Armor Market: Global Industry Analysis and Forecast (2024-2030)

Krajput24 Sep, 2024News

Armor Market size was valued at US$ 44.01 Bn in 2023 and the total revenue is expected to grow at CAGR 6.27% through 2023 to 2030, reaching nearly US$ 67.35 Bn. Armor Market Overview: An armor is a protective covering with the ability to absorb the impact of projectiles or another weapon on an object, individual, or vehicle. With the rise of terrorism and the use of powerful weapons by terrorists and criminals, the armor materials are used by police, military force private non-military security forces, and non-combatants to safeguard themselves. The use of nanotechnology materials and fibers in the manufacturing of lightweight and flexible armor is projected to be the driving factor for Armor Market during the forecast period.