The vehicle armor market is expected to witness a lucrative rate of growth over the forthcoming time period due to increasing military expenditures, rising research & development activities for enhancing new material capabilities, growing procurement of armored vehicles, and surging popularity of armored vehicles among high net-worth individuals and corporates.

Vehicle armor or armored vehicles are fitted with a complete or partial armor plating mainly for giving protection against shell fragments, bullets, and other projectiles. These armored vehicles for military use could further move either on continuous tracks or on wheels.

In theater, vehicles and tanks need high-performance navigation, detection, and observation, along with self-protection and engagement systems. To protect light armored vehicles, numerous key players offer effective as well as innovative solutions, like the missile jammers, remotely controlled turrets, and armor plating made of advanced composite materials.

The vehicle armor market is bifurcated in terms of material, vehicle, application, and regional landscape.

With respect to material, the vehicle armor market is classified into composites, ceramics, metals, and others. Among these, the others segment will grow at a CAGR of more than 3.5% over the forecast time period. This anticipated growth can be ascribed to the rising research & development activities for enhancing new material capabilities.

Meanwhile, it is noted that in armor systems, substantial weight reductions could be attained through the substitution of armor steel with advanced aluminum alloys or expanded steel. Other structural materials, especially titanium and magnesium alloys, offer potential advantages in comparison to steel. The advantages which make them a preferred material include, superior structural rigidity resulting from thicker sections, low-temperature embrittlement absence, and higher specific strength. Adding to this, titanium material also exhibits higher corrosion resistance in most service environments.

In terms of vehicle, the overall vehicle armor market is categorized into civilian & law enforcement vehicles, armored fighting vehicles, tanks, and others. Among these, the others segment is likely to reach a valuation of approximately will $650 million by the end of the analysis timeline. The segmental growth is attributed to the rising military expenditures.

From a regional frame of reference, Europe vehicle armor market is expected to grow at a CAGR of more than 4.0% through the forthcoming time period owing to the rising procurement of armored vehicles in the region.

Vehicle armor market in Latin America will cross nearly $250 million valuation by the end of the analysis time analysis. This regional growth is ascribed to the rising popularity of armored vehicles among corporates, and among high net-worth individuals.

Meanwhile, Middle East & Africa vehicle armor market will clutch nearly 30% of the total market share by the end of the forecast timeline.