Press Release

Vehicle Armor Segment to Account for Largest Share in Asia Pacific Armor Materials Market During Forecast Period

Growing instances of terrorism and increasing defence budget to propel the growth of Asia Pacific armor materials market

According to Tech Sci Research report, Asia Pacific Armor Materials Market By Type, By Application, By Country, Competition, Forecast & Opportunities, 2025, the Asia-Pacific armor materials market is projected to grow at a substantial pace over the next 5 years on account of increasing defense budget along with growing government investments on defense and security. The armor manufacturers are focusing more on improving performance, dynamic, reactive and active armor technologies. For instance, earlier the battle tanks were made of steel but now are prepared using multiple materials, to provide desired specifications, which is has boosted and positively influenced the market growth in the region. Moreover, rising concerns regarding soldier survivability and protection is fueling the demand for advanced armors, which is likely to boost the market growth through 2025.

Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on " Asia-Pacific Armor Materials Market"

Asia-Pacific armor materials market can be segmented based on type, application, country and company. On basis of application, the market can be segmented into vehicle, aerospace, body, civil and marine. The vehicle armor segment is anticipated to be the largest application during the forecast period owing to growing instances of armed conflicts and disputes in the region at both intrastate and interstate levels. In addition to this, the need for marine application is expected to grow at a rapid pace over the coming years because of the benefit it offers including protection against energy and ballistic attacks.

DuPont de Nemours, Inc, Koninklijke DSM N.V., Honeywell International Inc., 3M Company, Saab AB, Koninklijke Ten Cate BV, Armor Designs Inc., Armorsource LLC, JPS Composite Materials, PPG Industries Inc. etc. are some of the leading players operating in Asia-Pacific armor materials market.

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“Asia-Pacific armor materials market is projected to expand at a rapid pace which is attributable to increasing military up-grade programs and defense budgets. Necessity for army training is increasing because of growing bilateral tensions. The soldiers are meant to fight, for homeland security therefore they require weapons, vehicles, and body shields to protect themselves, which is expected to further propel the market growth through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Asia Pacific Armor Materials Market By Type, By Application, By Country, Competition, Forecast & Opportunities, 2025 has evaluated the future growth potential of Asia-Pacific armor materials market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Asia-Pacific armor materials market.


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