Vehicle Armor Materials Market projected to reach $9.3bn by 2029, driven by geopolitical tensions, asymmetric warfare, and advanced armor investments.
Vehicle Armor Materials Market projected to reach $9.3bn by 2029, driven by rising geopolitical tensions, asymmetric warfare, and increased investment in advanced armor solutions for military and civilian vehicles. Factors such as the adoption of lightweight materials and an uptick in warfare activities contribute to the industry's growth, which is expected to reach $15.7bn by 2027 at a CAGR of 5.3%.
March 19, 2024
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