Armor Materials Market report categorizes the global market by Type (Metals & Alloys, Ceramics, Composites, Para-Aramid Fibers, UHMWPE, Fiberglass), Application & Geography. COVID-19 impact on Armor Materials Market
Armor Materials Market by Type (Metals & Alloys, Ceramics, Composites, Para-Aramid Fibers, UHMWPE, Fiberglass), Application (Vehicle, Aerospace, Body, Civil, Marine), and Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2024
Armor Materials Market by Type (Metals & Alloys, Ceramics, Composites, Para-Aramid Fibers, UHMWPE, Fiberglass), Application (Vehicle, Aerospace, Body, Civil, Marine), and Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2024
MarketsandMarkets forecasts the Armor Materials Market to grow from USD 10.1 billion in 2018 to USD 15.3 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.2%.
The armor materials market size is projected to reach USD 15.2 billion by 2024 from USD 10.7 billion in 2019, at a CAGR of 7.2%.
The armor materials market is estimated at USD 8.67 Billion in 2017 and is projected to reach USD 12.11 Billion by 2022, at a CAGR of 6.92% from 2017 to 2022. The base year considered for the study is 2016, and the forecast period is from 2017 to 2022.
The global armor materials market has been projected to register a CAGR of 6.8% for the forecast period to reach USD ~10.54 Billion by 2020.