Global Vehicle Armor Market Seeking Excellent Growth | DuPont, AT&F, DSM, The Protective Group, Inkas

Military vehicles are very often armor clad to resist the impact of bullets, shrapnel or other projectiles, usually protecting the crew inside from enemy fire while on duty. These vehicles include armored military trucks, aircraft, ships and tanks. Vehicle armor is essential to modern day security forces, as it provides increased protection to the crew and passengers of armored vehicles. The global vehicle armor market is expected to grow at a high rate due to increasing terrorist threats.

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Drivers:

Increasing instability and conflicts in political situations and rising global terrorism are the major factors propelling growth of the global vehicle armor market. Moreover, increasing government investment in the military and defense sector is also expected to aid in growth of the market. For instance, the United States Department of Defense’s budget authority is approximately US$ 721.5 billion for the Fiscal Year 2020.

Restraints:

Lack of strong and durable vehicle armor manufacturers are the factors restraining growth of the global vehicle armor market.

Regional Insights:

Asia Pacific dominates the global vehicle armor market due to increasing terrorist activities, conflicts between nations, and riots in the region. As a result of these uncertainties, countries such as China and India are focusing on increasing their defense sector budget which is propelling the market growth in the region. For instance, the Union Government of India allocated US$ 4.56 billion as the defense budget for 2020-21.

Competitive Section:

Key players of the global vehicle armor market are CoorsTek, Kaiser Aluminum, DuPont, AT&F, DSM, The Protective Group, Inkas, Ibis Tek, and ArmorWroks.
In January 2019, Ibis Tek acquired Standard Bent Glass LLC., a supplier of transparent armor.
In November 2020, Inkas launched 2021 Mercedes-Benz V-Class that offers high-trim interior elements, premium security features, and innovative lightweight armor.

Following are significant Table of Content of Vehicle Armor Market Report:

1. Industry Overview of Vehicle Armor Market.
2. Assembling Cost Structure Analysis of Vehicle Armor Market.
3. Specialized Data and Manufacturing Plants Analysis of Vehicle Armor Market.
4. Capacity, Production, and Revenue Analysis.
5. Value, Cost, Gross and Gross Margin Analysis of Vehicle Armor Market by Regions, Types, and Manufacturers.
6. Utilization Volume, Consumption Value, and Sale Price Analysis of Vehicle Armor Market industry by Regions, Types, and Applications
7. Supply, Import, Export, and Consumption Analysis of Vehicle Armor Market.
8. Significant Manufacturers Analysis of Vehicle Armor Market industry.
9. Advertising Trader or Distributor Analysis of Vehicle Armor Market.
10.Industry Chain Analysis of Vehicle Armor Market.

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