Global Ceramic Armor Market Projected to Show Strong Growth by 2026

Posted by nileshdbmr on October 18th, 2019

Global ceramic armor market is expected to rise to an estimated value of USD 3.21 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026.

Ceramic armor is a defense/protection device that is applied on various armoured vehicles and defense personnel to protect them from external factors such as ammunition, bombs, and various other threats. It is mixed with various other chemical compounds to formulate the end-product which provide resistance and protection from threats to an individual’s face while on the battlefield. These armor are also used as the base for providing protection to the vehicles essentially making it so that normal vehicles are transformed into armoured vehicle.

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Competitive Analysis:

Global ceramic armor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ceramic armor market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global ceramic armor market are Saint-Gobain; CoorsTek Inc.; Koninklijke Ten Cate BV; 3M Technical Ceramics; ArmorWorks; CeramTec; BAE Systems; Morgan Advanced Materials; Seyntex; Safariland, LLC; Hard Shell UK Ltd.; FMS Enterprises Migun LTD.; Concept East Ltd; Schunk GmbH; SM Group; CerCo Corporation; Point Blank Enterprises, Inc.; ArmorStruxx.com; Saab AB; II-VI Incorporated; KDH DEFENSE SYSTEMS, INC. and Sarkar Tactical among others.

Segmentation: Global Ceramic Armor Market

•          By Type (Type I, Type II-A, Type II, Type III-A, Type III, Type VI)
•          By Material Type (Alumina, Boron Carbide, Silicon Carbide, Ceramic Matrix Composite, Others)
•          By Application (Body Armor, Aircraft Armor, Marine Armor, Vehicle Armor, Others)
•          By Platform (Defense, Homeland Security, Civilians)
•          By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Market Drivers:

•          High concerns regarding the security of individuals amid rising threats of attacks; this factor is expected to drive the growth of the market
•          Advancements in technologies inducing the availability of more effective and fatal weapon systems; this factor is expected to drive the growth of the market
•          Growth in demand for protection of first responders and homeland security personnel across the world is also expected to positively affect the growth of the market

Market Restraints:

•          Lack of effectiveness in providing complete protection to the wearer or vehicles; this factor is expected to hinder the growth of the market
•          Complications associated with the manufacturing of these products as it has a complex designing process; this factor is expected to hinder the growth of the market

Key Insights in the report:

•          Complete and distinct analysis of the market drivers and restraints
•          Key market players involved in this industry
•          Detailed analysis of the market segmentation
•          Competitive analysis of the key players involved

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