Armor Materials Market

The armor materials market consists of specialized substances engineered for high strength and durability to protect against ballistic threats, shrapnel, and explosions. The primary customers are government and commercial entities in the defense, law enforcement, and aerospace sectors who use these materials for vehicle, body, and aerospace armor. Market growth is primarily driven by rising global defense spending, military modernization programs, increased security concerns, and a significant technological shift toward lightweight, high-performance composites and fibers.

CAGR

7%

Compound Annual Growth Rate

Current Value

$15.3B

Estimated 2026

Projected Value

$26.4B

By 2034

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