A number of trends are fueling research and development in the global vehicle armor market. With rapid advances in fields such as ballistic protection, the future of armored vehicles is poised to witness a remarkable transformation over the next few years. Currently, both developed and emerging countries are investing in the upgradation and modernization of their ground vehicle fleet. In anticipation of a strong product in the near future, many manufacturers are improvising by developing advanced vehicle components, armor systems, and communications systems.

For example, DSM Dyneema had unveiled the Force Multiplier technology to boost the efficiency and performance of armored vehicles. The technology helps lower weight, improve flexibility, and provide superior ballistic protection.  Global Market Insights Inc., forecasts that global vehicle armor market size will cross an annual valuation of more than US$9.1 billion by 2026, with increasing demand and adoption of advanced armored vehicles.

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What factors will accelerate installation of armor components in civilian and law enforcement vehicles?

Considering the type of vehicle, the demand for armor systems and components in civilian and law enforcement vehicles is likely to grow at a 5% CAGR through 2026. These components provide robust production against different types of ammunition such as 9 mm pistols, AK-47 rifle, AR-15 rifle, bombs. In addition, they also provide additional protection in case of accidents.

In comparison to normal vehicles, the chances of death or fatal injuries while traveling in armored vehicles are considerably lower. Vehicle armor component manufacturers are focusing on incorporating numerous features including electric shock handles, run flat tires, bulletproof glass, bomb blankets, and oil slick systems for enhance safety and protection of passengers.

Why are ceramic-based vehicle armor components experiencing a significant demand?

In terms of the material, ceramics are likely to account for over 15% revenue share of global vehicle armor industry by 2026. Ceramic-based materials have high modulus, superior toughness, and low density. Moreover, these materials have excellent fracture toughness and high flexural strength, making them a desirable option for armored vehicles.

Ceramics are generally used in lightweight applications for protections against small arms and medium caliber machine gun attacks. Boron carbide (B4C), aluminum oxide (Al2O3), silicon carbide (SiC), zirconium toughened alumina (ZTA), and titanium di-boride (TiB2) are among the commonly used ceramic materials in armor systems.

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How will an increasing military & defense budget impact North America vehicle armor industry trends?

The demand for armored vehicles in North America will be largely fueled by increasing government investments in military armament development and counterterrorism programs. The U.S. Department of Defense (DOD), for instance, had allocated a budget of nearly US$700 billion for the development of the military sector. The Canadian government had also disclosed plans to boost its defense budget by more than 70% over the next decade.

The presence of leading automakers and OEMs in the region focusing on development of advanced vehicle armor components and systems will bolster the regional outlook. It is estimated that North America vehicle armor market will be worth more than US$890 million by 2026.

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