There is a fast moving trend towards using lightweight materials in automotive, aerospace, building and construction, body armour and protection, sports and leisure goods. The dynamic industrial development puts higher demands for lighter and yet stronger materials. Magnesium alloys potentially met the present demands for lighter and reliable construction. With comparable specific stiffness, higher specific strength and energy absorption magnesium alloys have the potential to replace steel and aluminum alloys. Magnesium alloys are very useful for applications where materials are subjected to variable or dynamic loads such as crash events in vehicles and planes, buildings and structures against projectiles penetration etc. To know the materials’ response to impacts and their resistance to blast and shock, it is necessary to understand their behaviour under static as well as dynamic conditions. In current study, magnesium alloys AZ91D and AM50 have been studied at dynamic loading conditions and compared with aluminum alloy AA6061-T6. With significant mass saving, higher specific properties and higher energy absorption under dynamic loadings, magnesium alloys are promising candidates to replace conventional materials not only aluminum but steel as well in structural applications.