Global Ceramic Armor Market Estimated To Grow At A CAGR Of Around 7.9% And Reach USD 2.83 Billion By 2025

16-Feb-2021 | Zion Market Research

As per analysts at Zion Market Research, the global ceramic armor market is anticipated to develop from USD 1.75 billion in 2019 to USD 2.83 billion by 2025, budding at a CAGR over 7.9% during the forecasted period 2019–2025. The market is developing owing to the growing military outlays by nations to augment protection to the military. Ceramic armor is normally utilized in defense & security segment for soft ballistic vests and in knocking out high-velocity projectiles. It is a weightless material, which ensures performance and durability. The augment in innovations in the security segment is anticipated to compel the ceramic armor demand over the forecasted period.

Some of the key players in the market are CeramTec, Armor Works Inc., Saint Gobain Ceramics, Ceradyne, Inc., and Coorstek Inc. The contenders are focusing on the research & development activities so as to reinforce their position in the market.

Development Of Equipment In The Security & Defense Sector To Boost The Global Ceramic Armor Market

Amongst the different kinds of material being utilized for the ceramic armor market, Alumina in the past has remained a major segment. Alumina is widely used by the manufacturers of the armor. It is not only affordable but also provides the benefits of stiffness, improved modulus of malleability and solid refractoriness. Ceramic armor is additionally used in the manufacturing of textiles accessories, for instance, magnificent materials or automotive materials. Similarly, these elements are anticipated to aid market expansion. Nonetheless, soar in the number of substitutes—such as para-aramid and polypropylene ceramic synthetic fiber—is likely to constraint the market growth over the estimated period. The security segment is predicted to register a substantial demand in the future. The demand for ceramic armor in the security & defense sector might be owing to the leading trend of developing military equipment across the globe.

The global ceramic armor market is bifurcated on the basis of material type, application, and regional analysis. Based on the material type, the market is divided into silicon carbide, alumina, ceramic matrix composite, boron carbide, and others (aluminum nitride & titanium boride). Based on the application, the market is divided into marine armor, body armor, vehicle armor, aircraft armor, and others (civilians; offices, bank, personal cars).

North America & Asia Pacific Region Projected To Witness Massive Growth In The Global Ceramic Armor Market

Based on geographical analysis, the global ceramic armor market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region is home to various organizations that are involved in the manufacturing of ceramic armor, which makes it a prime region in the global market. In addition, the U.S. is a key contributor to the North American market owing to its profound expenditure in the military & defense segment. The demand for ceramic armor across the Asia Pacific region is projected to surge outstandingly over the forecasted period due to augmenting terrorist activities and cross border disputes.

Browse the full “Ceramic Armor Market - By Material Type (Silicon Carbide, Alumina, Ceramic Matrix Composite, Boron Carbide, And Others), By Application (Aircraft Armor, Body Armor, Marine Armor, Vehicle Armor, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/ceramic-armor-market

The global ceramic armor market is segmented as follows:

By material type:

  • Boron Carbide
  • Silicon Carbide
  • Alumina
  • Ceramic Matrix Composite
  • Others (Titanium boride and aluminum nitride)

By application:

  • Vehicle Armor
  • Body armor
  • Aircraft Armor
  • Marine Armor
  • Others (Civilians; Offices, Bank, Personal Cars)

By region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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