Vehicle Armor Market will Expand Exponentially by 2027

Consistent research and development activities in the field of ballistic protection are expected to propel Vehicle Armor Market size in the ensuring years. As per the latest report by Global Market Insights, Inc., Global Vehicle Armor Market Is Projected To Surpass USD 9.1 Billion Mark By 2026.

A recent U.S. defense update unveils that the army is carrying out experiments using surrogate unmanned vehicles with the Contractor Qinetiq having already supplied the first of four experimental RCV-Lights for the initiative.

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Sources also clarify that a prototype Heavy is awaiting advancements on Active Protection Systems, which are miniaturized missile defenses deployed for making a humbly armored 30-ton vehicle with a battle survivable capacity similar to that of a main battle tank weighing 70 tons.

The complete Robotic Combat Vehicle family will utilize control interfaces and common navigational software that is presently undergoing field-testing. Further, every variant has been designed to utilize the same mechanical and electronic standards integrated with a so-called modular open architecture that would allow on-field soldiers to plug and play an array of payloads, ranging from smoke generators to missiles to radio jammers.

Similar developments are touted to raise global vehicle armor market share through the assessment period.

Surging government investments towards modernization of ground vehicle fleet to augment market size

Rising efforts by governments and numerous vehicle armor companies towards the improvisation of communication systems, armor systems, and vehicle components will drive market expansion through coming years.

Increased scope for the development of armored vehicles in areas pertaining to mobility and protection coupled with surging government investments in the modernization and upgradation of the ground vehicle fleet are likely to push vehicle armor industry outlook over the estimated timeframe.

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Citing an instance, DSM Dyneema has launched the Force Multiplier Technology for the improvement of operational performance of armored vehicles. This technology is set to assist in the improvement of flexibility, provision of superior ballistic protection, and reduction of vehicle weight, in turn propelling vehicle armor business landscape over the forecast period.

Civilian and law enforcement vehicle demand to push vehicle armor industry outlook

Ability of armored cars to provide good protection against numerous guns such as AK-47 & 9 mm pistols, AR-15, and bomb blasts has been instrumental in driving vehicle armor market growth through coming years. Civilian and law enforcement vehicle market will grow at an appreciable CAGR of over 5.0 per cent over the estimated timeframe.

Studies cite, the chances of death in case of an accident while travelling via armored cars and civilian armored vehicles are considerably lower as compared to normal cars owing to various features such as bulletproof glass, bulletproof car windows, electric shock handles, bomb blankets, and oil sleek systems incorporated by vehicle armor companies.

North America vehicle armor market to register commendable proceeds through 2026

Increasing counterterrorism and military armament initiatives are likely propel the growth of North America market through the ensuing years. North America vehicle armor market is poised to exceed a valuation of over USD 890 million by 2026, state reports.

The U.S. Department of Defense (DOD) has allocated a 700 billion USD budget for the development of the military sector. Further, the Canadian government has made an announcement for stating the increase of the country’s defense budget by over 70 per cent through the next decade.

In essence, rising procurement of modernized armored vehicles will foster the growth of market size in the ensuing years. Prominent vehicle armor companies include CoorsTek, Armormax, SSAB, Permauli, Kaiser Aluminum, and DEW Engineering amongst others.  

Table of Contents (ToC) of the report:

Chapter 1. Methodology and Scope

1.1.  Methodology

1.2.  Base estimation & working

1.2.1. North America

1.2.2. Europe

1.2.3. Asia Pacific

1.2.4. Latin America

1.2.5. Middle East & Africa

1.3.  Forecast calculation

1.4.  Data sources

1.4.1. Primary

1.4.2. Secondary Paid sources Public sources

Chapter 2. Executive Summary

2.1.  Vehicle armor market 360? synopsis, 2016 – 2026

2.1.1. Business trends

2.1.2. Material trends

2.1.3. Vehicle trends

2.1.4. Application trends

2.1.5. Regional trends

Chapter 3. Vehicle Armor Industry Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2016 – 2026

3.3.  Industry ecosystem analysis

3.3.1. Value addition at each stage

3.3.2. Distribution channel analysis

3.3.3. Vendor matrix

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