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:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651