Ceramic Armor - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Ceramic Armor Market is accounted for $1.65 billion in 2018 and is expected to reach $3.67 billion by 2027 growing at a CAGR of 9.3% during the forecast period. Security concerns in developing regions, increasing demand for homeland security, and changing battlefield scenario are some of the factors fuelling the market growth. However, failure to provide complete protection and complexity of ceramic armour design is restricting the market growth.
Ceramic armor is commonly used in defence and security sectors. It is used in soft ballistic vests. Ceramic armor helps in defeating the high-velocity projectiles. It is a lightweight material, which guarantees durability and performance. The rise in advancements in the defense sector is expected to drive the demand for ceramic armor during the forecast period. Ceramic materials are generally a part of vehicle protection system and ballistic personal system. It is being used in the protection of individuals as well as vehicles, since decades. These are the hardest materials, and different than Kevlar using fibre to catch the bullet. Because of its strength, ceramic breaks the bullet.
Based on material, silicon carbide segment is estimated to have a lucrative growth due to the excessive demand for body armor providing higher defense and lower weight, and it is supreme for defending rifle bullets because of its superior strength and hardness. By Geography, North America is likely to have a huge demand due to the high demand for body armor from the defense as well as civilians and an increase in military spending by the US government.
Some of the key players profiled in the Ceramic Armor market include 3M Company, Armorstruxx LLC, Armorworks Enterprises, LLC, BAE Systems, Ceramtec, Cerco Corporation, Coorstek, Inc., FMS Enterprises Migun Ltd., Hard Shell, II-VI Incorporated, Koninklijke Ten Cate BV, Morgan Advanced Materials PLC, Point Blank Enterprises, Inc., SAAB AB, Safariland, LLC, Saint-Gobain, Schunk Carbon Technology, Seyntex NV, Sinoarmor and SM Group.
• Aluminum Nitride
• Boron Carbide
• Ceramic Matrix Composite
• Silicon Carbide
• Titanium Boride
• Other Materials
• Type I
• Type II
• Type II-A
• Type III
• Type III-A
• Type VI
Distribution Channels Covered:
• Aircraft Armor
• Body Armor
• Defense Armor
• Marine Armor
• Vehicle Armor
• Other Applications
End Users Covered:
• Homeland Security
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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