened alumina (ZTA), and titanium di-boride (TiB2) are among the commonly used ceramic materials in armor systems.

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Geographically, the North America vehicle armor market is projected to cross a valuation of $890 million by the end of the analysis period owing to the increasing military armament development as well as counterterrorism programs. The regional market expansion is led by the United States, which is known as the country with the world’s highest defense budgets. In fact, the U.S. DOD (Department of Defense) has granted an immense $700 billion budget towards military sector development. Meanwhile, the regional growth is also likely to come from Canada as the Canadian government had announced that it would be increasing its defense budget by over 70% in the next decade. Such budget decisions would greatly fuel armored vehicle sales, further stimulating the regional market expansion.

The competitive landscape of the vehicle armor market is inclusive of players such as DEW Engineering and Development ULC, MKU Limited, Permali, TenCate Advanced Armor, SSAB, Armormax, Kaiser Aluminum, and CoorsTek among others.

Major Key Points from Table of Content:

Chapter 5. Vehicle Armor Market, By Vehicle

5.1.  Global vehicle armor market vehicle insights

5.2.  Tanks

5.2.1. Market estimates and forecast, 2016 – 2026

5.2.2. Market estimates and forecast, by region, 2016 – 2026

5.3.  Armored fighting vehicles

5.3.1. Market estimates and forecast, 2016 – 2026

5.3.2. Market estimates and forecast, by region, 2016 – 2026

5.4.  Civilian & law enforcement vehicles

5.4.1. Market estimates and forecast, 2016 – 2026

5.4.2. Market estimates and forecast, by region, 2016 – 2026

5.5.  Others

5.5.1. Market estimates and forecast, 2016 – 2026

5.5.2. Market estimates and forecast, by region, 2016 – 2026

Chapter 6. Vehicle Armor Market, By Application

6.1.  Global market application insights

6.2.  Military

6.2.1. Market estimates and forecast, 2016 – 2026

6.2.2. Market estimates and forecast, by region, 2016 – 2026

6.3.  Non-military

6.3.1. Market estimates and forecast, 2016 – 2026

6.3.2. Market estimates and forecast, by region, 2016 – 2026

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