Ceramic
Armor Materials Market-Overview
The
Ceramic Armor Materials Market, in terms of value, is estimated to account for
USD 2.80 billion in 2025, exhibiting a CAGR of 7.65%.
The need for
tactical advantage has risen incrementally in the past few years, with the rise
in international conflicts, thus motivating the ceramic armor materials market. The market's report is efficiently
analyzed as per MRFR, which provides outlooks for the global markets
The surge in
military tactical equipment requirement development is estimated to enhance the
forecast period's ceramic armor materials market share. The inclusion of
innovation in the product offering is estimated to strengthen the ceramic armor
materials market.
Segmental
Analysis
The
segmental appraisal of the ceramic armor materials market is conducted on the
basis of material, application, and region. The ceramic armor materials
market's application segment comprises marine armor, body armor, vehicle armor,
and aircraft armor. The material segment of the ceramic armor materials market
comprises of silicon carbide, aluminum nitride, alumina, ceramic matrix
composite, titanium boride, and boron carbide. The region segment of the
ceramic armor materials market consists of North America, Europe, Asia Pacific,
and other notable regions.
Regional
Overview
The regional
overview of the ceramic armor materials market consists of North America,
Europe, Asia Pacific, and other notable regions. The evolution of the North
American regional market for ceramic armor materials is primarily controlled by
the increase in the US military budget, which has increased the production of
ceramic armor materials. In addition, the joint homeland security affairs due
to threats, e.g., terrorist attacks, are expected to push the need for ceramic
armor materials market in the forecast period. The collective cross-border
terrorist pursuits in the Asia-Pacific region have surged the demand for
ceramic armor materials, which is projected to fuel the growth of the
Asia-Pacific ceramic armor materials market. In the European region, the UK is
the main producer of ships, aircraft, and automobiles, which has amplified the
region's usage of ceramic armor materials. In the Middle Eastern, African, and
Latin American regions, the ceramic armor materials market demand is expected
to strengthen steadily in the forecast period. The improved defense expenditure
in these regions will further enhance the ceramic armor materials market in the
coming period.
Competitive
Analysis
The
agreement of various international trade deals is estimated to further foster
the expansion of the market. The capitalization by market companies to
establish robust e-commerce and retail channels is projected to motivate the
development of the market. The improvement in the rate of innovation is
estimated to further open up new aspects of the market. The market is likely to
be lifted by the reformative trends that are shaping the global market. The
development of robust delivery chains is predicted to enhance the pace of
progress in the upcoming months. The financial stimulus being provided by many
government bodies to regenerate their national markets is estimated to spur the
global progress rate. The engagement of technology and strategy-based approach
is likely to ensure better chances for success in the future. The increased
emphasis on high-revenue decision-making in the market is estimated to prompt
its quicker return to normalcy in the coming months.
The major
companies in the ceramic armor material market are CoorsTek, Inc (US), 3M (US), BAE
Systems (UK), Ultramet (US), Axiom Materials, Inc (US), Saint-Gobain (France),
Morgan Advanced Materials PLC (UK), Safariland, LLC (US), Ceramtec (Germany),
and CFCCARBON CO, LTD (China).
Industry
Updates:
May 2021
Spartan Armor Systems, the manufacturers of American-designed and constructed
body armor, tactical gear, and targets, have revealed the new Hercules Level IV
Ceramic Body Armor, crafted at the Spartan Armor Systems facility in Arizona.
The Hercules level IV body armor plate has been carefully tested by an
independent NIJ Certified laboratory.
Nov 2020 The
Russian military has declared that the Technodinamika Group—a portion of the
state tech company Rostec —has plans to conclude the manufacturer's assessments
of the unique ceramic armor for reinforced vehicles at the commencement of next
year. The corundum ceramic armor plates were advanced by Ufa Aggregate
Production Association. Corundum ceramics is a super-hard substance shaped on
the basis of aluminum oxide. It typically comprises hints of titanium, iron,
vanadium, and chromium.
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