The Global Armor Materials Market is Estimated to Mark a Significant CAGR Of 7.1% by the end of 2024
The global armor materials market is segmented into product such as metal & alloys, ceramic & composites, para-aramid fibers, fiberglass and ultra-high molecular polyethylene out of which, metal & alloys segment is expected to dominate the overall armor materials market and is envisioned to grab a notable CAGR by 2024. Likely, growing adoption of advanced armor system for military applications is envisioned to bolster the growth of global armor materials market. Furthermore, increasing government initiatives regarding adoption of advanced armor system is also projected to intensify the growth of armor materials market in near future. Global armor materials market is anticipated to mask a tremendous CAGR of 7.1% during the forecast period i.e. 2017-2024. Additionally, the market of armor materials is riding on the back of growing security concerns. Moreover, the global armor materials market is projected to account noteworthy sales of 13.2 Billion by the end of 2024. R...