Global Ceramic Armor Market Expected to Reach $ 243.90 Billion by 2028 | Business Intelligence Insights (BII)

Publisher Name : Business Intelligence Insights (BII) Publish Date : 2022-01-20  

     

As per Business Intelligence Insights (BII) study, the global Global Ceramic Armor Market attained revenue growth of USD 149.50 billion in 2021 and it is projected to reach around USD 243.90 billion by 2028, growing at a 8.50% CAGR.

Additionally, the rise of the ceramic armor sector is being fueled by an increase in lethal ammunition and equipment, as well as changes in the battlefield environment. Ceramic armor's growth, on the other hand, is impeded by its inability to provide total protection and the intricacy of its design. Expansion in the defence sector, spurred by government spending in both developed and emerging countries, is expected to increase the ceramic armor market in the coming years. Furthermore, the global ceramic armor market is expected to develop in the coming years as the demand for lighter armor systems grows. Ceramic armor technical breakthroughs could help improve product demand and promote the whole ceramic armor business in the future.The alumina raw material sector is expected to contribute the most to the total ceramic armor market in the future years due to its high elasticity and hardness.

In the defence and security industries, ceramic armor is widely employed. It's used in soft ballistic vests. Ceramic armor can stop high-velocity projectiles in their tracks. It is lightweight, assuring long-term performance and durability. Body armor, marine armor, aviation armor, vehicle armor, and other applications all use the material. In the forecast period, the growth in security issues in developing countries around the world, as well as growing need for homeland security, is expected to propel the ceramic armor market forward.

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Global Ceramic Armor Market: Companies Mentioned

•  Saint-Gobain (France)
•  3M Company (US)
•  Koninklijke Ten Cate BV (Netherlands)
•  Coorstek, Inc. (US)
•  CeraTec (Germany)
•  BAE Systems (UK)
•  II-VI Incorporated (US)
•  Morgan Advanced Materials plc (UK)
•  Safariland, LLC (US)
•  ArmorWorks Holdings, Inc. (US)
•  Amway Corp (US)

Key Highlights of the Report

•  Alumina led the market for Ceramic Armor in 2021. More than 35% of the market was covered. Furthermore, Alumina is likely to maintain its dominance in the global ceramic armor market over the forecast period. The benefits of high modulus of elasticity and toughness, as well as its light weight, are expected to increase market demand.

•  Ceramic Armor can be used for body armor, aircraft armor, vehicle armor, marine armor, and other applications (Civilians; Bank, Offices, Personal Cars). Body armor is the most widespread application mode in the global Ceramic Armor sector. The market share is greater than 40%. Silicon carbide ceramic material is good for resisting rifle bullets due to its remarkable strength and hardness. As a result of the growing demand for body armor that provides more protection while being lighter, the demand for silicon carbide ceramic armor has increased. The high amount of government spending in North America and Europe is fueling body armor demand.

•  A variety of domestic and international enterprises call North America home. In the United States, ceramic armor is the most common, followed by Canada and Mexico. The rise of the ceramic armor market is being aided by the region's effective manufacturing and trade policies. Because ceramic armors are often used to protect people from bullet penetration and blast fragmentation, one of the factors driving the ceramic armors sector in North America is the legalisation of weapons. Due to their high strength and hardness, silicon carbide compounds are resistant to rifle bullets. Furthermore, over the research period, the advent of several ceramic armor enterprises would fuel the ceramic armor market's expansion in the area. The ceramic armor market in Asia Pacific is predicted to develop rapidly due to a rise in cross-border clashes and terrorist activities. Furthermore, the ceramic armor market in the area is likely to be driven by an increase in demand for strong and lightweight materials to improve the capability of aviation forces and air defence units in the coming years.

•  The report contains qualitative and quantitative research on the global dietary supplement Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

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Revenue-generating Segment Highlights

By Material Type

•  Alumina
•  Boron Carbide
•  Ceramic Matrix Composite
•  Others (Titanium Boride, Aluminium Nitride)

By application

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

By Region
•  North America
o  U.S.
o  Canada
•  Europe
o  Germany
o  U.K.
o  France
o  Italy
o  Spain
o  Rest of Europe
•  Asia Pacific
o  China
o  India
o  Japan
o  Rest of Asia Pacific
•  Latin America
o  Brazil
o  Mexico
o  Rest of Latin America
•  Middle East and Africa
o  UAE
o  South Africa
o  Rest of Middle East and Africa (MEA)

Ready to generate outstanding revenue opportunities with Business Intelligence Insights (BII)’ exclusive Global Ceramic Armor Market study. Highlights of the overall market will be included in the research, as well as frequently asked questions such as –

•  What are the historical and projected revenue figures, as well as the CAGR, for the forecast period?
•  What is the current trend taking place in the market space?
•  What are the business techniques that will influence competitive scenarios as well as the market's growth potential?
•  What market drivers, restraints, and challenges are influencing market demand and growth?
•  In the approaching years, which regions and segments will generate significant revenue and emerge as industry leaders?

The Global Ceramic Armor Market report's competitive scenario examines, assesses, and positions firms based on a variety of performance characteristics. The financial performance of organizations over the last few years, growth plans, product innovations, new product launches, investments, market share growth, and so on are some of the elements analysed in this research. Don't wait any longer; take a comprehensive approach and achieve your business objectives with our Global Ceramic Armor Market Forecast Report 2022- 2028 - Order Now!

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