Reports
The global ceramic armor market is expected to witness moderate growth during the forecast period between 2021 and 2031.
Ceramic armors are extensively used in the military and security sectors to produce different equipment such as body armor, aircraft armor, and vehicle armors. Ceramic armors can absorb kinetic energy released from the bullets, which are fired from shotguns.
Besides applications in the military and security sectors, ceramic armors are also used in the production of textile accessories such as smart textiles.
Ceramic armors possess high compressive strength and hardness and is commonly produced, using silicon carbide, boron carbide, and alumina. Ceramic armors are lightweight in nature and assures durability and high performance.
Factors such as increasing global security concerns, rise in demand for homeland security services, and growth in the production of hazardous ammunition and weapons are the key growth drivers for the global ceramic armor market.
Growth in the defense sector, owing to investments from governments in both developed and developing economies, is also expected to bolster the growth in the ceramic armor market, in the coming years.
Also, a growing need for lighter armor systems is expected to fuel the growth in the global ceramic armor market, in the years to come.
Technological innovations in ceramic armors could also help fuel product demand and propel the overall ceramic armor market, in future.
The alumina raw material segment is expected to contribute the most to the overall ceramic armor market, in the next few years, owing to its characteristics such as high elasticity and hardness.
The body armor application segment is anticipated to make the largest contribution to the growth of the overall ceramic armor market, in the coming years.
The global ceramic armor market is extremely competitive, with the presence of several well-established players, who could account for a large share in the overall market, in the coming years.
The leading players in the global ceramic armor market are expected to collaborate with smaller players in a bid to expand their market presence and increase their revenue share.
Growing demand for advanced ammunition could also propel well-established market players to focus on research and development activities in a bid to produce improved quality of ceramic armors.
Some of the key players in the ceramic armor market include Saint-Gobain, Morgan Advanced Materials PLC, BAE Systems, 3M Company, and Coorstek Inc.
The global ceramic armor market is classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.
North America is anticipated to emerge as the dominant region in the overall ceramic armor market, in the coming years.
Rising investments in the military and defense sectors, and the presence of leading ceramic armor market players in countries such as the U.S and Canada are expected to be key growth drivers for the ceramic armor market, in this region.
Asia Pacific is expected to emerge second in the overall ceramic armor market owing to an increase in demand for lightweight materials for producing aircraft components and air defense components.
Europe is expected to stand third in the ceramic armor market owing to increased demand for lightweight materials, high demand for body armors, and increasing investments in the defense industry in countries such as UK and Germany.
Other regions such as Middle East and Africa and Latin America are expected to witness moderate growth in the ceramic armor market, owing to the lack of presence of leading players in both the regions.
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